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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
+6.81%
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
$1.14B
AUM Growth
-$8.3M
Cap. Flow
-$68.5M
Cap. Flow %
-6.02%
Top 10 Hldgs %
46.37%
Holding
37
New
9
Increased
7
Reduced
12
Closed
9

Top Buys

Rank Stock Value
1
OPLN
Openlane
OPLN
+$51M
2
LBTYK icon
Liberty Global Class C
LBTYK
+$47.2M
3
UAL icon
United Airlines
UAL
+$46.4M
4
SSNC icon
SS&C Technologies
SSNC
+$45M
5
DLTR icon
Dollar Tree
DLTR
+$43.7M

Top Sells

Rank Stock Value
1
LBTYA icon
Liberty Global Class A
LBTYA
+$55.2M
2
AAL icon
American Airlines Group
AAL
+$50.9M
3
CDNS icon
Cadence Design Systems
CDNS
+$40M
4
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
+$38.4M
5
ALLE icon
Allegion
ALLE
+$37.6M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 27.75%
2 Communication Services 16.26%
3 Industrials 11.04%
4 Technology 9.75%
5 Financials 8.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MON
1
DELISTED
Monsanto Co
MON
$60.3M 5.3%
535,384
+110,400
+26% +$13.1M
LAD icon
2
Lithia Motors
LAD
$7.78B
$58.4M 5.14%
587,850
-28,150
-5% -$2.53M
MHK icon
3
Mohawk Industries
MHK
$6.9B
$57.3M 5.04%
308,567
-61,633
-17% -$10.7M
OPLN
4
Openlane
OPLN
$4.17B
$54M 4.75%
+3,764,190
New +$51M
LBTYK icon
5
Liberty Global Class C
LBTYK
$3.27B
$52.5M 4.62%
1,303,710
+1,192,461
+1,072% +$47.2M
SBAC icon
6
SBA Communications
SBAC
$18.4B
$52.1M 4.58%
444,500
+4,600
+1% +$543K
LPLA icon
7
LPL Financial
LPLA
$26.3B
$49.9M 4.38%
1,136,861
-163,300
-13% -$7.22M
MHFI
8
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$49.2M 4.32%
475,500
-2,800
-0.6% -$275K
SSNC icon
9
SS&C Technologies
SSNC
$17.8B
$47.2M 4.15%
+1,514,800
New +$45M
DLTR icon
10
Dollar Tree
DLTR
$23.1B
$46.7M 4.1%
+575,400
New +$43.7M
UAL icon
11
United Airlines
UAL
$38.4B
$46M 4.05%
+684,547
New +$46.4M
SEMG
12
DELISTED
SEMGROUP CORPORATION
SEMG
$45.7M 4.01%
561,400
+118,261
+27% +$8.47M
CHTR icon
13
Charter Communications
CHTR
$14.7B
$41.9M 3.68%
216,900
-142,850
-40% -$24.8M
CP icon
14
Canadian Pacific Kansas City
CP
$82B
$39.9M 3.51%
1,089,020
+309,000
+40% +$11.4M
GPN icon
15
Global Payments
GPN
$22.1B
$39.7M 3.49%
866,610
-149,500
-15% -$6.67M
MCD icon
16
McDonald's
MCD
$188B
$39.3M 3.46%
+403,600
New +$38.3M
RKT
17
DELISTED
ROCK-TENN COMPANY CL-A
RKT
$38.5M 3.38%
+596,500
New +$39.1M
BIDU icon
18
Baidu
BIDU
$35.8B
$36.9M 3.25%
177,200
-11,400
-6% -$2.44M
GOOG icon
19
Alphabet (Google) Class C
GOOG
$3.9T
$36.9M 3.24%
1,350,337
-771,874
-36% -$20.7M
SABR icon
20
Sabre
SABR
$656M
$36.2M 3.19%
1,491,196
+406,200
+37% +$8.7M
AAP icon
21
Advance Auto Parts
AAP
$3.37B
$35M 3.08%
233,880
-1,200
-0.5% -$185K
SEE
22
DELISTED
Sealed Air
SEE
$33.1M 2.91%
726,007
-548,993
-43% -$24.3M
LNG icon
23
Cheniere Energy
LNG
$56.5B
$32.3M 2.84%
417,400
+265,300
+174% +$19.8M
DYN
24
DELISTED
Dynegy, Inc.
DYN
$31.4M 2.76%
+1,000,000
New +$28.6M
MU icon
25
Micron Technology
MU
$1.04T
$27.5M 2.42%
1,013,020
-133,895
-12% -$4M
1
2

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Palestra Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Palestra Capital Management held 37 positions worth $1.14B, down 0.72% from $1.15B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Palestra Capital Management withdrew a net $68.5M in Q1 2015, closing 9 positions and reducing 12 holdings. Its most notable exit was Liberty Global Class A, an estimated $55.2M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, up from 18% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Palestra Capital Management opened a new position in Openlane worth $54M.

  • Palestra Capital Management's largest Q1 2015 buy was Openlane: 3,764,190 shares worth $54M.
  • Palestra Capital Management added most to Liberty Global Class C in Q1 2015, an estimated $47.2M increase.
  • Palestra Capital Management's biggest Q1 2015 reduction was Andeavor, cutting an estimated $30.3M.
  • Palestra Capital Management fully exited Liberty Global Class A in Q1 2015, selling an estimated $55.2M.
  • Palestra Capital Management's ten largest holdings make up 46% of its $1.14B portfolio in Q1 2015.
  • Palestra Capital Management opened 9 new positions and closed 9 in Q1 2015.
  • Palestra Capital Management's portfolio value fell 0.72% quarter-over-quarter to $1.14B.

Based on Palestra Capital Management's 13F filing for Q1 2015, filed 15 May 2015.