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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
+8.03%
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
$3.45B
AUM Growth
-$1.26B
Cap. Flow
-$1.33B
Cap. Flow %
-38.39%
Top 10 Hldgs %
68.62%
Holding
43
New
10
Increased
3
Reduced
8
Closed
15

Top Buys

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$177M
2
VMC icon
Vulcan Materials
VMC
+$174M
3
TEL icon
TE Connectivity
TEL
+$154M
4
AMZN icon
Amazon
AMZN
+$139M
5
DD icon
DuPont de Nemours
DD
+$124M

Top Sells

Rank Stock Value
1
BFH icon
Bread Financial
BFH
+$355M
2
UBER icon
Uber
UBER
+$216M
3
ATVI
Activision Blizzard
ATVI
+$215M
4
PAGS icon
PagSeguro Digital
PAGS
+$185M
5
RH icon
RH
RH
+$166M

Sector Composition

Rank Sector Weight
1 Technology 24.73%
2 Consumer Discretionary 22.73%
3 Communication Services 17.68%
4 Materials 12.71%
5 Industrials 9.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HMCOW
26
DELISTED
HumanCo Acquisition Corp. Warrant
HMCOW
$338K 0.01%
450,000
– –
BSLKW
27
DELISTED
Bolt Projects Holdings Warrant
BSLKW
$166K ﹤0.01%
332,666
– –
GSEVW
28
DELISTED
Gores Holdings VII, Inc. Warrant
GSEVW
$43K ﹤0.01%
31,190
– –
OPTU
29
Optimum Communications Inc
OPTU
$301M
– –
-6,669,586
Closed -$138M
BFH icon
30
Bread Financial
BFH
$4.38B
– –
-4,403,675
Closed -$355M
GLBE icon
31
Global E Online
GLBE
$7.11B
– –
-1,065,000
Closed -$76.5M
GM icon
32
General Motors
GM
$76.8B
– –
-3,101,592
Closed -$163M
PAGS icon
33
PagSeguro Digital
PAGS
$2.55B
– –
-3,571,755
Closed -$185M
RH icon
34
RH
RH
$3.71B
– –
-248,565
Closed -$166M
SNAP icon
35
Snap
SNAP
$9.01B
– –
-2,223,675
Closed -$164M
UBER icon
36
Uber
UBER
$153B
– –
-4,814,017
Closed -$216M
VSXY
37
Victoria's Secret
VSXY
$7.83B
– –
-1,894,193
Closed -$105M
Z icon
38
Zillow
Z
$7.56B
– –
-450,000
Closed -$39.7M
CTLT
39
DELISTED
CATALENT, INC.
CTLT
– –
-985,000
Closed -$131M
CZOO
40
DELISTED
Cazoo Group Ltd
CZOO
– –
-1,000
Closed -$15.5M
CCVI
41
DELISTED
Churchill Capital Corp VI
CCVI
– –
-3,461,260
Closed -$33.8M
ATVI
42
CALL
DELISTED
Activision Blizzard
ATVI
– –
-650,000
Closed -$50.3M
ATVI
43
DELISTED
Activision Blizzard
ATVI
– –
-2,778,365
Closed -$215M
1
2

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Palestra Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Palestra Capital Management held 43 positions worth $3.45B, down 27% from $4.71B the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Palestra Capital Management withdrew a net $1.33B in Q4 2021, closing 15 positions and reducing 8 holdings. Its most notable exit was Bread Financial, an estimated $355M position sold in full.

By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 34% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Palestra Capital Management opened a new position in Norfolk Southern worth $188M.

  • Palestra Capital Management's largest Q4 2021 buy was Norfolk Southern: 632,310 shares worth $188M.
  • Palestra Capital Management added most to Expedia Group in Q4 2021, an estimated $33M increase.
  • Palestra Capital Management's biggest Q4 2021 reduction was Anaplan, Inc., cutting an estimated $143M.
  • Palestra Capital Management fully exited Bread Financial in Q4 2021, selling an estimated $355M.
  • Palestra Capital Management's ten largest holdings make up 69% of its $3.45B portfolio in Q4 2021.
  • Palestra Capital Management opened 10 new positions and closed 15 in Q4 2021.
  • Palestra Capital Management's portfolio value fell 27% quarter-over-quarter to $3.45B.

Based on Palestra Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.