Palestra Capital Management LLC
Long book
$2.55B
Q1 2026
Positions
22
Top-10 weight
70%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
53%
of book per quarter
Strategy in plain words
auto-generated from filingsPalestra Capital Management LLC is a concentrated fundamental stock-picker, running a $2.55B US long book across 22 positions.
The portfolio is concentrated: the top 10 names carry 70% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: HENRY SCHEIN INC, VISA INC-CLASS A SHARES, UNION PACIFIC CORP, LINDE PLC, PRIMO BRANDS CORP.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.1%
Q2 2024
+10.8%
Q3 2024
+7.4%
Q4 2024
-6.7%
Q1 2025
+16.7%
Q2 2025
+4.2%
Q3 2025
-0.3%
Q4 2025
-8.3%
Q1 2026
+14.9%
Sector allocation
Technology 32%
Consumer discretionary 21%
Services media 9%
Communications 7%
Industrials 7%
Materials 7%
Consumer staples 7%
Financials 6%
Long book by quarter
What does Palestra Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HSIC HENRY SCHEIN INC | Consumer discretionary | 3.4M | $251.5M | 9.9% | +43.2% |
| V VISA INC-CLASS A SHARES | Services media | 751.5K | $227.1M | 8.9% | +57.7% |
| UNP UNION PACIFIC CORP | Industrials | 723.9K | $175.6M | 6.9% | +5.3% |
| LIN LINDE PLC | Materials | 352.9K | $175.0M | 6.9% | -12.1% |
| PRMB PRIMO BRANDS CORP | Consumer staples | 9.0M | $170.4M | 6.7% | +126.4% |
| GOOGL ALPHABET INC-CL A | Technology | 590.6K | $169.8M | 6.7% | +70.8% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 347.9K | $168.7M | 6.6% | New |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 11.1M | $159.8M | 6.3% | +21.2% |
| ADI ANALOG DEVICES INC | Technology | 489.1K | $155.6M | 6.1% | New |
| DHR DANAHER CORP | Technology | 677.8K | $128.5M | 5.0% | +2.3% |
| PTC PTC INC | Technology | 890.6K | $126.9M | 5.0% | +279.9% |
| CVNA CARVANA CO | Consumer discretionary | 398.0K | $125.1M | 4.9% | +36.0% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 294.0K | $115.2M | 4.5% | New |
| CPNG COUPANG INC | Consumer discretionary | 6.1M | $114.6M | 4.5% | New |
| AMAT APPLIED MATERIALS INC | Technology | 286.6K | $97.9M | 3.8% | New |
| APP APPLOVIN CORP-CLASS A | Technology | 125.8K | $50.1M | 2.0% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 166.7K | $34.7M | 1.4% | -77.8% |
| NVDA NVIDIA CORP | Technology | 182.7K | $31.9M | 1.3% | -10.5% |
| MSFT MICROSOFT CORP | Technology | 77.7K | $28.7M | 1.1% | -47.3% |
| CRM SALESFORCE INC | Technology | 116.5K | $21.8M | 0.9% | -72.5% |
| PSKY PARAMOUNT SKYDANCE CL B | Communications | 1.3M | $11.7M | 0.5% | +301.9% |
| ROKU ROKU INC | Communications | 53.2K | $5.0M | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 23 | $2.57B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 29 | $2.83B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 28 | $3.10B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 31 | $3.44B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 26 | $2.54B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 36 | $3.65B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 36 | $3.03B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 33 | $2.53B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 36 | $2.68B | canonical | SEC ↗ |
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