Palestra Capital Management LLC

ContrarianHigh-turnover traderQuality / disciplined sizing

Total reported value

$2.6B

Reporting period: 2026-03-31 · Number of holdings: 23

Palestra Capital Management LLC disclosed 23 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.6B and a quarterly turnover rate of 89.8%.

Personality snowflake

Concentration: 24.91
Portfolio Stability: 89.83
Momentum/Contrarian: 0
Sector conviction: 45.03
Diversification: 44
Sizing Uniformity: 93.77

Recent moves

Trim AMZN
-77.8%　-$139.0M
Add PRMB
+100.6%　$107.6M
Add PTC
+279.9%　$86.1M
Add HSIC
+43.2%　$71.4M
Trim CRM
-72.5%　-$90.4M
Add V
+57.7%　$60.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 22 holdings (of 23 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	HSIC	Henry Schein INC	Stock-Healthcare	9.81%	+3.44%	+43.22%
2	V	Visa Inc-class A Shares	Stock-Financials	8.86%	+2.95%	+57.74%
3	PRMB	Primo Brands CORP	Stock-Consumer Staples	7.39%	+4.49%	+100.65%
4	UNP	Union Pacific CORP	Stock-Industrials	6.85%	+1.23%	+5.33%
5	LIN	Linde plc	Stock-Materials	6.82%	+0.77%	-12.09%
6	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	6.62%	+2.79%	+70.76%
7	SPOT	Spotify Technology S.A.	Stock-Comm Services	6.58%	+6.58%	NEW
8	NU	Nu Holdings Ltd.	Stock-Financials	6.23%	+0.80%	+21.15%
9	ADI	Analog Devices INC	Stock-Tech	6.07%	+6.07%	NEW
10	DHR	Danaher CORP	Stock-Healthcare	5.01%	-0.35%	+2.30%
11	PTC	Ptc INC	Stock-Tech	4.95%	+3.51%	+279.94%
12	CVNA	Carvana Co	Stock-Consumer Disc	4.88%	+0.52%	+36.05%
13	STX	Seagate Technology Holdings plc	Stock-Tech	4.49%	+4.49%	NEW
14	CPNG	Coupang INC	Stock-Consumer Disc	4.47%	+4.47%	NEW
15	AMAT	Applied Materials INC	Stock-Tech	3.82%	+3.82%	NEW
16	APP	Applovin Corp-class A	Stock-Tech	1.95%	-1.05%	—
17	AMZN	Amazon.com INC	Stock-Consumer Disc	1.35%	-4.79%	-77.84%
18	NVDA	Nvidia CORP	Stock-Tech	1.24%	-0.11%	-10.51%
19	MSFT	Microsoft CORP	Stock-Tech	1.12%	-1.40%	-47.32%
20	CRM	Salesforce INC	Stock-Tech	0.85%	-3.12%	-72.49%
21	PSKY	Paramount Skydance Cl B	Stock-Comm Services	0.46%	+0.31%	+301.86%
22	ROKU	Roku INC	Stock-Comm Services	0.20%	+0.20%	NEW

Portfolio Performance

Performance for Q3 2026

+2.5%

Performance Last 4 Quarters

-9%

Based on 65% of reported portfolio value with available pricing

Stdev: +19.1%
Beta: +1.2
Alpha: -4.1%
Max Drawdown: -19%
Annualized Perf: +17.7%
Batting Avg vs S&P: +47.2%
Sortino: +1.82
Stutzer: +0.28
Treynor: +0.15
Sterling: +0.78
Calmar: +0.93
Information Ratio: -0.03
Tracking Error: +11.2%
Stdev Down: +10%
Winning Months %: +63.9%
Losing Months %: +36.1%
Best 12 Months: +54.8%
Worst 12 Months: -9%
Efficiency Ratio: +0.4
Sharpe: +0.95
Stdev Sectors: +5.6%
Skewness: +0.29
Kurtosis: -0.05
Upside Potential: +3.54

