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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
+18.27%
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
$2.01B
AUM Growth
+$119M
Cap. Flow
-$183M
Cap. Flow %
-9.11%
Top 10 Hldgs %
58.63%
Holding
29
New
6
Increased
4
Reduced
12
Closed
5

Top Buys

Rank Stock Value
1
CRH icon
CRH
CRH
+$127M
2
STZ icon
Constellation Brands
STZ
+$81.8M
3
ALL icon
Allstate
ALL
+$77.8M
4
AER icon
AerCap
AER
+$67.5M
5
T icon
AT&T
T
+$39.1M

Top Sells

Rank Stock Value
1
ATI icon
ATI
ATI
+$90.1M
2
TRU icon
TransUnion
TRU
+$73.2M
3
THO icon
Thor Industries
THO
+$68.2M
4
CRM icon
Salesforce
CRM
+$54.3M
5
PFGC icon
Performance Food Group
PFGC
+$52.7M

Sector Composition

Rank Sector Weight
1 Technology 24.77%
2 Financials 20.26%
3 Communication Services 14.11%
4 Materials 12.09%
5 Consumer Staples 10.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRH icon
1
CRH
CRH
$68.7B
$145M 7.22%
+2,103,289
New +$127M
PTC icon
2
PTC
PTC
$14.5B
$136M 6.75%
777,312
-4,879
-0.6% -$748K
PGR icon
3
Progressive
PGR
$125B
$134M 6.66%
842,147
+173,584
+26% +$27.2M
CRM icon
4
Salesforce
CRM
$142B
$130M 6.46%
494,486
-239,960
-33% -$54.3M
MSFT icon
5
Microsoft
MSFT
$2.89T
$120M 5.94%
318,180
-142,545
-31% -$50.7M
GE icon
6
GE Aerospace
GE
$375B
$109M 5.39%
1,066,217
+27,603
+3% +$2.56M
V icon
7
Visa
V
$689B
$108M 5.36%
414,839
-30,543
-7% -$7.53M
AMZN icon
8
Amazon
AMZN
$2.49T
$104M 5.15%
683,147
+56,781
+9% +$7.96M
VMC icon
9
Vulcan Materials
VMC
$36.9B
$98.1M 4.87%
432,047
-128,268
-23% -$27.2M
PFGC icon
10
Performance Food Group
PFGC
$18B
$96.9M 4.81%
1,401,643
-857,367
-38% -$52.7M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$3.99T
$93.7M 4.65%
670,982
-117,219
-15% -$15.7M
META icon
12
Meta Platforms (Facebook)
META
$1.51T
$84.9M 4.21%
239,729
-138,312
-37% -$45M
ALL icon
13
Allstate
ALL
$67.3B
$83.6M 4.15%
+596,949
New +$77.8M
STZ icon
14
Constellation Brands
STZ
$22.2B
$83.2M 4.13%
+344,137
New +$81.8M
DFS
15
DELISTED
Discover Financial Services
DFS
$82.4M 4.09%
732,824
-212,176
-22% -$19.6M
HLT icon
16
Hilton Worldwide
HLT
$75.3B
$78.9M 3.92%
433,516
-122,191
-22% -$19.9M
AER icon
17
AerCap
AER
$23.9B
$76M 3.78%
+1,022,970
New +$67.5M
INTU icon
18
Intuit
INTU
$83.1B
$59.6M 2.96%
95,365
-52,079
-35% -$28.7M
TSM icon
19
TSMC
TSM
$2.07T
$53.4M 2.65%
513,351
-278,910
-35% -$26.6M
T icon
20
AT&T
T
$167B
$41.6M 2.07%
+2,479,148
New +$39.1M
DLTR icon
21
Dollar Tree
DLTR
$24.1B
$31.8M 1.58%
223,700
– –
CHTR icon
22
Charter Communications
CHTR
$15.7B
$31.8M 1.58%
81,700
– –
LUMN icon
23
Lumen
LUMN
$6.45B
$20.4M 1.01%
11,167,585
+4,637,585
+71% +$6.57M
DISH
24
DELISTED
DISH Network Corp.
DISH
$11.8M 0.59%
+2,043,850
New +$9.17M
ATI icon
25
ATI
ATI
$26.3B
– –
-2,190,728
Closed -$90.1M
1
2

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Palestra Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Palestra Capital Management held 29 positions worth $2.01B, up 6.3% from $1.89B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Palestra Capital Management withdrew a net $183M in Q4 2023, closing 5 positions and reducing 12 holdings. Its most notable exit was ATI, an estimated $90.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 31% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Palestra Capital Management opened a new position in CRH worth $145M.

  • Palestra Capital Management's largest Q4 2023 buy was CRH: 2,103,289 shares worth $145M.
  • Palestra Capital Management added most to Progressive in Q4 2023, an estimated $27.2M increase.
  • Palestra Capital Management's biggest Q4 2023 reduction was Salesforce, cutting an estimated $54.3M.
  • Palestra Capital Management fully exited ATI in Q4 2023, selling an estimated $90.1M.
  • Palestra Capital Management's ten largest holdings make up 59% of its $2.01B portfolio in Q4 2023.
  • Palestra Capital Management opened 6 new positions and closed 5 in Q4 2023.
  • Palestra Capital Management's portfolio value rose 6.3% quarter-over-quarter to $2.01B.

Based on Palestra Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.