We are live on ! Find out more
PCM

Palestra Capital Management Portfolio holdings

AUM $2.57B
1-Year Est. Return 29.93%
This Fund
S&P 500
This Quarter Est. Return
-3%
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
$1.89B
AUM Growth
-$130M
Cap. Flow
-$75.4M
Cap. Flow %
-3.98%
Top 10 Hldgs %
60.97%
Holding
33
New
6
Increased
12
Reduced
5
Closed
10

Top Buys

Rank Stock Value
1
DFS
Discover Financial Services
DFS
+$93.9M
2
ATI icon
ATI
ATI
+$87M
3
AMZN icon
Amazon
AMZN
+$83.9M
4
THO icon
Thor Industries
THO
+$74.9M
5
CRM icon
Salesforce
CRM
+$49.7M

Top Sells

Rank Stock Value
1
SAIA icon
Saia
SAIA
+$87.5M
2
EXPE icon
Expedia Group
EXPE
+$82.8M
3
CSX icon
CSX Corp
CSX
+$82.1M
4
EFX icon
Equifax
EFX
+$65.8M
5
WWE
World Wrestling Entertainment
WWE
+$65.2M

Sector Composition

Rank Sector Weight
1 Technology 31.23%
2 Financials 18.51%
3 Communication Services 14.21%
4 Consumer Discretionary 12.21%
5 Industrials 9.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRM icon
1
Salesforce
CRM
$142B
$149M 7.86%
734,446
+230,178
+46% +$49.7M
MSFT icon
2
Microsoft
MSFT
$2.89T
$145M 7.68%
460,725
+98,720
+27% +$32.6M
PFGC icon
3
Performance Food Group
PFGC
$18B
$133M 7.02%
2,259,010
+453,453
+25% +$27.4M
META icon
4
Meta Platforms (Facebook)
META
$1.51T
$113M 5.99%
378,041
-12,944
-3% -$3.9M
VMC icon
5
Vulcan Materials
VMC
$36.9B
$113M 5.97%
560,315
+228,510
+69% +$49.7M
PTC icon
6
PTC
PTC
$14.5B
$111M 5.85%
782,191
+44,052
+6% +$6.3M
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$3.99T
$103M 5.44%
788,201
-74,230
-9% -$9.6M
V icon
8
Visa
V
$689B
$102M 5.41%
445,382
+31,611
+8% +$7.6M
PGR icon
9
Progressive
PGR
$125B
$93.1M 4.92%
668,563
+56,080
+9% +$7.38M
GE icon
10
GE Aerospace
GE
$375B
$91.6M 4.84%
1,038,614
+59,636
+6% +$5.36M
ATI icon
11
ATI
ATI
$26.3B
$90.1M 4.76%
2,190,728
+1,957,416
+839% +$87M
HLT icon
12
Hilton Worldwide
HLT
$75.3B
$83.5M 4.4%
555,707
-117,137
-17% -$17.7M
DFS
13
DELISTED
Discover Financial Services
DFS
$81.9M 4.32%
+945,000
New +$93.9M
AMZN icon
14
Amazon
AMZN
$2.49T
$79.6M 4.2%
+626,366
New +$83.9M
INTU icon
15
Intuit
INTU
$83.1B
$75.3M 3.98%
147,444
-57,834
-28% -$29.3M
TRU icon
16
TransUnion
TRU
$14.9B
$73.2M 3.86%
1,019,774
+136,370
+15% +$10.7M
TSM icon
17
TSMC
TSM
$2.07T
$68.8M 3.63%
792,261
+292,752
+59% +$27.7M
THO icon
18
Thor Industries
THO
$3.98B
$68.2M 3.6%
+716,779
New +$74.9M
NVDA icon
19
NVIDIA
NVDA
$4.76T
$42.4M 2.24%
974,290
-185,510
-16% -$8.31M
CHTR icon
20
Charter Communications
CHTR
$15.7B
$35.9M 1.9%
+81,700
New +$34M
DLTR icon
21
Dollar Tree
DLTR
$24.1B
$23.8M 1.26%
+223,700
New +$30M
LUMN icon
22
Lumen
LUMN
$6.45B
$9.27M 0.49%
6,530,000
+5,795,000
+788% +$9.81M
PARA
23
DELISTED
Paramount Global Class B
PARA
$7.42M 0.39%
+575,000
New +$8.52M
ALL icon
24
Allstate
ALL
$67.3B
– –
-496,076
Closed -$54.1M
CSX icon
25
CSX Corp
CSX
$96B
– –
-2,408,108
Closed -$82.1M
1
2

Similar funds

GWP
Gateway Wealth Partners Appleton, Wisconsin $2.57B AUM 16.81% 1-Year Est. Return
HWA
Heritage Wealth Advisors Richmond, Virginia $2.56B AUM 19.48% 1-Year Est. Return
DCM
Dorsal Capital Management Redwood City, California $2.57B AUM 3.13% 1-Year Est. Return
RG
Rakuten Group Setagaya-Ku, Tokyo, Japan $2.58B AUM 250.19% 1-Year Est. Return
ECP
Electron Capital Partners New York $2.55B AUM 87.77% 1-Year Est. Return
GFA
Gallagher Fiduciary Advisors Rolling Meadows, Illinois $2.58B AUM 8.97% 1-Year Est. Return
LS
Livforsakringsbolaget Skandia Stockholm, Sweden $2.58B AUM 30.64% 1-Year Est. Return
YDMI
Y.D. More Investments Ramat Gan, Israel $2.55B AUM 104.35% 1-Year Est. Return

Palestra Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Palestra Capital Management held 33 positions worth $1.89B, down 6.4% from $2.02B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Palestra Capital Management withdrew a net $75.4M in Q3 2023, closing 10 positions and reducing 5 holdings. Its most notable exit was Saia, an estimated $87.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Palestra Capital Management opened a new position in Discover Financial Services worth $81.9M.

  • Palestra Capital Management's largest Q3 2023 buy was Discover Financial Services: 945,000 shares worth $81.9M.
  • Palestra Capital Management added most to ATI in Q3 2023, an estimated $87M increase.
  • Palestra Capital Management's biggest Q3 2023 reduction was Intuit, cutting an estimated $29.3M.
  • Palestra Capital Management fully exited Saia in Q3 2023, selling an estimated $87.5M.
  • Palestra Capital Management's ten largest holdings make up 61% of its $1.89B portfolio in Q3 2023.
  • Palestra Capital Management opened 6 new positions and closed 10 in Q3 2023.
  • Palestra Capital Management's portfolio value fell 6.4% quarter-over-quarter to $1.89B.

Based on Palestra Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.