We are live on
!
Find out more
PCM
Palestra Capital Management Portfolio holdings
AUM
$2.57B
1-Year Est. Return
29.93%
This Fund
S&P 500
This Quarter
Est. Return
+14.32%
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
$2.68B
AUM Growth
+$671M
(+33%)
Cap. Flow
+$353M
Cap. Flow
% of AUM
13.15%
Top 10 Holdings %
Top 10 Hldgs %
47.92%
Holding
38
New
14
Increased
9
Reduced
11
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lamb Weston
LW
|
+$113M |
| 2 |
Intel
INTC
|
+$97.4M |
| 3 |
Apollo Global Management
APO
|
+$70.2M |
| 4 |
Live Nation Entertainment
LYV
|
+$69.5M |
| 5 |
Booking.com
BKNG
|
+$67.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Progressive
PGR
|
+$84.3M |
| 2 |
CRH
CRH
|
+$54.9M |
| 3 |
Vulcan Materials
VMC
|
+$54M |
| 4 |
TSMC
TSM
|
+$53.4M |
| 5 |
GE Aerospace
GE
|
+$51.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.91% |
| 2 | Communication Services | 19.86% |
| 3 | Financials | 18.64% |
| 4 | Consumer Staples | 13.28% |
| 5 | Consumer Discretionary | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Charter Communications
CHTR
$18.2B
| $31.4M | 1.17% |
108,200
+26,500
| +32% | +$8.52M |
|
27
Dollar Tree
DLTR
$25.2B
| $29.8M | 1.11% |
223,700
| – | – |
|
28
ASML
ASML
$669B
| $29.6M | 1.1% |
+30,475
| New | +$27M |
|
29
Lumen
LUMN
$6.44B
| $17.4M | 0.65% |
11,167,585
| – | – |
|
30
NVIDIA
NVDA
$5.42T
| $15M | 0.56% |
+166,500
| New | +$12.1M |
|
31
Cadence Design Systems
CDNS
$93.4B
| $11.5M | 0.43% |
+36,863
| New | +$10.9M |
|
|
ECHO
32
EchoStar
ECHO
$26.2B
| $10.2M | 0.38% |
+717,139
| New | +$10M |
|
33
Advanced Micro Devices
AMD
$789B
| $5.39M | 0.2% |
+29,853
| New | +$5.22M |
|
34
Sherwin-Williams
SHW
$89.8B
| $3.86M | 0.14% |
+11,113
| New | +$3.54M |
|
35
LPL Financial
LPLA
$28.6B
| $2.17M | 0.08% |
+8,200
| New | +$2.07M |
|
36
Moody's
MCO
$82.7B
| $1.06M | 0.04% |
+2,700
| New | +$1.04M |
|
|
37
TSMC
TSM
$2.18T
| – | – |
-513,351
| Closed | -$53.4M |
|
|
DISH
38
DELISTED
DISH Network Corp.
DISH
| – | – |
-2,043,850
| Closed | -$11.8M |
|
Similar funds
HWA
DCM
RG
ECP
GFA
LS
AAS
LC
Palestra Capital Management's Q1 2024 Portfolio in Review
As of Q1 2024, Palestra Capital Management held 38 positions worth $2.68B, up 33% from $2.01B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Palestra Capital Management deployed $353M of net new capital in Q1 2024, opening 14 new positions and adding to 9 existing holdings. Its largest new stake was Lamb Weston: 1,081,819 shares worth $115M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 25% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Progressive, an estimated $84.3M trimmed.
- Palestra Capital Management's largest Q1 2024 buy was Lamb Weston: 1,081,819 shares worth $115M.
- Palestra Capital Management added most to AT&T in Q1 2024, an estimated $50.8M increase.
- Palestra Capital Management's biggest Q1 2024 reduction was Progressive, cutting an estimated $84.3M.
- Palestra Capital Management fully exited TSMC in Q1 2024, selling an estimated $53.4M.
- Palestra Capital Management's ten largest holdings make up 48% of its $2.68B portfolio in Q1 2024.
- Palestra Capital Management opened 14 new positions and closed 2 in Q1 2024.
- Palestra Capital Management's portfolio value rose 33% quarter-over-quarter to $2.68B.
Based on Palestra Capital Management's 13F filing for Q1 2024, filed 15 May 2024.