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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
+5.35%
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
$2.16B
AUM Growth
-$127M
Cap. Flow
-$215M
Cap. Flow %
-9.95%
Top 10 Hldgs %
66.61%
Holding
26
New
2
Increased
12
Reduced
5
Closed
7

Top Buys

Rank Stock Value
1
HLT icon
Hilton Worldwide
HLT
+$121M
2
WYNN icon
Wynn Resorts
WYNN
+$93.8M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$82.3M
4
BABA icon
Alibaba
BABA
+$63.4M
5
TMUS icon
T-Mobile US
TMUS
+$53.1M

Top Sells

Rank Stock Value
1
DD icon
DuPont de Nemours
DD
+$127M
2
QSR icon
Restaurant Brands International
QSR
+$123M
3
META icon
Meta Platforms (Facebook)
META
+$117M
4
DLPH
Delphi Technologies PLC Ordinary Shares
DLPH
+$81.6M
5
EA icon
Electronic Arts
EA
+$80.9M

Sector Composition

Rank Sector Weight
1 Communication Services 33.39%
2 Consumer Discretionary 24.46%
3 Technology 19.36%
4 Industrials 12.76%
5 Financials 4.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TMUS icon
1
T-Mobile US
TMUS
$193B
$197M 9.14%
2,813,000
+825,816
+42% +$53.1M
MSFT icon
2
Microsoft
MSFT
$2.84T
$166M 7.67%
1,448,000
+251,700
+21% +$27.3M
CMCSA icon
3
Comcast
CMCSA
$79.1B
$157M 7.29%
4,445,584
-408,114
-8% -$14.4M
GOOGL icon
4
Alphabet (Google) Class A
GOOGL
$3.91T
$157M 7.26%
2,598,820
+1,360,220
+110% +$82.3M
BABA icon
5
Alibaba
BABA
$269B
$156M 7.23%
948,000
+358,000
+61% +$63.4M
NSC icon
6
Norfolk Southern
NSC
$78.8B
$135M 6.26%
749,000
+129,000
+21% +$22M
HLT icon
7
Hilton Worldwide
HLT
$74B
$124M 5.76%
+1,540,000
New +$121M
SSNC icon
8
SS&C Technologies
SSNC
$17.8B
$118M 5.49%
2,085,000
+215,000
+11% +$11.9M
FDC
9
DELISTED
First Data Corporation
FDC
$117M 5.4%
4,770,000
-1,339,528
-22% -$32.3M
INFO
10
DELISTED
IHS Markit Ltd. Common Shares
INFO
$111M 5.12%
2,048,000
+209,000
+11% +$11.2M
TIF
11
DELISTED
Tiffany & Co.
TIF
$109M 5.05%
846,000
+348,000
+70% +$45.5M
RJF icon
12
Raymond James Financial
RJF
$32.5B
$108M 4.99%
1,755,000
+325,500
+23% +$20.1M
SPOT icon
13
Spotify
SPOT
$99.2B
$99.1M 4.59%
548,000
+186,251
+51% +$34.2M
MGM icon
14
MGM Resorts International
MGM
$11.7B
$87.6M 4.05%
3,138,000
+433,000
+16% +$12.6M
WYNN icon
15
Wynn Resorts
WYNN
$10.1B
$80.3M 3.72%
+632,000
New +$93.8M
MHK icon
16
Mohawk Industries
MHK
$6.9B
$79.8M 3.69%
455,000
-117,186
-20% -$23M
PTC icon
17
PTC
PTC
$13.7B
$69.1M 3.2%
650,412
-279,300
-30% -$27.3M
PAGS icon
18
PagSeguro Digital
PAGS
$2.57B
$65M 3.01%
2,348,000
+233,000
+11% +$6.34M
GPN icon
19
Global Payments
GPN
$22.1B
$23.7M 1.1%
186,165
-423,835
-69% -$51M
DD icon
20
DuPont de Nemours
DD
$18.6B
– –
-759,238
Closed -$127M
DLTR icon
21
Dollar Tree
DLTR
$23.1B
– –
-860,000
Closed -$73.1M
EA icon
22
Electronic Arts
EA
$52.4B
– –
-574,000
Closed -$80.9M
META icon
23
Meta Platforms (Facebook)
META
$1.51T
– –
-602,800
Closed -$117M
QSR icon
24
Restaurant Brands International
QSR
$25.1B
– –
-2,040,000
Closed -$123M
TTWO icon
25
Take-Two Interactive
TTWO
$43B
– –
-586,332
Closed -$69.4M
1
2

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Palestra Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Palestra Capital Management held 26 positions worth $2.16B, down 5.6% from $2.29B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Palestra Capital Management withdrew a net $215M in Q3 2018, closing 7 positions and reducing 5 holdings. Its most notable exit was DuPont de Nemours, an estimated $127M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 33% of assets, down from 34% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Palestra Capital Management opened a new position in Hilton Worldwide worth $124M.

  • Palestra Capital Management's largest Q3 2018 buy was Hilton Worldwide: 1,540,000 shares worth $124M.
  • Palestra Capital Management added most to Alphabet (Google) Class A in Q3 2018, an estimated $82.3M increase.
  • Palestra Capital Management's biggest Q3 2018 reduction was Global Payments, cutting an estimated $51M.
  • Palestra Capital Management fully exited DuPont de Nemours in Q3 2018, selling an estimated $127M.
  • Palestra Capital Management's ten largest holdings make up 67% of its $2.16B portfolio in Q3 2018.
  • Palestra Capital Management opened 2 new positions and closed 7 in Q3 2018.
  • Palestra Capital Management's portfolio value fell 5.6% quarter-over-quarter to $2.16B.

Based on Palestra Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.