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	23	$2.6B	90	1HSIC 2V 3PRMB Top holdings2026-03-31 1.HSIC 2.V 3.PRMB 4.UNP 5.LIN 6.GOOGL 7.SPOT 8.NU 9.ADI 10.DHR
2025-12-31	29	$2.8B	83	1HSIC 2AMZN 3LIN Top holdings2025-12-31 1.HSIC 2.AMZN 3.LIN 4.V 5.UNP 6.NU 7.DHR 8.CLH 9.AYI 10.META
2025-09-30	28	$3.1B	68	1HSIC 2MSFT 3AMZN Top holdings2025-09-30 1.HSIC 2.MSFT 3.AMZN 4.COF 5.SN 6.META 7.CVNA 8.NU 9.CRM 10.UNP
2025-06-30	31	$3.4B	0	1HSIC 2META 3PRMB Top holdings2025-06-30 1.HSIC 2.META 3.PRMB 4.PTC 5.AKX 6.PGR 7.COF 8.CRH 9.AMZN 10.LPLA
2025-03-31	26	$2.5B	100	1HSIC 2META 3PTC Top holdings2025-03-31 1.HSIC 2.META 3.PTC 4.FLUT 5.COF 6.CVNA 7.PFGC 8.INTU 9.CRM 10.LPLA
2024-12-31	36	$3.6B	0	1META 2CRM 3HSIC Top holdings2024-12-31 1.META 2.CRM 3.HSIC 4.SN 5.FLUT 6.INTU 7.PTC 8.PFGC 9.CVNA 10.COF
2024-09-30	36	$3.0B	0	1META 2FLUT 3CRM Top holdings2024-09-30 1.META 2.FLUT 3.CRM 4.INTU 5.PFGC 6.PTC 7.MSFT 8.V 9.CVNA 10.COF
2024-06-30	33	$2.5B	0	1CRH 2INTU 3LYV Top holdings2024-06-30 1.CRH 2.INTU 3.LYV 4.PTC 5.GOOGL 6.META 7.CRM 8.MSFT 9.PFGC 10.V
2024-03-31	36	$2.7B	0	1GOOGL 2CRM 3META Top holdings2024-03-31 1.GOOGL 2.CRM 3.META 4.DFSEUR 5.CRH 6.ALL 7.LW 8.PTC 9.MSFT 10.STZ
2023-12-31	24	$2.0B	0	1CRH 2PTC 3PGR Top holdings2023-12-31 1.CRH 2.PTC 3.PGR 4.CRM 5.MSFT 6.GE 7.V 8.AMZN 9.VMC 10.PFGC
2023-09-30	23	$1.9B	0	1CRM 2MSFT 3PFGC Top holdings2023-09-30 1.CRM 2.MSFT 3.PFGC 4.META 5.VMC 6.PTC 7.GOOGL 8.V 9.PGR 10.GE
2023-06-30	27	$2.0B	0	1MSFT 2META 3PFGC Top holdings2023-06-30 1.MSFT 2.META 3.PFGC 4.CRM 5.PTC 6.GOOGL 7.V 8.HLT 9.INTU 10.SAIA
2023-03-31	23	$1.9B	0	1META 2CRM 3GOOGL Top holdings2023-03-31 1.META 2.CRM 3.GOOGL 4.MSFT 5.V 6.CSX 7.PTC 8.VMC 9.CLX 10.PFGC
2022-12-31	17	$1.8B	0	1MSFT 2GOOGL 3V Top holdings2022-12-31 1.MSFT 2.GOOGL 3.V 4.META 5.WDAY 6.UNP 7.PTC 8.RACE 9.EXPE 10.VMC
2022-09-30	18	$2.1B	0	1MSFT 2GOOGL 3UNP Top holdings2022-09-30 1.MSFT 2.GOOGL 3.UNP 4.WDAY 5.V 6.VMC 7.RACE 8.DISH 9.AMZN 10.NFLX
2022-06-30	19	$2.1B	0	1MSFT 2DISH 3AVTR Top holdings2022-06-30 1.MSFT 2.DISH 3.AVTR 4.NSC 5.GOOGL 6.WDAY 7.TRU 8.FIS 9.EXPE 10.RACE
2022-03-31	23	$3.2B	0	1DISH 2AVTR 3MSFT Top holdings2022-03-31 1.DISH 2.AVTR 3.MSFT 4.VMC 5.WDAY 6.GOOGL 7.AMZN 8.EXPE 9.FIS 10.NSC
2021-12-31	28	$3.5B	0	1DISH 2AVTR 3GOOGL Top holdings2021-12-31 1.DISH 2.AVTR 3.GOOGL 4.MSFT 5.FIS 6.WDAY 7.EXPE 8.NSC 9.VMC 10.RACE
