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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
-24.6%
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
$2.12B
AUM Growth
-$1.1B
(-34%)
Cap. Flow
-$324M
Cap. Flow
% of AUM
-15.34%
Top 10 Holdings %
Top 10 Hldgs %
83%
Holding
24
New
1
Increased
10
Reduced
4
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$82.7M |
| 2 |
Norfolk Southern
NSC
|
+$63.1M |
| 3 |
TransUnion
TRU
|
+$59.7M |
| 4 |
Expedia Group
EXPE
|
+$56.7M |
| 5 |
Workday
WDAY
|
+$43.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$141M |
| 2 |
Hilton Worldwide
HLT
|
+$130M |
| 3 |
Outfront Media
OUT
|
+$127M |
| 4 |
Vulcan Materials
VMC
|
+$115M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$104M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.23% |
| 2 | Communication Services | 18.96% |
| 3 | Financials | 16.52% |
| 4 | Consumer Discretionary | 15.46% |
| 5 | Healthcare | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.84T
| $230M | 10.86% |
894,444
+52,763
| +6% | +$14.3M |
|
|
DISH
2
DELISTED
DISH Network Corp.
DISH
| $214M | 10.13% |
11,946,074
+999,775
| +9% | +$24.2M |
|
3
Avantor
AVTR
$7.81B
| $207M | 9.78% |
6,649,177
-1,186,733
| -15% | -$37M |
|
|
4
Norfolk Southern
NSC
$78.8B
| $188M | 8.9% |
828,620
+256,740
| +45% | +$63.1M |
|
5
Alphabet (Google) Class A
GOOGL
$3.91T
| $187M | 8.83% |
1,713,880
+95,980
| +6% | +$11.3M |
|
|
6
Workday
WDAY
$33.4B
| $173M | 8.2% |
1,242,288
+237,959
| +24% | +$43.2M |
|
|
7
TransUnion
TRU
$14.8B
| $158M | 7.48% |
1,978,103
+693,338
| +54% | +$59.7M |
|
8
Fidelity National Information Services
FIS
$21.5B
| $152M | 7.17% |
1,653,551
-187,493
| -10% | -$18.6M |
|
|
9
Expedia Group
EXPE
$31.2B
| $128M | 6.07% |
1,354,915
+400,678
| +42% | +$56.7M |
|
10
Ferrari
RACE
$63.3B
| $118M | 5.58% |
643,561
+126,396
| +24% | +$25.2M |
|
11
Apollo Global Management
APO
$70.7B
| $110M | 5.2% |
2,268,353
+783,711
| +53% | +$42.6M |
|
|
12
Vulcan Materials
VMC
$36.3B
| $87.8M | 4.15% |
618,000
-696,069
| -53% | -$115M |
|
|
13
Visa
V
$677B
| $78.8M | 3.72% |
+400,000
| New | +$82.7M |
|
14
Bath & Body Works
BBWI
$4.01B
| $77M | 3.64% |
2,860,891
+769,279
| +37% | +$33.4M |
|
|
15
Amazon
AMZN
$2.5T
| $3.35M | 0.16% |
31,556
-1,123,024
| -97% | -$141M |
|
|
GSEV
16
DELISTED
Gores Holdings VII, Inc. Class A Common Stock
GSEV
| $2.46M | 0.12% |
250,895
| – | – |
|
|
CONXW
17
DELISTED
CONX Corp. Warrant
CONXW
| $156K | 0.01% |
1,000,000
| – | – |
|
|
BSLKW
18
DELISTED
Bolt Projects Holdings Warrant
BSLKW
| $23K | ﹤0.01% |
332,666
| – | – |
|
|
GSEVW
19
DELISTED
Gores Holdings VII, Inc. Warrant
GSEVW
| $14K | ﹤0.01% |
31,190
| – | – |
|
|
20
Hilton Worldwide
HLT
$74B
| – | – |
-855,065
| Closed | -$130M |
|
|
21
Outfront Media
OUT
$5.64B
| – | – |
-4,533,882
| Closed | -$127M |
|
|
SCHW
22
Charles Schwab
SCHW
$177B
| – | – |
-1,232,436
| Closed | -$104M |
|
23
Union Pacific
UNP
$183B
| – | – |
-372,855
| Closed | -$102M |
|
|
DISH
24
CALL
DELISTED
DISH Network Corp.
DISH
| – | – |
-232,500
| Closed | -$7.36M |
|
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Palestra Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, Palestra Capital Management held 24 positions worth $2.12B, down 34% from $3.21B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Palestra Capital Management withdrew a net $324M in Q2 2022, closing 5 positions and reducing 4 holdings. Its most notable exit was Hilton Worldwide, an estimated $130M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 21% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Palestra Capital Management opened a new position in Visa worth $78.8M.
- Palestra Capital Management's largest Q2 2022 buy was Visa: 400,000 shares worth $78.8M.
- Palestra Capital Management added most to Norfolk Southern in Q2 2022, an estimated $63.1M increase.
- Palestra Capital Management's biggest Q2 2022 reduction was Amazon, cutting an estimated $141M.
- Palestra Capital Management fully exited Hilton Worldwide in Q2 2022, selling an estimated $130M.
- Palestra Capital Management's ten largest holdings make up 83% of its $2.12B portfolio in Q2 2022.
- Palestra Capital Management opened 1 new position and closed 5 in Q2 2022.
- Palestra Capital Management's portfolio value fell 34% quarter-over-quarter to $2.12B.
Based on Palestra Capital Management's 13F filing for Q2 2022, filed 15 Aug 2022.