Latest Palestra Capital Management LLC Stock Portfolio

Palestra Capital Management LLC Performance:

2024 Q3: 8.4%YTD: 16.03%2023: 40.38%

Performance for 2024 Q3 is 8.4%, and YTD is 16.03%, and 2023 is 40.38%.

About Palestra Capital Management LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Palestra Capital Management LLC reported an equity portfolio of $3 Billions as of 30 Sep, 2024.

The top stock holdings of Palestra Capital Management LLC are META, , CRM. The fund has invested 7.2% of it's portfolio in META PLATFORMS INC and 6.8% of portfolio in FLUTTER ENTMT PLC.

The fund managers got completely rid off APOLLO GLOBAL MGMT INC, AT&T INC (T) and APPLOVIN CORP (APP) stocks. They significantly reduced their stock positions in BOOKING HOLDINGS INC (BKNG), CRH PLC (CRH) and LIVE NATION ENTERTAINMENT IN (LYV). Palestra Capital Management LLC opened new stock positions in FLUTTER ENTMT PLC, CARVANA CO (CVNA) and 3M CO (MMM). The fund showed a lot of confidence in some stocks as they added substantially to META PLATFORMS INC (META), SALESFORCE INC (CRM) and INTUIT (INTU).

Palestra Capital Management LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Palestra Capital Management LLC made a return of 8.4% in the last quarter. In trailing 12 months, it's portfolio return was 31.75%.

New Buys

Ticker	$ Bought
flutter entmt plc	206,341,000
carvana co	121,670,000
sharkninja inc	105,538,000
3m co	73,752,800
vistra corp	63,744,300
delta air lines inc del	47,295,100
united airls hldgs inc	46,598,500
kraneshares trust	33,881,300

New stocks bought by Palestra Capital Management LLC

Additions

Ticker	% Inc.
meta platforms inc	67.65
salesforce inc	57.26
intuit	39.14
microsoft corp	23.27
nvidia corporation	21.85
capital one finl corp	18.06
ptc inc	14.46
performance food group co	13.38

Additions to existing portfolio by Palestra Capital Management LLC

Reductions

Ticker	% Reduced
booking holdings inc	-78.06
crh plc	-45.56
live nation entertainment in	-40.85
aercap holdings nv	-29.59
progressive corp	-18.73
allstate corp	-15.57
hilton worldwide hldgs inc	-11.09
alphabet inc	-1.89

Palestra Capital Management LLC reduced stake in above stock

Sold off

Ticker	$ Sold
at&t inc	-77,395,500
applovin corp	-76,417,300
apollo global mgmt inc	-91,258,100
trane technologies plc	-75,321,000
micron technology inc	-28,497,800
asml holding n v	-90,149,600
sherwin williams co	-5,130,310
lpl finl hldgs inc	-4,011,310

Palestra Capital Management LLC got rid off the above stocks

Sector Distribution

Palestra Capital Management LLC has about 23.1% of it's holdings in Technology sector.

Sector	%
Technology	23.1
Communication Services	17.8
Others	14.6
Consumer Cyclical	11.4
Financial Services	11.3
Industrials	8.7
Basic Materials	5.6
Consumer Defensive	5.3
Utilities	2.1

Market Cap. Distribution

Palestra Capital Management LLC has about 77.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	47.4
MEGA-CAP	30.5
UNALLOCATED	18.4
MID-CAP	3.7

Stocks belong to which Index?

About 74.4% of the stocks held by Palestra Capital Management LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	67.2
Others	25.6
RUSSELL 2000	7.2

Top 5 Winners (%)		%
LUMN	lumen technologies inc	545.5 %
SATS	echostar corp	39.4 %
VST	vistra corp	38.8 %
CVNA	carvana co	26.8 %
UAL	united airls hldgs inc	24.0 %

Top 5 Winners ($)		$
LUMN	lumen technologies inc	67.0 M
CVNA	carvana co	25.7 M
META	meta platforms inc	23.5 M
PFGC	performance food group co	21.6 M
VST	vistra corp	17.8 M

Top 5 Losers (%)		%
DLTR	dollar tree inc	-34.1 %
GOOG	alphabet inc	-8.9 %
INTU	intuit	-4.5 %
PARA	paramount global	-3.5 %
AMZN	amazon com inc	-3.2 %

Top 5 Losers ($)		$
GOOG	alphabet inc	-10.6 M
DLTR	dollar tree inc	-8.2 M
INTU	intuit	-8.0 M
MSFT	microsoft corp	-3.9 M
AMZN	amazon com inc	-3.6 M

Palestra Capital Management LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Palestra Capital Management LLC

Palestra Capital Management LLC has 36 stocks in it's portfolio. About 51.9% of the portfolio is in top 10 stocks. GOOG proved to be the most loss making stock for the portfolio. LUMN was the most profitable stock for Palestra Capital Management LLC last quarter.

Last Reported on: 14 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ALL	allstate corp	3.08	492,062	93,319,600	reduced	-15.57

AMZN	amazon com inc	3.54	575,315	107,198,000	added	7.66

APP	applovin corp	0.00	0.00	0.00	sold off	-100

BKNG	booking holdings inc	0.80	5,727	24,122,800	reduced	-78.06

BNDD	kraneshares trust	1.12	995,924	33,881,300	new

CHTR	charter communications inc n	1.16	108,200	35,065,500	unchanged	0.00

COF	capital one finl corp	3.96	802,722	120,192,000	added	18.06

CRH	crh plc	3.87	1,264,890	117,306,000	reduced	-45.56

CRM	salesforce inc	6.32	700,048	191,610,000	added	57.26

CVNA	carvana co	4.01	698,813	121,670,000	new

DAL	delta air lines inc del	1.56	931,190	47,295,100	new

DLTR	dollar tree inc	0.52	223,700	15,730,600	unchanged	0.00

GE	ge aerospace	3.13	503,737	94,994,700	unchanged	0.00

GOOG	alphabet inc	3.49	638,834	105,951,000	reduced	-1.89

HLT	hilton worldwide hldgs inc	3.07	404,413	93,217,200	reduced	-11.09

INTU	intuit	5.54	270,430	167,937,000	added	39.14

LPLA	lpl finl hldgs inc	0.00	0.00	0.00	sold off	-100

LUMN	lumen technologies inc	2.62	11,167,600	79,289,900	unchanged	0.00

LYV	live nation entertainment in	2.88	797,204	87,285,900	reduced	-40.85

META	meta platforms inc	7.25	384,001	219,818,000	added	67.65