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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
+9.22%
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
$3.44B
AUM Growth
+$386M
Cap. Flow
+$118M
Cap. Flow %
3.42%
Top 10 Hldgs %
51.71%
Holding
30
New
6
Increased
8
Reduced
11
Closed
5

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$185M
2
LOW icon
Lowe's Companies
LOW
+$156M
3
VMC icon
Vulcan Materials
VMC
+$133M
4
RCL icon
Royal Caribbean
RCL
+$107M
5
FIS icon
Fidelity National Information Services
FIS
+$99.1M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$181M
2
BKNG icon
Booking.com
BKNG
+$113M
3
CPRT icon
Copart
CPRT
+$96.2M
4
WP
Worldpay, Inc.
WP
+$91.1M
5
DLTR icon
Dollar Tree
DLTR
+$79.5M

Sector Composition

Rank Sector Weight
1 Communication Services 30.39%
2 Technology 21.77%
3 Consumer Discretionary 18.1%
4 Industrials 15.22%
5 Materials 4.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OPTU
1
Optimum Communications Inc
OPTU
$316M
$226M 6.57%
9,286,286
+3,367,616
+57% +$80M
CMCSA icon
2
Comcast
CMCSA
$79.1B
$190M 5.51%
4,486,285
+1,328,170
+42% +$56M
CPAY icon
3
Corpay
CPAY
$24.2B
$187M 5.43%
665,495
-87,295
-12% -$22.9M
BA icon
4
Boeing
BA
$165B
$185M 5.38%
+508,205
New +$185M
UNP icon
5
Union Pacific
UNP
$183B
$179M 5.2%
1,058,095
+118,055
+13% +$20.2M
MSFT icon
6
Microsoft
MSFT
$2.84T
$177M 5.14%
1,319,380
+189,430
+17% +$24M
DIS icon
7
Walt Disney
DIS
$165B
$169M 4.9%
1,207,525
-42,235
-3% -$5.6M
NSC icon
8
Norfolk Southern
NSC
$78.8B
$160M 4.65%
802,883
-38,557
-5% -$7.65M
WP
9
DELISTED
Worldpay, Inc.
WP
$158M 4.61%
1,293,330
-767,705
-37% -$91.1M
LOW icon
10
Lowe's Companies
LOW
$116B
$149M 4.34%
+1,479,145
New +$156M
ADBE icon
11
Adobe
ADBE
$89.5B
$148M 4.29%
501,360
+87,720
+21% +$24.4M
VMC icon
12
Vulcan Materials
VMC
$36.3B
$143M 4.14%
+1,038,420
New +$133M
BKI
13
DELISTED
Black Knight, Inc. Common Stock
BKI
$134M 3.9%
2,232,025
-763,300
-25% -$43.4M
INFO
14
DELISTED
IHS Markit Ltd. Common Shares
INFO
$130M 3.79%
2,045,075
-300,830
-13% -$17.3M
NYT icon
15
New York Times
NYT
$11.6B
$121M 3.51%
3,701,533
+633,780
+21% +$21.1M
KMX icon
16
CarMax
KMX
$8.27B
$119M 3.46%
1,371,800
-62,882
-4% -$4.92M
RCL icon
17
Royal Caribbean
RCL
$78.7B
$106M 3.09%
+877,380
New +$107M
USFD icon
18
US Foods
USFD
$21.4B
$106M 3.07%
2,953,932
+331,515
+13% +$12M
TMUS icon
19
T-Mobile US
TMUS
$193B
$105M 3.06%
1,422,646
-897,224
-39% -$66.6M
TTWO icon
20
Take-Two Interactive
TTWO
$43B
$105M 3.05%
924,990
-46,235
-5% -$4.76M
FIS icon
21
Fidelity National Information Services
FIS
$21.5B
$103M 3.01%
+843,420
New +$99.1M
V icon
22
Visa
V
$677B
$92.8M 2.7%
534,833
-194,645
-27% -$31.9M
GRA
23
DELISTED
W.R. Grace & Co.
GRA
$92.4M 2.69%
1,214,198
+14,383
+1% +$1.08M
HLT icon
24
Hilton Worldwide
HLT
$74B
$88.3M 2.57%
903,580
-306,370
-25% -$27.8M
QSR icon
25
Restaurant Brands International
QSR
$25.1B
$67.6M 1.96%
+971,455
New +$65M
1
2

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DCM
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Palestra Capital Management's Q2 2019 Portfolio in Review

As of Q2 2019, Palestra Capital Management held 30 positions worth $3.44B, up 13% from $3.06B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Palestra Capital Management deployed $118M of net new capital in Q2 2019, opening 6 new positions and adding to 8 existing holdings. Its largest new stake was Boeing: 508,205 shares worth $185M.

By sector, the portfolio is most concentrated in Communication Services at 30% of assets, down from 34% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Worldpay, Inc., an estimated $91.1M trimmed.

  • Palestra Capital Management's largest Q2 2019 buy was Boeing: 508,205 shares worth $185M.
  • Palestra Capital Management added most to Optimum Communications Inc in Q2 2019, an estimated $80M increase.
  • Palestra Capital Management's biggest Q2 2019 reduction was Worldpay, Inc., cutting an estimated $91.1M.
  • Palestra Capital Management fully exited Alphabet (Google) Class A in Q2 2019, selling an estimated $181M.
  • Palestra Capital Management's ten largest holdings make up 52% of its $3.44B portfolio in Q2 2019.
  • Palestra Capital Management opened 6 new positions and closed 5 in Q2 2019.
  • Palestra Capital Management's portfolio value rose 13% quarter-over-quarter to $3.44B.

Based on Palestra Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.