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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
+10.67%
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
$1.15B
AUM Growth
-$25.4M
Cap. Flow
-$103M
Cap. Flow %
-9%
Top 10 Hldgs %
47.5%
Holding
41
New
10
Increased
5
Reduced
13
Closed
13

Top Buys

Rank Stock Value
1
CHTR icon
Charter Communications
CHTR
+$56.9M
2
LBTYA icon
Liberty Global Class A
LBTYA
+$51.1M
3
SEE
Sealed Air
SEE
+$47.9M
4
LAD icon
Lithia Motors
LAD
+$47.7M
5
AAL icon
American Airlines Group
AAL
+$40.9M

Top Sells

Rank Stock Value
1
TRP icon
TC Energy
TRP
+$43.6M
2
UAL icon
United Airlines
UAL
+$39.1M
3
ABG icon
Asbury Automotive
ABG
+$39.1M
4
DG icon
Dollar General
DG
+$36.2M
5
AAP icon
Advance Auto Parts
AAP
+$33.2M

Sector Composition

Rank Sector Weight
1 Communication Services 25.58%
2 Consumer Discretionary 17.67%
3 Industrials 16.78%
4 Technology 8.92%
5 Financials 8.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHTR icon
1
Charter Communications
CHTR
$14.7B
$59.9M 5.23%
+359,750
New +$56.9M
LPLA icon
2
LPL Financial
LPLA
$26.3B
$57.9M 5.05%
1,300,161
+509,000
+64% +$21.9M
MHK icon
3
Mohawk Industries
MHK
$6.9B
$57.5M 5.02%
370,200
-74,800
-17% -$10.8M
GOOG icon
4
Alphabet (Google) Class C
GOOG
$3.9T
$55.8M 4.87%
2,122,211
+554,519
+35% +$14.9M
LBTYA icon
5
Liberty Global Class A
LBTYA
$3.31B
$55.2M 4.82%
+1,332,502
New +$51.1M
SEE
6
DELISTED
Sealed Air
SEE
$54.1M 4.72%
+1,275,000
New +$47.9M
LAD icon
7
Lithia Motors
LAD
$7.78B
$53.4M 4.66%
+616,000
New +$47.7M
AAL icon
8
American Airlines Group
AAL
$9.58B
$50.9M 4.45%
+949,800
New +$40.9M
MON
9
DELISTED
Monsanto Co
MON
$50.8M 4.43%
424,984
-45,000
-10% -$5.23M
SBAC icon
10
SBA Communications
SBAC
$18.4B
$48.7M 4.25%
439,900
-45,100
-9% -$5.07M
ANDV
11
DELISTED
Andeavor
ANDV
$43.9M 3.83%
591,000
+266,000
+82% +$18.8M
BIDU icon
12
Baidu
BIDU
$35.8B
$43M 3.75%
188,600
-75,900
-29% -$17.4M
MHFI
13
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$42.6M 3.71%
478,300
-353,000
-42% -$31M
GPN icon
14
Global Payments
GPN
$22.1B
$41M 3.58%
1,016,110
-204,000
-17% -$8.17M
MU icon
15
Micron Technology
MU
$1.04T
$40.2M 3.5%
1,146,915
+47,300
+4% +$1.57M
CDNS icon
16
Cadence Design Systems
CDNS
$90B
$40M 3.49%
2,110,666
+231,000
+12% +$4.15M
TFCF
17
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$38.4M 3.35%
1,041,845
-205,000
-16% -$6.99M
ALLE icon
18
Allegion
ALLE
$13B
$37.6M 3.28%
678,690
-158,000
-19% -$8.2M
AAP icon
19
Advance Auto Parts
AAP
$3.37B
$37.4M 3.27%
235,080
-225,900
-49% -$33.2M
CMCSA icon
20
Comcast
CMCSA
$79.1B
$36.5M 3.19%
1,258,664
-422,000
-25% -$11.6M
APD icon
21
Air Products & Chemicals
APD
$66.3B
$36M 3.14%
+269,601
New +$34.1M
CHL
22
DELISTED
China Mobile Limited
CHL
$34.9M 3.05%
+593,200
New +$35.5M
CDK
23
DELISTED
CDK Global, Inc.
CDK
$32.7M 2.85%
+801,283
New +$28.4M
SEMG
24
DELISTED
SEMGROUP CORPORATION
SEMG
$30.3M 2.64%
443,139
-314,800
-42% -$23.2M
CP icon
25
Canadian Pacific Kansas City
CP
$82B
$30M 2.62%
780,020
-62,500
-7% -$2.47M
1
2

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Palestra Capital Management's Q4 2014 Portfolio in Review

As of Q4 2014, Palestra Capital Management held 41 positions worth $1.15B, down 2.2% from $1.17B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Palestra Capital Management withdrew a net $103M in Q4 2014, closing 13 positions and reducing 13 holdings. Its most notable exit was TC Energy, an estimated $43.6M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 26% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Palestra Capital Management opened a new position in Charter Communications worth $59.9M.

  • Palestra Capital Management's largest Q4 2014 buy was Charter Communications: 359,750 shares worth $59.9M.
  • Palestra Capital Management added most to LPL Financial in Q4 2014, an estimated $21.9M increase.
  • Palestra Capital Management's biggest Q4 2014 reduction was Advance Auto Parts, cutting an estimated $33.2M.
  • Palestra Capital Management fully exited TC Energy in Q4 2014, selling an estimated $43.6M.
  • Palestra Capital Management's ten largest holdings make up 47% of its $1.15B portfolio in Q4 2014.
  • Palestra Capital Management opened 10 new positions and closed 13 in Q4 2014.
  • Palestra Capital Management's portfolio value fell 2.2% quarter-over-quarter to $1.15B.

Based on Palestra Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.