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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
-15.04%
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
$2.08B
AUM Growth
-$76.7M
Cap. Flow
+$196M
Cap. Flow %
9.41%
Top 10 Hldgs %
74.76%
Holding
26
New
7
Increased
8
Reduced
4
Closed
7

Top Buys

Rank Stock Value
1
CPAY icon
Corpay
CPAY
+$162M
2
WP
Worldpay, Inc.
WP
+$152M
3
CPRT icon
Copart
CPRT
+$130M
4
SHW icon
Sherwin-Williams
SHW
+$109M
5
FDC
First Data Corporation
FDC
+$107M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$156M
2
TIF
Tiffany & Co.
TIF
+$109M
3
SPOT icon
Spotify
SPOT
+$99.1M
4
RJF icon
Raymond James Financial
RJF
+$92.9M
5
MGM icon
MGM Resorts International
MGM
+$81.4M

Sector Composition

Rank Sector Weight
1 Communication Services 32.33%
2 Technology 30.56%
3 Industrials 25.45%
4 Consumer Discretionary 6.56%
5 Materials 5.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TMUS icon
1
T-Mobile US
TMUS
$194B
$217M 10.43%
3,417,000
+604,000
+21% +$40.5M
GOOGL icon
2
Alphabet (Google) Class A
GOOGL
$4.22T
$210M 10.08%
4,018,000
+1,419,180
+55% +$76.7M
FDC
3
DELISTED
First Data Corporation
FDC
$173M 8.31%
10,240,000
+5,470,000
+115% +$107M
MSFT icon
4
Microsoft
MSFT
$3.69T
$161M 7.73%
1,584,600
+136,600
+9% +$14.6M
CPAY icon
5
Corpay
CPAY
$26.8B
$154M 7.4%
+830,700
New +$162M
HLT icon
6
Hilton Worldwide
HLT
$69.3B
$136M 6.54%
1,898,500
+358,500
+23% +$25.9M
WP
7
DELISTED
Worldpay, Inc.
WP
$134M 6.43%
+1,753,000
New +$152M
CMCSA icon
8
Comcast
CMCSA
$86.7B
$132M 6.34%
3,877,500
-568,084
-13% -$20.7M
CPRT icon
9
Copart
CPRT
$28.7B
$126M 6.04%
+10,543,140
New +$130M
INFO
10
DELISTED
IHS Markit Ltd. Common Shares
INFO
$114M 5.46%
2,370,500
+322,500
+16% +$16.5M
SHW icon
11
Sherwin-Williams
SHW
$78.5B
$106M 5.07%
+804,600
New +$109M
SSNC icon
12
SS&C Technologies
SSNC
$19.1B
$104M 5%
2,310,500
+225,500
+11% +$10.9M
NSC icon
13
Norfolk Southern
NSC
$71.9B
$93.9M 4.51%
627,800
-121,200
-16% -$19.9M
PTC icon
14
PTC
PTC
$14.4B
$83.3M 4%
1,004,955
+354,543
+55% +$31.1M
BA icon
15
Boeing
BA
$166B
$71.3M 3.42%
+221,000
New +$76.3M
UNP icon
16
Union Pacific
UNP
$169B
$66M 3.17%
+477,200
New +$70.7M
TTWO icon
17
Take-Two Interactive
TTWO
$39.6B
$649K 0.03%
+6,300
New +$725K
RJF icon
18
Raymond James Financial
RJF
$32.5B
$558K 0.03%
11,250
-1,743,750
-99% -$92.9M
MGM icon
19
MGM Resorts International
MGM
$9.87B
$412K 0.02%
17,000
-3,121,000
-99% -$81.4M
BABA icon
20
Alibaba
BABA
$272B
– –
-948,000
Closed -$156M
GPN icon
21
Global Payments
GPN
$23.5B
– –
-186,165
Closed -$23.7M
MHK icon
22
Mohawk Industries
MHK
$8.74B
– –
-455,000
Closed -$79.8M
PAGS icon
23
PagSeguro Digital
PAGS
$2.65B
– –
-2,348,000
Closed -$65M
SPOT icon
24
Spotify
SPOT
$115B
– –
-548,000
Closed -$99.1M
WYNN icon
25
Wynn Resorts
WYNN
$8.93B
– –
-632,000
Closed -$80.3M
1
2

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NIG
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Palestra Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Palestra Capital Management held 26 positions worth $2.08B, down 3.5% from $2.16B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Palestra Capital Management deployed $196M of net new capital in Q4 2018, opening 7 new positions and adding to 8 existing holdings. Its largest new stake was Corpay: 830,700 shares worth $154M.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 33% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Raymond James Financial, an estimated $92.9M trimmed.

  • Palestra Capital Management's largest Q4 2018 buy was Corpay: 830,700 shares worth $154M.
  • Palestra Capital Management added most to First Data Corporation in Q4 2018, an estimated $107M increase.
  • Palestra Capital Management's biggest Q4 2018 reduction was Raymond James Financial, cutting an estimated $92.9M.
  • Palestra Capital Management fully exited Alibaba in Q4 2018, selling an estimated $156M.
  • Palestra Capital Management's ten largest holdings make up 75% of its $2.08B portfolio in Q4 2018.
  • Palestra Capital Management opened 7 new positions and closed 7 in Q4 2018.
  • Palestra Capital Management's portfolio value fell 3.5% quarter-over-quarter to $2.08B.

Based on Palestra Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.