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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
+13.98%
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
$4.3B
AUM Growth
+$308M
Cap. Flow
+$35M
Cap. Flow %
0.81%
Top 10 Hldgs %
52.38%
Holding
38
New
12
Increased
9
Reduced
7
Closed
9

Top Buys

Rank Stock Value
1
KMX icon
CarMax
KMX
+$197M
2
BABA icon
Alibaba
BABA
+$149M
3
AVTR icon
Avantor
AVTR
+$142M
4
ENTG icon
Entegris
ENTG
+$116M
5
PLAN
Anaplan, Inc.
PLAN
+$114M

Top Sells

Rank Stock Value
1
CHTR icon
Charter Communications
CHTR
+$232M
2
DLTR icon
Dollar Tree
DLTR
+$181M
3
VRSN icon
VeriSign
VRSN
+$164M
4
LOW icon
Lowe's Companies
LOW
+$164M
5
LHX icon
L3Harris
LHX
+$142M

Sector Composition

Rank Sector Weight
1 Technology 35.33%
2 Communication Services 19.53%
3 Consumer Discretionary 16.34%
4 Industrials 8.34%
5 Healthcare 8.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OPTU
1
Optimum Communications Inc
OPTU
$298M
$284M 6.61%
10,921,008
+249,103
+2% +$6.47M
MSFT icon
2
Microsoft
MSFT
$2.92T
$277M 6.45%
1,318,825
+332,240
+34% +$69.8M
DISH
3
DELISTED
DISH Network Corp.
DISH
$248M 5.77%
8,548,245
+3,099,155
+57% +$102M
FIS icon
4
Fidelity National Information Services
FIS
$23.2B
$241M 5.61%
1,637,178
-138,050
-8% -$20M
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.08T
$229M 5.34%
3,130,640
+814,120
+35% +$62M
STZ icon
6
Constellation Brands
STZ
$22.5B
$224M 5.2%
1,179,810
-100,255
-8% -$18.3M
A icon
7
Agilent Technologies
A
$39.7B
$194M 4.52%
1,924,678
+468,827
+32% +$45.3M
TRU icon
8
TransUnion
TRU
$16.2B
$188M 4.38%
2,235,865
+1,025,900
+85% +$88.6M
NUAN
9
DELISTED
Nuance Communications, Inc.
NUAN
$184M 4.28%
5,547,560
+1,341,925
+32% +$38.9M
KMX icon
10
CarMax
KMX
$8.36B
$181M 4.21%
+1,969,685
New +$197M
CSX icon
11
CSX Corp
CSX
$94.2B
$179M 4.16%
6,908,100
-1,218,210
-15% -$30.1M
CPAY icon
12
Corpay
CPAY
$25.1B
$169M 3.94%
711,118
+4,976
+0.7% +$1.23M
BABA icon
13
Alibaba
BABA
$276B
$166M 3.86%
+564,740
New +$149M
UBER icon
14
Uber
UBER
$144B
$157M 3.64%
4,292,304
-1,710,335
-28% -$56.5M
AVTR icon
15
Avantor
AVTR
$8.48B
$154M 3.58%
+6,840,000
New +$142M
PLAN
16
DELISTED
Anaplan, Inc.
PLAN
$138M 3.21%
+2,206,445
New +$114M
GPN icon
17
Global Payments
GPN
$23.9B
$134M 3.13%
756,883
+181,618
+32% +$31.4M
ENTG icon
18
Entegris
ENTG
$18B
$128M 2.99%
+1,727,877
New +$116M
AMZN icon
19
Amazon
AMZN
$2.48T
$116M 2.7%
737,500
-306,000
-29% -$48.2M
TSM icon
20
TSMC
TSM
$2.03T
$114M 2.66%
+1,407,718
New +$107M
XYZ
21
Block Inc
XYZ
$49.5B
$109M 2.54%
+672,345
New +$94.9M
BKNG icon
22
Booking.com
BKNG
$154B
$101M 2.34%
+1,469,500
New +$103M
EXPE icon
23
Expedia Group
EXPE
$35.5B
$95.9M 2.23%
+1,045,810
New +$94.1M
OUT icon
24
Outfront Media
OUT
$5.72B
$78.6M 1.83%
+5,490,623
New +$82.1M
LBRDK icon
25
Liberty Broadband Class C
LBRDK
$4.72B
$47.8M 1.11%
+334,480
New +$46M
1
2

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Palestra Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Palestra Capital Management held 38 positions worth $4.3B, up 7.7% from $3.99B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Palestra Capital Management's Q3 2020 filing shows 12 new, 9 increased, 7 reduced and 9 closed positions. Its largest new stake was CarMax: 1,969,685 shares worth $181M. The largest sale was Charter Communications, an estimated $232M.

By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Communication Services and Consumer Discretionary.

  • Palestra Capital Management's largest Q3 2020 buy was CarMax: 1,969,685 shares worth $181M.
  • Palestra Capital Management added most to DISH Network Corp. in Q3 2020, an estimated $102M increase.
  • Palestra Capital Management's biggest Q3 2020 reduction was Charter Communications, cutting an estimated $232M.
  • Palestra Capital Management fully exited Dollar Tree in Q3 2020, selling an estimated $181M.
  • Palestra Capital Management's ten largest holdings make up 52% of its $4.3B portfolio in Q3 2020.
  • Palestra Capital Management opened 12 new positions and closed 9 in Q3 2020.
  • Palestra Capital Management's portfolio value rose 7.7% quarter-over-quarter to $4.3B.

Based on Palestra Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.