2021-09-30	33	$4.7B	0	1DISH 2BFH 3AVTR Top holdings2021-09-30 1.DISH 2.BFH 3.AVTR 4.FIS 5.WDAY 6.ATVIEUR 7.MSFT 8.GOOGL 9.UBER 10.PAGS
2021-06-30	35	$4.6B	100	1DISH 2BFH 3AVTR Top holdings2021-06-30 1.DISH 2.BFH 3.AVTR 4.FIS 5.GOOGL 6.MSFT 7.EXPE 8.LBEUR 9.NSC 10.OPTU
2021-03-31	31	$4.8B	66	1DISH 2MSFT 3GOOGL Top holdings2021-03-31 1.DISH 2.MSFT 3.GOOGL 4.FIS 5.AVTR 6.OPTU 7.NUANEUR 8.UBER 9.ATVIEUR 10.BKNG
2020-12-31	30	$5.1B	63	1DISH 2GOOGL 3OPTU Top holdings2020-12-31 1.DISH 2.GOOGL 3.OPTU 4.FIS 5.MSFT 6.UBER 7.AVTR 8.NUANEUR 9.LVS 10.STZ
2020-09-30	29	$4.3B	82	1DISH 2OPTU 3MSFT Top holdings2020-09-30 1.DISH 2.OPTU 3.MSFT 4.FIS 5.GOOGL 6.STZ 7.A 8.TRU 9.NUANEUR 10.KMX
2020-06-30	26	$4.0B	64	1OPTU 2FIS 3DISH Top holdings2020-06-30 1.OPTU 2.FIS 3.DISH 4.CHTR 5.STZ 6.MSFT 7.CSX 8.UBER 9.LHX 10.DLTR
2020-03-31	26	$3.1B	97	1FIS 2CHTR 3LHX Top holdings2020-03-31 1.FIS 2.CHTR 3.LHX 4.AMZN 5.MSFT 6.OPTU 7.LOW 8.CSX 9.NYT 10.GOOGL
2019-12-31	23	$3.4B	52	1BA 2FIS 3FLT1EUR Top holdings2019-12-31 1.BA 2.FIS 3.FLT1EUR 4.RTN1USD 5.OPTU 6.CRM 7.VMC 8.LOW 9.NSC 10.ADBE
2019-09-30	22	$3.0B	59	1BA 2FIS 3OPTU Top holdings2019-09-30 1.BA 2.FIS 3.OPTU 4.RTN1USD 5.NSC 6.FLT1EUR 7.MSFT 8.CMCSA 9.ADBE 10.LOW
2019-06-30	25	$3.4B	57	1OPTU 2CMCSA 3FLT1EUR Top holdings2019-06-30 1.OPTU 2.CMCSA 3.FLT1EUR 4.BA 5.UNP 6.MSFT 7.DIS 8.NSC 9.WP 10.LOW
2019-03-31	24	$3.1B	89	1WP 2FLT1EUR 3GOOGL Top holdings2019-03-31 1.WP 2.FLT1EUR 3.GOOGL 4.BKIEUR 5.TMUS 6.NSC 7.UNP 8.DIS 9.MSFT 10.IHS
2018-12-31	19	$2.1B	81	1TMUS 2GOOGL 3FDC Top holdings2018-12-31 1.TMUS 2.GOOGL 3.FDC 4.MSFT 5.FLT1EUR 6.HLT 7.WP 8.CMCSA 9.CPRT 10.IHS
2018-09-30	19	$2.2B	65	1TMUS 2MSFT 3CMCSA Top holdings2018-09-30 1.TMUS 2.MSFT 3.CMCSA 4.GOOGL 5.BABA 6.NSC 7.HLT 8.SSNC 9.FDC 10.IHS
2018-06-30	24	$2.3B	46	1CMCSA 2FDC 3DD Top holdings2018-06-30 1.CMCSA 2.FDC 3.DD 4.QSR 5.MHK 6.TMUS 7.MSFT 8.META 9.BABA 10.SSNC
2018-03-31	19	$1.8B	73	1DD 2MSFT 3CMCSA Top holdings2018-03-31 1.DD 2.MSFT 3.CMCSA 4.FDC 5.MHK 6.SSNC 7.IHS 8.GOOGL 9.TMUS 10.META
2017-12-31	21	$1.8B	64	1CMCSA 2DD 3TMUS Top holdings2017-12-31 1.CMCSA 2.DD 3.TMUS 4.GOOGL 5.FLT1EUR 6.MSFT 7.MHK 8.MGM 9.PTC 10.NBIS
2017-09-30	23	$1.6B	67	1CMCSA 2DD 3QSR Top holdings2017-09-30 1.CMCSA 2.DD 3.QSR 4.FLT1EUR 5.MHK 6.PTC 7.MSFT 8.GOOGL 9.HLT 10.PXGBX
