Latest Palestra Capital Management LLC Stock Portfolio
$2.01Billion
Equity Portfolio Value
Last Reported on: 14 Feb, 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 $1.9 Billions as of 30 Sep, 2023.
The top stock holdings of Palestra Capital Management LLC are CRM, MSFT, PFGC. The fund has invested 7.9% of it's portfolio in SALESFORCE INC and 7.7% of portfolio in MICROSOFT CORP.
The fund managers got completely rid off SAIA INC (SAIA), EXPEDIA GROUP INC (EXPE) and CSX CORP (CSX) stocks. They significantly reduced their stock positions in INTUIT (INTU), HILTON WORLDWIDE HLDGS INC (HLT) and NVIDIA CORPORATION (NVDA). Palestra Capital Management LLC opened new stock positions in DISCOVER FINL SVCS (DFS), AMAZON COM INC (AMZN) and THOR INDS INC (THO). The fund showed a lot of confidence in some stocks as they added substantially to ATI INC (ATI), LUMEN TECHNOLOGIES INC (LUMN) and VULCAN MATLS CO (VMC).
The top stock holdings of Palestra Capital Management LLC are CRM, MSFT, PFGC. The fund has invested 7.9% of it's portfolio in SALESFORCE INC and 7.7% of portfolio in MICROSOFT CORP.
The fund managers got completely rid off SAIA INC (SAIA), EXPEDIA GROUP INC (EXPE) and CSX CORP (CSX) stocks. They significantly reduced their stock positions in INTUIT (INTU), HILTON WORLDWIDE HLDGS INC (HLT) and NVIDIA CORPORATION (NVDA). Palestra Capital Management LLC opened new stock positions in DISCOVER FINL SVCS (DFS), AMAZON COM INC (AMZN) and THOR INDS INC (THO). The fund showed a lot of confidence in some stocks as they added substantially to ATI INC (ATI), LUMEN TECHNOLOGIES INC (LUMN) and VULCAN MATLS CO (VMC).
New Buys
| Ticker | $ Bought |
|---|---|
| CRH PLC | 145,463,000 |
| ALLSTATE CORP | 83,560,900 |
| CONSTELLATION BRANDS INC | 83,195,100 |
| AERCAP HOLDINGS NV | 76,027,100 |
| AT&T INC | 41,600,100 |
| DISH NETWORK CORPORATION | 11,793,000 |
New stocks bought by Palestra Capital Management LLC
Additions
| Ticker | % Inc. |
|---|---|
| LUMEN TECHNOLOGIES INC | 71.02 |
| PROGRESSIVE CORP | 25.96 |
| AMAZON COM INC | 9.07 |
| GENERAL ELECTRIC CO | 2.66 |
Additions to existing portfolio by Palestra Capital Management LLC
Reductions
| Ticker | % Reduced |
|---|---|
| PERFORMANCE FOOD GROUP CO | -37.95 |
| META PLATFORMS INC | -36.59 |
| INTUIT | -35.32 |
| TAIWAN SEMICONDUCTOR MFG LTD | -35.2 |
| SALESFORCE INC | -32.67 |
| MICROSOFT CORP | -30.94 |
| VULCAN MATLS CO | -22.89 |
| DISCOVER FINL SVCS | -22.45 |
Palestra Capital Management LLC reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| ATI INC | -90,148,500 |
| TRANSUNION | -73,209,600 |
| THOR INDS INC | -68,187,200 |
| PARAMOUNT GLOBAL | -7,417,500 |
| NVIDIA CORPORATION | -42,380,600 |
Palestra Capital Management LLC got rid off the above stocks
Current Stock Holdings of Palestra Capital Management LLC
Last Reported on: 14 Feb, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options |
|---|---|---|---|---|---|---|---|
| AER | AERCAP HOLDINGS NV | 3.78 | 1,022,970 | 76,027,100 | NEW | ||
| ALL | ALLSTATE CORP | 4.15 | 596,949 | 83,560,900 | NEW | ||
| AMZN | AMAZON COM INC | 5.15 | 683,147 | 103,797,000 | ADDED | 9.07 | |
| ATI | ATI INC | 0.00 | 0.00 | 0.00 | SOLD OFF | -100 | |
| CHTR | CHARTER COMMUNICATIONS INC N | 1.58 | 81,700 | 31,755,200 | UNCHANGED | 0.00 | |
| CRH | CRH PLC | 7.22 | 2,103,290 | 145,463,000 | NEW | ||
| CRM | SALESFORCE INC | 6.46 | 494,486 | 130,119,000 | REDUCED | -32.67 | |
| DFS | DISCOVER FINL SVCS | 4.09 | 732,824 | 82,369,400 | REDUCED | -22.45 | |
| DISH | DISH NETWORK CORPORATION | 0.59 | 2,043,850 | 11,793,000 | NEW | ||
| DLTR | DOLLAR TREE INC | 1.58 | 223,700 | 31,776,600 | UNCHANGED | 0.00 | |
| GE | GENERAL ELECTRIC CO | 5.39 | 850,931 | 108,604,000 | ADDED | 2.66 | |
| GOOG | ALPHABET INC | 4.65 | 670,982 | 93,729,500 | REDUCED | -14.87 | |
| HLT | HILTON WORLDWIDE HLDGS INC | 3.92 | 433,516 | 78,938,900 | REDUCED | -21.99 | |
| INTU | INTUIT | 2.96 | 95,365 | 59,606,000 | REDUCED | -35.32 | |
| LUMN | LUMEN TECHNOLOGIES INC | 1.01 | 11,167,600 | 20,436,700 | ADDED | 71.02 | |
| META | META PLATFORMS INC | 4.21 | 239,729 | 84,854,500 | REDUCED | -36.59 | |
| MSFT | MICROSOFT CORP | 5.94 | 318,180 | 119,648,000 | REDUCED | -30.94 | |
| NVDA | NVIDIA CORPORATION | 0.00 | 0.00 | 0.00 | SOLD OFF | -100 | |
| PARA | PARAMOUNT GLOBAL | 0.00 | 0.00 | 0.00 | SOLD OFF | -100 | |
| PFGC | PERFORMANCE FOOD GROUP CO | 4.81 | 1,401,640 | 96,923,600 | REDUCED | -37.95 | |
| PGR | PROGRESSIVE CORP | 6.66 | 842,147 | 134,137,000 | ADDED | 25.96 | |
| PTC | PTC INC | 6.75 | 777,312 | 135,999,000 | REDUCED | -0.62 | |
| STZ | CONSTELLATION BRANDS INC | 4.13 | 344,137 | 83,195,100 | NEW | ||
| T | AT&T INC | 2.07 | 2,479,150 | 41,600,100 | NEW | ||
| THO | THOR INDS INC | 0.00 | 0.00 | 0.00 | SOLD OFF | -100 | |
| TRU | TRANSUNION | 0.00 | 0.00 | 0.00 | SOLD OFF | -100 | |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 2.65 | 513,351 | 53,388,500 | REDUCED | -35.2 | |
| V | VISA INC | 5.36 | 414,839 | 108,003,000 | REDUCED | -6.86 | |
| VMC | VULCAN MATLS CO | 4.87 | 432,047 | 98,079,000 | REDUCED | -22.89 |