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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
+24.06%
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
$5.08B
AUM Growth
+$781M
(+18%)
Cap. Flow
+$45.3M
Cap. Flow
% of AUM
0.89%
Top 10 Holdings %
Top 10 Hldgs %
53.33%
Holding
38
New
9
Increased
11
Reduced
10
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$173M |
| 2 |
Analog Devices
ADI
|
+$150M |
| 3 |
Advanced Micro Devices
AMD
|
+$144M |
| 4 |
Target
TGT
|
+$119M |
| 5 |
CIT
CIT Group Inc.
CIT
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CarMax
KMX
|
+$184M |
| 2 |
Alibaba
BABA
|
+$166M |
| 3 |
Global Payments
GPN
|
+$134M |
| 4 |
Entegris
ENTG
|
+$128M |
| 5 |
TSMC
TSM
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.18% |
| 2 | Communication Services | 22.53% |
| 3 | Consumer Discretionary | 15.06% |
| 4 | Healthcare | 7.81% |
| 5 | Financials | 6.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DISH
26
CALL
DELISTED
DISH Network Corp.
DISH
| $48.5M | 0.96% |
1,500,000
+100,000
| +7% | +$3.08M |
|
|
CONXU
27
DELISTED
CONX Corp. Unit
CONXU
| $41.8M | 0.82% |
+4,000,000
| New | +$40.6M |
|
28
First Citizens BancShares
FCNCA
$25.3B
| $31.4M | 0.62% |
+54,630
| New | +$27.5M |
|
|
HMCOU
29
DELISTED
HumanCo Acquisition Corp. Unit
HMCOU
| $9.92M | 0.2% |
+900,000
| New | +$9.99M |
|
|
30
CarMax
KMX
$8.26B
| $1.04M | 0.02% |
11,000
-1,958,685
| -99% | -$184M |
|
|
31
Alibaba
BABA
$308B
| – | – |
-564,740
| Closed | -$166M |
|
32
Charter Communications
CHTR
$18.2B
| – | – |
-48,379
| Closed | -$30.2M |
|
|
33
Entegris
ENTG
$23.2B
| – | – |
-1,727,877
| Closed | -$128M |
|
|
34
Global Payments
GPN
$22.8B
| – | – |
-756,883
| Closed | -$134M |
|
35
L3Harris
LHX
$53.4B
| – | – |
-266,194
| Closed | -$45.2M |
|
36
Outfront Media
OUT
$5.5B
| – | – |
-5,490,623
| Closed | -$78.6M |
|
|
37
TSMC
TSM
$2.18T
| – | – |
-1,407,718
| Closed | -$114M |
|
|
XYZ
38
Block Inc
XYZ
$47.5B
| – | – |
-672,345
| Closed | -$109M |
|
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Palestra Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Palestra Capital Management held 38 positions worth $5.08B, up 18% from $4.3B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Palestra Capital Management's Q4 2020 filing shows 9 new, 11 increased, 10 reduced and 8 closed positions. Its largest new stake was Las Vegas Sands: 3,239,329 shares worth $193M. The largest sale was CarMax, an estimated $184M.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Palestra Capital Management's largest Q4 2020 buy was Las Vegas Sands: 3,239,329 shares worth $193M.
- Palestra Capital Management added most to Liberty Broadband Class C in Q4 2020, an estimated $106M increase.
- Palestra Capital Management's biggest Q4 2020 reduction was CarMax, cutting an estimated $184M.
- Palestra Capital Management fully exited Alibaba in Q4 2020, selling an estimated $166M.
- Palestra Capital Management's ten largest holdings make up 53% of its $5.08B portfolio in Q4 2020.
- Palestra Capital Management opened 9 new positions and closed 8 in Q4 2020.
- Palestra Capital Management's portfolio value rose 18% quarter-over-quarter to $5.08B.
Based on Palestra Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.