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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
-15.51%
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
$3.09B
AUM Growth
-$276M
Cap. Flow
+$320M
Cap. Flow %
10.36%
Top 10 Hldgs %
63.78%
Holding
37
New
14
Increased
10
Reduced
2
Closed
11

Top Buys

Rank Stock Value
1
CSX icon
CSX Corp
CSX
+$217M
2
AMZN icon
Amazon
AMZN
+$212M
3
CHTR icon
Charter Communications
CHTR
+$126M
4
STZ icon
Constellation Brands
STZ
+$118M
5
LHX icon
L3Harris
LHX
+$112M

Top Sells

Rank Stock Value
1
RTN
Raytheon Company
RTN
+$171M
2
CRM icon
Salesforce
CRM
+$153M
3
VMC icon
Vulcan Materials
VMC
+$151M
4
ADBE icon
Adobe
ADBE
+$145M
5
DIS icon
Walt Disney
DIS
+$128M

Sector Composition

Rank Sector Weight
1 Communication Services 28.07%
2 Consumer Discretionary 21.22%
3 Technology 20.56%
4 Industrials 19.87%
5 Consumer Staples 7.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FIS icon
1
Fidelity National Information Services
FIS
$24.2B
$235M 7.63%
1,935,438
-845
-0% -$117K
CHTR icon
2
Charter Communications
CHTR
$17.3B
$229M 7.43%
525,235
+256,935
+96% +$126M
LHX icon
3
L3Harris
LHX
$55.4B
$223M 7.22%
1,236,225
+544,350
+79% +$112M
AMZN icon
4
Amazon
AMZN
$2.44T
$213M 6.92%
+2,189,280
New +$212M
MSFT icon
5
Microsoft
MSFT
$2.9T
$199M 6.46%
1,264,370
+393,490
+45% +$64.7M
OPTU
6
Optimum Communications Inc
OPTU
$298M
$197M 6.39%
8,840,624
+3,230,670
+58% +$84.3M
LOW icon
7
Lowe's Companies
LOW
$121B
$182M 5.9%
2,115,515
+868,365
+70% +$94.9M
CSX icon
8
CSX Corp
CSX
$94B
$178M 5.75%
+9,293,700
New +$217M
NYT icon
9
New York Times
NYT
$12.6B
$156M 5.06%
5,081,083
+2,094,310
+70% +$71.9M
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$4.12T
$155M 5.04%
2,675,500
+515,500
+24% +$34.9M
DLTR icon
11
Dollar Tree
DLTR
$24.8B
$150M 4.87%
2,043,735
+568,930
+39% +$48.4M
CPAY icon
12
Corpay
CPAY
$25.7B
$131M 4.25%
703,377
+49,585
+8% +$13.7M
GPN icon
13
Global Payments
GPN
$24.1B
$118M 3.81%
815,275
+24,275
+3% +$4.44M
STZ icon
14
Constellation Brands
STZ
$22.5B
$96M 3.11%
+669,380
New +$118M
NSC icon
15
Norfolk Southern
NSC
$75.4B
$95.4M 3.09%
653,559
-99,675
-13% -$18.4M
QSR icon
16
Restaurant Brands International
QSR
$26.2B
$71.3M 2.31%
+1,780,000
New +$101M
BABA icon
17
Alibaba
BABA
$276B
$67.1M 2.17%
+345,000
New +$72M
TMUS icon
18
T-Mobile US
TMUS
$195B
$65M 2.11%
+775,000
New +$65.6M
TTWO icon
19
Take-Two Interactive
TTWO
$46.1B
$63.5M 2.06%
+535,000
New +$63.2M
A icon
20
Agilent Technologies
A
$39.6B
$48.7M 1.58%
+679,636
New +$54.6M
NKE icon
21
Nike
NKE
$64.1B
$48M 1.56%
+580,000
New +$54M
ORLY icon
22
O'Reilly Automotive
ORLY
$75.1B
$46.7M 1.51%
+2,325,000
New +$59.4M
PLAN
23
DELISTED
Anaplan, Inc.
PLAN
$37.8M 1.23%
+1,250,000
New +$62.3M
WEX icon
24
WEX
WEX
$6.42B
$30.8M 1%
+294,181
New +$54.9M
AAP icon
25
Advance Auto Parts
AAP
$3.53B
$26.5M 0.86%
+283,638
New +$36.7M
1
2

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Palestra Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Palestra Capital Management held 37 positions worth $3.09B, down 8.2% from $3.36B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Palestra Capital Management deployed $320M of net new capital in Q1 2020, opening 14 new positions and adding to 10 existing holdings. Its largest new stake was CSX Corp: 9,293,700 shares worth $178M.

By sector, the portfolio is most concentrated in Communication Services at 28% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Norfolk Southern, an estimated $18.4M trimmed.

  • Palestra Capital Management's largest Q1 2020 buy was CSX Corp: 9,293,700 shares worth $178M.
  • Palestra Capital Management added most to Charter Communications in Q1 2020, an estimated $126M increase.
  • Palestra Capital Management's biggest Q1 2020 reduction was Norfolk Southern, cutting an estimated $18.4M.
  • Palestra Capital Management fully exited Raytheon Company in Q1 2020, selling an estimated $171M.
  • Palestra Capital Management's ten largest holdings make up 64% of its $3.09B portfolio in Q1 2020.
  • Palestra Capital Management opened 14 new positions and closed 11 in Q1 2020.
  • Palestra Capital Management's portfolio value fell 8.2% quarter-over-quarter to $3.09B.

Based on Palestra Capital Management's 13F filing for Q1 2020, filed 15 May 2020.