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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
-15.51%
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
$3.09B
AUM Growth
-$276M
Cap. Flow
+$320M
Cap. Flow %
10.36%
Top 10 Hldgs %
63.78%
Holding
37
New
14
Increased
10
Reduced
2
Closed
11

Top Buys

Rank Stock Value
1
CSX icon
CSX Corp
CSX
+$217M
2
AMZN icon
Amazon
AMZN
+$212M
3
CHTR icon
Charter Communications
CHTR
+$126M
4
STZ icon
Constellation Brands
STZ
+$118M
5
LHX icon
L3Harris
LHX
+$112M

Top Sells

Rank Stock Value
1
RTN
Raytheon Company
RTN
+$171M
2
CRM icon
Salesforce
CRM
+$153M
3
VMC icon
Vulcan Materials
VMC
+$151M
4
ADBE icon
Adobe
ADBE
+$145M
5
DIS icon
Walt Disney
DIS
+$128M

Sector Composition

Rank Sector Weight
1 Communication Services 28.07%
2 Consumer Discretionary 21.22%
3 Technology 20.56%
4 Industrials 19.87%
5 Consumer Staples 7.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALLY icon
26
Ally Financial
ALLY
$13.2B
$22.3M 0.72%
+1,543,288
New +$40.5M
ADBE icon
27
Adobe
ADBE
$106B
– –
-439,169
Closed -$145M
BA icon
28
CALL
Boeing
BA
$184B
– –
-670,000
Closed -$218M
BA icon
29
Boeing
BA
$184B
– –
-365,000
Closed -$119M
CRM icon
30
Salesforce
CRM
$158B
– –
-938,325
Closed -$153M
DIS icon
31
Walt Disney
DIS
$181B
– –
-884,610
Closed -$128M
KMX icon
32
CarMax
KMX
$8.25B
– –
-1,431,594
Closed -$126M
PFGC icon
33
Performance Food Group
PFGC
$17.9B
– –
-2,025,000
Closed -$104M
RCL icon
34
Royal Caribbean
RCL
$83.9B
– –
-721,000
Closed -$96.3M
UBER icon
35
Uber
UBER
$158B
– –
-3,929,765
Closed -$117M
VMC icon
36
Vulcan Materials
VMC
$36.8B
– –
-1,050,645
Closed -$151M
RTN
37
DELISTED
Raytheon Company
RTN
– –
-777,020
Closed -$171M
1
2

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Palestra Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Palestra Capital Management held 37 positions worth $3.09B, down 8.2% from $3.36B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Palestra Capital Management deployed $320M of net new capital in Q1 2020, opening 14 new positions and adding to 10 existing holdings. Its largest new stake was CSX Corp: 9,293,700 shares worth $178M.

By sector, the portfolio is most concentrated in Communication Services at 28% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Norfolk Southern, an estimated $18.4M trimmed.

  • Palestra Capital Management's largest Q1 2020 buy was CSX Corp: 9,293,700 shares worth $178M.
  • Palestra Capital Management added most to Charter Communications in Q1 2020, an estimated $126M increase.
  • Palestra Capital Management's biggest Q1 2020 reduction was Norfolk Southern, cutting an estimated $18.4M.
  • Palestra Capital Management fully exited Raytheon Company in Q1 2020, selling an estimated $171M.
  • Palestra Capital Management's ten largest holdings make up 64% of its $3.09B portfolio in Q1 2020.
  • Palestra Capital Management opened 14 new positions and closed 11 in Q1 2020.
  • Palestra Capital Management's portfolio value fell 8.2% quarter-over-quarter to $3.09B.

Based on Palestra Capital Management's 13F filing for Q1 2020, filed 15 May 2020.