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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
+5.52%
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
$3.36B
AUM Growth
+$331M
Cap. Flow
+$225M
Cap. Flow %
6.69%
Top 10 Hldgs %
51.88%
Holding
28
New
6
Increased
6
Reduced
11
Closed
5

Top Buys

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$155M
2
CRM icon
Salesforce
CRM
+$147M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$139M
4
CHTR icon
Charter Communications
CHTR
+$123M
5
UBER icon
Uber
UBER
+$117M

Top Sells

Rank Stock Value
1
CMCSA icon
Comcast
CMCSA
+$155M
2
TTWO icon
Take-Two Interactive
TTWO
+$98.5M
3
INFO
IHS Markit Ltd. Common Shares
INFO
+$94.3M
4
BKI
Black Knight, Inc. Common Stock
BKI
+$89.3M
5
PLAN
Anaplan, Inc.
PLAN
+$71.5M

Sector Composition

Rank Sector Weight
1 Technology 30.01%
2 Industrials 21.33%
3 Communication Services 19.4%
4 Consumer Discretionary 11.04%
5 Consumer Staples 7.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FIS icon
1
Fidelity National Information Services
FIS
$21.5B
$269M 8.01%
1,936,283
-46,175
-2% -$6.19M
BA icon
2
CALL
Boeing
BA
$165B
$218M 6.49%
670,000
+300,000
+81% +$106M
CPAY icon
3
Corpay
CPAY
$24.2B
$188M 5.6%
653,792
+86,645
+15% +$25.6M
RTN
4
DELISTED
Raytheon Company
RTN
$171M 5.08%
777,020
-127,430
-14% -$26.9M
OPTU
5
Optimum Communications Inc
OPTU
$316M
$153M 4.56%
5,609,954
-1,258,578
-18% -$34.8M
CRM icon
6
Salesforce
CRM
$134B
$153M 4.54%
+938,325
New +$147M
VMC icon
7
Vulcan Materials
VMC
$36.3B
$151M 4.5%
1,050,645
+169,755
+19% +$24.3M
LOW icon
8
Lowe's Companies
LOW
$116B
$149M 4.44%
1,247,150
-58,620
-4% -$6.7M
NSC icon
9
Norfolk Southern
NSC
$78.8B
$146M 4.35%
753,234
-178,764
-19% -$33.5M
ADBE icon
10
Adobe
ADBE
$89.5B
$145M 4.31%
439,169
-105,645
-19% -$31.1M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$3.91T
$145M 4.3%
+2,160,000
New +$139M
GPN icon
12
Global Payments
GPN
$22.1B
$144M 4.3%
791,000
+252,670
+47% +$43.4M
DLTR icon
13
Dollar Tree
DLTR
$23.1B
$139M 4.13%
+1,474,805
New +$155M
MSFT icon
14
Microsoft
MSFT
$2.84T
$137M 4.08%
870,880
-280,275
-24% -$41.2M
LHX icon
15
L3Harris
LHX
$55.9B
$137M 4.07%
691,875
+125,705
+22% +$25.2M
CHTR icon
16
Charter Communications
CHTR
$14.7B
$130M 3.87%
+268,300
New +$123M
DIS icon
17
Walt Disney
DIS
$165B
$128M 3.81%
884,610
-205,265
-19% -$28.7M
KMX icon
18
CarMax
KMX
$8.27B
$126M 3.73%
1,431,594
+152,729
+12% +$14.4M
BA icon
19
Boeing
BA
$165B
$119M 3.54%
365,000
-10,130
-3% -$3.59M
UBER icon
20
Uber
UBER
$134B
$117M 3.48%
+3,929,765
New +$117M
PFGC icon
21
Performance Food Group
PFGC
$17.5B
$104M 3.1%
+2,025,000
New +$92.6M
RCL icon
22
Royal Caribbean
RCL
$78.7B
$96.3M 2.86%
721,000
-559,545
-44% -$65.2M
NYT icon
23
New York Times
NYT
$11.6B
$96.1M 2.86%
2,986,773
-53,500
-2% -$1.66M
CMCSA icon
24
Comcast
CMCSA
$79.1B
– –
-3,439,135
Closed -$155M
TTWO icon
25
Take-Two Interactive
TTWO
$43B
– –
-785,982
Closed -$98.5M
1
2

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Palestra Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Palestra Capital Management held 28 positions worth $3.36B, up 11% from $3.03B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Palestra Capital Management deployed $225M of net new capital in Q4 2019, opening 6 new positions and adding to 6 existing holdings. Its largest new stake was Dollar Tree: 1,474,805 shares worth $139M.

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

On the sell side, the largest reduction was Royal Caribbean, an estimated $65.2M trimmed.

  • Palestra Capital Management's largest Q4 2019 buy was Dollar Tree: 1,474,805 shares worth $139M.
  • Palestra Capital Management added most to Global Payments in Q4 2019, an estimated $43.4M increase.
  • Palestra Capital Management's biggest Q4 2019 reduction was Royal Caribbean, cutting an estimated $65.2M.
  • Palestra Capital Management fully exited Comcast in Q4 2019, selling an estimated $155M.
  • Palestra Capital Management's ten largest holdings make up 52% of its $3.36B portfolio in Q4 2019.
  • Palestra Capital Management opened 6 new positions and closed 5 in Q4 2019.
  • Palestra Capital Management's portfolio value rose 11% quarter-over-quarter to $3.36B.

Based on Palestra Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.