2017-06-30	23	$1.3B	68	1FLT1EUR 2MHK 3FMC Top holdings2017-06-30 1.FLT1EUR 2.MHK 3.FMC 4.PTC 5.PXGBX 6.TMUS 7.V 8.WMT 9.HLT 10.FDC
2017-03-31	22	$1.3B	85	1PXGBX 2PTC 3MHK Top holdings2017-03-31 1.PXGBX 2.PTC 3.MHK 4.V 5.SHW 6.FDC 7.FLT1EUR 8.QSR 9.GOOGL 10.TTWO
2016-12-31	22	$1.8B	100	1SPY 2PTC 3TTWO Top holdings2016-12-31 1.SPY 2.PTC 3.TTWO 4.GOOGL 5.FIS 6.SHW 7.MHK 8.FDC 9.WFC 10.205363
2016-09-30	22	$1.1B	76	1FIS 2PTC 3SHW Top holdings2016-09-30 1.FIS 2.PTC 3.SHW 4.SSNC 5.MHK 6.NWL 7.CHTR 8.SABR 9.205363 10.QSR
2016-06-30	25	$1.2B	100	1NWL 2FIS 3CHTR Top holdings2016-06-30 1.NWL 2.FIS 3.CHTR 4.MHK 5.61166W 6.PTC 7.WMB 8.CCI 9.LAD 10.74876Y
2016-03-31	25	$1.1B	92	1FIS 2NWL 3CHTR Top holdings2016-03-31 1.FIS 2.NWL 3.CHTR 4.MHK 5.61166W 6.SSNC 7.PTC 8.GPN 9.580645 10.OPLN
2015-12-31	21	$863.6M	60	1MCD 2OPLN 3GOOG Top holdings2015-12-31 1.MCD 2.OPLN 3.GOOG 4.MHK 5.61166W 6.SSNC 7.580645 8.CHTR 9.DLTR 10.WBS
2015-09-30	24	$1.0B	50	138259P2MHK 3SSNC Top holdings2015-09-30 1.38259P 2.MHK 3.SSNC 4.580645 5.DLTR 6.SBAC 7.VMC 8.OPLN 9.MCD 10.APD
2015-06-30	23	$1.0B	52	1SSNC 2BIDU 3MHK Top holdings2015-06-30 1.SSNC 2.BIDU 3.MHK 4.OPLN 5.PTC 6.61166W 7.SBAC 8.38259P 9.580645 10.LBTYA
2015-03-31	28	$1.1B	82	161166W2LAD 3MHK Top holdings2015-03-31 1.61166W 2.LAD 3.MHK 4.OPLN 5.LBTYA 6.SBAC 7.LPLA 8.580645 9.SSNC 10.DLTR
2014-12-31	29	$1.1B	82	1CHTR 2LPLA 3MHK Top holdings2014-12-31 1.CHTR 2.LPLA 3.MHK 4.LBTYA 5.SDA 6.LAD 7.AAL 8.61166W 9.38259P 10.SBAC
2014-09-30	32	$1.2B	77	15806452SEMGUSD 3AAP Top holdings2014-09-30 1.580645 2.SEMGUSD 3.AAP 4.MHK 5.BIDU 6.SBAC 7.61166W 8.CCI 9.CMCSA 10.TCPA
2014-06-30	31	$1.2B	92	1APC3EUR 2AAP3580645 Top holdings2014-06-30 1.APC3EUR 2.AAP 3.580645 4.SEMGUSD 5.61166W 6.ALLE 7.MU 8.CP 9.STZ 10.LPLA
2014-03-31	28	$778.8M	100	1OPLN25806453SEMGUSD Top holdings2014-03-31 1.OPLN 2.580645 3.SEMGUSD 4.ALLE 5.CMCSA 6.AAL 7.STZ 8.GOOG 9.URI 10.XXI
2013-12-31	27	$486.5M	96	1OPLN 2SEMGUSD 3HUN Top holdings2013-12-31 1.OPLN 2.SEMGUSD 3.HUN 4.580645 5.STZ 6.61166W 7.CCI 8.LOW 9.XXI 10.AON
2013-09-30	28	$369.0M	100	1OPLN 2LOW 3HUN Top holdings2013-09-30 1.OPLN 2.LOW 3.HUN 4.SEMGUSD 5.CCI 6.88732J 7.STZ 8.IR 9.AON 10.GOOG
2013-06-30	21	$241.1M	0	1OPLN21248573GE Top holdings2013-06-30 1.OPLN 2.124857 3.GE 4.OC 5.LBTYA 6.MA 7.SEMGUSD 8.COF 9.DG 10.75605Y

