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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
+5.52%
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
$3.36B
AUM Growth
+$331M
Cap. Flow
+$225M
Cap. Flow %
6.69%
Top 10 Hldgs %
51.88%
Holding
28
New
6
Increased
6
Reduced
11
Closed
5

Top Buys

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$155M
2
CRM icon
Salesforce
CRM
+$147M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$139M
4
CHTR icon
Charter Communications
CHTR
+$123M
5
UBER icon
Uber
UBER
+$117M

Top Sells

Rank Stock Value
1
CMCSA icon
Comcast
CMCSA
+$155M
2
TTWO icon
Take-Two Interactive
TTWO
+$98.5M
3
INFO
IHS Markit Ltd. Common Shares
INFO
+$94.3M
4
BKI
Black Knight, Inc. Common Stock
BKI
+$89.3M
5
PLAN
Anaplan, Inc.
PLAN
+$71.5M

Sector Composition

Rank Sector Weight
1 Technology 30.01%
2 Industrials 21.33%
3 Communication Services 19.4%
4 Consumer Discretionary 11.04%
5 Consumer Staples 7.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BKI
26
DELISTED
Black Knight, Inc. Common Stock
BKI
– –
-1,461,701
Closed -$89.3M
PLAN
27
DELISTED
Anaplan, Inc.
PLAN
– –
-1,520,856
Closed -$71.5M
INFO
28
DELISTED
IHS Markit Ltd. Common Shares
INFO
– –
-1,409,900
Closed -$94.3M
1
2

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Palestra Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Palestra Capital Management held 28 positions worth $3.36B, up 11% from $3.03B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Palestra Capital Management deployed $225M of net new capital in Q4 2019, opening 6 new positions and adding to 6 existing holdings. Its largest new stake was Dollar Tree: 1,474,805 shares worth $139M.

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

On the sell side, the largest reduction was Royal Caribbean, an estimated $65.2M trimmed.

  • Palestra Capital Management's largest Q4 2019 buy was Dollar Tree: 1,474,805 shares worth $139M.
  • Palestra Capital Management added most to Global Payments in Q4 2019, an estimated $43.4M increase.
  • Palestra Capital Management's biggest Q4 2019 reduction was Royal Caribbean, cutting an estimated $65.2M.
  • Palestra Capital Management fully exited Comcast in Q4 2019, selling an estimated $155M.
  • Palestra Capital Management's ten largest holdings make up 52% of its $3.36B portfolio in Q4 2019.
  • Palestra Capital Management opened 6 new positions and closed 5 in Q4 2019.
  • Palestra Capital Management's portfolio value rose 11% quarter-over-quarter to $3.36B.

Based on Palestra Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.