Latest Palestra Capital Management LLC Stock Portfolio
$2.68Billion
Equity Portfolio Value
Last Reported on: 15 May, 2024
About Palestra Capital Management LLC and it’s 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, Palestra Capital Management LLC reported an equity portfolio of $2.7 Billions as of 31 Mar, 2024.
The top stock holdings of Palestra Capital Management LLC are CRM, META, GOOG. The fund has invested 6.5% of it's portfolio in SALESFORCE INC and 6.1% of portfolio in META PLATFORMS INC.
The fund managers got completely rid off TAIWAN SEMICONDUCTOR MFG LTD (TSM) and DISH NETWORK CORPORATION (DISH) stocks. They significantly reduced their stock positions in PROGRESSIVE CORP (PGR), VULCAN MATLS CO (VMC) and GENERAL ELECTRIC CO (GE). Palestra Capital Management LLC opened new stock positions in LAMB WESTON HLDGS INC (LW), INTEL CORP (INTC) and LIVE NATION ENTERTAINMENT IN (LYV). The fund showed a lot of confidence in some stocks as they added substantially to AT&T INC (T), META PLATFORMS INC (META) and ALPHABET INC (GOOG).
The top stock holdings of Palestra Capital Management LLC are CRM, META, GOOG. The fund has invested 6.5% of it's portfolio in SALESFORCE INC and 6.1% of portfolio in META PLATFORMS INC.
The fund managers got completely rid off TAIWAN SEMICONDUCTOR MFG LTD (TSM) and DISH NETWORK CORPORATION (DISH) stocks. They significantly reduced their stock positions in PROGRESSIVE CORP (PGR), VULCAN MATLS CO (VMC) and GENERAL ELECTRIC CO (GE). Palestra Capital Management LLC opened new stock positions in LAMB WESTON HLDGS INC (LW), INTEL CORP (INTC) and LIVE NATION ENTERTAINMENT IN (LYV). The fund showed a lot of confidence in some stocks as they added substantially to AT&T INC (T), META PLATFORMS INC (META) and ALPHABET INC (GOOG).
New Buys
| Ticker | $ Bought |
|---|---|
| LAMB WESTON HLDGS INC | 115,246,000 |
| INTEL CORP | 96,578,700 |
| LIVE NATION ENTERTAINMENT IN | 77,813,000 |
| APOLLO GLOBAL MGMT INC | 74,824,900 |
| BOOKING HOLDINGS INC | 68,294,800 |
| ASML HOLDING N V | 29,575,100 |
| NVIDIA CORPORATION | 15,044,300 |
| CADENCE DESIGN SYSTEM INC | 11,474,700 |
New stocks bought by Palestra Capital Management LLC
Additions
| Ticker | % Inc. |
|---|---|
| AT&T INC | 119 |
| META PLATFORMS INC | 41.6 |
| ALPHABET INC | 33.79 |
| CHARTER COMMUNICATIONS INC N | 32.44 |
| DISCOVER FINL SVCS | 25.8 |
| CONSTELLATION BRANDS INC | 20.59 |
| SALESFORCE INC | 17.27 |
| ALLSTATE CORP | 12.18 |
Additions to existing portfolio by Palestra Capital Management LLC
Reductions
| Ticker | % Reduced |
|---|---|
| PROGRESSIVE CORP | -53.95 |
| VULCAN MATLS CO | -50.75 |
| GENERAL ELECTRIC CO | -40.8 |
| CRH PLC | -34.16 |
| HILTON WORLDWIDE HLDGS INC | -28.45 |
| PTC INC | -22.45 |
| MICROSOFT CORP | -15.16 |
| AMAZON COM INC | -13.23 |
Palestra Capital Management LLC reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| DISH NETWORK CORPORATION | -11,793,000 |
| TAIWAN SEMICONDUCTOR MFG LTD | -53,388,500 |
