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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
+7.46%
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
$4.64B
AUM Growth
-$120M
Cap. Flow
-$431M
Cap. Flow %
-9.28%
Top 10 Hldgs %
61.79%
Holding
44
New
13
Increased
8
Reduced
10
Closed
9

Top Buys

Rank Stock Value
1
BFH icon
Bread Financial
BFH
+$186M
2
WDAY icon
Workday
WDAY
+$152M
3
AMZN icon
Amazon
AMZN
+$140M
4
SNAP icon
Snap
SNAP
+$134M
5
EXPE icon
Expedia Group
EXPE
+$111M

Top Sells

Rank Stock Value
1
NUAN
Nuance Communications, Inc.
NUAN
+$249M
2
BKNG icon
Booking.com
BKNG
+$201M
3
TRU icon
TransUnion
TRU
+$187M
4
CSX icon
CSX Corp
CSX
+$164M
5
LVS icon
Las Vegas Sands
LVS
+$157M

Sector Composition

Rank Sector Weight
1 Technology 30.92%
2 Communication Services 22.93%
3 Consumer Discretionary 17.56%
4 Financials 11.43%
5 Industrials 8.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DISH
1
DELISTED
DISH Network Corp.
DISH
$389M 8.38%
9,312,272
+1,270,745
+16% +$53.4M
BFH icon
2
Bread Financial
BFH
$4.21B
$351M 7.56%
4,220,499
+2,060,321
+95% +$186M
AVTR icon
3
Avantor
AVTR
$7.81B
$333M 7.18%
9,387,785
-330,410
-3% -$10.7M
FIS icon
4
Fidelity National Information Services
FIS
$21.5B
$315M 6.78%
2,220,988
+77,915
+4% +$11.6M
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$3.91T
$310M 6.68%
2,540,200
-589,140
-19% -$68.8M
MSFT icon
6
Microsoft
MSFT
$2.84T
$252M 5.44%
931,881
-511,191
-35% -$130M
EXPE icon
7
Expedia Group
EXPE
$31.2B
$248M 5.34%
1,514,311
+644,205
+74% +$111M
BBWI icon
8
Bath & Body Works
BBWI
$4.01B
$240M 5.16%
4,116,189
+174,717
+4% +$9.44M
NSC icon
9
Norfolk Southern
NSC
$78.8B
$218M 4.69%
821,500
+352,720
+75% +$97.4M
OPTU
10
Optimum Communications Inc
OPTU
$316M
$213M 4.59%
6,248,562
-1,486,074
-19% -$52M
UBER icon
11
Uber
UBER
$134B
$212M 4.56%
4,222,852
+181,710
+4% +$9.49M
ATVI
12
DELISTED
Activision Blizzard
ATVI
$205M 4.42%
2,149,565
-69,230
-3% -$6.56M
GM icon
13
General Motors
GM
$74.7B
$182M 3.93%
3,082,282
-229,285
-7% -$13.5M
SNAP icon
14
Snap
SNAP
$7.32B
$152M 3.28%
+2,234,270
New +$134M
WDAY icon
15
Workday
WDAY
$33.4B
$151M 3.25%
+632,805
New +$152M
AMZN icon
16
Amazon
AMZN
$2.5T
$145M 3.13%
+845,300
New +$140M
CIT
17
DELISTED
CIT Group Inc.
CIT
$143M 3.09%
2,777,569
-481,935
-15% -$25.3M
PAGS icon
18
PagSeguro Digital
PAGS
$2.57B
$99.7M 2.15%
+1,782,795
New +$85.8M
TWLO icon
19
Twilio
TWLO
$29.1B
$91M 1.96%
+230,995
New +$80.2M
TDG icon
20
TransDigm Group
TDG
$69.2B
$84.6M 1.82%
+130,635
New +$81.9M
GFL icon
21
GFL Environmental
GFL
$14.3B
$76.2M 1.64%
+2,387,767
New +$78.1M
NUAN
22
DELISTED
Nuance Communications, Inc.
NUAN
$55.5M 1.19%
1,019,352
-4,729,948
-82% -$249M
XYZ
23
Block Inc
XYZ
$45.9B
$54.9M 1.18%
225,352
-436,688
-66% -$101M
CCVI
24
DELISTED
Churchill Capital Corp VI
CCVI
$33.9M 0.73%
+3,439,705
New +$34.2M
DISH
25
CALL
DELISTED
DISH Network Corp.
DISH
$30.6M 0.66%
732,500
-767,500
-51% -$32.3M
1
2

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Palestra Capital Management's Q2 2021 Portfolio in Review

As of Q2 2021, Palestra Capital Management held 44 positions worth $4.64B, down 2.5% from $4.76B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Palestra Capital Management withdrew a net $431M in Q2 2021, closing 9 positions and reducing 10 holdings. Its most notable exit was Booking.com, an estimated $201M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 34% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Palestra Capital Management opened a new position in Workday worth $151M.

  • Palestra Capital Management's largest Q2 2021 buy was Workday: 632,805 shares worth $151M.
  • Palestra Capital Management added most to Bread Financial in Q2 2021, an estimated $186M increase.
  • Palestra Capital Management's biggest Q2 2021 reduction was Nuance Communications, Inc., cutting an estimated $249M.
  • Palestra Capital Management fully exited Booking.com in Q2 2021, selling an estimated $201M.
  • Palestra Capital Management's ten largest holdings make up 62% of its $4.64B portfolio in Q2 2021.
  • Palestra Capital Management opened 13 new positions and closed 9 in Q2 2021.
  • Palestra Capital Management's portfolio value fell 2.5% quarter-over-quarter to $4.64B.

Based on Palestra Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.