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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
+9.64%
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
$864M
AUM Growth
-$174M
Cap. Flow
-$250M
Cap. Flow %
-28.91%
Top 10 Hldgs %
66.7%
Holding
27
New
4
Increased
7
Reduced
10
Closed
6

Top Buys

Rank Stock Value
1
CCI icon
Crown Castle
CCI
+$27.2M
2
LBTYA icon
Liberty Global Class A
LBTYA
+$27M
3
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$17.2M
4
TDG icon
TransDigm Group
TDG
+$11.2M
5
OPLN
Openlane
OPLN
+$10.1M

Top Sells

Rank Stock Value
1
APD icon
Air Products & Chemicals
APD
+$50.4M
2
GPN icon
Global Payments
GPN
+$43.2M
3
DYN
Dynegy, Inc.
DYN
+$41.2M
4
UAL icon
United Airlines
UAL
+$36.8M
5
VMC icon
Vulcan Materials
VMC
+$29.9M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.02%
2 Communication Services 22.81%
3 Financials 10.89%
4 Technology 10.77%
5 Materials 10.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCD icon
1
McDonald's
MCD
$188B
$70.5M 8.16%
596,400
+45,200
+8% +$5.05M
OPLN
2
Openlane
OPLN
$4.17B
$67M 7.76%
4,780,171
+713,605
+18% +$10.1M
GOOG icon
3
Alphabet (Google) Class C
GOOG
$3.9T
$66.9M 7.75%
1,764,000
-612,000
-26% -$22M
MHK icon
4
Mohawk Industries
MHK
$6.9B
$62.7M 7.26%
331,137
-11,430
-3% -$2.19M
MON
5
DELISTED
Monsanto Co
MON
$59.9M 6.94%
608,484
+28,100
+5% +$2.64M
SSNC icon
6
SS&C Technologies
SSNC
$17.8B
$58.7M 6.79%
1,718,400
+43,600
+3% +$1.55M
MHFI
7
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$58.6M 6.78%
594,200
-80,800
-12% -$7.66M
CHTR icon
8
Charter Communications
CHTR
$14.7B
$48.7M 5.64%
265,900
+8,000
+3% +$1.48M
DLTR icon
9
Dollar Tree
DLTR
$23.1B
$47.6M 5.51%
615,800
-255,500
-29% -$17.9M
WBS icon
10
Webster Financial
WBS
$12.3B
$35.5M 4.11%
954,296
+39,800
+4% +$1.51M
AMZN icon
11
Amazon
AMZN
$2.5T
$35.5M 4.1%
1,049,000
-245,000
-19% -$7.72M
SBAC icon
12
SBA Communications
SBAC
$18.4B
$35.3M 4.09%
335,850
-200,150
-37% -$21.7M
PTC icon
13
PTC
PTC
$13.7B
$34.3M 3.98%
991,409
-356,568
-26% -$12.5M
LAD icon
14
Lithia Motors
LAD
$7.78B
$32.3M 3.74%
302,814
-9,140
-3% -$1.05M
LBTYK icon
15
Liberty Global Class C
LBTYK
$3.27B
$32.2M 3.73%
909,965
-415,641
-31% -$15M
VMC icon
16
Vulcan Materials
VMC
$36.3B
$29.8M 3.45%
313,626
-308,874
-50% -$29.9M
LBTYA icon
17
Liberty Global Class A
LBTYA
$3.31B
$29.6M 3.43%
801,283
+714,187
+820% +$27M
CCI icon
18
Crown Castle
CCI
$32.7B
$27.7M 3.21%
+320,800
New +$27.2M
TWC
19
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$17.2M 2%
+92,900
New +$17.2M
TDG icon
20
TransDigm Group
TDG
$69.2B
$11.3M 1.31%
+49,598
New +$11.2M
GOOGL icon
21
Alphabet (Google) Class A
GOOGL
$3.91T
$2.33M 0.27%
+60,000
New +$2.22M
APD icon
22
Air Products & Chemicals
APD
$66.3B
– –
-426,995
Closed -$50.4M
GPN icon
23
Global Payments
GPN
$22.1B
– –
-752,710
Closed -$43.2M
UAL icon
24
United Airlines
UAL
$38.4B
– –
-694,547
Closed -$36.8M
SEMG
25
DELISTED
SEMGROUP CORPORATION
SEMG
– –
-628,141
Closed -$27.2M
1
2

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Palestra Capital Management's Q4 2015 Portfolio in Review

As of Q4 2015, Palestra Capital Management held 27 positions worth $864M, down 17% from $1.04B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Palestra Capital Management withdrew a net $250M in Q4 2015, closing 6 positions and reducing 10 holdings. Its most notable exit was Air Products & Chemicals, an estimated $50.4M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 31% 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 Crown Castle worth $27.7M.

  • Palestra Capital Management's largest Q4 2015 buy was Crown Castle: 320,800 shares worth $27.7M.
  • Palestra Capital Management added most to Liberty Global Class A in Q4 2015, an estimated $27M increase.
  • Palestra Capital Management's biggest Q4 2015 reduction was Vulcan Materials, cutting an estimated $29.9M.
  • Palestra Capital Management fully exited Air Products & Chemicals in Q4 2015, selling an estimated $50.4M.
  • Palestra Capital Management's ten largest holdings make up 67% of its $864M portfolio in Q4 2015.
  • Palestra Capital Management opened 4 new positions and closed 6 in Q4 2015.
  • Palestra Capital Management's portfolio value fell 17% quarter-over-quarter to $864M.

Based on Palestra Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.