Palestra Capital Management LLC In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Palestra Capital Management LLC reported 25 stock positions worth $2.5 billion . Its top holding was Henry Schein (HSIC) at 11.0% of the portfolio, followed by Meta Platforms Class A (META, 10.1% ) and PTC (PTC, 7.0% ). Compared with Q4 2024, it opened 2 new positions, sold out of 13, added to 5 and reduced 15. The biggest buy was Henry Schein (HSIC, shares +51% ) and the biggest sale an exit from Alphabet Class A (GOOGL).
Location NEW YORK, NY
CIK 0001568788
Portfolio Value $2.5B (Q1 2025) Holdings 25 stocks · $2.5B 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 2024 HSIC Henry Schein Inc. 3,999,490 $273.9M Add +51.3% META Meta Platforms Inc. Class A 433,324 $249.8M Reduce -1.1% PTC PTC Inc. 1,113,417 $172.5M Add +21.7% FLUT Flutter Entertainment PLC-Di 724,691 $160.6M Add +8.1% COF Capital One Financial Corp. 850,672 $152.5M Reduce -5.6% CVNA Carvana Co. 691,959 $144.7M Reduce -14.3% PFGC Performance Food Group Co. 1,792,500 $140.9M Reduce -9.6% INTU Intuit Inc. 228,971 $140.6M Reduce -15.7% CRM Salesforce Inc. 499,781 $134.1M Reduce -11.5% LPLA LPL Financial Holdings Inc. 399,210 $130.6M Add +21.6% CRH CRH PLC 1,389,394 $122.2M Reduce -4.9% SN Sharkninja Inc. 1,403,388 $117.1M Reduce -21.2% V Visa Inc. Class A 320,034 $112.2M Reduce -6.7% HLT Hilton Worldwide Holdings Inc. 404,413 $92.0M No change LPX Louisiana-Pacific Corp. 911,621 $83.9M Add +173.4% APO Apollo Global Management Inc. 470,278 $64.4M Reduce -34.0% MSFT Microsoft Corp. 146,047 $54.8M Reduce -51.1% ANSS Ansys Inc. 109,571 $34.7M New SNPS Synopsys Inc. 78,408 $33.6M New DLTR Dollar Tree Inc. 223,700 $16.8M No change PARAA Paramount Global Class B 1,298,000 $15.5M No change LUMN Lumen Technologies Inc. 3,750,000 $14.7M Reduce -66.4% ECHO Echostar Corp. Class A 360,000 $9.2M Reduce -49.8% PGR Progressive Corp. 18,775 $5.3M Reduce -96.9% LYV Live Nation Entertainment Inc. 32,654 $4.3M Reduce -95.4%
Options reported separately and not counted above: HSIC calls ($58.2M).
Portfolio Sells Q4 2024 → Q1 2025 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 2024 % Of Portfolio Change To Portfolio ▲ GOOGL Alphabet Inc. Class A Sold out 0.00% −3.90 PGR Progressive Corp. Reduce -96.9% 0.21% −3.72 UAL United Airlines Holdings Inc. Sold out 0.00% −3.07 AMZN Amazon.com Inc. Sold out 0.00% −2.46 LYV Live Nation Entertainment Inc. Reduce -95.4% 0.17% −2.34 GE General Electric Sold out 0.00% −2.30 RDDT Reddit Inc. Class A Sold out 0.00% −1.62 VMC Vulcan Materials Co. Sold out 0.00% −1.50 DAL Delta Air Lines Inc. Sold out 0.00% −1.43 MSFT Microsoft Corp. Reduce -51.1% 2.21% −1.24 GEV GE Vernova Inc. Sold out 0.00% −1.14 DOCU Docusign Inc. Sold out 0.00% −1.06 LUMN Lumen Technologies Inc. Reduce -66.4% 0.59% −1.03 CHTR Charter Communications Inc. Class A Sold out 0.00% −1.02 NVDA Nvidia Corp. Sold out 0.00% −0.96 BKNG Booking Holdings Inc. Sold out 0.00% −0.63 APO Apollo Global Management Inc. Reduce -34.0% 2.60% −0.63 TTAN Servicetitan Inc. Class A Sold out 0.00% −0.08 ECHO Echostar Corp. Class A Reduce -49.8% 0.37% −0.08 SN Sharkninja Inc. Reduce -21.2% 4.72% −0.03 CRM Salesforce Inc. Reduce -11.5% 5.41% +0.23 INTU Intuit Inc. Reduce -15.7% 5.67% +0.99 PFGC Performance Food Group Co. Reduce -9.6% 5.68% +1.09 CRH CRH PLC Reduce -4.9% 4.93% +1.22 CVNA Carvana Co. Reduce -14.3% 5.83% +1.33 V Visa Inc. Class A Reduce -6.7% 4.52% +1.55 COF Capital One Financial Corp. Reduce -5.6% 6.15% +1.74 META Meta Platforms Inc. Class A Reduce -1.1% 10.07% +3.04
Portfolio Buys Q4 2024 → Q1 2025 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 2024 % Of Portfolio Change To Portfolio ▼ HSIC Henry Schein Inc. Add +51.3% 11.04% +6.03 LPX Louisiana-Pacific Corp. Add +173.4% 3.38% +2.43 PTC PTC Inc. Add +21.7% 6.95% +2.34 LPLA LPL Financial Holdings Inc. Add +21.6% 5.26% +2.33 FLUT Flutter Entertainment PLC-Di Add +8.1% 6.47% +1.72 ANSS Ansys Inc. New 1.40% +1.40 SNPS Synopsys Inc. New 1.36% +1.36
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ HSIC Henry Schein Inc. call New 850,000 $58.2M
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