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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
+1.31%
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
$2.53B
AUM Growth
-$151M
(-5.6%)
Cap. Flow
-$163M
Cap. Flow
% of AUM
-6.43%
Top 10 Holdings %
Top 10 Hldgs %
48.52%
Holding
41
New
5
Increased
13
Reduced
10
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Capital One
COF
|
+$95.4M |
| 2 |
CRH
CRH
|
+$74.9M |
| 3 |
Trane Technologies
TT
|
+$72.8M |
| 4 |
Applovin
APP
|
+$71.3M |
| 5 |
Intuit
INTU
|
+$68.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DFS
Discover Financial Services
DFS
|
+$121M |
| 2 |
Lamb Weston
LW
|
+$115M |
| 3 |
Constellation Brands
STZ
|
+$113M |
| 4 |
Intel
INTC
|
+$96.6M |
| 5 |
Progressive
PGR
|
+$76.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.93% |
| 2 | Communication Services | 22.56% |
| 3 | Financials | 15.57% |
| 4 | Consumer Discretionary | 12.07% |
| 5 | Industrials | 10.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Micron Technology
MU
$991B
| $28.5M | 1.12% |
+216,664
| New | +$27.3M |
|
27
Dollar Tree
DLTR
$25.2B
| $23.9M | 0.94% |
223,700
| – | – |
|
28
GE Vernova
GEV
$264B
| $21.6M | 0.85% |
+125,934
| New | +$20M |
|
|
ECHO
29
EchoStar
ECHO
$26.2B
| $12.8M | 0.5% |
717,139
| – | – |
|
30
Lumen
LUMN
$6.44B
| $12.3M | 0.48% |
11,167,585
| – | – |
|
31
Sherwin-Williams
SHW
$89.8B
| $5.13M | 0.2% |
17,191
+6,078
| +55% | +$1.88M |
|
|
32
Progressive
PGR
$125B
| $4.37M | 0.17% |
21,058
-366,757
| -95% | -$76.8M |
|
33
LPL Financial
LPLA
$28.6B
| $4.01M | 0.16% |
14,362
+6,162
| +75% | +$1.67M |
|
34
Advanced Micro Devices
AMD
$789B
| – | – |
-29,853
| Closed | -$5.39M |
|
35
Cadence Design Systems
CDNS
$93.4B
| – | – |
-36,863
| Closed | -$11.5M |
|
|
DFS
36
DELISTED
Discover Financial Services
DFS
| – | – |
-921,858
| Closed | -$121M |
|
37
CALL
Alphabet (Google) Class A
GOOGL
$4.33T
| – | – |
-514,700
| Closed | -$77.7M |
|
|
38
Intel
INTC
$513B
| – | – |
-2,186,523
| Closed | -$96.6M |
|
|
39
Lamb Weston
LW
$7.19B
| – | – |
-1,081,819
| Closed | -$115M |
|
40
Moody's
MCO
$82.7B
| – | – |
-2,700
| Closed | -$1.06M |
|
|
41
Constellation Brands
STZ
$23.2B
| – | – |
-414,990
| Closed | -$113M |
|
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Palestra Capital Management's Q2 2024 Portfolio in Review
As of Q2 2024, Palestra Capital Management held 41 positions worth $2.53B, down 5.6% from $2.68B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Palestra Capital Management withdrew a net $163M in Q2 2024, closing 8 positions and reducing 10 holdings. Its most notable exit was Discover Financial Services, an estimated $121M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Palestra Capital Management opened a new position in Capital One worth $94.1M.
- Palestra Capital Management's largest Q2 2024 buy was Capital One: 679,927 shares worth $94.1M.
- Palestra Capital Management added most to CRH in Q2 2024, an estimated $74.9M increase.
- Palestra Capital Management's biggest Q2 2024 reduction was Progressive, cutting an estimated $76.8M.
- Palestra Capital Management fully exited Discover Financial Services in Q2 2024, selling an estimated $121M.
- Palestra Capital Management's ten largest holdings make up 49% of its $2.53B portfolio in Q2 2024.
- Palestra Capital Management opened 5 new positions and closed 8 in Q2 2024.
- Palestra Capital Management's portfolio value fell 5.6% quarter-over-quarter to $2.53B.
Based on Palestra Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.