Palestra Capital Management LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Palestra Capital Management LLC reported 35 stock positions worth $2.6 billion . Its top holding was Salesforce (CRM) at 6.7% of the portfolio, followed by Meta Platforms Class A (META, 6.3% ) and Alphabet Class A (GOOGL, 5.2% ). Compared with Q4 2023, it opened 12 new positions, sold out of 1, added to 9 and reduced 11. The biggest buy was a new position in Lamb Weston (LW) and the biggest sale Progressive (PGR, shares −54% ).
Location NEW YORK, NY
CIK 0001568788
Portfolio Value $2.6B (Q1 2024) Holdings 35 stocks · $2.6B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 CRM Salesforce Inc. 579,892 $174.7M Add +17.3% META Meta Platforms Inc. Class A 339,451 $164.8M Add +41.6% GOOGL Alphabet Inc. Class A 897,716 $135.5M Add +33.8% DFS Discover Financial Services 921,858 $120.8M Add +25.8% CRH CRH PLC 1,384,827 $119.5M Reduce -34.2% ALL Allstate Corp. 669,686 $115.9M Add +12.2% LW Lamb Weston Holdings Inc. 1,081,819 $115.2M New PTC PTC Inc. 602,831 $113.9M Reduce -22.4% MSFT Microsoft Corp. 269,942 $113.6M Reduce -15.2% STZ Constellation Brands Inc. Class A 414,990 $112.8M Add +20.6% AMZN Amazon.com Inc. 592,737 $106.9M Reduce -13.2% V Visa Inc. Class A 377,878 $105.5M Reduce -8.9% PFGC Performance Food Group Co. 1,321,515 $98.6M Reduce -5.7% INTC Intel Corp. 2,186,523 $96.6M New T AT&T Inc. 5,451,491 $95.9M Add +119.9% AER Aercap Holdings NV 1,046,495 $91.0M Add +2.3% GE General Electric 503,737 $88.4M Reduce -40.8% PGR Progressive Corp. 387,815 $80.2M Reduce -54.0% LYV Live Nation Entertainment Inc. 735,681 $77.8M New APO Apollo Global Management Inc. 665,406 $74.8M New BKNG Booking Holdings Inc. 18,825 $68.3M New HLT Hilton Worldwide Holdings Inc. 310,190 $66.2M Reduce -28.4% VMC Vulcan Materials Co. 212,800 $58.1M Reduce -50.8% INTU Intuit Inc. 84,322 $54.8M Reduce -11.6% CHTR Charter Communications Inc. Class A 108,200 $31.4M Add +32.4% DLTR Dollar Tree Inc. 223,700 $29.8M No change ASML ASML Holding NV-NY Reg SHS 30,475 $29.6M New LUMN Lumen Technologies Inc. 11,167,585 $17.4M No change NVDA Nvidia Corp. 16,650 $15.0M New CDNS Cadence Design SYS Inc. 36,863 $11.5M New ECHO Echostar Corp. Class A 717,139 $10.2M No change AMD Advanced Micro Devices 29,853 $5.4M New SHW The Sherwin-Williams Co. 11,113 $3.9M New LPLA LPL Financial Holdings Inc. 8,200 $2.2M New MCO Moody's Corp. 2,700 $1.1M New
Options reported separately and not counted above: GOOGL calls ($77.7M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ PGR Progressive Corp. Reduce -54.0% 3.08% −3.58 TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −2.65 VMC Vulcan Materials Co. Reduce -50.8% 2.23% −2.64 CRH CRH PLC Reduce -34.2% 4.58% −2.64 PTC PTC Inc. Reduce -22.4% 4.37% −2.38 GE General Electric Reduce -40.8% 3.39% −2.00 MSFT Microsoft Corp. Reduce -15.2% 4.36% −1.59 HLT Hilton Worldwide Holdings Inc. Reduce -28.4% 2.54% −1.38 V Visa Inc. Class A Reduce -8.9% 4.04% −1.32 AMZN Amazon.com Inc. Reduce -13.2% 4.10% −1.05 PFGC Performance Food Group Co. Reduce -5.7% 3.78% −1.03 INTU Intuit Inc. Reduce -11.6% 2.10% −0.86
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ LW Lamb Weston Holdings Inc. New 4.42% +4.42 INTC Intel Corp. New 3.70% +3.70 LYV Live Nation Entertainment Inc. New 2.98% +2.98 APO Apollo Global Management Inc. New 2.87% +2.87 BKNG Booking Holdings Inc. New 2.62% +2.62 META Meta Platforms Inc. Class A Add +41.6% 6.32% +2.11 T AT&T Inc. Add +119.9% 3.68% +1.61 ASML ASML Holding NV-NY Reg SHS New 1.13% +1.13 NVDA Nvidia Corp. New 0.58% +0.58 DFS Discover Financial Services Add +25.8% 4.64% +0.54 GOOGL Alphabet Inc. Class A Add +33.8% 5.20% +0.54 CDNS Cadence Design SYS Inc. New 0.44% +0.44 ALL Allstate Corp. Add +12.2% 4.44% +0.29 CRM Salesforce Inc. Add +17.3% 6.70% +0.24 AMD Advanced Micro Devices New 0.21% +0.21 STZ Constellation Brands Inc. Class A Add +20.6% 4.33% +0.19 SHW The Sherwin-Williams Co. New 0.15% +0.15 LPLA LPL Financial Holdings Inc. New 0.08% +0.08 MCO Moody's Corp. New 0.04% +0.04 AER Aercap Holdings NV Add +2.3% 3.49% −0.29 CHTR Charter Communications Inc. Class A Add +32.4% 1.21% −0.37
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ GOOGL Alphabet Inc. Class A call New 514,700 $77.7M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 21 $2.9B STX, LIN, ADI, AMZN, UNP Q1 2026 22 $2.5B HSIC, V, UNP, LIN, PRMB Q4 2025 28 $2.8B HSIC, AMZN, LIN, V, UNP Q3 2025 27 $3.0B HSIC, MSFT, AMZN, COF, SN Q2 2025 30 $3.4B META, HSIC, PRMB, PTC, ANSS Q1 2025 25 $2.5B HSIC, META, PTC, FLUT, COF Q4 2024 36 $3.6B META, CRM, HSIC, SN, FLUT Q3 2024 36 $3.0B META, FLUT, CRM, INTU, PFGC Q2 2024 33 $2.5B CRH, INTU, LYV, PTC, GOOGL Q1 2024 35 $2.6B CRM, META, GOOGL, DFS, CRH