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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
-3%
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
$1.89B
AUM Growth
-$130M
Cap. Flow
-$75.4M
Cap. Flow %
-3.98%
Top 10 Hldgs %
60.97%
Holding
33
New
6
Increased
12
Reduced
5
Closed
10

Top Buys

Rank Stock Value
1
DFS
Discover Financial Services
DFS
+$93.9M
2
ATI icon
ATI
ATI
+$87M
3
AMZN icon
Amazon
AMZN
+$83.9M
4
THO icon
Thor Industries
THO
+$74.9M
5
CRM icon
Salesforce
CRM
+$49.7M

Top Sells

Rank Stock Value
1
SAIA icon
Saia
SAIA
+$87.5M
2
EXPE icon
Expedia Group
EXPE
+$82.8M
3
CSX icon
CSX Corp
CSX
+$82.1M
4
EFX icon
Equifax
EFX
+$65.8M
5
WWE
World Wrestling Entertainment
WWE
+$65.2M

Sector Composition

Rank Sector Weight
1 Technology 31.23%
2 Financials 18.51%
3 Communication Services 14.21%
4 Consumer Discretionary 12.21%
5 Industrials 9.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EFX icon
26
Equifax
EFX
$21.4B
– –
-279,740
Closed -$65.8M
EXPE icon
27
Expedia Group
EXPE
$37.3B
– –
-757,102
Closed -$82.8M
HLN icon
28
Haleon
HLN
$44.2B
– –
-7,418,956
Closed -$62.2M
LEN icon
29
Lennar Class A
LEN
$21.2B
– –
-480,345
Closed -$58.3M
NFLX icon
30
Netflix
NFLX
$309B
– –
-700,000
Closed -$30.8M
SAIA icon
31
Saia
SAIA
$9.72B
– –
-255,663
Closed -$87.5M
WDAY icon
32
Workday
WDAY
$44.4B
– –
-283,791
Closed -$64.1M
WWE
33
DELISTED
World Wrestling Entertainment
WWE
– –
-601,457
Closed -$65.2M
1
2

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RG
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LS
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Palestra Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Palestra Capital Management held 33 positions worth $1.89B, down 6.4% from $2.02B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Palestra Capital Management withdrew a net $75.4M in Q3 2023, closing 10 positions and reducing 5 holdings. Its most notable exit was Saia, an estimated $87.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Palestra Capital Management opened a new position in Discover Financial Services worth $81.9M.

  • Palestra Capital Management's largest Q3 2023 buy was Discover Financial Services: 945,000 shares worth $81.9M.
  • Palestra Capital Management added most to ATI in Q3 2023, an estimated $87M increase.
  • Palestra Capital Management's biggest Q3 2023 reduction was Intuit, cutting an estimated $29.3M.
  • Palestra Capital Management fully exited Saia in Q3 2023, selling an estimated $87.5M.
  • Palestra Capital Management's ten largest holdings make up 61% of its $1.89B portfolio in Q3 2023.
  • Palestra Capital Management opened 6 new positions and closed 10 in Q3 2023.
  • Palestra Capital Management's portfolio value fell 6.4% quarter-over-quarter to $1.89B.

Based on Palestra Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.