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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
+18.47%
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
$1.86B
AUM Growth
+$39.4M
Cap. Flow
-$186M
Cap. Flow %
-10.01%
Top 10 Hldgs %
59.09%
Holding
29
New
12
Increased
1
Reduced
9
Closed
6

Top Buys

Rank Stock Value
1
CSX icon
CSX Corp
CSX
+$113M
2
CRM icon
Salesforce
CRM
+$104M
3
CLX icon
Clorox
CLX
+$89.1M
4
PFGC icon
Performance Food Group
PFGC
+$83.5M
5
ALL icon
Allstate
ALL
+$78.6M

Top Sells

Rank Stock Value
1
UNP icon
Union Pacific
UNP
+$126M
2
RACE icon
Ferrari
RACE
+$109M
3
FIS icon
Fidelity National Information Services
FIS
+$99.7M
4
AVTR icon
Avantor
AVTR
+$89.9M
5
MSFT icon
Microsoft
MSFT
+$89.6M

Sector Composition

Rank Sector Weight
1 Technology 26.56%
2 Communication Services 18.23%
3 Financials 17.45%
4 Industrials 12.66%
5 Consumer Staples 9.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JCI icon
26
Johnson Controls International
JCI
$92.2B
– –
-1,301,087
Closed -$83.3M
LVS icon
27
Las Vegas Sands
LVS
$29.6B
– –
-1,747,057
Closed -$84M
RACE icon
28
Ferrari
RACE
$72.5B
– –
-506,828
Closed -$109M
UNP icon
29
Union Pacific
UNP
$174B
– –
-607,312
Closed -$126M
1
2

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Palestra Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Palestra Capital Management held 29 positions worth $1.86B, up 2.2% from $1.82B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Palestra Capital Management withdrew a net $186M in Q1 2023, closing 6 positions and reducing 9 holdings. Its most notable exit was Union Pacific, an estimated $126M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 29% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Palestra Capital Management opened a new position in CSX Corp worth $110M.

  • Palestra Capital Management's largest Q1 2023 buy was CSX Corp: 3,669,012 shares worth $110M.
  • Palestra Capital Management added most to Apollo Global Management in Q1 2023, an estimated $22.7M increase.
  • Palestra Capital Management's biggest Q1 2023 reduction was Microsoft, cutting an estimated $89.6M.
  • Palestra Capital Management fully exited Union Pacific in Q1 2023, selling an estimated $126M.
  • Palestra Capital Management's ten largest holdings make up 59% of its $1.86B portfolio in Q1 2023.
  • Palestra Capital Management opened 12 new positions and closed 6 in Q1 2023.
  • Palestra Capital Management's portfolio value rose 2.2% quarter-over-quarter to $1.86B.

Based on Palestra Capital Management's 13F filing for Q1 2023, filed 15 May 2023.