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Palestra Capital Management Portfolio holdings

AUM $2.95B
1-Year Est. Return 61.62%
This Fund
S&P 500
This Quarter Est. Return
+6.26%
1 Year Est. Return
+61.62%
3 Year Est. Return
+236.18%
5 Year Est. Return
+265.73%
10 Year Est. Return
+1,338.87%
AUM
$1.3B
AUM Growth
-$19.1M
Cap. Flow
-$88.1M
Cap. Flow %
-6.77%
Top 10 Hldgs %
57.75%
Holding
30
New
8
Increased
4
Reduced
11
Closed
7

Top Buys

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$69.3M
2
HLT icon
Hilton Worldwide
HLT
+$68.5M
3
WP
Worldpay, Inc.
WP
+$62.5M
4
UNVR
Univar Solutions Inc.
UNVR
+$44.7M
5
DD icon
DuPont de Nemours
DD
+$42.7M

Top Sells

Rank Stock Value
1
SHW icon
Sherwin-Williams
SHW
+$73.8M
2
UNP icon
Union Pacific
UNP
+$59.6M
3
WFC icon
Wells Fargo
WFC
+$57.5M
4
ADNT icon
Adient
ADNT
+$52.7M
5
WMB icon
Williams Companies
WMB
+$49.9M

Sector Composition

Rank Sector Weight
1 Technology 28.79%
2 Communication Services 20.86%
3 Materials 18.05%
4 Consumer Discretionary 15.97%
5 Financials 5.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CPAY icon
1
Corpay
CPAY
$26.7B
$102M 7.83%
706,500
+221,500
+46% +$31.6M
MHK icon
2
Mohawk Industries
MHK
$8.79B
$77.2M 5.94%
319,616
-24,500
-7% -$5.78M
FMC icon
3
FMC
FMC
$1.6B
$74.6M 5.74%
1,177,795
+387,990
+49% +$25M
PTC icon
4
PTC
PTC
$14.5B
$74.2M 5.71%
1,347,000
-240,549
-15% -$13.3M
PX
5
DELISTED
Praxair Inc
PX
$74.2M 5.71%
560,000
-290,000
-34% -$37.2M
TMUS icon
6
T-Mobile US
TMUS
$195B
$73.4M 5.64%
1,211,300
+602,000
+99% +$39.2M
V icon
7
Visa
V
$688B
$70.8M 5.44%
755,000
-90,000
-11% -$8.35M
WMT icon
8
Walmart Inc
WMT
$841B
$68.9M 5.29%
+2,730,000
New +$69.3M
HLT icon
9
Hilton Worldwide
HLT
$68.5B
$68M 5.23%
+1,100,000
New +$68.5M
FDC
10
DELISTED
First Data Corporation
FDC
$67.9M 5.22%
3,731,128
-1,025,000
-22% -$17.1M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.14T
$67.7M 5.2%
1,456,000
-106,000
-7% -$4.96M
TTWO icon
12
Take-Two Interactive
TTWO
$39.9B
$66M 5.08%
900,051
-145,600
-14% -$9.97M
CHTR icon
13
Charter Communications
CHTR
$17.4B
$63.5M 4.88%
188,658
+16,000
+9% +$5.34M
WP
14
DELISTED
Worldpay, Inc.
WP
$63M 4.84%
+995,000
New +$62.5M
QSR icon
15
Restaurant Brands International
QSR
$27.3B
$62.5M 4.8%
999,309
-225,691
-18% -$13.3M
MSFT icon
16
Microsoft
MSFT
$3.67T
$51.7M 3.97%
750,000
-155,000
-17% -$10.6M
UNVR
17
DELISTED
Univar Solutions Inc.
UNVR
$43.1M 3.31%
+1,475,000
New +$44.7M
RNG icon
18
RingCentral
RNG
$5.86B
$43.1M 3.31%
+1,178,310
New +$39M
DD icon
19
DuPont de Nemours
DD
$17.7B
$42.9M 3.3%
+268,519
New +$42.7M
SSNC icon
20
SS&C Technologies
SSNC
$18.9B
$38.3M 2.94%
996,815
-610,000
-38% -$22.7M
CCN
21
DELISTED
CardConnect Corp.
CCN
$4.82M 0.37%
320,000
-1,600,000
-83% -$22.9M
CLGX
22
DELISTED
Corelogic, Inc.
CLGX
$2.39M 0.18%
+55,000
New +$2.32M
SNAP icon
23
Snap
SNAP
$9.18B
$711K 0.05%
+40,000
New +$807K
ADNT icon
24
Adient
ADNT
$1.45B
– –
-725,500
Closed -$52.7M
FIS icon
25
Fidelity National Information Services
FIS
$20.3B
– –
-349,733
Closed -$27.8M
1
2

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NIG
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Palestra Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Palestra Capital Management held 30 positions worth $1.3B, down 1.4% from $1.32B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Palestra Capital Management withdrew a net $88.1M in Q2 2017, closing 7 positions and reducing 11 holdings. Its most notable exit was Sherwin-Williams, an estimated $73.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 25% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Palestra Capital Management opened a new position in Walmart Inc worth $68.9M.

  • Palestra Capital Management's largest Q2 2017 buy was Walmart Inc: 2,730,000 shares worth $68.9M.
  • Palestra Capital Management added most to T-Mobile US in Q2 2017, an estimated $39.2M increase.
  • Palestra Capital Management's biggest Q2 2017 reduction was Praxair Inc, cutting an estimated $37.2M.
  • Palestra Capital Management fully exited Sherwin-Williams in Q2 2017, selling an estimated $73.8M.
  • Palestra Capital Management's ten largest holdings make up 58% of its $1.3B portfolio in Q2 2017.
  • Palestra Capital Management opened 8 new positions and closed 7 in Q2 2017.
  • Palestra Capital Management's portfolio value fell 1.4% quarter-over-quarter to $1.3B.

Based on Palestra Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.