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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
+18.47%
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
$1.86B
AUM Growth
+$39.4M
(+2.2%)
Cap. Flow
-$186M
Cap. Flow
% of AUM
-10.01%
Top 10 Holdings %
Top 10 Hldgs %
59.09%
Holding
29
New
12
Increased
1
Reduced
9
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSX Corp
CSX
|
+$113M |
| 2 |
Salesforce
CRM
|
+$104M |
| 3 |
Clorox
CLX
|
+$89.1M |
| 4 |
Performance Food Group
PFGC
|
+$83.5M |
| 5 |
Allstate
ALL
|
+$78.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Union Pacific
UNP
|
+$126M |
| 2 |
Ferrari
RACE
|
+$109M |
| 3 |
Fidelity National Information Services
FIS
|
+$99.7M |
| 4 |
Avantor
AVTR
|
+$89.9M |
| 5 |
Microsoft
MSFT
|
+$89.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.56% |
| 2 | Communication Services | 18.23% |
| 3 | Financials | 17.45% |
| 4 | Industrials | 12.66% |
| 5 | Consumer Staples | 9.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.51T
| $145M | 7.81% |
685,715
-414,302
| -38% | -$70.6M |
|
|
2
Salesforce
CRM
$149B
| $123M | 6.61% |
+615,858
| New | +$104M |
|
3
Alphabet (Google) Class A
GOOGL
$4.08T
| $116M | 6.21% |
1,114,256
-840,762
| -43% | -$80.7M |
|
|
4
Microsoft
MSFT
$2.92T
| $113M | 6.07% |
392,056
-351,318
| -47% | -$89.6M |
|
5
Visa
V
$697B
| $112M | 6.04% |
498,496
-231,775
| -32% | -$51.6M |
|
|
6
CSX Corp
CSX
$94.2B
| $110M | 5.9% |
+3,669,012
| New | +$113M |
|
7
PTC
PTC
$14.7B
| $104M | 5.58% |
809,144
-181,076
| -18% | -$23M |
|
8
Vulcan Materials
VMC
$37.4B
| $96.4M | 5.18% |
561,617
-37,143
| -6% | -$6.59M |
|
|
9
Clorox
CLX
$12.1B
| $94M | 5.05% |
+594,142
| New | +$89.1M |
|
|
10
Performance Food Group
PFGC
$18.1B
| $86.2M | 4.63% |
+1,428,896
| New | +$83.5M |
|
11
Workday
WDAY
$39.4B
| $77.4M | 4.16% |
374,834
-396,634
| -51% | -$72.2M |
|
12
Intuit
INTU
$85.6B
| $77M | 4.14% |
+172,790
| New | +$70.9M |
|
13
Hilton Worldwide
HLT
$73.4B
| $73.7M | 3.96% |
522,989
-148,974
| -22% | -$21M |
|
14
Apollo Global Management
APO
$71.9B
| $72.7M | 3.91% |
1,150,710
+338,704
| +42% | +$22.7M |
|
15
Netflix
NFLX
$301B
| $72.1M | 3.87% |
+2,086,450
| New | +$69M |
|
16
TransUnion
TRU
$16.2B
| $70.7M | 3.8% |
+1,138,014
| New | +$74.5M |
|
|
17
Allstate
ALL
$70.1B
| $68.9M | 3.7% |
+621,606
| New | +$78.6M |
|
18
Haleon
HLN
$45.2B
| $68M | 3.65% |
+8,354,782
| New | +$66.6M |
|
19
Saia
SAIA
$10.9B
| $65M | 3.49% |
+238,903
| New | +$63.8M |
|
20
GE Aerospace
GE
$377B
| $60.7M | 3.26% |
+795,655
| New | +$53.2M |
|
21
Expedia Group
EXPE
$35.5B
| $48.6M | 2.61% |
501,377
-703,564
| -58% | -$73.8M |
|
22
Spotify
SPOT
$105B
| $6.15M | 0.33% |
+46,000
| New | +$5.27M |
|
|
CONXW
23
DELISTED
CONX Corp. Warrant
CONXW
| $181K | 0.01% |
1,000,000
| – | – |
|
|
24
Avantor
AVTR
$8.48B
| – | – |
-4,263,756
| Closed | -$89.9M |
|
|
25
Fidelity National Information Services
FIS
$23.2B
| – | – |
-1,470,083
| Closed | -$99.7M |
|
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Palestra Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Palestra Capital Management held 29 positions worth $1.86B, up 2.2% from $1.82B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Palestra Capital Management withdrew a net $186M in Q1 2023, closing 6 positions and reducing 9 holdings. Its most notable exit was Union Pacific, an estimated $126M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 29% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Palestra Capital Management opened a new position in CSX Corp worth $110M.
- Palestra Capital Management's largest Q1 2023 buy was CSX Corp: 3,669,012 shares worth $110M.
- Palestra Capital Management added most to Apollo Global Management in Q1 2023, an estimated $22.7M increase.
- Palestra Capital Management's biggest Q1 2023 reduction was Microsoft, cutting an estimated $89.6M.
- Palestra Capital Management fully exited Union Pacific in Q1 2023, selling an estimated $126M.
- Palestra Capital Management's ten largest holdings make up 59% of its $1.86B portfolio in Q1 2023.
- Palestra Capital Management opened 12 new positions and closed 6 in Q1 2023.
- Palestra Capital Management's portfolio value rose 2.2% quarter-over-quarter to $1.86B.
Based on Palestra Capital Management's 13F filing for Q1 2023, filed 15 May 2023.