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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
+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
$3.03B
AUM Growth
+$498M
Cap. Flow
+$175M
Cap. Flow %
5.77%
Top 10 Hldgs %
51.91%
Holding
44
New
11
Increased
10
Reduced
8
Closed
8

Top Buys

Rank Stock Value
1
FLUT icon
Flutter Entertainment
FLUT
+$181M
2
CVNA icon
Carvana
CVNA
+$100M
3
SN icon
SharkNinja
SN
+$84.4M
4
META icon
Meta Platforms (Facebook)
META
+$79.7M
5
MMM icon
3M
MMM
+$66M

Top Sells

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$91.3M
2
ASML icon
ASML
ASML
+$90.1M
3
CRH icon
CRH
CRH
+$88.9M
4
BKNG icon
Booking.com
BKNG
+$78.2M
5
T icon
AT&T
T
+$77.4M

Sector Composition

Rank Sector Weight
1 Technology 22.48%
2 Consumer Discretionary 21.71%
3 Communication Services 18.44%
4 Industrials 11.81%
5 Financials 11.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.51T
$220M 7.25%
384,001
+154,949
+68% +$79.7M
FLUT icon
2
Flutter Entertainment
FLUT
$18.4B
$206M 6.81%
+869,609
New +$181M
CRM icon
3
Salesforce
CRM
$142B
$192M 6.32%
700,048
+254,905
+57% +$65.3M
INTU icon
4
Intuit
INTU
$83.1B
$168M 5.54%
270,430
+76,073
+39% +$48.6M
PFGC icon
5
Performance Food Group
PFGC
$18B
$146M 4.81%
1,861,039
+219,616
+13% +$15.4M
PTC icon
6
PTC
PTC
$14.5B
$141M 4.66%
782,258
+98,825
+14% +$17.4M
MSFT icon
7
Microsoft
MSFT
$2.89T
$133M 4.4%
310,111
+58,543
+23% +$25M
V icon
8
Visa
V
$689B
$126M 4.15%
457,249
+46,829
+11% +$12.7M
CVNA icon
9
Carvana
CVNA
$45.9B
$122M 4.01%
+3,494,065
New +$100M
COF icon
10
Capital One
COF
$127B
$120M 3.96%
802,722
+122,795
+18% +$17.5M
CRH icon
11
CRH
CRH
$68.7B
$117M 3.87%
1,264,890
-1,058,512
-46% -$88.9M
AMZN icon
12
Amazon
AMZN
$2.49T
$107M 3.54%
575,315
+40,910
+8% +$7.46M
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$3.99T
$106M 3.49%
638,834
-12,309
-2% -$2.06M
SN icon
14
SharkNinja
SN
$21.7B
$106M 3.48%
+970,825
New +$84.4M
GE icon
15
GE Aerospace
GE
$375B
$95M 3.13%
503,737
– –
ALL icon
16
Allstate
ALL
$67.3B
$93.3M 3.08%
492,062
-90,725
-16% -$16.1M
HLT icon
17
Hilton Worldwide
HLT
$75.3B
$93.2M 3.07%
404,413
-50,438
-11% -$10.9M
LYV icon
18
Live Nation Entertainment
LYV
$41.7B
$87.3M 2.88%
797,204
-550,518
-41% -$53.2M
LUMN icon
19
Lumen
LUMN
$6.45B
$79.3M 2.62%
11,167,585
– –
MMM icon
20
3M
MMM
$91.9B
$73.8M 2.43%
+539,523
New +$66M
VST icon
21
Vistra
VST
$53B
$63.7M 2.1%
+537,745
New +$45.6M
AER icon
22
AerCap
AER
$23.9B
$63.4M 2.09%
668,817
-281,049
-30% -$26.3M
VMC icon
23
Vulcan Materials
VMC
$36.9B
$53.3M 1.76%
212,800
– –
DAL icon
24
Delta Air Lines
DAL
$57B
$47.3M 1.56%
+931,190
New +$40.6M
UAL icon
25
United Airlines
UAL
$39.1B
$46.6M 1.54%
+816,658
New +$37.8M
1
2

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RG
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Palestra Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Palestra Capital Management held 44 positions worth $3.03B, up 20% from $2.53B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Palestra Capital Management deployed $175M of net new capital in Q3 2024, opening 11 new positions and adding to 10 existing holdings. Its largest new stake was Flutter Entertainment: 869,609 shares worth $206M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 25% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was CRH, an estimated $88.9M trimmed.

  • Palestra Capital Management's largest Q3 2024 buy was Flutter Entertainment: 869,609 shares worth $206M.
  • Palestra Capital Management added most to Meta Platforms (Facebook) in Q3 2024, an estimated $79.7M increase.
  • Palestra Capital Management's biggest Q3 2024 reduction was CRH, cutting an estimated $88.9M.
  • Palestra Capital Management fully exited Apollo Global Management in Q3 2024, selling an estimated $91.3M.
  • Palestra Capital Management's ten largest holdings make up 52% of its $3.03B portfolio in Q3 2024.
  • Palestra Capital Management opened 11 new positions and closed 8 in Q3 2024.
  • Palestra Capital Management's portfolio value rose 20% quarter-over-quarter to $3.03B.

Based on Palestra Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.