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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
+11.62%
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
$1.05B
AUM Growth
-$194M
Cap. Flow
-$302M
Cap. Flow %
-28.69%
Top 10 Hldgs %
61.66%
Holding
31
New
6
Increased
6
Reduced
10
Closed
9

Top Buys

Rank Stock Value
1
SABR icon
Sabre
SABR
+$56.5M
2
TTWO icon
Take-Two Interactive
TTWO
+$41.7M
3
AMTD
TD Ameritrade Holding Corp
AMTD
+$37.4M
4
CAG icon
Conagra Brands
CAG
+$33.4M
5
CPAY icon
Corpay
CPAY
+$30.4M

Top Sells

Rank Stock Value
1
CCI icon
Crown Castle
CCI
+$57M
2
IQV icon
IQVIA
IQV
+$54.2M
3
MSFT icon
Microsoft
MSFT
+$47.8M
4
SEMG
SEMGROUP CORPORATION
SEMG
+$40.3M
5
NWL icon
Newell Brands
NWL
+$39.9M

Sector Composition

Rank Sector Weight
1 Technology 30.3%
2 Consumer Discretionary 17.08%
3 Communication Services 14.62%
4 Materials 10.88%
5 Consumer Staples 8.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FIS icon
1
Fidelity National Information Services
FIS
$21.5B
$79.2M 7.53%
1,028,000
-160,000
-13% -$12.5M
PTC icon
2
PTC
PTC
$13.7B
$78.1M 7.43%
1,762,522
+75,100
+4% +$3.11M
SHW icon
3
Sherwin-Williams
SHW
$78.3B
$73.8M 7.02%
800,400
+283,500
+55% +$27.5M
SSNC icon
4
SS&C Technologies
SSNC
$17.8B
$71.3M 6.78%
2,216,400
+817,000
+58% +$25.9M
MHK icon
5
Mohawk Industries
MHK
$6.9B
$60.5M 5.75%
301,916
-40,714
-12% -$8.37M
NWL icon
6
Newell Brands
NWL
$2.16B
$59.2M 5.63%
1,124,400
-771,000
-41% -$39.9M
CHTR icon
7
Charter Communications
CHTR
$14.7B
$58.2M 5.54%
215,658
-136,500
-39% -$34.5M
SABR icon
8
Sabre
SABR
$656M
$57.1M 5.43%
+2,025,000
New +$56.5M
CSC
9
DELISTED
Computer Sciences
CSC
$56.6M 5.38%
1,083,624
+253,624
+31% +$12.2M
QSR icon
10
Restaurant Brands International
QSR
$25.1B
$54.6M 5.19%
1,225,000
+395,000
+48% +$17.9M
LAD icon
11
Lithia Motors
LAD
$7.78B
$48.9M 4.65%
512,223
-271,124
-35% -$22.8M
TTWO icon
12
Take-Two Interactive
TTWO
$43B
$44.6M 4.24%
+990,000
New +$41.7M
AMTD
13
DELISTED
TD Ameritrade Holding Corp
AMTD
$42.3M 4.02%
+1,200,000
New +$37.4M
WMB icon
14
Williams Companies
WMB
$90.5B
$42.2M 4.01%
1,373,343
-1,367,300
-50% -$36.3M
DISH
15
DELISTED
DISH Network Corp.
DISH
$41.6M 3.96%
760,272
+40,000
+6% +$2.07M
MON
16
DELISTED
Monsanto Co
MON
$40.6M 3.86%
397,642
-216,400
-35% -$22.7M
CAG icon
17
Conagra Brands
CAG
$7.07B
$34.2M 3.25%
+931,625
New +$33.4M
CPAY icon
18
Corpay
CPAY
$24.2B
$33M 3.14%
+190,000
New +$30.4M
FDC
19
DELISTED
First Data Corporation
FDC
$32M 3.05%
2,435,100
-1,598,500
-40% -$20.6M
CCN
20
DELISTED
CardConnect Corp.
CCN
$18.8M 1.78%
+1,920,000
New +$19.2M
EXPE icon
21
Expedia Group
EXPE
$31.2B
$15.6M 1.48%
133,563
-324,480
-71% -$36.7M
LBRDK icon
22
Liberty Broadband Class C
LBRDK
$4.15B
$9.29M 0.88%
130,000
-165,000
-56% -$11M
CCI icon
23
Crown Castle
CCI
$32.7B
– –
-561,600
Closed -$57M
GOOG icon
24
Alphabet (Google) Class C
GOOG
$3.9T
– –
-868,000
Closed -$30M
GOOGL icon
25
Alphabet (Google) Class A
GOOGL
$3.91T
– –
-1,006,000
Closed -$35.4M
1
2

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Palestra Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Palestra Capital Management held 31 positions worth $1.05B, down 16% from $1.25B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Palestra Capital Management withdrew a net $302M in Q3 2016, closing 9 positions and reducing 10 holdings. Its most notable exit was Crown Castle, an estimated $57M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Palestra Capital Management opened a new position in Sabre worth $57.1M.

  • Palestra Capital Management's largest Q3 2016 buy was Sabre: 2,025,000 shares worth $57.1M.
  • Palestra Capital Management added most to Sherwin-Williams in Q3 2016, an estimated $27.5M increase.
  • Palestra Capital Management's biggest Q3 2016 reduction was Newell Brands, cutting an estimated $39.9M.
  • Palestra Capital Management fully exited Crown Castle in Q3 2016, selling an estimated $57M.
  • Palestra Capital Management's ten largest holdings make up 62% of its $1.05B portfolio in Q3 2016.
  • Palestra Capital Management opened 6 new positions and closed 9 in Q3 2016.
  • Palestra Capital Management's portfolio value fell 16% quarter-over-quarter to $1.05B.

Based on Palestra Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.