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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
+7.36%
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
$1.61B
AUM Growth
+$312M
Cap. Flow
+$216M
Cap. Flow %
13.42%
Top 10 Hldgs %
55.85%
Holding
30
New
7
Increased
9
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
CMCSA icon
Comcast
CMCSA
+$122M
2
MGM icon
MGM Resorts International
MGM
+$67.2M
3
DD icon
DuPont de Nemours
DD
+$49.3M
4
NBIS
Nebius Group N.V.
NBIS
+$41.5M
5
RTX icon
RTX Corp
RTX
+$40.4M

Top Sells

Rank Stock Value
1
V icon
Visa
V
+$70.8M
2
WMT icon
Walmart Inc
WMT
+$68.9M
3
RNG icon
RingCentral
RNG
+$43.1M
4
SSNC icon
SS&C Technologies
SSNC
+$38.3M
5
FMC icon
FMC
FMC
+$24.3M

Sector Composition

Rank Sector Weight
1 Communication Services 26.36%
2 Consumer Discretionary 22.72%
3 Materials 19.5%
4 Technology 16.18%
5 Industrials 6.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMCSA icon
1
Comcast
CMCSA
$79.1B
$120M 7.41%
+3,107,000
New +$122M
DD icon
2
DuPont de Nemours
DD
$18.6B
$98.8M 6.13%
563,772
+295,253
+110% +$49.3M
QSR icon
3
Restaurant Brands International
QSR
$25.1B
$92.6M 5.74%
1,449,909
+450,600
+45% +$27.9M
CPAY icon
4
Corpay
CPAY
$24.2B
$89.8M 5.57%
580,200
-126,300
-18% -$18.5M
MHK icon
5
Mohawk Industries
MHK
$6.9B
$87M 5.4%
351,686
+32,070
+10% +$7.98M
PTC icon
6
PTC
PTC
$13.7B
$86.6M 5.37%
1,538,200
+191,200
+14% +$10.6M
MSFT icon
7
Microsoft
MSFT
$2.84T
$84.5M 5.24%
1,135,000
+385,000
+51% +$28.1M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$3.91T
$84.2M 5.22%
1,728,600
+272,600
+19% +$12.9M
HLT icon
9
Hilton Worldwide
HLT
$74B
$80M 4.96%
1,151,500
+51,500
+5% +$3.28M
PX
10
DELISTED
Praxair Inc
PX
$77.5M 4.81%
554,900
-5,100
-0.9% -$680K
WP
11
DELISTED
Worldpay, Inc.
WP
$74.8M 4.64%
1,060,900
+65,900
+7% +$4.49M
UNVR
12
DELISTED
Univar Solutions Inc.
UNVR
$72.9M 4.52%
2,521,182
+1,046,182
+71% +$30M
TTWO icon
13
Take-Two Interactive
TTWO
$43B
$71.8M 4.45%
702,636
-197,415
-22% -$17.7M
MGM icon
14
MGM Resorts International
MGM
$11.7B
$68.1M 4.22%
+2,090,000
New +$67.2M
FMC icon
15
FMC
FMC
$1.42B
$65.1M 4.04%
840,086
-337,709
-29% -$24.3M
FDC
16
DELISTED
First Data Corporation
FDC
$65M 4.03%
3,603,528
-127,600
-3% -$2.33M
TMUS icon
17
T-Mobile US
TMUS
$193B
$59.7M 3.7%
968,884
-242,416
-20% -$15.2M
CHTR icon
18
Charter Communications
CHTR
$14.7B
$45.1M 2.79%
124,000
-64,658
-34% -$24.1M
NBIS
19
Nebius Group N.V.
NBIS
$47.7B
$44.8M 2.78%
+1,360,000
New +$41.5M
RTX icon
20
RTX Corp
RTX
$287B
$39.9M 2.47%
+545,663
New +$40.4M
EBAY icon
21
eBay
EBAY
$48.6B
$38.7M 2.4%
+1,005,700
New +$36.6M
USFD icon
22
US Foods
USFD
$21.4B
$37.4M 2.32%
+1,400,000
New +$38.3M
HAPN
23
Happen Inc
HAPN
$2.08B
$28.7M 1.78%
+944,000
New +$27.2M
RNG icon
24
RingCentral
RNG
$4.05B
– –
-1,178,310
Closed -$43.1M
SNAP icon
25
Snap
SNAP
$7.32B
– –
-40,000
Closed -$711K
1
2

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HWA
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DCM
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RG
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ECP
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GFA
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LS
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Palestra Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Palestra Capital Management held 30 positions worth $1.61B, up 24% from $1.3B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Palestra Capital Management deployed $216M of net new capital in Q3 2017, opening 7 new positions and adding to 9 existing holdings. Its largest new stake was Comcast: 3,107,000 shares worth $120M.

By sector, the portfolio is most concentrated in Communication Services at 26% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Materials.

On the sell side, the largest reduction was FMC, an estimated $24.3M trimmed.

  • Palestra Capital Management's largest Q3 2017 buy was Comcast: 3,107,000 shares worth $120M.
  • Palestra Capital Management added most to DuPont de Nemours in Q3 2017, an estimated $49.3M increase.
  • Palestra Capital Management's biggest Q3 2017 reduction was FMC, cutting an estimated $24.3M.
  • Palestra Capital Management fully exited Visa in Q3 2017, selling an estimated $70.8M.
  • Palestra Capital Management's ten largest holdings make up 56% of its $1.61B portfolio in Q3 2017.
  • Palestra Capital Management opened 7 new positions and closed 7 in Q3 2017.
  • Palestra Capital Management's portfolio value rose 24% quarter-over-quarter to $1.61B.

Based on Palestra Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.