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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
+5.41%
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
$2.29B
AUM Growth
+$482M
Cap. Flow
+$410M
Cap. Flow %
17.93%
Top 10 Hldgs %
53.33%
Holding
26
New
7
Increased
9
Reduced
8
Closed
2

Top Buys

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$90.6M
2
RJF icon
Raymond James Financial
RJF
+$88.7M
3
PAGS icon
PagSeguro Digital
PAGS
+$69.9M
4
GPN icon
Global Payments
GPN
+$68.9M
5
TTWO icon
Take-Two Interactive
TTWO
+$63.8M

Top Sells

Rank Stock Value
1
CPAY icon
Corpay
CPAY
+$85.1M
2
ADSK icon
Autodesk
ADSK
+$77M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$31.6M
4
FDC
First Data Corporation
FDC
+$29.5M
5
MSFT icon
Microsoft
MSFT
+$22.3M

Sector Composition

Rank Sector Weight
1 Communication Services 33.72%
2 Consumer Discretionary 22.52%
3 Technology 15.78%
4 Industrials 12.65%
5 Materials 5.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMCSA icon
1
Comcast
CMCSA
$79.1B
$159M 6.96%
4,853,698
+1,050,000
+28% +$34.2M
FDC
2
DELISTED
First Data Corporation
FDC
$128M 5.59%
6,109,528
-1,594,000
-21% -$29.5M
DD icon
3
DuPont de Nemours
DD
$18.6B
$127M 5.54%
759,238
-84,899
-10% -$14.2M
QSR icon
4
Restaurant Brands International
QSR
$25.1B
$123M 5.38%
2,040,000
+837,091
+70% +$48M
MHK icon
5
Mohawk Industries
MHK
$6.9B
$123M 5.36%
572,186
+53,500
+10% +$11.7M
TMUS icon
6
T-Mobile US
TMUS
$193B
$119M 5.19%
1,987,184
+545,000
+38% +$32.3M
MSFT icon
7
Microsoft
MSFT
$2.84T
$118M 5.16%
1,196,300
-230,000
-16% -$22.3M
META icon
8
Meta Platforms (Facebook)
META
$1.51T
$117M 5.12%
602,800
+56,800
+10% +$10.3M
BABA icon
9
Alibaba
BABA
$269B
$109M 4.79%
590,000
+180,000
+44% +$34.3M
SSNC icon
10
SS&C Technologies
SSNC
$17.8B
$97.1M 4.24%
1,870,000
-75,000
-4% -$3.8M
INFO
11
DELISTED
IHS Markit Ltd. Common Shares
INFO
$94.9M 4.15%
1,839,000
-256,000
-12% -$12.8M
NSC icon
12
Norfolk Southern
NSC
$78.8B
$93.5M 4.09%
+620,000
New +$90.6M
PTC icon
13
PTC
PTC
$13.7B
$87.2M 3.81%
929,712
-37,017
-4% -$3.2M
RJF icon
14
Raymond James Financial
RJF
$32.5B
$85.2M 3.72%
+1,429,500
New +$88.7M
DLPH
15
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$81.6M 3.57%
1,794,012
+279,012
+18% +$13.9M
EA icon
16
Electronic Arts
EA
$52.4B
$80.9M 3.54%
574,000
-36,000
-6% -$4.68M
MGM icon
17
MGM Resorts International
MGM
$11.7B
$78.5M 3.43%
2,705,000
+350,000
+15% +$11.3M
DLTR icon
18
Dollar Tree
DLTR
$23.1B
$73.1M 3.2%
860,000
+19,128
+2% +$1.76M
GOOGL icon
19
Alphabet (Google) Class A
GOOGL
$3.91T
$69.9M 3.06%
1,238,600
-581,400
-32% -$31.6M
TTWO icon
20
Take-Two Interactive
TTWO
$43B
$69.4M 3.03%
+586,332
New +$63.8M
GPN icon
21
Global Payments
GPN
$22.1B
$68M 2.97%
+610,000
New +$68.9M
TIF
22
DELISTED
Tiffany & Co.
TIF
$65.5M 2.87%
+498,000
New +$56.9M
SPOT icon
23
Spotify
SPOT
$99.2B
$60.9M 2.66%
+361,749
New +$57.8M
PAGS icon
24
PagSeguro Digital
PAGS
$2.57B
$58.7M 2.57%
+2,115,000
New +$69.9M
ADSK icon
25
Autodesk
ADSK
$44.3B
– –
-613,000
Closed -$77M
1
2

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Palestra Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Palestra Capital Management held 26 positions worth $2.29B, up 27% from $1.8B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Palestra Capital Management deployed $410M of net new capital in Q2 2018, opening 7 new positions and adding to 9 existing holdings. Its largest new stake was Norfolk Southern: 620,000 shares worth $93.5M.

By sector, the portfolio is most concentrated in Communication Services at 34% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $31.6M trimmed.

  • Palestra Capital Management's largest Q2 2018 buy was Norfolk Southern: 620,000 shares worth $93.5M.
  • Palestra Capital Management added most to Restaurant Brands International in Q2 2018, an estimated $48M increase.
  • Palestra Capital Management's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $31.6M.
  • Palestra Capital Management fully exited Corpay in Q2 2018, selling an estimated $85.1M.
  • Palestra Capital Management's ten largest holdings make up 53% of its $2.29B portfolio in Q2 2018.
  • Palestra Capital Management opened 7 new positions and closed 2 in Q2 2018.
  • Palestra Capital Management's portfolio value rose 27% quarter-over-quarter to $2.29B.

Based on Palestra Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.