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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
+7.22%
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
$1.82B
AUM Growth
-$304M
Cap. Flow
-$435M
Cap. Flow %
-23.86%
Top 10 Hldgs %
72.89%
Holding
22
New
4
Increased
2
Reduced
10
Closed
5

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$129M
2
FIS icon
Fidelity National Information Services
FIS
+$104M
3
JCI icon
Johnson Controls International
JCI
+$79.6M
4
LVS icon
Las Vegas Sands
LVS
+$74.1M
5
EXPE icon
Expedia Group
EXPE
+$7.71M

Top Sells

Rank Stock Value
1
DISH
DISH Network Corp.
DISH
+$120M
2
AMZN icon
Amazon
AMZN
+$119M
3
NFLX icon
Netflix
NFLX
+$116M
4
BBWI icon
Bath & Body Works
BBWI
+$78.6M
5
TT icon
Trane Technologies
TT
+$69.5M

Sector Composition

Rank Sector Weight
1 Technology 28.88%
2 Consumer Discretionary 21.03%
3 Communication Services 16.74%
4 Industrials 11.48%
5 Financials 11.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.89T
$178M 9.79%
743,374
-99,862
-12% -$24M
GOOGL icon
2
Alphabet (Google) Class A
GOOGL
$3.99T
$172M 9.47%
1,955,018
-47,873
-2% -$4.55M
V icon
3
Visa
V
$689B
$152M 8.33%
730,271
-111,634
-13% -$22.5M
META icon
4
Meta Platforms (Facebook)
META
$1.51T
$132M 7.27%
+1,100,017
New +$129M
WDAY icon
5
Workday
WDAY
$36.4B
$129M 7.09%
771,468
-256,329
-25% -$40M
UNP icon
6
Union Pacific
UNP
$178B
$126M 6.9%
607,312
-328,890
-35% -$67.5M
PTC icon
7
PTC
PTC
$14.5B
$119M 6.53%
990,220
-92,353
-9% -$11M
RACE icon
8
Ferrari
RACE
$66.8B
$109M 5.96%
506,828
-202,706
-29% -$41.8M
EXPE icon
9
Expedia Group
EXPE
$33.4B
$106M 5.8%
1,204,941
+81,534
+7% +$7.71M
VMC icon
10
Vulcan Materials
VMC
$36.9B
$105M 5.76%
598,760
-308,702
-34% -$52.8M
FIS icon
11
Fidelity National Information Services
FIS
$22.3B
$99.7M 5.48%
+1,470,083
New +$104M
AVTR icon
12
Avantor
AVTR
$8.03B
$89.9M 4.94%
4,263,756
+177,289
+4% +$3.67M
HLT icon
13
Hilton Worldwide
HLT
$75.3B
$84.9M 4.66%
671,963
-148,076
-18% -$19.5M
LVS icon
14
Las Vegas Sands
LVS
$31.6B
$84M 4.61%
+1,747,057
New +$74.1M
JCI icon
15
Johnson Controls International
JCI
$87.5B
$83.3M 4.57%
+1,301,087
New +$79.6M
APO icon
16
Apollo Global Management
APO
$71.6B
$51.8M 2.84%
812,006
-781,815
-49% -$46.4M
CONXW
17
DELISTED
CONX Corp. Warrant
CONXW
$150K 0.01%
1,000,000
– –
AMZN icon
18
Amazon
AMZN
$2.49T
– –
-1,051,489
Closed -$119M
BBWI icon
19
Bath & Body Works
BBWI
$4.13B
– –
-2,410,411
Closed -$78.6M
NFLX icon
20
Netflix
NFLX
$293B
– –
-4,935,620
Closed -$116M
TT icon
21
Trane Technologies
TT
$107B
– –
-479,798
Closed -$69.5M
DISH
22
DELISTED
DISH Network Corp.
DISH
– –
-8,687,914
Closed -$120M

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DCM
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RG
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YDMI
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Palestra Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Palestra Capital Management held 22 positions worth $1.82B, down 14% from $2.13B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Palestra Capital Management withdrew a net $435M in Q4 2022, closing 5 positions and reducing 10 holdings. Its most notable exit was DISH Network Corp., an estimated $120M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Palestra Capital Management opened a new position in Meta Platforms (Facebook) worth $132M.

  • Palestra Capital Management's largest Q4 2022 buy was Meta Platforms (Facebook): 1,100,017 shares worth $132M.
  • Palestra Capital Management added most to Expedia Group in Q4 2022, an estimated $7.71M increase.
  • Palestra Capital Management's biggest Q4 2022 reduction was Union Pacific, cutting an estimated $67.5M.
  • Palestra Capital Management fully exited DISH Network Corp. in Q4 2022, selling an estimated $120M.
  • Palestra Capital Management's ten largest holdings make up 73% of its $1.82B portfolio in Q4 2022.
  • Palestra Capital Management opened 4 new positions and closed 5 in Q4 2022.
  • Palestra Capital Management's portfolio value fell 14% quarter-over-quarter to $1.82B.

Based on Palestra Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.