Holding changes this quarter

Palestra Capital Management LLC's most significant position changes for 2026-03-31: New buy: Spotify Technology S.A. (SPOT); New buy: Analog Devices INC (ADI); Sold out: Clean Harbors INC (CLH); Sold out: Acuity INC (AYI); Sold out: Meta Platforms Inc-class A (META).

Position changes disclosed by Palestra Capital Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	PRMB	Primo Brands CORP	+4.5%	+100.65%	Add
2	PTC	Ptc INC	+3.5%	+279.94%	Add
3	HSIC	Henry Schein INC	+3.4%	+43.22%	Add
4	V	Visa Inc-class A Shares	+3%	+57.74%	Add
5	GOOGL	Alphabet Inc-cl A	+2.8%	+70.76%	Add
6	UNP	Union Pacific CORP	+1.2%	+5.33%	Add
7	NU	Nu Holdings Ltd.	+0.8%	+21.15%	Add
8	LIN	Linde plc	+0.8%	-12.09%	Trim
9	CVNA	Carvana Co	+0.5%	+36.05%	Add
10	PSKY	Paramount Skydance Cl B	+0.3%	+301.86%	Add
11	NVDA	Nvidia CORP	-0.1%	-10.51%	Trim
12	DHR	Danaher CORP	-0.4%	+2.30%	Add
13	APP	Applovin Corp-class A	-1.1%	—	Unchanged
14	MSFT	Microsoft CORP	-1.4%	-47.32%	Trim
15	CRM	Salesforce INC	-3.1%	-72.49%	Trim
16	AMZN	Amazon.com INC	-4.8%	-77.84%	Trim
17	SPOT	Spotify Technology S.A.	—	NEW	New buy
18	ADI	Analog Devices INC	—	NEW	New buy
19	CLH	Clean Harbors INC	—	EXIT	Sold out
20	AYI	Acuity INC	—	EXIT	Sold out
21	META	Meta Platforms Inc-class A	—	EXIT	Sold out
22	CRS	Carpenter Technology	—	EXIT	Sold out
23	STX	Seagate Technology Holdings plc	—	NEW	New buy
24	CPNG	Coupang INC	—	NEW	New buy
25	CMCSA	Comcast Corp-class A	—	EXIT	Sold out
26	AMAT	Applied Materials INC	—	NEW	New buy
27	LUMN	Lumen Technologies INC	—	EXIT	Sold out
28	CRH	CRH plc	—	EXIT	Sold out
29	COF	Capital One Financial CORP	—	EXIT	Sold out
30	INFY	Infosys Ltd-sp Adr	—	EXIT	Sold out
31	UAL	United Airlines Holdings INC	—	EXIT	Sold out
32	DLTR	Dollar Tree INC	—	EXIT	Sold out
33	PCOR	Procore Technologies INC	—	EXIT	Sold out
34	ROKU	Roku INC	—	NEW	New buy

FAQ

What is Palestra Capital Management LLC and what type of investor is it?

Palestra Capital Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.6B, spread across 23 disclosed positions.

What are Palestra Capital Management LLC's largest equity positions?

Based on the latest 13F filing, Palestra Capital Management LLC's top holdings by market value are: 1. Henry Schein INC (HSIC) — $251.5M (9.8%) 2. Visa Inc-class A Shares (V) — $227.1M (8.9%) 3. Primo Brands CORP (PRMB) — $189.7M (7.4%) 4. Union Pacific CORP (UNP) — $175.6M (6.8%) 5. Linde plc (LIN) — $175.0M (6.8%)

What changes did Palestra Capital Management LLC make in its most recent portfolio filing?

In the latest reported quarter, Palestra Capital Management LLC made 33 notable position adjustments: 6 new positions were initiated, 10 existing holdings were added to, 5 positions were partially reduced, and 12 were completely exited. The largest of these moves: New buy: Spotify Technology S.A. (SPOT); New buy: Analog Devices INC (ADI); Sold out: Clean Harbors INC (CLH); Sold out: Acuity INC (AYI); Sold out: Meta Platforms Inc-class A (META)

What sectors does Palestra Capital Management LLC focus on?

Palestra Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 24.5% • Financials: 15.1% • Health Care: 14.8% • Communication Services: 13.8% • Consumer Discretionary: 10.7% • Consumer Staples: 7.4%