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Palestra Capital Management Portfolio holdings

AUM $2.57B
1-Year Est. Return 29.93%
This Fund
S&P 500
This Quarter Est. Return
+3.3%
1 Year Est. Return
+29.93%
3 Year Est. Return
+164.38%
5 Year Est. Return
+171.56%
10 Year Est. Return
+984.02%
AUM
$3.03B
AUM Growth
-$411M
Cap. Flow
-$475M
Cap. Flow %
-15.68%
Top 10 Hldgs %
56.74%
Holding
30
New
5
Increased
4
Reduced
13
Closed
8

Top Buys

Rank Stock Value
1
RTN
Raytheon Company
RTN
+$168M
2
FIS icon
Fidelity National Information Services
FIS
+$151M
3
LHX icon
L3Harris
LHX
+$116M
4
GPN icon
Global Payments
GPN
+$87.9M
5
PLAN
Anaplan, Inc.
PLAN
+$82.5M

Top Sells

Rank Stock Value
1
UNP icon
Union Pacific
UNP
+$179M
2
WP
Worldpay, Inc.
WP
+$158M
3
USFD icon
US Foods
USFD
+$106M
4
TMUS icon
T-Mobile US
TMUS
+$105M
5
V icon
Visa
V
+$92.8M

Sector Composition

Rank Sector Weight
1 Technology 29.6%
2 Communication Services 25.52%
3 Industrials 22.81%
4 Consumer Discretionary 13.03%
5 Materials 4.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNP icon
26
Union Pacific
UNP
$174B
– –
-1,058,095
Closed -$179M
USFD icon
27
US Foods
USFD
$24B
– –
-2,953,932
Closed -$106M
V icon
28
Visa
V
$677B
– –
-534,833
Closed -$92.8M
WP
29
DELISTED
Worldpay, Inc.
WP
– –
-1,293,330
Closed -$158M
GRA
30
DELISTED
W.R. Grace & Co.
GRA
– –
-1,214,198
Closed -$92.4M
1
2

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Palestra Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Palestra Capital Management held 30 positions worth $3.03B, down 12% from $3.44B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Palestra Capital Management withdrew a net $475M in Q3 2019, closing 8 positions and reducing 13 holdings. Its most notable exit was Union Pacific, an estimated $179M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 22% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Palestra Capital Management opened a new position in Raytheon Company worth $177M.

  • Palestra Capital Management's largest Q3 2019 buy was Raytheon Company: 904,450 shares worth $177M.
  • Palestra Capital Management added most to Fidelity National Information Services in Q3 2019, an estimated $151M increase.
  • Palestra Capital Management's biggest Q3 2019 reduction was Optimum Communications Inc, cutting an estimated $65.8M.
  • Palestra Capital Management fully exited Union Pacific in Q3 2019, selling an estimated $179M.
  • Palestra Capital Management's ten largest holdings make up 57% of its $3.03B portfolio in Q3 2019.
  • Palestra Capital Management opened 5 new positions and closed 8 in Q3 2019.
  • Palestra Capital Management's portfolio value fell 12% quarter-over-quarter to $3.03B.

Based on Palestra Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.