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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
+8.03%
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
$3.45B
AUM Growth
-$1.26B
(-27%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-38.39%
Top 10 Holdings %
Top 10 Hldgs %
68.62%
Holding
43
New
10
Increased
3
Reduced
8
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$177M |
| 2 |
Vulcan Materials
VMC
|
+$174M |
| 3 |
TE Connectivity
TEL
|
+$154M |
| 4 |
Amazon
AMZN
|
+$139M |
| 5 |
DuPont de Nemours
DD
|
+$124M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bread Financial
BFH
|
+$355M |
| 2 |
Uber
UBER
|
+$216M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$215M |
| 4 |
PagSeguro Digital
PAGS
|
+$185M |
| 5 |
RH
RH
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.73% |
| 2 | Consumer Discretionary | 22.73% |
| 3 | Communication Services | 17.68% |
| 4 | Materials | 12.71% |
| 5 | Industrials | 9.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DISH
1
DELISTED
DISH Network Corp.
DISH
| $351M | 10.15% |
10,810,360
+743,348
| +7% | +$27.7M |
|
2
Avantor
AVTR
$8.03B
| $305M | 8.83% |
7,236,785
-569,000
| -7% | -$22.4M |
|
3
Alphabet (Google) Class A
GOOGL
$3.99T
| $260M | 7.53% |
1,795,580
-156,820
| -8% | -$22.6M |
|
4
Microsoft
MSFT
$2.89T
| $232M | 6.73% |
690,931
-235,945
| -25% | -$76.5M |
|
5
Fidelity National Information Services
FIS
$22.3B
| $231M | 6.69% |
2,118,423
-256,455
| -11% | -$29M |
|
6
Workday
WDAY
$36.4B
| $225M | 6.52% |
824,550
-237,785
| -22% | -$66M |
|
7
Expedia Group
EXPE
$33.4B
| $210M | 6.08% |
1,161,921
+194,115
| +20% | +$33M |
|
|
8
Norfolk Southern
NSC
$77.1B
| $188M | 5.45% |
+632,310
| New | +$177M |
|
|
9
Vulcan Materials
VMC
$36.9B
| $186M | 5.39% |
+896,980
| New | +$174M |
|
10
Ferrari
RACE
$66.8B
| $181M | 5.25% |
700,615
-155,155
| -18% | -$38.2M |
|
|
11
TE Connectivity
TEL
$60.2B
| $161M | 4.65% |
+995,090
| New | +$154M |
|
12
Bath & Body Works
BBWI
$4.13B
| $158M | 4.57% |
2,262,003
-355,580
| -14% | -$25.2M |
|
13
TransDigm Group
TDG
$71.9B
| $156M | 4.51% |
244,790
+51,335
| +27% | +$32.1M |
|
|
14
Amazon
AMZN
$2.49T
| $136M | 3.93% |
+813,560
| New | +$139M |
|
|
15
DuPont de Nemours
DD
$18.9B
| $132M | 3.83% |
+1,303,482
| New | +$124M |
|
16
Martin Marietta Materials
MLM
$34.3B
| $121M | 3.5% |
+274,060
| New | +$111M |
|
17
TJX Companies
TJX
$173B
| $100M | 2.91% |
+1,323,530
| New | +$91.8M |
|
18
Apollo Global Management
APO
$71.6B
| $38.7M | 1.12% |
+534,390
| New | +$38.6M |
|
19
KKR & Co
KKR
$91.3B
| $37.2M | 1.08% |
+499,440
| New | +$36.8M |
|
|
DISH
20
CALL
DELISTED
DISH Network Corp.
DISH
| $23.8M | 0.69% |
732,500
| – | – |
|
21
Performance Food Group
PFGC
$18B
| $11.8M | 0.34% |
+256,352
| New | +$11.7M |
|
|
PLAN
22
DELISTED
Anaplan, Inc.
PLAN
| $4.75M | 0.14% |
103,511
-2,591,489
| -96% | -$143M |
|
|
GSEV
23
DELISTED
Gores Holdings VII, Inc. Class A Common Stock
GSEV
| $2.45M | 0.07% |
250,895
| – | – |
|
|
CONXW
24
DELISTED
CONX Corp. Warrant
CONXW
| $860K | 0.02% |
1,000,000
| – | – |
|
|
CCVI.WS
25
DELISTED
Churchill Capital Corp VI Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share
CCVI.WS
| $701K | 0.02% |
683,731
| – | – |
|
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Palestra Capital Management's Q4 2021 Portfolio in Review
As of Q4 2021, Palestra Capital Management held 43 positions worth $3.45B, down 27% from $4.71B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Palestra Capital Management withdrew a net $1.33B in Q4 2021, closing 15 positions and reducing 8 holdings. Its most notable exit was Bread Financial, an estimated $355M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 34% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Palestra Capital Management opened a new position in Norfolk Southern worth $188M.
- Palestra Capital Management's largest Q4 2021 buy was Norfolk Southern: 632,310 shares worth $188M.
- Palestra Capital Management added most to Expedia Group in Q4 2021, an estimated $33M increase.
- Palestra Capital Management's biggest Q4 2021 reduction was Anaplan, Inc., cutting an estimated $143M.
- Palestra Capital Management fully exited Bread Financial in Q4 2021, selling an estimated $355M.
- Palestra Capital Management's ten largest holdings make up 69% of its $3.45B portfolio in Q4 2021.
- Palestra Capital Management opened 10 new positions and closed 15 in Q4 2021.
- Palestra Capital Management's portfolio value fell 27% quarter-over-quarter to $3.45B.
Based on Palestra Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.