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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
+0.53%
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
$4.71B
AUM Growth
+$67M
Cap. Flow
+$189M
Cap. Flow %
4.02%
Top 10 Hldgs %
59.51%
Holding
44
New
9
Increased
11
Reduced
6
Closed
11

Top Buys

Rank Stock Value
1
RACE icon
Ferrari
RACE
+$184M
2
RH icon
RH
RH
+$171M
3
PLAN
Anaplan, Inc.
PLAN
+$160M
4
CTLT
CATALENT, INC.
CTLT
+$123M
5
VSXY
Victoria's Secret
VSXY
+$115M

Top Sells

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$218M
2
AMZN icon
Amazon
AMZN
+$145M
3
CIT
CIT Group Inc.
CIT
+$143M
4
BBWI icon
Bath & Body Works
BBWI
+$95.3M
5
TWLO icon
Twilio
TWLO
+$91M

Sector Composition

Rank Sector Weight
1 Technology 33.86%
2 Communication Services 22.09%
3 Consumer Discretionary 21.83%
4 Healthcare 9.56%
5 Financials 8.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DISH
26
CALL
DELISTED
DISH Network Corp.
DISH
$31.8M 0.68%
732,500
– –
CZOO
27
DELISTED
Cazoo Group Ltd
CZOO
$15.5M 0.33%
+1,000
New +$18.7M
GSEV
28
DELISTED
Gores Holdings VII, Inc. Class A Common Stock
GSEV
$2.47M 0.05%
250,895
– –
CONXW
29
DELISTED
CONX Corp. Warrant
CONXW
$1.15M 0.02%
1,000,000
– –
CCVI.WS
30
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
$820K 0.02%
683,731
– –
HMCOW
31
DELISTED
HumanCo Acquisition Corp. Warrant
HMCOW
$446K 0.01%
450,000
– –
BSLKW
32
DELISTED
Bolt Projects Holdings Warrant
BSLKW
$170K ﹤0.01%
332,666
– –
GSEVW
33
DELISTED
Gores Holdings VII, Inc. Warrant
GSEVW
$37K ﹤0.01%
31,190
– –
AMZN icon
34
Amazon
AMZN
$2.96T
– –
-845,300
Closed -$145M
GFL icon
35
GFL Environmental
GFL
$14.9B
– –
-2,387,767
Closed -$76.2M
NSC icon
36
Norfolk Southern
NSC
$75.1B
– –
-821,500
Closed -$218M
PARA
37
PUT
DELISTED
Paramount Global Class B
PARA
– –
-247,000
Closed -$11.2M
TWLO icon
38
Twilio
TWLO
$36.6B
– –
-230,995
Closed -$91M
BSLK
39
DELISTED
Bolt Projects Holdings
BSLK
– –
-49,900
Closed -$9.63M
XYZ
40
Block Inc
XYZ
$47.5B
– –
-225,352
Closed -$54.9M
FTAAU
41
DELISTED
FTAC Athena Acquisition Corp. Unit
FTAAU
– –
-502,110
Closed -$5.12M
DISCK
42
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
– –
-867,000
Closed -$25.1M
NUAN
43
DELISTED
Nuance Communications, Inc.
NUAN
– –
-1,019,352
Closed -$55.5M
CIT
44
DELISTED
CIT Group Inc.
CIT
– –
-2,777,569
Closed -$143M
1
2

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RG
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ECP
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GFA
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LS
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AAS
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Palestra Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Palestra Capital Management held 44 positions worth $4.71B, up 1.4% from $4.64B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Palestra Capital Management deployed $189M of net new capital in Q3 2021, opening 9 new positions and adding to 11 existing holdings. Its largest new stake was Ferrari: 855,770 shares worth $179M.

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

On the sell side, the largest reduction was Bath & Body Works, an estimated $95.3M trimmed.

  • Palestra Capital Management's largest Q3 2021 buy was Ferrari: 855,770 shares worth $179M.
  • Palestra Capital Management added most to Workday in Q3 2021, an estimated $106M increase.
  • Palestra Capital Management's biggest Q3 2021 reduction was Bath & Body Works, cutting an estimated $95.3M.
  • Palestra Capital Management fully exited Norfolk Southern in Q3 2021, selling an estimated $218M.
  • Palestra Capital Management's ten largest holdings make up 60% of its $4.71B portfolio in Q3 2021.
  • Palestra Capital Management opened 9 new positions and closed 11 in Q3 2021.
  • Palestra Capital Management's portfolio value rose 1.4% quarter-over-quarter to $4.71B.

Based on Palestra Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.