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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
+13.82%
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
$2.02B
AUM Growth
+$164M
Cap. Flow
-$75.2M
Cap. Flow %
-3.71%
Top 10 Hldgs %
51.21%
Holding
31
New
8
Increased
6
Reduced
13
Closed
4

Top Buys

Rank Stock Value
1
PGR icon
Progressive
PGR
+$82.1M
2
WWE
World Wrestling Entertainment
WWE
+$62.2M
3
EFX icon
Equifax
EFX
+$58.9M
4
LEN icon
Lennar Class A
LEN
+$52.4M
5
TSM icon
TSMC
TSM
+$46.5M

Top Sells

Rank Stock Value
1
CLX icon
Clorox
CLX
+$94M
2
META icon
Meta Platforms (Facebook)
META
+$72.7M
3
APO icon
Apollo Global Management
APO
+$72.7M
4
NFLX icon
Netflix
NFLX
+$51.1M
5
VMC icon
Vulcan Materials
VMC
+$44M

Sector Composition

Rank Sector Weight
1 Technology 29.26%
2 Industrials 16.38%
3 Communication Services 15.47%
4 Financials 14.95%
5 Consumer Discretionary 11.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.84T
$123M 6.09%
362,005
-30,051
-8% -$9.42M
META icon
2
Meta Platforms (Facebook)
META
$1.51T
$112M 5.54%
390,985
-294,730
-43% -$72.7M
PFGC icon
3
Performance Food Group
PFGC
$17.5B
$109M 5.37%
1,805,557
+376,661
+26% +$22.2M
CRM icon
4
Salesforce
CRM
$134B
$107M 5.26%
504,268
-111,590
-18% -$22.8M
PTC icon
5
PTC
PTC
$13.7B
$105M 5.19%
738,139
-71,005
-9% -$9.4M
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$3.91T
$103M 5.1%
862,431
-251,825
-23% -$29M
V icon
7
Visa
V
$677B
$98.3M 4.85%
413,771
-84,725
-17% -$19.4M
HLT icon
8
Hilton Worldwide
HLT
$74B
$97.9M 4.84%
672,844
+149,855
+29% +$21.3M
INTU icon
9
Intuit
INTU
$81.1B
$94.1M 4.65%
205,278
+32,488
+19% +$14.2M
SAIA icon
10
Saia
SAIA
$11.3B
$87.5M 4.32%
255,663
+16,760
+7% +$4.85M
GE icon
11
GE Aerospace
GE
$367B
$85.8M 4.24%
978,978
+183,323
+23% +$14.8M
EXPE icon
12
Expedia Group
EXPE
$31.2B
$82.8M 4.09%
757,102
+255,725
+51% +$25.1M
CSX icon
13
CSX Corp
CSX
$98.6B
$82.1M 4.06%
2,408,108
-1,260,904
-34% -$39.9M
PGR icon
14
Progressive
PGR
$124B
$81.1M 4%
+612,483
New +$82.1M
VMC icon
15
Vulcan Materials
VMC
$36.3B
$74.8M 3.69%
331,805
-229,812
-41% -$44M
TRU icon
16
TransUnion
TRU
$14.8B
$69.2M 3.42%
883,404
-254,610
-22% -$17.6M
EFX icon
17
Equifax
EFX
$20.3B
$65.8M 3.25%
+279,740
New +$58.9M
WWE
18
DELISTED
World Wrestling Entertainment
WWE
$65.2M 3.22%
+601,457
New +$62.2M
WDAY icon
19
Workday
WDAY
$33.4B
$64.1M 3.17%
283,791
-91,043
-24% -$18.2M
HLN icon
20
Haleon
HLN
$43.1B
$62.2M 3.07%
7,418,956
-935,826
-11% -$7.99M
LEN icon
21
Lennar Class A
LEN
$20.4B
$58.3M 2.88%
+480,345
New +$52.4M
ALL icon
22
Allstate
ALL
$66.9B
$54.1M 2.67%
496,076
-125,530
-20% -$14.2M
TSM icon
23
TSMC
TSM
$2.09T
$50.4M 2.49%
+499,509
New +$46.5M
NVDA icon
24
NVIDIA
NVDA
$5.01T
$49.1M 2.42%
+1,159,800
New +$38.5M
NFLX icon
25
Netflix
NFLX
$292B
$30.8M 1.52%
700,000
-1,386,450
-66% -$51.1M
1
2

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HWA
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DCM
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RG
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Palestra Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Palestra Capital Management held 31 positions worth $2.02B, up 8.8% from $1.86B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Palestra Capital Management withdrew a net $75.2M in Q2 2023, closing 4 positions and reducing 13 holdings. Its most notable exit was Clorox, an estimated $94M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 27% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Palestra Capital Management opened a new position in Progressive worth $81.1M.

  • Palestra Capital Management's largest Q2 2023 buy was Progressive: 612,483 shares worth $81.1M.
  • Palestra Capital Management added most to Expedia Group in Q2 2023, an estimated $25.1M increase.
  • Palestra Capital Management's biggest Q2 2023 reduction was Meta Platforms (Facebook), cutting an estimated $72.7M.
  • Palestra Capital Management fully exited Clorox in Q2 2023, selling an estimated $94M.
  • Palestra Capital Management's ten largest holdings make up 51% of its $2.02B portfolio in Q2 2023.
  • Palestra Capital Management opened 8 new positions and closed 4 in Q2 2023.
  • Palestra Capital Management's portfolio value rose 8.8% quarter-over-quarter to $2.02B.

Based on Palestra Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.