We are live on ! Find out more
PCM

Palestra Capital Management Portfolio holdings

AUM $2.57B
1-Year Est. Return 29.93%
This Fund
S&P 500
This Quarter Est. Return
+7.46%
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
$4.64B
AUM Growth
-$120M
Cap. Flow
-$431M
Cap. Flow %
-9.28%
Top 10 Hldgs %
61.79%
Holding
44
New
13
Increased
8
Reduced
10
Closed
9

Top Buys

Rank Stock Value
1
BFH icon
Bread Financial
BFH
+$186M
2
WDAY icon
Workday
WDAY
+$152M
3
AMZN icon
Amazon
AMZN
+$140M
4
SNAP icon
Snap
SNAP
+$134M
5
EXPE icon
Expedia Group
EXPE
+$111M

Top Sells

Rank Stock Value
1
NUAN
Nuance Communications, Inc.
NUAN
+$249M
2
BKNG icon
Booking.com
BKNG
+$201M
3
TRU icon
TransUnion
TRU
+$187M
4
CSX icon
CSX Corp
CSX
+$164M
5
LVS icon
Las Vegas Sands
LVS
+$157M

Sector Composition

Rank Sector Weight
1 Technology 30.92%
2 Communication Services 22.93%
3 Consumer Discretionary 17.56%
4 Financials 11.43%
5 Industrials 8.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DISCK
26
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$25.1M 0.54%
867,000
– –
PARA
27
PUT
DELISTED
Paramount Global Class B
PARA
$11.2M 0.24%
247,000
– –
BSLK
28
DELISTED
Bolt Projects Holdings
BSLK
$9.63M 0.21%
+49,900
New +$9.67M
FTAAU
29
DELISTED
FTAC Athena Acquisition Corp. Unit
FTAAU
$5.12M 0.11%
502,110
+3,655
+0.7% +$36.9K
GSEV
30
DELISTED
Gores Holdings VII, Inc. Class A Common Stock
GSEV
$2.48M 0.05%
+250,895
New +$2.49M
CONXW
31
DELISTED
CONX Corp. Warrant
CONXW
$1.35M 0.03%
1,000,000
– –
CCVI.WS
32
DELISTED
Churchill Capital Corp VI Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share
CCVI.WS
$957K 0.02%
+683,731
New +$923K
HMCOW
33
DELISTED
HumanCo Acquisition Corp. Warrant
HMCOW
$536K 0.01%
450,000
– –
BSLKW
34
DELISTED
Bolt Projects Holdings Warrant
BSLKW
$270K 0.01%
+332,666
New +$250K
GSEVW
35
DELISTED
Gores Holdings VII, Inc. Warrant
GSEVW
$43K ﹤0.01%
+31,190
New +$43.6K
BKNG icon
36
Booking.com
BKNG
$161B
– –
-2,157,850
Closed -$201M
CSX icon
37
CSX Corp
CSX
$93.1B
– –
-5,090,610
Closed -$164M
ENTG icon
38
Entegris
ENTG
$23.2B
– –
-1,391,805
Closed -$156M
ETSY icon
39
Etsy
ETSY
$7.85B
– –
-539,800
Closed -$109M
LVS icon
40
Las Vegas Sands
LVS
$29.6B
– –
-2,575,810
Closed -$157M
TRU icon
41
TransUnion
TRU
$15.3B
– –
-2,080,295
Closed -$187M
GAMCU
42
DELISTED
Golden Arrow Merger Corp. Unit
GAMCU
– –
-1,000,000
Closed -$9.95M
CCVI.U
43
DELISTED
Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
– –
-3,459,110
Closed -$34.8M
GSEVU
44
DELISTED
Gores Holdings VII, Inc. Units
GSEVU
– –
-249,230
Closed -$2.48M
1
2

Similar funds

HWA
Heritage Wealth Advisors Richmond, Virginia $2.56B AUM 19.48% 1-Year Est. Return
DCM
Dorsal Capital Management Redwood City, California $2.57B AUM 3.13% 1-Year Est. Return
RG
Rakuten Group Setagaya-Ku, Tokyo, Japan $2.58B AUM 250.19% 1-Year Est. Return
ECP
Electron Capital Partners New York $2.55B AUM 87.77% 1-Year Est. Return
GFA
Gallagher Fiduciary Advisors Rolling Meadows, Illinois $2.58B AUM 8.97% 1-Year Est. Return
LS
Livforsakringsbolaget Skandia Stockholm, Sweden $2.58B AUM 30.64% 1-Year Est. Return
AAS
Ameritas Advisory Services Lincoln, Nebraska $2.58B AUM 18.84% 1-Year Est. Return
LC
L1 Capital Melbourne VIC 3000, Australia $2.55B AUM 80.12% 1-Year Est. Return

Palestra Capital Management's Q2 2021 Portfolio in Review

As of Q2 2021, Palestra Capital Management held 44 positions worth $4.64B, down 2.5% from $4.76B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Palestra Capital Management withdrew a net $431M in Q2 2021, closing 9 positions and reducing 10 holdings. Its most notable exit was Booking.com, an estimated $201M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 34% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Palestra Capital Management opened a new position in Workday worth $151M.

  • Palestra Capital Management's largest Q2 2021 buy was Workday: 632,805 shares worth $151M.
  • Palestra Capital Management added most to Bread Financial in Q2 2021, an estimated $186M increase.
  • Palestra Capital Management's biggest Q2 2021 reduction was Nuance Communications, Inc., cutting an estimated $249M.
  • Palestra Capital Management fully exited Booking.com in Q2 2021, selling an estimated $201M.
  • Palestra Capital Management's ten largest holdings make up 62% of its $4.64B portfolio in Q2 2021.
  • Palestra Capital Management opened 13 new positions and closed 9 in Q2 2021.
  • Palestra Capital Management's portfolio value fell 2.5% quarter-over-quarter to $4.64B.

Based on Palestra Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.