Palestra Capital Management LLC got rid off the above stocks
Current Stock Holdings of Palestra Capital Management LLC
Last Reported on: 15 May, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options |
|---|---|---|---|---|---|---|---|
| AER | AERCAP HOLDINGS NV | 3.39 | 1,046,500 | 90,950,900 | ADDED | 2.3 | |
| ALL | ALLSTATE CORP | 4.32 | 669,686 | 115,862,000 | ADDED | 12.18 | |
| AMD | ADVANCED MICRO DEVICES INC | 0.20 | 29,853 | 5,388,170 | NEW | ||
| AMZN | AMAZON COM INC | 3.98 | 592,737 | 106,918,000 | REDUCED | -13.23 | |
| ASML | ASML HOLDING N V | 1.10 | 30,475 | 29,575,100 | NEW | ||
| BKNG | BOOKING HOLDINGS INC | 2.54 | 18,825 | 68,294,800 | NEW | ||
| CDNS | CADENCE DESIGN SYSTEM INC | 0.43 | 36,863 | 11,474,700 | NEW | ||
| CHTR | CHARTER COMMUNICATIONS INC N | 1.17 | 108,200 | 31,446,200 | ADDED | 32.44 | |
| CRH | CRH PLC | 4.45 | 1,384,830 | 119,455,000 | REDUCED | -34.16 | |
| CRM | SALESFORCE INC | 6.50 | 579,892 | 174,652,000 | ADDED | 17.27 | |
| DFS | DISCOVER FINL SVCS | 4.50 | 921,858 | 120,846,000 | ADDED | 25.8 | |
| DISH | DISH NETWORK CORPORATION | 0.00 | 0.00 | 0.00 | SOLD OFF | -100 | |
| DLTR | DOLLAR TREE INC | 1.11 | 223,700 | 29,785,700 | UNCHANGED | 0.00 | |
| GE | GENERAL ELECTRIC CO | 3.29 | 503,737 | 88,421,000 | REDUCED | -40.8 | |
| GOOG | ALPHABET INC | 5.05 | 897,716 | 135,492,000 | ADDED | 33.79 | |
| HLT | HILTON WORLDWIDE HLDGS INC | 2.46 | 310,190 | 66,166,600 | REDUCED | -28.45 | |
| INTC | INTEL CORP | 3.60 | 2,186,520 | 96,578,700 | NEW | ||
| INTU | INTUIT | 2.04 | 84,322 | 54,809,300 | REDUCED | -11.58 | |
| LPLA | LPL FINL HLDGS INC | 0.08 | 8,200 | 2,166,440 | NEW | ||
| LUMN | LUMEN TECHNOLOGIES INC | 0.65 | 11,167,600 | 17,421,400 | UNCHANGED | 0.00 | |
| LW | LAMB WESTON HLDGS INC | 4.29 | 1,081,820 | 115,246,000 | NEW | ||
| LYV | LIVE NATION ENTERTAINMENT IN | 2.90 | 735,681 | 77,813,000 | NEW | ||
| MCO | MOODYS CORP | 0.04 | 2,700 | 1,061,180 | NEW | ||
| META | META PLATFORMS INC | 6.14 | 339,451 | 164,831,000 | ADDED | 41.6 | |
| MSFT | MICROSOFT CORP | 4.23 | 269,942 | 113,570,000 | REDUCED | -15.16 | |
| NVDA | NVIDIA CORPORATION | 0.56 | 16,650 | 15,044,300 | NEW | ||
| PFGC | PERFORMANCE FOOD GROUP CO | 3.67 | 1,321,520 | 98,637,900 | REDUCED | -5.72 | |
| PGR | PROGRESSIVE CORP | 2.99 | 387,815 | 80,207,900 | REDUCED | -53.95 | |
| PTC | PTC INC | 4.24 | 602,831 | 113,899,000 | REDUCED | -22.45 | |
| SATS | ECHOSTAR CORP | 0.38 | 717,139 | 10,219,200 | NEW | ||
| SHW | SHERWIN WILLIAMS CO | 0.14 | 11,113 | 3,859,880 | NEW | ||
| STZ | CONSTELLATION BRANDS INC | 4.20 | 414,990 | 112,778,000 | ADDED | 20.59 | |
| T | AT&T INC | 3.57 | 5,451,490 | 95,946,200 | ADDED | 119 | |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 0.00 | 0.00 | 0.00 | SOLD OFF | -100 | |
| V | VISA INC | 3.93 | 377,878 | 105,458,000 | REDUCED | -8.91 | |
| VMC | VULCAN MATLS CO | 2.16 | 212,800 | 58,077,400 | REDUCED | -50.75 | |
| APOLLO GLOBAL MGMT INC | 2.79 | 665,406 | 74,824,900 | NEW |