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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
+12.6%
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
$4.76B
AUM Growth
-$314M
Cap. Flow
-$641M
Cap. Flow %
-13.46%
Top 10 Hldgs %
55.97%
Holding
45
New
15
Increased
5
Reduced
10
Closed
14

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$209M
2
GM icon
General Motors
GM
+$176M
3
BFH icon
Bread Financial
BFH
+$155M
4
XYZ
Block Inc
XYZ
+$155M
5
ENTG icon
Entegris
ENTG
+$143M

Top Sells

Rank Stock Value
1
STZ icon
Constellation Brands
STZ
+$193M
2
CPAY icon
Corpay
CPAY
+$177M
3
ADI icon
Analog Devices
ADI
+$167M
4
LBRDK icon
Liberty Broadband Class C
LBRDK
+$163M
5
AMD icon
Advanced Micro Devices
AMD
+$153M

Sector Composition

Rank Sector Weight
1 Technology 34.11%
2 Consumer Discretionary 21.06%
3 Communication Services 18.16%
4 Financials 11.51%
5 Industrials 6.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PARA
26
PUT
DELISTED
Paramount Global Class B
PARA
$11.1M 0.23%
+247,000
New +$15.1M
GAMCU
27
DELISTED
Golden Arrow Merger Corp. Unit
GAMCU
$9.95M 0.21%
+1,000,000
New +$9.93M
FTAAU
28
DELISTED
FTAC Athena Acquisition Corp. Unit
FTAAU
$4.99M 0.1%
+498,455
New +$5.16M
GSEVU
29
DELISTED
Gores Holdings VII, Inc. Units
GSEVU
$2.48M 0.05%
+249,230
New +$2.54M
CONXW
30
DELISTED
CONX Corp. Warrant
CONXW
$1.23M 0.03%
+1,000,000
New +$1.77M
HMCOW
31
DELISTED
HumanCo Acquisition Corp. Warrant
HMCOW
$585K 0.01%
+450,000
New +$923K
A icon
32
Agilent Technologies
A
$41.2B
– –
-1,248,452
Closed -$148M
ADI icon
33
Analog Devices
ADI
$190B
– –
-1,128,575
Closed -$167M
AMD icon
34
Advanced Micro Devices
AMD
$789B
– –
-1,668,415
Closed -$153M
AMZN icon
35
Amazon
AMZN
$2.96T
– –
-659,100
Closed -$107M
FCNCA icon
36
First Citizens BancShares
FCNCA
$25.3B
– –
-54,630
Closed -$31.4M
KMX icon
37
CarMax
KMX
$8.26B
– –
-11,000
Closed -$1.04M
LBRDK icon
38
Liberty Broadband Class C
LBRDK
$5.15B
– –
-1,028,805
Closed -$163M
SABR icon
39
Sabre
SABR
$835M
– –
-8,897,213
Closed -$107M
STZ icon
40
Constellation Brands
STZ
$23.2B
– –
-878,918
Closed -$193M
TGT icon
41
Target
TGT
$68B
– –
-716,015
Closed -$126M
CPAY icon
42
Corpay
CPAY
$25.7B
– –
-649,519
Closed -$177M
CONXU
43
DELISTED
CONX Corp. Unit
CONXU
– –
-4,000,000
Closed -$41.8M
HMCOU
44
DELISTED
HumanCo Acquisition Corp. Unit
HMCOU
– –
-900,000
Closed -$9.92M
PLAN
45
DELISTED
Anaplan, Inc.
PLAN
– –
-1,954,568
Closed -$140M
1
2

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RG
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Palestra Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Palestra Capital Management held 45 positions worth $4.76B, down 6.2% from $5.08B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Palestra Capital Management withdrew a net $641M in Q1 2021, closing 14 positions and reducing 10 holdings. Its most notable exit was Constellation Brands, an estimated $193M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Palestra Capital Management opened a new position in Activision Blizzard worth $206M.

  • Palestra Capital Management's largest Q1 2021 buy was Activision Blizzard: 2,218,795 shares worth $206M.
  • Palestra Capital Management added most to Nuance Communications, Inc. in Q1 2021, an estimated $39.4M increase.
  • Palestra Capital Management's biggest Q1 2021 reduction was Alphabet (Google) Class A, cutting an estimated $69.8M.
  • Palestra Capital Management fully exited Constellation Brands in Q1 2021, selling an estimated $193M.
  • Palestra Capital Management's ten largest holdings make up 56% of its $4.76B portfolio in Q1 2021.
  • Palestra Capital Management opened 15 new positions and closed 14 in Q1 2021.
  • Palestra Capital Management's portfolio value fell 6.2% quarter-over-quarter to $4.76B.

Based on Palestra Capital Management's 13F filing for Q1 2021, filed 17 May 2021.