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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
-1.12%
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
$2.13B
AUM Growth
+$10.6M
Cap. Flow
+$176M
Cap. Flow %
8.29%
Top 10 Hldgs %
70.84%
Holding
24
New
5
Increased
5
Reduced
7
Closed
6

Top Buys

Rank Stock Value
1
UNP icon
Union Pacific
UNP
+$207M
2
AMZN icon
Amazon
AMZN
+$129M
3
PTC icon
PTC
PTC
+$124M
4
NFLX icon
Netflix
NFLX
+$110M
5
HLT icon
Hilton Worldwide
HLT
+$104M

Top Sells

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$188M
2
TRU icon
TransUnion
TRU
+$158M
3
FIS icon
Fidelity National Information Services
FIS
+$152M
4
AVTR icon
Avantor
AVTR
+$68.6M
5
DISH
DISH Network Corp.
DISH
+$57.6M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 25.07%
2 Technology 21.93%
3 Communication Services 20.13%
4 Industrials 11.85%
5 Financials 10.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.89T
$196M 9.24%
843,236
-51,208
-6% -$13.5M
GOOGL icon
2
Alphabet (Google) Class A
GOOGL
$3.99T
$192M 9.01%
2,002,891
+289,011
+17% +$32M
UNP icon
3
Union Pacific
UNP
$178B
$182M 8.58%
+936,202
New +$207M
WDAY icon
4
Workday
WDAY
$36.4B
$156M 7.36%
1,027,797
-214,491
-17% -$33.6M
V icon
5
Visa
V
$689B
$150M 7.04%
841,905
+441,905
+110% +$89.9M
VMC icon
6
Vulcan Materials
VMC
$36.9B
$143M 6.73%
907,462
+289,462
+47% +$47M
RACE icon
7
Ferrari
RACE
$66.8B
$131M 6.18%
709,534
+65,973
+10% +$13.2M
DISH
8
DELISTED
DISH Network Corp.
DISH
$120M 5.65%
8,687,914
-3,258,160
-27% -$57.6M
AMZN icon
9
Amazon
AMZN
$2.49T
$119M 5.59%
1,051,489
+1,019,933
+3,232% +$129M
NFLX icon
10
Netflix
NFLX
$293B
$116M 5.47%
+4,935,620
New +$110M
PTC icon
11
PTC
PTC
$14.5B
$113M 5.33%
+1,082,573
New +$124M
EXPE icon
12
Expedia Group
EXPE
$33.4B
$105M 4.95%
1,123,407
-231,508
-17% -$23.6M
HLT icon
13
Hilton Worldwide
HLT
$75.3B
$98.9M 4.65%
+820,039
New +$104M
AVTR icon
14
Avantor
AVTR
$8.03B
$80.1M 3.77%
4,086,467
-2,562,710
-39% -$68.6M
BBWI icon
15
Bath & Body Works
BBWI
$4.13B
$78.6M 3.7%
2,410,411
-450,480
-16% -$15.9M
APO icon
16
Apollo Global Management
APO
$71.6B
$74.1M 3.49%
1,593,821
-674,532
-30% -$37.1M
TT icon
17
Trane Technologies
TT
$107B
$69.5M 3.27%
+479,798
New +$71.7M
CONXW
18
DELISTED
CONX Corp. Warrant
CONXW
$80K ﹤0.01%
1,000,000
– –
FIS icon
19
Fidelity National Information Services
FIS
$22.3B
– –
-1,653,551
Closed -$152M
NSC icon
20
Norfolk Southern
NSC
$77.1B
– –
-828,620
Closed -$188M
TRU icon
21
TransUnion
TRU
$14.9B
– –
-1,978,103
Closed -$158M
BSLKW
22
DELISTED
Bolt Projects Holdings Warrant
BSLKW
– –
-332,666
Closed -$23K
GSEVW
23
DELISTED
Gores Holdings VII, Inc. Warrant
GSEVW
– –
-31,190
Closed -$14K
GSEV
24
DELISTED
Gores Holdings VII, Inc. Class A Common Stock
GSEV
– –
-250,895
Closed -$2.46M

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DCM
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RG
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Palestra Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Palestra Capital Management held 24 positions worth $2.13B, up 0.5% from $2.12B the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Palestra Capital Management deployed $176M of net new capital in Q3 2022, opening 5 new positions and adding to 5 existing holdings. Its largest new stake was Union Pacific: 936,202 shares worth $182M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 15% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Avantor, an estimated $68.6M trimmed.

  • Palestra Capital Management's largest Q3 2022 buy was Union Pacific: 936,202 shares worth $182M.
  • Palestra Capital Management added most to Amazon in Q3 2022, an estimated $129M increase.
  • Palestra Capital Management's biggest Q3 2022 reduction was Avantor, cutting an estimated $68.6M.
  • Palestra Capital Management fully exited Norfolk Southern in Q3 2022, selling an estimated $188M.
  • Palestra Capital Management's ten largest holdings make up 71% of its $2.13B portfolio in Q3 2022.
  • Palestra Capital Management opened 5 new positions and closed 6 in Q3 2022.
  • Palestra Capital Management's portfolio value rose 0.5% quarter-over-quarter to $2.13B.

Based on Palestra Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.