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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
+11.14%
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
$1.32B
AUM Growth
-$459M
Cap. Flow
-$579M
Cap. Flow %
-43.85%
Top 10 Hldgs %
57.25%
Holding
26
New
4
Increased
6
Reduced
9
Closed
4

Top Buys

Rank Stock Value
1
CPAY icon
Corpay
CPAY
+$76M
2
V icon
Visa
V
+$72.7M
3
UNP icon
Union Pacific
UNP
+$60.1M
4
PX
Praxair Inc
PX
+$44.7M
5
FMC icon
FMC
FMC
+$40.8M

Top Sells

Rank Stock Value
1
FIS icon
Fidelity National Information Services
FIS
+$47.7M
2
MDLZ icon
Mondelez International
MDLZ
+$46.1M
3
MON
Monsanto Co
MON
+$46M
4
CAG icon
Conagra Brands
CAG
+$36.9M
5
CSC
Computer Sciences
CSC
+$31.7M

Sector Composition

Rank Sector Weight
1 Technology 22.82%
2 Communication Services 16.97%
3 Materials 16.84%
4 Consumer Discretionary 15.15%
5 Financials 11.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PX
1
DELISTED
Praxair Inc
PX
$101M 7.64%
850,000
+380,000
+81% +$44.7M
PTC icon
2
PTC
PTC
$13.7B
$83.4M 6.32%
1,587,549
-64,000
-4% -$3.38M
MHK icon
3
Mohawk Industries
MHK
$6.9B
$79M 5.98%
344,116
+26,000
+8% +$5.71M
V icon
4
Visa
V
$677B
$75.1M 5.69%
+845,000
New +$72.7M
SHW icon
5
Sherwin-Williams
SHW
$78.3B
$73.8M 5.59%
714,000
-72,000
-9% -$7.25M
FDC
6
DELISTED
First Data Corporation
FDC
$73.7M 5.58%
4,756,128
+625,000
+15% +$9.81M
CPAY icon
7
Corpay
CPAY
$24.2B
$73.4M 5.56%
+485,000
New +$76M
QSR icon
8
Restaurant Brands International
QSR
$25.1B
$68.3M 5.17%
1,225,000
+325,000
+36% +$17M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$3.91T
$66.2M 5.02%
1,562,000
-260,000
-14% -$10.9M
TTWO icon
10
Take-Two Interactive
TTWO
$43B
$62M 4.7%
1,045,651
-451,382
-30% -$25.2M
UNP icon
11
Union Pacific
UNP
$183B
$59.6M 4.52%
+563,115
New +$60.1M
MSFT icon
12
Microsoft
MSFT
$2.84T
$59.6M 4.52%
905,000
+215,000
+31% +$13.8M
WFC icon
13
Wells Fargo
WFC
$261B
$57.5M 4.35%
1,032,200
– –
SSNC icon
14
SS&C Technologies
SSNC
$17.8B
$56.9M 4.31%
1,606,815
– –
CHTR icon
15
Charter Communications
CHTR
$14.7B
$56.5M 4.28%
172,658
-14,200
-8% -$4.52M
ADNT icon
16
Adient
ADNT
$1.6B
$52.7M 3.99%
725,500
-204,500
-22% -$13.4M
WMB icon
17
Williams Companies
WMB
$90.5B
$49.9M 3.78%
1,685,000
+850,000
+102% +$24.6M
FMC icon
18
FMC
FMC
$1.42B
$47.7M 3.61%
+789,805
New +$40.8M
TMUS icon
19
T-Mobile US
TMUS
$193B
$39.4M 2.98%
609,300
-5,000
-0.8% -$307K
CSC
20
DELISTED
Computer Sciences
CSC
$31.4M 2.38%
455,000
-477,994
-51% -$31.7M
FIS icon
21
Fidelity National Information Services
FIS
$21.5B
$27.8M 2.11%
349,733
-593,267
-63% -$47.7M
CCN
22
DELISTED
CardConnect Corp.
CCN
$25.3M 1.92%
1,920,000
– –
CAG icon
23
Conagra Brands
CAG
$7.07B
– –
-932,400
Closed -$36.9M
MDLZ icon
24
Mondelez International
MDLZ
$77.7B
– –
-1,040,000
Closed -$46.1M
SPY icon
25
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
– –
-3,000,000
Closed -$671M
1
2

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Palestra Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Palestra Capital Management held 26 positions worth $1.32B, down 26% from $1.78B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Palestra Capital Management withdrew a net $579M in Q1 2017, closing 4 positions and reducing 9 holdings. Its most notable exit was Mondelez International, an estimated $46.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 13% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Palestra Capital Management opened a new position in Corpay worth $73.4M.

  • Palestra Capital Management's largest Q1 2017 buy was Corpay: 485,000 shares worth $73.4M.
  • Palestra Capital Management added most to Praxair Inc in Q1 2017, an estimated $44.7M increase.
  • Palestra Capital Management's biggest Q1 2017 reduction was Fidelity National Information Services, cutting an estimated $47.7M.
  • Palestra Capital Management fully exited Mondelez International in Q1 2017, selling an estimated $46.1M.
  • Palestra Capital Management's ten largest holdings make up 57% of its $1.32B portfolio in Q1 2017.
  • Palestra Capital Management opened 4 new positions and closed 4 in Q1 2017.
  • Palestra Capital Management's portfolio value fell 26% quarter-over-quarter to $1.32B.

Based on Palestra Capital Management's 13F filing for Q1 2017, filed 15 May 2017.