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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
+25.32%
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
$3.99B
AUM Growth
+$903M
Cap. Flow
+$261M
Cap. Flow %
6.55%
Top 10 Hldgs %
51.52%
Holding
35
New
9
Increased
6
Reduced
11
Closed
9

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$187M
2
VRSN icon
VeriSign
VRSN
+$164M
3
DISH
DISH Network Corp.
DISH
+$152M
4
MU icon
Micron Technology
MU
+$114M
5
RTX icon
RTX Corp
RTX
+$104M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$138M
2
LOW icon
Lowe's Companies
LOW
+$103M
3
NSC icon
Norfolk Southern
NSC
+$95.4M
4
NYT icon
New York Times
NYT
+$71.7M
5
QSR icon
Restaurant Brands International
QSR
+$71.3M

Sector Composition

Rank Sector Weight
1 Technology 30.03%
2 Communication Services 23.78%
3 Industrials 14.33%
4 Consumer Discretionary 12.37%
5 Consumer Staples 10.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DISH
26
CALL
DELISTED
DISH Network Corp.
DISH
$48.3M 1.21%
+1,400,000
New +$38.9M
AAP icon
27
Advance Auto Parts
AAP
$3.49B
– –
-283,638
Closed -$26.5M
BABA icon
28
Alibaba
BABA
$308B
– –
-345,000
Closed -$67.1M
NKE icon
29
Nike
NKE
$61.9B
– –
-580,000
Closed -$48M
NSC icon
30
Norfolk Southern
NSC
$75.1B
– –
-653,559
Closed -$95.4M
QSR icon
31
Restaurant Brands International
QSR
$25.8B
– –
-1,780,000
Closed -$71.3M
TMUS icon
32
T-Mobile US
TMUS
$190B
– –
-775,000
Closed -$65M
TTWO icon
33
Take-Two Interactive
TTWO
$46.1B
– –
-535,000
Closed -$63.5M
WEX icon
34
WEX
WEX
$6.31B
– –
-294,181
Closed -$30.8M
PLAN
35
DELISTED
Anaplan, Inc.
PLAN
– –
-1,250,000
Closed -$37.8M
1
2

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Palestra Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Palestra Capital Management held 35 positions worth $3.99B, up 29% from $3.09B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Palestra Capital Management deployed $261M of net new capital in Q2 2020, opening 9 new positions and adding to 6 existing holdings. Its largest new stake was Uber: 6,002,639 shares worth $187M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 21% a quarter earlier, followed by Communication Services and Industrials.

On the sell side, the largest reduction was Amazon, an estimated $138M trimmed.

  • Palestra Capital Management's largest Q2 2020 buy was Uber: 6,002,639 shares worth $187M.
  • Palestra Capital Management added most to Constellation Brands in Q2 2020, an estimated $102M increase.
  • Palestra Capital Management's biggest Q2 2020 reduction was Amazon, cutting an estimated $138M.
  • Palestra Capital Management fully exited Norfolk Southern in Q2 2020, selling an estimated $95.4M.
  • Palestra Capital Management's ten largest holdings make up 52% of its $3.99B portfolio in Q2 2020.
  • Palestra Capital Management opened 9 new positions and closed 9 in Q2 2020.
  • Palestra Capital Management's portfolio value rose 29% quarter-over-quarter to $3.99B.

Based on Palestra Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.