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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
+13.82%
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
$2.02B
AUM Growth
+$164M
Cap. Flow
-$75.2M
Cap. Flow %
-3.71%
Top 10 Hldgs %
51.21%
Holding
31
New
8
Increased
6
Reduced
13
Closed
4

Top Buys

Rank Stock Value
1
PGR icon
Progressive
PGR
+$82.1M
2
WWE
World Wrestling Entertainment
WWE
+$62.2M
3
EFX icon
Equifax
EFX
+$58.9M
4
LEN icon
Lennar Class A
LEN
+$52.4M
5
TSM icon
TSMC
TSM
+$46.5M

Top Sells

Rank Stock Value
1
CLX icon
Clorox
CLX
+$94M
2
META icon
Meta Platforms (Facebook)
META
+$72.7M
3
APO icon
Apollo Global Management
APO
+$72.7M
4
NFLX icon
Netflix
NFLX
+$51.1M
5
VMC icon
Vulcan Materials
VMC
+$44M

Sector Composition

Rank Sector Weight
1 Technology 29.26%
2 Industrials 16.38%
3 Communication Services 15.47%
4 Financials 14.95%
5 Consumer Discretionary 11.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATI icon
26
ATI
ATI
$31B
$10.3M 0.51%
+233,312
New +$8.93M
LUMN icon
27
Lumen
LUMN
$6.44B
$1.66M 0.08%
+735,000
New +$1.62M
APO icon
28
Apollo Global Management
APO
$73.4B
– –
-1,150,710
Closed -$72.7M
CLX icon
29
Clorox
CLX
$12.7B
– –
-594,142
Closed -$94M
SPOT icon
30
Spotify
SPOT
$100B
– –
-46,000
Closed -$6.15M
CONXW
31
DELISTED
CONX Corp. Warrant
CONXW
– –
-1,000,000
Closed -$181K
1
2

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RG
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Palestra Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Palestra Capital Management held 31 positions worth $2.02B, up 8.8% from $1.86B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Palestra Capital Management withdrew a net $75.2M in Q2 2023, closing 4 positions and reducing 13 holdings. Its most notable exit was Clorox, an estimated $94M position sold in full.

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

Against the trend, Palestra Capital Management opened a new position in Progressive worth $81.1M.

  • Palestra Capital Management's largest Q2 2023 buy was Progressive: 612,483 shares worth $81.1M.
  • Palestra Capital Management added most to Expedia Group in Q2 2023, an estimated $25.1M increase.
  • Palestra Capital Management's biggest Q2 2023 reduction was Meta Platforms (Facebook), cutting an estimated $72.7M.
  • Palestra Capital Management fully exited Clorox in Q2 2023, selling an estimated $94M.
  • Palestra Capital Management's ten largest holdings make up 51% of its $2.02B portfolio in Q2 2023.
  • Palestra Capital Management opened 8 new positions and closed 4 in Q2 2023.
  • Palestra Capital Management's portfolio value rose 8.8% quarter-over-quarter to $2.02B.

Based on Palestra Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.