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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
+25.32%
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
$3.99B
AUM Growth
+$903M
Cap. Flow
+$261M
Cap. Flow %
6.55%
Top 10 Hldgs %
51.52%
Holding
35
New
9
Increased
6
Reduced
11
Closed
9

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$187M
2
VRSN icon
VeriSign
VRSN
+$164M
3
DISH
DISH Network Corp.
DISH
+$152M
4
MU icon
Micron Technology
MU
+$114M
5
RTX icon
RTX Corp
RTX
+$104M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$138M
2
LOW icon
Lowe's Companies
LOW
+$103M
3
NSC icon
Norfolk Southern
NSC
+$95.4M
4
NYT icon
New York Times
NYT
+$71.7M
5
QSR icon
Restaurant Brands International
QSR
+$71.3M

Sector Composition

Rank Sector Weight
1 Technology 30.03%
2 Communication Services 23.78%
3 Industrials 14.33%
4 Consumer Discretionary 12.37%
5 Consumer Staples 10.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OPTU
1
Optimum Communications Inc
OPTU
$316M
$241M 6.03%
10,671,905
+1,831,281
+21% +$44.9M
FIS icon
2
Fidelity National Information Services
FIS
$21.5B
$238M 5.97%
1,775,228
-160,210
-8% -$21M
CHTR icon
3
Charter Communications
CHTR
$14.7B
$225M 5.64%
441,393
-83,842
-16% -$42.5M
STZ icon
4
Constellation Brands
STZ
$22.2B
$224M 5.61%
1,280,065
+610,685
+91% +$102M
MSFT icon
5
Microsoft
MSFT
$2.84T
$201M 5.03%
986,585
-277,785
-22% -$50.4M
CSX icon
6
CSX Corp
CSX
$98.6B
$189M 4.74%
8,126,310
-1,167,390
-13% -$25.8M
DISH
7
DELISTED
DISH Network Corp.
DISH
$188M 4.71%
+5,449,090
New +$152M
UBER icon
8
Uber
UBER
$134B
$187M 4.68%
+6,002,639
New +$187M
LHX icon
9
L3Harris
LHX
$55.9B
$183M 4.58%
1,076,065
-160,160
-13% -$30.1M
DLTR icon
10
Dollar Tree
DLTR
$23.1B
$181M 4.53%
1,948,970
-94,765
-5% -$7.9M
CPAY icon
11
Corpay
CPAY
$24.2B
$178M 4.45%
706,142
+2,765
+0.4% +$656K
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$3.91T
$164M 4.12%
2,316,520
-358,980
-13% -$24.2M
VRSN icon
13
VeriSign
VRSN
$25.3B
$164M 4.11%
+792,380
New +$164M
LOW icon
14
Lowe's Companies
LOW
$116B
$164M 4.1%
1,210,770
-904,745
-43% -$103M
AMZN icon
15
Amazon
AMZN
$2.5T
$144M 3.61%
1,043,500
-1,145,780
-52% -$138M
NYT icon
16
New York Times
NYT
$11.6B
$131M 3.27%
3,108,231
-1,972,852
-39% -$71.7M
A icon
17
Agilent Technologies
A
$39.1B
$129M 3.23%
1,455,851
+776,215
+114% +$63.6M
MU icon
18
Micron Technology
MU
$1.04T
$125M 3.12%
+2,419,545
New +$114M
ORLY icon
19
O'Reilly Automotive
ORLY
$72.4B
$107M 2.69%
3,821,475
+1,496,475
+64% +$39.1M
NUAN
20
DELISTED
Nuance Communications, Inc.
NUAN
$106M 2.67%
+4,205,635
New +$87.8M
TRU icon
21
TransUnion
TRU
$14.8B
$105M 2.64%
+1,209,965
New +$96.6M
RTX icon
22
RTX Corp
RTX
$287B
$103M 2.57%
+1,663,500
New +$104M
GPN icon
23
Global Payments
GPN
$22.1B
$97.6M 2.45%
575,265
-240,010
-29% -$39.9M
ALLY icon
24
Ally Financial
ALLY
$13.1B
$90.8M 2.28%
4,578,225
+3,034,937
+197% +$51.6M
IAA
25
DELISTED
IAA, Inc. Common Stock
IAA
$78.4M 1.96%
+2,032,210
New +$75.8M
1
2

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DCM
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Palestra Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Palestra Capital Management held 35 positions worth $3.99B, up 29% from $3.09B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Palestra Capital Management deployed $261M of net new capital in Q2 2020, opening 9 new positions and adding to 6 existing holdings. Its largest new stake was Uber: 6,002,639 shares worth $187M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 21% a quarter earlier, followed by Communication Services and Industrials.

On the sell side, the largest reduction was Amazon, an estimated $138M trimmed.

  • Palestra Capital Management's largest Q2 2020 buy was Uber: 6,002,639 shares worth $187M.
  • Palestra Capital Management added most to Constellation Brands in Q2 2020, an estimated $102M increase.
  • Palestra Capital Management's biggest Q2 2020 reduction was Amazon, cutting an estimated $138M.
  • Palestra Capital Management fully exited Norfolk Southern in Q2 2020, selling an estimated $95.4M.
  • Palestra Capital Management's ten largest holdings make up 52% of its $3.99B portfolio in Q2 2020.
  • Palestra Capital Management opened 9 new positions and closed 9 in Q2 2020.
  • Palestra Capital Management's portfolio value rose 29% quarter-over-quarter to $3.99B.

Based on Palestra Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.