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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
+3.3%
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
$3.03B
AUM Growth
-$411M
Cap. Flow
-$475M
Cap. Flow %
-15.68%
Top 10 Hldgs %
56.74%
Holding
30
New
5
Increased
4
Reduced
13
Closed
8

Top Buys

Rank Stock Value
1
RTN
Raytheon Company
RTN
+$168M
2
FIS icon
Fidelity National Information Services
FIS
+$151M
3
LHX icon
L3Harris
LHX
+$116M
4
GPN icon
Global Payments
GPN
+$87.9M
5
PLAN
Anaplan, Inc.
PLAN
+$82.5M

Top Sells

Rank Stock Value
1
UNP icon
Union Pacific
UNP
+$179M
2
WP
Worldpay, Inc.
WP
+$158M
3
USFD icon
US Foods
USFD
+$106M
4
TMUS icon
T-Mobile US
TMUS
+$105M
5
V icon
Visa
V
+$92.8M

Sector Composition

Rank Sector Weight
1 Technology 29.6%
2 Communication Services 25.52%
3 Industrials 22.81%
4 Consumer Discretionary 13.03%
5 Materials 4.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FIS icon
1
Fidelity National Information Services
FIS
$21.5B
$263M 8.68%
1,982,458
+1,139,038
+135% +$151M
OPTU
2
Optimum Communications Inc
OPTU
$316M
$197M 6.5%
6,868,532
-2,417,754
-26% -$65.8M
RTN
3
DELISTED
Raytheon Company
RTN
$177M 5.85%
+904,450
New +$168M
NSC icon
4
Norfolk Southern
NSC
$78.8B
$167M 5.52%
931,998
+129,115
+16% +$23.8M
CPAY icon
5
Corpay
CPAY
$24.2B
$163M 5.37%
567,147
-98,348
-15% -$28.6M
MSFT icon
6
Microsoft
MSFT
$2.84T
$160M 5.28%
1,151,155
-168,225
-13% -$23.1M
CMCSA icon
7
Comcast
CMCSA
$79.1B
$155M 5.12%
3,439,135
-1,047,150
-23% -$46.4M
ADBE icon
8
Adobe
ADBE
$89.5B
$151M 4.97%
544,814
+43,454
+9% +$12.7M
LOW icon
9
Lowe's Companies
LOW
$116B
$144M 4.74%
1,305,770
-173,375
-12% -$18.3M
BA icon
10
Boeing
BA
$165B
$143M 4.71%
375,130
-133,075
-26% -$47.6M
DIS icon
11
Walt Disney
DIS
$165B
$142M 4.69%
1,089,875
-117,650
-10% -$16.3M
BA icon
12
CALL
Boeing
BA
$165B
$141M 4.64%
+370,000
New +$132M
RCL icon
13
Royal Caribbean
RCL
$78.7B
$139M 4.58%
1,280,545
+403,165
+46% +$44.4M
VMC icon
14
Vulcan Materials
VMC
$36.3B
$133M 4.4%
880,890
-157,530
-15% -$22.2M
LHX icon
15
L3Harris
LHX
$55.9B
$118M 3.9%
+566,170
New +$116M
KMX icon
16
CarMax
KMX
$8.27B
$113M 3.71%
1,278,865
-92,935
-7% -$7.98M
TTWO icon
17
Take-Two Interactive
TTWO
$43B
$98.5M 3.25%
785,982
-139,008
-15% -$17.3M
INFO
18
DELISTED
IHS Markit Ltd. Common Shares
INFO
$94.3M 3.11%
1,409,900
-635,175
-31% -$41.5M
BKI
19
DELISTED
Black Knight, Inc. Common Stock
BKI
$89.3M 2.94%
1,461,701
-770,324
-35% -$47.8M
NYT icon
20
New York Times
NYT
$11.6B
$86.6M 2.86%
3,040,273
-661,260
-18% -$20.9M
GPN icon
21
Global Payments
GPN
$22.1B
$85.6M 2.82%
+538,330
New +$87.9M
PLAN
22
DELISTED
Anaplan, Inc.
PLAN
$71.5M 2.36%
+1,520,856
New +$82.5M
HLT icon
23
Hilton Worldwide
HLT
$74B
– –
-903,580
Closed -$88.3M
QSR icon
24
Restaurant Brands International
QSR
$25.1B
– –
-971,455
Closed -$67.6M
TMUS icon
25
T-Mobile US
TMUS
$193B
– –
-1,422,646
Closed -$105M
1
2

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DCM
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RG
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Palestra Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Palestra Capital Management held 30 positions worth $3.03B, down 12% from $3.44B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Palestra Capital Management withdrew a net $475M in Q3 2019, closing 8 positions and reducing 13 holdings. Its most notable exit was Union Pacific, an estimated $179M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 22% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Palestra Capital Management opened a new position in Raytheon Company worth $177M.

  • Palestra Capital Management's largest Q3 2019 buy was Raytheon Company: 904,450 shares worth $177M.
  • Palestra Capital Management added most to Fidelity National Information Services in Q3 2019, an estimated $151M increase.
  • Palestra Capital Management's biggest Q3 2019 reduction was Optimum Communications Inc, cutting an estimated $65.8M.
  • Palestra Capital Management fully exited Union Pacific in Q3 2019, selling an estimated $179M.
  • Palestra Capital Management's ten largest holdings make up 57% of its $3.03B portfolio in Q3 2019.
  • Palestra Capital Management opened 5 new positions and closed 8 in Q3 2019.
  • Palestra Capital Management's portfolio value fell 12% quarter-over-quarter to $3.03B.

Based on Palestra Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.