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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
+13.98%
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
$4.3B
AUM Growth
+$308M
(+7.7%)
Cap. Flow
+$35M
Cap. Flow
% of AUM
0.81%
Top 10 Holdings %
Top 10 Hldgs %
52.38%
Holding
38
New
12
Increased
9
Reduced
7
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CarMax
KMX
|
+$197M |
| 2 |
Alibaba
BABA
|
+$149M |
| 3 |
Avantor
AVTR
|
+$142M |
| 4 |
Entegris
ENTG
|
+$116M |
| 5 |
PLAN
Anaplan, Inc.
PLAN
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$232M |
| 2 |
Dollar Tree
DLTR
|
+$181M |
| 3 |
VeriSign
VRSN
|
+$164M |
| 4 |
Lowe's Companies
LOW
|
+$164M |
| 5 |
L3Harris
LHX
|
+$142M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.33% |
| 2 | Communication Services | 19.53% |
| 3 | Consumer Discretionary | 16.34% |
| 4 | Industrials | 8.34% |
| 5 | Healthcare | 8.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
L3Harris
LHX
$53.4B
| $45.2M | 1.05% |
266,194
-809,871
| -75% | -$142M |
|
27
Bath & Body Works
BBWI
$4.1B
| $42.5M | 0.99% |
+1,651,701
| New | +$33.8M |
|
|
DISH
28
CALL
DELISTED
DISH Network Corp.
DISH
| $40.6M | 0.95% |
1,400,000
| – | – |
|
|
29
Charter Communications
CHTR
$18.2B
| $30.2M | 0.7% |
48,379
-393,014
| -89% | -$232M |
|
30
Ally Financial
ALLY
$13.3B
| – | – |
-4,578,225
| Closed | -$90.8M |
|
|
31
Dollar Tree
DLTR
$25.2B
| – | – |
-1,948,970
| Closed | -$181M |
|
|
32
Lowe's Companies
LOW
$125B
| – | – |
-1,210,770
| Closed | -$164M |
|
33
Micron Technology
MU
$991B
| – | – |
-2,419,545
| Closed | -$125M |
|
34
New York Times
NYT
$10.2B
| – | – |
-3,108,231
| Closed | -$131M |
|
35
O'Reilly Automotive
ORLY
$76.3B
| – | – |
-3,821,475
| Closed | -$107M |
|
36
RTX Corp
RTX
$301B
| – | – |
-1,663,500
| Closed | -$103M |
|
|
37
VeriSign
VRSN
$26.6B
| – | – |
-792,380
| Closed | -$164M |
|
|
IAA
38
DELISTED
IAA, Inc. Common Stock
IAA
| – | – |
-2,032,210
| Closed | -$78.4M |
|
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Palestra Capital Management's Q3 2020 Portfolio in Review
As of Q3 2020, Palestra Capital Management held 38 positions worth $4.3B, up 7.7% from $3.99B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Palestra Capital Management's Q3 2020 filing shows 12 new, 9 increased, 7 reduced and 9 closed positions. Its largest new stake was CarMax: 1,969,685 shares worth $181M. The largest sale was Charter Communications, an estimated $232M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Palestra Capital Management's largest Q3 2020 buy was CarMax: 1,969,685 shares worth $181M.
- Palestra Capital Management added most to DISH Network Corp. in Q3 2020, an estimated $102M increase.
- Palestra Capital Management's biggest Q3 2020 reduction was Charter Communications, cutting an estimated $232M.
- Palestra Capital Management fully exited Dollar Tree in Q3 2020, selling an estimated $181M.
- Palestra Capital Management's ten largest holdings make up 52% of its $4.3B portfolio in Q3 2020.
- Palestra Capital Management opened 12 new positions and closed 9 in Q3 2020.
- Palestra Capital Management's portfolio value rose 7.7% quarter-over-quarter to $4.3B.
Based on Palestra Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.