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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
-0.86%
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
$1.02B
AUM Growth
-$114M
Cap. Flow
-$92M
Cap. Flow %
-8.99%
Top 10 Hldgs %
50.88%
Holding
32
New
4
Increased
9
Reduced
10
Closed
9

Top Buys

Rank Stock Value
1
PTC icon
PTC
PTC
+$50M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$36.9M
3
WBS icon
Webster Financial
WBS
+$30.9M
4
BIDU icon
Baidu
BIDU
+$23.4M
5
BNY
Bank of New York Mellon
BNY
+$20.7M

Top Sells

Rank Stock Value
1
LPLA icon
LPL Financial
LPLA
+$49.9M
2
RKT
ROCK-TENN COMPANY CL-A
RKT
+$38.5M
3
SABR icon
Sabre
SABR
+$36.2M
4
AAP icon
Advance Auto Parts
AAP
+$35M
5
SEE
Sealed Air
SEE
+$33.1M

Sector Composition

Rank Sector Weight
1 Communication Services 22.12%
2 Consumer Discretionary 18.52%
3 Technology 11.5%
4 Industrials 11.09%
5 Financials 9.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SSNC icon
1
SS&C Technologies
SSNC
$17.8B
$65.9M 6.44%
2,108,800
+594,000
+39% +$18.2M
BIDU icon
2
Baidu
BIDU
$35.8B
$58.1M 5.67%
291,700
+114,500
+65% +$23.4M
MHK icon
3
Mohawk Industries
MHK
$6.9B
$53M 5.18%
277,567
-31,000
-10% -$5.73M
OPLN
4
Openlane
OPLN
$4.17B
$52.4M 5.12%
3,704,612
-59,578
-2% -$853K
PTC icon
5
PTC
PTC
$13.7B
$51.9M 5.07%
+1,265,016
New +$50M
MON
6
DELISTED
Monsanto Co
MON
$50.1M 4.9%
470,384
-65,000
-12% -$7.54M
SBAC icon
7
SBA Communications
SBAC
$18.4B
$48.5M 4.74%
422,000
-22,500
-5% -$2.64M
GOOG icon
8
Alphabet (Google) Class C
GOOG
$3.9T
$48M 4.69%
1,845,680
+495,343
+37% +$13.3M
MHFI
9
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$47M 4.59%
468,000
-7,500
-2% -$784K
LBTYK icon
10
Liberty Global Class C
LBTYK
$3.27B
$45.9M 4.48%
1,120,768
-182,942
-14% -$7.58M
SEMG
11
DELISTED
SEMGROUP CORPORATION
SEMG
$45.9M 4.48%
577,500
+16,100
+3% +$1.31M
LNG icon
12
Cheniere Energy
LNG
$56.5B
$45.4M 4.44%
655,800
+238,400
+57% +$17.9M
DLTR icon
13
Dollar Tree
DLTR
$23.1B
$44.7M 4.37%
566,300
-9,100
-2% -$720K
MCD icon
14
McDonald's
MCD
$188B
$44.2M 4.32%
465,200
+61,600
+15% +$5.96M
DYN
15
DELISTED
Dynegy, Inc.
DYN
$41.9M 4.09%
1,432,300
+432,300
+43% +$14.1M
LAD icon
16
Lithia Motors
LAD
$7.78B
$40M 3.91%
353,550
-234,300
-40% -$24.9M
CP icon
17
Canadian Pacific Kansas City
CP
$82B
$39.8M 3.88%
1,241,520
+152,500
+14% +$5.44M
TWC
18
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$39.6M 3.87%
+222,500
New +$36.9M
UAL icon
19
United Airlines
UAL
$38.4B
$39.5M 3.85%
744,547
+60,000
+9% +$3.47M
CHTR icon
20
Charter Communications
CHTR
$14.7B
$34.8M 3.4%
203,200
-13,700
-6% -$2.46M
GPN icon
21
Global Payments
GPN
$22.1B
$34.3M 3.35%
663,710
-202,900
-23% -$10.4M
WBS icon
22
Webster Financial
WBS
$12.3B
$32.4M 3.17%
+819,496
New +$30.9M
BNY
23
Bank of New York Mellon
BNY
$108B
$20.4M 1.99%
+485,000
New +$20.7M
AAP icon
24
Advance Auto Parts
AAP
$3.37B
– –
-233,880
Closed -$35M
BKD icon
25
Brookdale Senior Living
BKD
$3.62B
– –
-315,500
Closed -$11.9M
1
2

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Palestra Capital Management's Q2 2015 Portfolio in Review

As of Q2 2015, Palestra Capital Management held 32 positions worth $1.02B, down 10% from $1.14B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Palestra Capital Management withdrew a net $92M in Q2 2015, closing 9 positions and reducing 10 holdings. Its most notable exit was LPL Financial, an estimated $49.9M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 22% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Palestra Capital Management opened a new position in PTC worth $51.9M.

  • Palestra Capital Management's largest Q2 2015 buy was PTC: 1,265,016 shares worth $51.9M.
  • Palestra Capital Management added most to Baidu in Q2 2015, an estimated $23.4M increase.
  • Palestra Capital Management's biggest Q2 2015 reduction was Lithia Motors, cutting an estimated $24.9M.
  • Palestra Capital Management fully exited LPL Financial in Q2 2015, selling an estimated $49.9M.
  • Palestra Capital Management's ten largest holdings make up 51% of its $1.02B portfolio in Q2 2015.
  • Palestra Capital Management opened 4 new positions and closed 9 in Q2 2015.
  • Palestra Capital Management's portfolio value fell 10% quarter-over-quarter to $1.02B.

Based on Palestra Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.