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PCM

Palestra Capital Management Portfolio holdings

AUM $2.57B
1-Year Est. Return 29.93%
This Fund
S&P 500
This Quarter Est. Return
+14.32%
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
$2.68B
AUM Growth
+$671M
Cap. Flow
+$353M
Cap. Flow %
13.15%
Top 10 Hldgs %
47.92%
Holding
38
New
14
Increased
9
Reduced
11
Closed
2

Top Buys

Rank Stock Value
1
LW icon
Lamb Weston
LW
+$113M
2
INTC icon
Intel
INTC
+$97.4M
3
APO icon
Apollo Global Management
APO
+$70.2M
4
LYV icon
Live Nation Entertainment
LYV
+$69.5M
5
BKNG icon
Booking.com
BKNG
+$67.1M

Top Sells

Rank Stock Value
1
PGR icon
Progressive
PGR
+$84.3M
2
CRH icon
CRH
CRH
+$54.9M
3
VMC icon
Vulcan Materials
VMC
+$54M
4
TSM icon
TSMC
TSM
+$53.4M
5
GE icon
GE Aerospace
GE
+$51.3M

Sector Composition

Rank Sector Weight
1 Technology 22.91%
2 Communication Services 19.86%
3 Financials 18.64%
4 Consumer Staples 13.28%
5 Consumer Discretionary 8.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRM icon
1
Salesforce
CRM
$149B
$175M 6.51%
579,892
+85,406
+17% +$24.6M
META icon
2
Meta Platforms (Facebook)
META
$1.51T
$165M 6.14%
339,451
+99,722
+42% +$44.5M
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$4.1T
$135M 5.05%
897,716
+226,734
+34% +$32.4M
DFS
4
DELISTED
Discover Financial Services
DFS
$121M 4.5%
921,858
+189,034
+26% +$21.7M
CRH icon
5
CRH
CRH
$68.7B
$119M 4.45%
1,384,827
-718,462
-34% -$54.9M
ALL icon
6
Allstate
ALL
$69.5B
$116M 4.32%
669,686
+72,737
+12% +$11.5M
LW icon
7
Lamb Weston
LW
$7.41B
$115M 4.29%
+1,081,819
New +$113M
PTC icon
8
PTC
PTC
$14.8B
$114M 4.24%
602,831
-174,481
-22% -$31.4M
MSFT icon
9
Microsoft
MSFT
$2.95T
$114M 4.23%
269,942
-48,238
-15% -$19.5M
STZ icon
10
Constellation Brands
STZ
$22.7B
$113M 4.2%
414,990
+70,853
+21% +$17.9M
AMZN icon
11
Amazon
AMZN
$2.49T
$107M 3.98%
592,737
-90,410
-13% -$15.1M
V icon
12
Visa
V
$705B
$105M 3.93%
377,878
-36,961
-9% -$10.2M
PFGC icon
13
Performance Food Group
PFGC
$18.1B
$98.6M 3.67%
1,321,515
-80,128
-6% -$5.9M
INTC icon
14
Intel
INTC
$435B
$96.6M 3.6%
+2,186,523
New +$97.4M
T icon
15
AT&T
T
$170B
$95.9M 3.57%
5,451,491
+2,972,343
+120% +$50.8M
AER icon
16
AerCap
AER
$24.2B
$91M 3.39%
1,046,495
+23,525
+2% +$1.85M
GE icon
17
GE Aerospace
GE
$376B
$88.4M 3.29%
631,182
-435,035
-41% -$51.3M
PGR icon
18
Progressive
PGR
$129B
$80.2M 2.99%
387,815
-454,332
-54% -$84.3M
LYV icon
19
Live Nation Entertainment
LYV
$42.2B
$77.8M 2.9%
+735,681
New +$69.5M
GOOGL icon
20
CALL
Alphabet (Google) Class A
GOOGL
$4.1T
$77.7M 2.89%
+514,700
New +$73.6M
APO icon
21
Apollo Global Management
APO
$71.8B
$74.8M 2.79%
+665,406
New +$70.2M
BKNG icon
22
Booking.com
BKNG
$153B
$68.3M 2.54%
+470,625
New +$67.1M
HLT icon
23
Hilton Worldwide
HLT
$73.6B
$66.2M 2.46%
310,190
-123,326
-28% -$24.3M
VMC icon
24
Vulcan Materials
VMC
$37.3B
$58.1M 2.16%
212,800
-219,247
-51% -$54M
INTU icon
25
Intuit
INTU
$86.3B
$54.8M 2.04%
84,322
-11,043
-12% -$7.05M
1
2

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DCM
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RG
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Palestra Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Palestra Capital Management held 38 positions worth $2.68B, up 33% from $2.01B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Palestra Capital Management deployed $353M of net new capital in Q1 2024, opening 14 new positions and adding to 9 existing holdings. Its largest new stake was Lamb Weston: 1,081,819 shares worth $115M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 25% a quarter earlier, followed by Communication Services and Financials.

On the sell side, the largest reduction was Progressive, an estimated $84.3M trimmed.

  • Palestra Capital Management's largest Q1 2024 buy was Lamb Weston: 1,081,819 shares worth $115M.
  • Palestra Capital Management added most to AT&T in Q1 2024, an estimated $50.8M increase.
  • Palestra Capital Management's biggest Q1 2024 reduction was Progressive, cutting an estimated $84.3M.
  • Palestra Capital Management fully exited TSMC in Q1 2024, selling an estimated $53.4M.
  • Palestra Capital Management's ten largest holdings make up 48% of its $2.68B portfolio in Q1 2024.
  • Palestra Capital Management opened 14 new positions and closed 2 in Q1 2024.
  • Palestra Capital Management's portfolio value rose 33% quarter-over-quarter to $2.68B.

Based on Palestra Capital Management's 13F filing for Q1 2024, filed 15 May 2024.