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Palestra Capital Management Portfolio holdings

AUM $2.95B
1-Year Est. Return 61.62%
This Fund
S&P 500
This Quarter Est. Return
+0.61%
1 Year Est. Return
+61.62%
3 Year Est. Return
+236.18%
5 Year Est. Return
+265.73%
10 Year Est. Return
+1,338.87%
AUM
$1.17B
AUM Growth
-$40.8M
Cap. Flow
+$72.8M
Cap. Flow %
6.21%
Top 10 Hldgs %
47.12%
Holding
42
New
12
Increased
10
Reduced
8
Closed
11

Top Buys

Rank Stock Value
1
SBAC icon
SBA Communications
SBAC
+$52.4M
2
TRP icon
TC Energy
TRP
+$43.8M
3
GPN icon
Global Payments
GPN
+$43.6M
4
UAL icon
United Airlines
UAL
+$38.8M
5
DG icon
Dollar General
DG
+$35.5M

Top Sells

Rank Stock Value
1
APC
Anadarko Petroleum
APC
+$47.6M
2
BPOP icon
Popular Inc
BPOP
+$40.3M
3
ZBRA icon
Zebra Technologies
ZBRA
+$39.3M
4
AAL icon
American Airlines Group
AAL
+$38.7M
5
HRB icon
H&R Block
HRB
+$31.4M

Sector Composition

Rank Sector Weight
1 Communication Services 20.23%
2 Consumer Discretionary 13.59%
3 Industrials 13.37%
4 Energy 10.81%
5 Technology 10.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MHFI
1
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$70.2M 5.99%
831,300
+19,100
+2% +$1.57M
SEMG
2
DELISTED
SEMGROUP CORPORATION
SEMG
$63.1M 5.39%
757,939
+19,800
+3% +$1.63M
AAP icon
3
Advance Auto Parts
AAP
$2.57B
$60.1M 5.13%
460,980
+78,928
+21% +$10.3M
MHK icon
4
Mohawk Industries
MHK
$8.79B
$60M 5.12%
445,000
+176,200
+66% +$24.2M
BIDU icon
5
Baidu
BIDU
$31.6B
$57.7M 4.93%
264,500
+79,700
+43% +$16.9M
SBAC icon
6
SBA Communications
SBAC
$20B
$53.8M 4.59%
+485,000
New +$52.4M
MON
7
DELISTED
Monsanto Co
MON
$52.9M 4.51%
469,984
+18,600
+4% +$2.17M
GOOG icon
8
Alphabet (Google) Class C
GOOG
$4.1T
$45.3M 3.87%
1,567,692
+204,560
+15% +$5.92M
CMCSA icon
9
Comcast
CMCSA
$93.4B
$45.2M 3.86%
1,680,664
+222,800
+15% +$6.1M
TRP icon
10
TC Energy
TRP
$66.1B
$43.6M 3.73%
+847,000
New +$43.8M
GPN icon
11
Global Payments
GPN
$23.7B
$42.6M 3.64%
+1,220,110
New +$43.6M
TFCF
12
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$41.5M 3.55%
1,246,845
+230,700
+23% +$7.78M
ALLE icon
13
Allegion
ALLE
$13.3B
$39.9M 3.4%
836,690
-18,430
-2% -$966K
UAL icon
14
United Airlines
UAL
$35.1B
$39.1M 3.34%
+835,494
New +$38.8M
ABG icon
15
Asbury Automotive
ABG
$3.82B
$39.1M 3.34%
606,651
+73,351
+14% +$5.06M
MU icon
16
Micron Technology
MU
$1.13T
$37.7M 3.22%
1,099,615
-346,200
-24% -$11.2M
LPLA icon
17
LPL Financial
LPLA
$27.6B
$36.4M 3.11%
791,161
-46,239
-6% -$2.23M
DG icon
18
Dollar General
DG
$28.2B
$36.2M 3.09%
+593,000
New +$35.5M
CP icon
19
Canadian Pacific Kansas City
CP
$80.1B
$35M 2.99%
842,520
-426,460
-34% -$16.7M
CDNS icon
20
Cadence Design Systems
CDNS
$78.2B
$32.3M 2.76%
1,879,666
-289,734
-13% -$5.03M
NFLX icon
21
Netflix
NFLX
$320B
$32M 2.74%
+4,970,560
New +$32.2M
STZ icon
22
Constellation Brands
STZ
$20.7B
$31.4M 2.68%
360,000
-146,200
-29% -$12.7M
CCI icon
23
Crown Castle
CCI
$32.3B
$29M 2.48%
360,000
-184,577
-34% -$14.3M
SUNE
24
DELISTED
SUNEDISON, INC COM
SUNE
$26.4M 2.25%
+1,395,900
New +$29.9M
SABR icon
25
Sabre
SABR
$912M
$26.1M 2.23%
+1,455,684
New +$27.4M
1
2

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Palestra Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, Palestra Capital Management held 42 positions worth $1.17B, down 3.4% from $1.21B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Palestra Capital Management deployed $72.8M of net new capital in Q3 2014, opening 12 new positions and adding to 10 existing holdings. Its largest new stake was SBA Communications: 485,000 shares worth $53.8M.

By sector, the portfolio is most concentrated in Communication Services at 20% of assets, up from 12% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Huntsman Corp, an estimated $17.3M trimmed.

  • Palestra Capital Management's largest Q3 2014 buy was SBA Communications: 485,000 shares worth $53.8M.
  • Palestra Capital Management added most to Mohawk Industries in Q3 2014, an estimated $24.2M increase.
  • Palestra Capital Management's biggest Q3 2014 reduction was Huntsman Corp, cutting an estimated $17.3M.
  • Palestra Capital Management fully exited Anadarko Petroleum in Q3 2014, selling an estimated $47.6M.
  • Palestra Capital Management's ten largest holdings make up 47% of its $1.17B portfolio in Q3 2014.
  • Palestra Capital Management opened 12 new positions and closed 11 in Q3 2014.
  • Palestra Capital Management's portfolio value fell 3.4% quarter-over-quarter to $1.17B.

Based on Palestra Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.