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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
+0.53%
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
$4.71B
AUM Growth
+$67M
Cap. Flow
+$189M
Cap. Flow %
4.02%
Top 10 Hldgs %
59.51%
Holding
44
New
9
Increased
11
Reduced
6
Closed
11

Top Buys

Rank Stock Value
1
RACE icon
Ferrari
RACE
+$184M
2
RH icon
RH
RH
+$171M
3
PLAN
Anaplan, Inc.
PLAN
+$160M
4
CTLT
CATALENT, INC.
CTLT
+$123M
5
VSXY
Victoria's Secret
VSXY
+$115M

Top Sells

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$218M
2
AMZN icon
Amazon
AMZN
+$145M
3
CIT
CIT Group Inc.
CIT
+$143M
4
BBWI icon
Bath & Body Works
BBWI
+$95.3M
5
TWLO icon
Twilio
TWLO
+$91M

Sector Composition

Rank Sector Weight
1 Technology 33.86%
2 Communication Services 22.09%
3 Consumer Discretionary 21.83%
4 Healthcare 9.56%
5 Financials 8.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DISH
1
DELISTED
DISH Network Corp.
DISH
$438M 9.29%
10,067,012
+754,740
+8% +$32.1M
BFH icon
2
Bread Financial
BFH
$4.29B
$355M 7.53%
4,403,675
+183,176
+4% +$14.2M
AVTR icon
3
Avantor
AVTR
$8.04B
$319M 6.78%
7,805,785
-1,582,000
-17% -$61.8M
FIS icon
4
Fidelity National Information Services
FIS
$22.3B
$289M 6.13%
2,374,878
+153,890
+7% +$20.6M
WDAY icon
5
Workday
WDAY
$36.4B
$265M 5.63%
1,062,335
+429,530
+68% +$106M
MSFT icon
6
Microsoft
MSFT
$2.89T
$261M 5.55%
926,876
-5,005
-0.5% -$1.46M
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$3.99T
$261M 5.54%
1,952,400
-587,800
-23% -$80M
UBER icon
8
Uber
UBER
$139B
$216M 4.58%
4,814,017
+591,165
+14% +$25.8M
ATVI
9
DELISTED
Activision Blizzard
ATVI
$215M 4.56%
2,778,365
+628,800
+29% +$52.5M
PAGS icon
10
PagSeguro Digital
PAGS
$2.62B
$185M 3.92%
3,571,755
+1,788,960
+100% +$100M
RACE icon
11
Ferrari
RACE
$66.8B
$179M 3.8%
+855,770
New +$184M
RH icon
12
RH
RH
$3.4B
$166M 3.52%
+248,565
New +$171M
BBWI icon
13
Bath & Body Works
BBWI
$4.13B
$165M 3.5%
2,617,583
-1,498,606
-36% -$95.3M
SNAP icon
14
Snap
SNAP
$7.6B
$164M 3.49%
2,223,675
-10,595
-0.5% -$765K
PLAN
15
DELISTED
Anaplan, Inc.
PLAN
$164M 3.48%
+2,695,000
New +$160M
GM icon
16
General Motors
GM
$78.8B
$163M 3.47%
3,101,592
+19,310
+0.6% +$1.03M
EXPE icon
17
Expedia Group
EXPE
$33.4B
$159M 3.37%
967,806
-546,505
-36% -$84.5M
OPTU
18
Optimum Communications Inc
OPTU
$298M
$138M 2.93%
6,669,586
+421,024
+7% +$12.3M
CTLT
19
DELISTED
CATALENT, INC.
CTLT
$131M 2.78%
+985,000
New +$123M
TDG icon
20
TransDigm Group
TDG
$71.9B
$121M 2.56%
193,455
+62,820
+48% +$39.2M
VSXY
21
Victoria's Secret
VSXY
$6.78B
$105M 2.22%
+1,894,193
New +$115M
GLBE icon
22
Global E Online
GLBE
$6.34B
$76.5M 1.62%
+1,065,000
New +$72M
ATVI
23
CALL
DELISTED
Activision Blizzard
ATVI
$50.3M 1.07%
+650,000
New +$54.3M
Z icon
24
Zillow
Z
$7.32B
$39.7M 0.84%
+450,000
New +$45.5M
CCVI
25
DELISTED
Churchill Capital Corp VI
CCVI
$33.8M 0.72%
3,461,260
+21,555
+0.6% +$212K
1
2

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Palestra Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Palestra Capital Management held 44 positions worth $4.71B, up 1.4% from $4.64B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Palestra Capital Management deployed $189M of net new capital in Q3 2021, opening 9 new positions and adding to 11 existing holdings. Its largest new stake was Ferrari: 855,770 shares worth $179M.

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

On the sell side, the largest reduction was Bath & Body Works, an estimated $95.3M trimmed.

  • Palestra Capital Management's largest Q3 2021 buy was Ferrari: 855,770 shares worth $179M.
  • Palestra Capital Management added most to Workday in Q3 2021, an estimated $106M increase.
  • Palestra Capital Management's biggest Q3 2021 reduction was Bath & Body Works, cutting an estimated $95.3M.
  • Palestra Capital Management fully exited Norfolk Southern in Q3 2021, selling an estimated $218M.
  • Palestra Capital Management's ten largest holdings make up 60% of its $4.71B portfolio in Q3 2021.
  • Palestra Capital Management opened 9 new positions and closed 11 in Q3 2021.
  • Palestra Capital Management's portfolio value rose 1.4% quarter-over-quarter to $4.71B.

Based on Palestra Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.