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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
+1.31%
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
$2.53B
AUM Growth
-$151M
Cap. Flow
-$163M
Cap. Flow %
-6.43%
Top 10 Hldgs %
48.52%
Holding
41
New
5
Increased
13
Reduced
10
Closed
8

Top Buys

Rank Stock Value
1
COF icon
Capital One
COF
+$95.4M
2
CRH icon
CRH
CRH
+$74.9M
3
TT icon
Trane Technologies
TT
+$72.8M
4
APP icon
Applovin
APP
+$71.3M
5
INTU icon
Intuit
INTU
+$68.3M

Top Sells

Rank Stock Value
1
DFS
Discover Financial Services
DFS
+$121M
2
LW icon
Lamb Weston
LW
+$115M
3
STZ icon
Constellation Brands
STZ
+$113M
4
INTC icon
Intel
INTC
+$96.6M
5
PGR icon
Progressive
PGR
+$76.8M

Sector Composition

Rank Sector Weight
1 Technology 24.93%
2 Communication Services 22.56%
3 Financials 15.57%
4 Consumer Discretionary 12.07%
5 Industrials 10.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRH icon
1
CRH
CRH
$66.7B
$174M 6.87%
2,323,402
+938,575
+68% +$74.9M
INTU icon
2
Intuit
INTU
$81.1B
$128M 5.04%
194,357
+110,035
+130% +$68.3M
LYV icon
3
Live Nation Entertainment
LYV
$41.2B
$126M 4.99%
1,347,722
+612,041
+83% +$57.9M
PTC icon
4
PTC
PTC
$13.7B
$124M 4.9%
683,433
+80,602
+13% +$14.4M
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$3.91T
$119M 4.68%
651,143
-246,573
-27% -$41.6M
META icon
6
Meta Platforms (Facebook)
META
$1.51T
$115M 4.56%
229,052
-110,399
-33% -$53.7M
CRM icon
7
Salesforce
CRM
$134B
$114M 4.52%
445,143
-134,749
-23% -$36.1M
MSFT icon
8
Microsoft
MSFT
$2.84T
$112M 4.44%
251,568
-18,374
-7% -$7.76M
PFGC icon
9
Performance Food Group
PFGC
$17.5B
$109M 4.28%
1,641,423
+319,908
+24% +$22.3M
V icon
10
Visa
V
$677B
$108M 4.25%
410,420
+32,542
+9% +$8.92M
BKNG icon
11
Booking.com
BKNG
$138B
$103M 4.08%
652,700
+182,075
+39% +$27M
AMZN icon
12
Amazon
AMZN
$2.5T
$103M 4.08%
534,405
-58,332
-10% -$10.7M
HLT icon
13
Hilton Worldwide
HLT
$74B
$99.2M 3.92%
454,851
+144,661
+47% +$29.7M
COF icon
14
Capital One
COF
$124B
$94.1M 3.71%
+679,927
New +$95.4M
ALL icon
15
Allstate
ALL
$66.9B
$93M 3.67%
582,787
-86,899
-13% -$14.5M
APO icon
16
Apollo Global Management
APO
$70.7B
$91.3M 3.6%
772,915
+107,509
+16% +$12.2M
ASML icon
17
ASML
ASML
$675B
$90.1M 3.56%
88,146
+57,671
+189% +$55.4M
AER icon
18
AerCap
AER
$23.9B
$88.5M 3.49%
949,866
-96,629
-9% -$8.61M
GE icon
19
GE Aerospace
GE
$367B
$80.1M 3.16%
503,737
-127,445
-20% -$20.3M
T icon
20
AT&T
T
$165B
$77.4M 3.05%
4,050,000
-1,401,491
-26% -$24.4M
APP icon
21
Applovin
APP
$132B
$76.4M 3.02%
+918,256
New +$71.3M
TT icon
22
Trane Technologies
TT
$106B
$75.3M 2.97%
+228,988
New +$72.8M
VMC icon
23
Vulcan Materials
VMC
$36.3B
$52.9M 2.09%
212,800
– –
NVDA icon
24
NVIDIA
NVDA
$5.01T
$34.4M 1.36%
278,212
+111,712
+67% +$11.3M
CHTR icon
25
Charter Communications
CHTR
$14.7B
$32.3M 1.28%
108,200
– –
1
2

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DCM
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RG
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ECP
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GFA
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Palestra Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Palestra Capital Management held 41 positions worth $2.53B, down 5.6% from $2.68B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Palestra Capital Management withdrew a net $163M in Q2 2024, closing 8 positions and reducing 10 holdings. Its most notable exit was Discover Financial Services, an estimated $121M position sold in full.

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

Against the trend, Palestra Capital Management opened a new position in Capital One worth $94.1M.

  • Palestra Capital Management's largest Q2 2024 buy was Capital One: 679,927 shares worth $94.1M.
  • Palestra Capital Management added most to CRH in Q2 2024, an estimated $74.9M increase.
  • Palestra Capital Management's biggest Q2 2024 reduction was Progressive, cutting an estimated $76.8M.
  • Palestra Capital Management fully exited Discover Financial Services in Q2 2024, selling an estimated $121M.
  • Palestra Capital Management's ten largest holdings make up 49% of its $2.53B portfolio in Q2 2024.
  • Palestra Capital Management opened 5 new positions and closed 8 in Q2 2024.
  • Palestra Capital Management's portfolio value fell 5.6% quarter-over-quarter to $2.53B.

Based on Palestra Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.