Palestra Capital Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Palestra Capital Management LLC reported 36 stock positions worth $3.0 billion. Its top holding was Meta Platforms Class A (META) at 7.3% of the portfolio, followed by Flutter Entertainment PLC-Di (FLUT, 6.8%) and Salesforce (CRM, 6.3%). Compared with Q2 2024, it opened 11 new positions, sold out of 8, added to 10 and reduced 8. The biggest buy was a new position in Flutter Entertainment PLC-Di (FLUT) and the biggest sale an exit from Apollo Global Management (APO).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001568788
- Portfolio Value
- $3.0B (Q3 2024)
- SEC Filing
- 0001172661-24-005194 ↗ filed Nov 14, 2024
Holdings Value
Holdings 36 stocks · $3.0B
| META Meta Platforms Inc. Class A | 7.25% | 384,001 | $219.8M | Add +67.7% |
| FLUT Flutter Entertainment PLC-Di | 6.81% | 869,609 | $206.3M | New |
| CRM Salesforce Inc. | 6.32% | 700,048 | $191.6M | Add +57.3% |
| INTU Intuit Inc. | 5.54% | 270,430 | $167.9M | Add +39.1% |
| PFGC Performance Food Group Co. | 4.81% | 1,861,039 | $145.8M | Add +13.4% |
| PTC PTC Inc. | 4.66% | 782,258 | $141.3M | Add +14.5% |
| MSFT Microsoft Corp. | 4.40% | 310,111 | $133.4M | Add +23.3% |
| V Visa Inc. Class A | 4.15% | 457,249 | $125.7M | Add +11.4% |
| CVNA Carvana Co. | 4.01% | 698,813 | $121.7M | New |
| COF Capital One Financial Corp. | 3.96% | 802,722 | $120.2M | Add +18.1% |
| CRH CRH PLC | 3.87% | 1,264,890 | $117.3M | Reduce -45.6% |
| AMZN Amazon.com Inc. | 3.54% | 575,315 | $107.2M | Add +7.7% |
| GOOGL Alphabet Inc. Class A | 3.49% | 638,834 | $106.0M | Reduce -1.9% |
| SN Sharkninja Inc. | 3.48% | 970,825 | $105.5M | New |
| GE General Electric filed as GE AEROSPACE | 3.13% | 503,737 | $95.0M | No change |
| ALL Allstate Corp. | 3.08% | 492,062 | $93.3M | Reduce -15.6% |
| HLT Hilton Worldwide Holdings Inc. | 3.07% | 404,413 | $93.2M | Reduce -11.1% |
| LYV Live Nation Entertainment Inc. | 2.88% | 797,204 | $87.3M | Reduce -40.9% |
| LUMN Lumen Technologies Inc. | 2.62% | 11,167,585 | $79.3M | No change |
| MMM 3M Co. | 2.43% | 539,523 | $73.8M | New |
| VST Vistra Corp. | 2.10% | 537,745 | $63.7M | New |
| AER Aercap Holdings NV | 2.09% | 668,817 | $63.4M | Reduce -29.6% |
| VMC Vulcan Materials Co. | 1.76% | 212,800 | $53.3M | No change |
| DAL Delta Air Lines Inc. | 1.56% | 931,190 | $47.3M | New |
| UAL United Airlines Holdings Inc. | 1.54% | 816,658 | $46.6M | New |
| NVDA Nvidia Corp. | 1.36% | 339,002 | $41.2M | Add +21.9% |
| CHTR Charter Communications Inc. Class A | 1.16% | 108,200 | $35.1M | No change |
| KWEB Kranesh Csi China Internet | 1.12% | 995,924 | $33.9M | New |
| GEV GE Vernova Inc. | 1.06% | 125,934 | $32.1M | No change |
| BKNG Booking Holdings Inc. | 0.80% | 5,727 | $24.1M | Reduce -78.1% |
| ECHO Echostar Corp. Class A | 0.59% | 717,139 | $17.8M | No change |
| DLTR Dollar Tree Inc. | 0.52% | 223,700 | $15.7M | No change |
| PARAA Paramount Global Class B | 0.45% | 1,298,000 | $13.8M | New |
| WDAY Workday Inc. Class A | 0.20% | 24,464 | $6.0M | New |
| PGR Progressive Corp. | 0.14% | 17,113 | $4.3M | Reduce -18.7% |
| TRU Transunion | 0.06% | 18,556 | $1.9M | New |
Portfolio Sells Q2 2024 → Q3 2024
| APO Apollo Global Management Inc. | Sold out | 0.00% | −3.60 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −3.56 |
| BKNG Booking Holdings Inc. | Reduce -78.1% | 0.80% | −3.29 |
| T AT&T Inc. | Sold out | 0.00% | −3.05 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −3.02 |
| CRH CRH PLC | Reduce -45.6% | 3.87% | −3.01 |
| TT Trane Technologies PLC | Sold out | 0.00% | −2.97 |
| LYV Live Nation Entertainment Inc. | Reduce -40.9% | 2.88% | −2.11 |
| AER Aercap Holdings NV | Reduce -29.6% | 2.09% | −1.40 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 3.49% | −1.19 |
| MU Micron Technology Inc. | Sold out | 0.00% | −1.12 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -11.1% | 3.07% | −0.84 |
| ALL Allstate Corp. | Reduce -15.6% | 3.08% | −0.59 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.20 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −0.16 |
| PGR Progressive Corp. | Reduce -18.7% | 0.14% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| FLUT Flutter Entertainment PLC-Di | New | 6.81% | +6.81 |
| CVNA Carvana Co. | New | 4.01% | +4.01 |
| SN Sharkninja Inc. | New | 3.48% | +3.48 |
| META Meta Platforms Inc. Class A | Add +67.7% | 7.25% | +2.69 |
| MMM 3M Co. | New | 2.43% | +2.43 |
| VST Vistra Corp. | New | 2.10% | +2.10 |
| CRM Salesforce Inc. | Add +57.3% | 6.32% | +1.80 |
| DAL Delta Air Lines Inc. | New | 1.56% | +1.56 |
| UAL United Airlines Holdings Inc. | New | 1.54% | +1.54 |
| KWEB Kranesh Csi China Internet | New | 1.12% | +1.12 |
| PFGC Performance Food Group Co. | Add +13.4% | 4.81% | +0.53 |
| INTU Intuit Inc. | Add +39.1% | 5.54% | +0.50 |
| PARAA Paramount Global Class B | New | 0.45% | +0.45 |
| COF Capital One Financial Corp. | Add +18.1% | 3.96% | +0.25 |
| WDAY Workday Inc. Class A | New | 0.20% | +0.20 |
| TRU Transunion | New | 0.06% | +0.06 |
| NVDA Nvidia Corp. | Add +21.9% | 1.36% | +0.00 |
| MSFT Microsoft Corp. | Add +23.3% | 4.40% | −0.04 |
| V Visa Inc. Class A | Add +11.4% | 4.15% | −0.10 |
| PTC PTC Inc. | Add +14.5% | 4.66% | −0.24 |
| AMZN Amazon.com Inc. | Add +7.7% | 3.54% | −0.54 |
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 |