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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
-2.13%
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
$1.06B
AUM Growth
+$193M
Cap. Flow
+$172M
Cap. Flow %
16.28%
Top 10 Hldgs %
55.35%
Holding
32
New
11
Increased
7
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
FIS icon
Fidelity National Information Services
FIS
+$75M
2
NWL icon
Newell Brands
NWL
+$68M
3
GPN icon
Global Payments
GPN
+$42.7M
4
NFLX icon
Netflix
NFLX
+$39.3M
5
CCEP icon
Coca-Cola Europacific Partners
CCEP
+$37.1M

Top Sells

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$47.6M
2
MCD icon
McDonald's
MCD
+$39.2M
3
WBS icon
Webster Financial
WBS
+$35.5M
4
AMZN icon
Amazon
AMZN
+$35.5M
5
SBAC icon
SBA Communications
SBAC
+$35.3M

Sector Composition

Rank Sector Weight
1 Communication Services 25.25%
2 Technology 21.19%
3 Consumer Discretionary 16.25%
4 Consumer Staples 10.97%
5 Financials 7.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FIS icon
1
Fidelity National Information Services
FIS
$21.7B
$79.1M 7.49%
+1,250,000
New +$75M
NWL icon
2
Newell Brands
NWL
$2.22B
$76.8M 7.27%
+1,735,000
New +$68M
CHTR icon
3
Charter Communications
CHTR
$16.2B
$65.4M 6.19%
323,046
+57,146
+21% +$10.3M
MHK icon
4
Mohawk Industries
MHK
$6.8B
$62.7M 5.94%
328,530
-2,607
-0.8% -$454K
MON
5
DELISTED
Monsanto Co
MON
$57.6M 5.45%
656,592
+48,108
+8% +$4.34M
SSNC icon
6
SS&C Technologies
SSNC
$16.8B
$56.3M 5.33%
1,775,400
+57,000
+3% +$1.73M
PTC icon
7
PTC
PTC
$14.4B
$54.3M 5.14%
1,636,409
+645,000
+65% +$19.9M
GPN icon
8
Global Payments
GPN
$21.3B
$47M 4.45%
+720,000
New +$42.7M
MHFI
9
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$43.1M 4.08%
435,100
-159,100
-27% -$14.3M
OPLN
10
Openlane
OPLN
$4.18B
$42.6M 4.03%
2,949,529
-1,830,642
-38% -$24.3M
NFLX icon
11
Netflix
NFLX
$290B
$40.9M 3.87%
+4,005,000
New +$39.3M
CCEP icon
12
Coca-Cola Europacific Partners
CCEP
$46.5B
$39M 3.69%
+769,141
New +$37.1M
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$4.23T
$35.3M 3.34%
926,000
+866,000
+1,443% +$31.9M
BFH icon
14
Bread Financial
BFH
$4.01B
$35.2M 3.33%
+200,229
New +$35M
ADSK icon
15
Autodesk
ADSK
$46.1B
$34.2M 3.24%
+587,342
New +$30.6M
SEMG
16
DELISTED
SEMGROUP CORPORATION
SEMG
$34.2M 3.24%
+1,527,637
New +$31.5M
MCD icon
17
McDonald's
MCD
$190B
$33.7M 3.19%
268,400
-328,000
-55% -$39.2M
CCI icon
18
Crown Castle
CCI
$34.6B
$33.6M 3.18%
388,600
+67,800
+21% +$5.75M
LAD icon
19
Lithia Motors
LAD
$7.65B
$32.7M 3.1%
374,547
+71,733
+24% +$6.16M
GOOG icon
20
Alphabet (Google) Class C
GOOG
$4.22T
$30.2M 2.86%
810,000
-954,000
-54% -$34.2M
INFO
21
DELISTED
IHS Markit Ltd. Common Shares
INFO
$29.4M 2.78%
+831,750
New +$24.2M
COP icon
22
PUT
ConocoPhillips
COP
$140B
$27.6M 2.61%
+685,000
New +$26M
LBTYA icon
23
Liberty Global Class A
LBTYA
$3.52B
$26.5M 2.51%
789,823
-11,460
-1% -$361K
LBTYK icon
24
Liberty Global Class C
LBTYK
$3.41B
$21.5M 2.03%
658,253
-251,712
-28% -$7.66M
IHS
25
DELISTED
IHS INC CL-A COM STK
IHS
$17.6M 1.67%
+142,000
New +$15.1M
1
2

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Palestra Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Palestra Capital Management held 32 positions worth $1.06B, up 22% from $864M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Palestra Capital Management deployed $172M of net new capital in Q1 2016, opening 11 new positions and adding to 7 existing holdings. Its largest new stake was Fidelity National Information Services: 1,250,000 shares worth $79.1M.

By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 23% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was McDonald's, an estimated $39.2M trimmed.

  • Palestra Capital Management's largest Q1 2016 buy was Fidelity National Information Services: 1,250,000 shares worth $79.1M.
  • Palestra Capital Management added most to Alphabet (Google) Class A in Q1 2016, an estimated $31.9M increase.
  • Palestra Capital Management's biggest Q1 2016 reduction was McDonald's, cutting an estimated $39.2M.
  • Palestra Capital Management fully exited Dollar Tree in Q1 2016, selling an estimated $47.6M.
  • Palestra Capital Management's ten largest holdings make up 55% of its $1.06B portfolio in Q1 2016.
  • Palestra Capital Management opened 11 new positions and closed 7 in Q1 2016.
  • Palestra Capital Management's portfolio value rose 22% quarter-over-quarter to $1.06B.

Based on Palestra Capital Management's 13F filing for Q1 2016, filed 16 May 2016.