Palestra Capital Management LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Palestra Capital Management LLC reported 30 stock positions worth $3.4 billion . Its top holding was Meta Platforms Class A (META) at 8.4% of the portfolio, followed by Henry Schein (HSIC, 7.6% ) and Primo Brands (PRMB, 5.5% ). Compared with Q1 2025, it opened 8 new positions, sold out of 3, added to 6 and reduced 13. The biggest buy was a new position in Primo Brands (PRMB) and the biggest sale Flutter Entertainment PLC-Di (FLUT, shares −55% ).
Location NEW YORK, NY
CIK 0001568788
Portfolio Value $3.4B (Q2 2025) Holdings 30 stocks · $3.4B 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 Q1 2025 META Meta Platforms Inc. Class A 384,323 $283.7M Reduce -11.3% HSIC Henry Schein Inc. 3,501,520 $255.8M Reduce -12.4% PRMB Primo Brands Corp. 6,273,931 $185.8M New PTC PTC Inc. 1,009,277 $173.9M Reduce -9.3% ANSS Ansys Inc. 494,274 $173.6M Add +351.1% PGR Progressive Corp. 624,965 $166.8M Add +3228.7% COF Capital One Financial Corp. 764,400 $162.6M Reduce -10.1% CRH CRH PLC 1,622,602 $149.0M Add +16.8% AMZN Amazon.com Inc. 664,319 $145.7M New LPLA LPL Financial Holdings Inc. 379,934 $142.5M Reduce -4.8% MSFT Microsoft Corp. 271,669 $135.1M Add +86.0% CPNG Coupang Inc. 4,469,948 $133.9M New SN Sharkninja Inc. 1,257,925 $124.5M Reduce -10.4% CRM Salesforce Inc. 418,716 $114.2M Reduce -16.2% V Visa Inc. Class A 308,278 $109.5M Reduce -3.7% HLT Hilton Worldwide Holdings Inc. 404,413 $107.7M No change SE Sea Ltd.-ADR 647,095 $103.5M New PFGC Performance Food Group Co. 1,159,583 $101.4M Reduce -35.3% INTU Intuit Inc. 120,479 $94.9M Reduce -47.4% FLUT Flutter Entertainment PLC-Di 328,260 $93.8M Reduce -54.7% CVNA Carvana Co. 275,890 $93.0M Reduce -60.1% ATI Ati Inc. 1,062,298 $91.7M New APP AppLovin Corp. Class A 185,000 $64.8M New ENTG Entegris Inc. 691,661 $55.8M New LUMN Lumen Technologies Inc. 11,167,585 $48.9M Add +197.8% DLTR Dollar Tree Inc. 223,700 $22.2M No change ECHO Echostar Corp. Class A 717,139 $19.9M Add +99.2% PARAA Paramount Global Class B 1,298,000 $16.7M No change KKR KKR & Co. Inc. 24,400 $3.2M New LYV Live Nation Entertainment Inc. 16,282 $2.5M Reduce -50.1%
Options reported separately and not counted above: HSIC calls ($62.1M).
Portfolio Sells Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ FLUT Flutter Entertainment PLC-Di Reduce -54.7% 2.78% −3.69 HSIC Henry Schein Inc. Reduce -12.4% 7.58% −3.47 LPX Louisiana-Pacific Corp. Sold out 0.00% −3.38 CVNA Carvana Co. Reduce -60.1% 2.75% −3.08 INTU Intuit Inc. Reduce -47.4% 2.81% −2.86 PFGC Performance Food Group Co. Reduce -35.3% 3.00% −2.68 APO Apollo Global Management Inc. Sold out 0.00% −2.60 CRM Salesforce Inc. Reduce -16.2% 3.38% −2.02 PTC PTC Inc. Reduce -9.3% 5.15% −1.80 META Meta Platforms Inc. Class A Reduce -11.3% 8.40% −1.67 SNPS Synopsys Inc. Sold out 0.00% −1.36 COF Capital One Financial Corp. Reduce -10.1% 4.82% −1.33 V Visa Inc. Class A Reduce -3.7% 3.24% −1.28 LPLA LPL Financial Holdings Inc. Reduce -4.8% 4.22% −1.04 SN Sharkninja Inc. Reduce -10.4% 3.69% −1.03 LYV Live Nation Entertainment Inc. Reduce -50.1% 0.07% −0.10
Portfolio Buys Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ PRMB Primo Brands Corp. New 5.50% +5.50 PGR Progressive Corp. Add +3228.7% 4.94% +4.73 AMZN Amazon.com Inc. New 4.32% +4.32 CPNG Coupang Inc. New 3.97% +3.97 ANSS Ansys Inc. Add +351.1% 5.14% +3.74 SE Sea Ltd.-ADR New 3.07% +3.07 ATI Ati Inc. New 2.72% +2.72 APP AppLovin Corp. Class A New 1.92% +1.92 MSFT Microsoft Corp. Add +86.0% 4.00% +1.79 ENTG Entegris Inc. New 1.65% +1.65 LUMN Lumen Technologies Inc. Add +197.8% 1.45% +0.86 ECHO Echostar Corp. Class A Add +99.2% 0.59% +0.22 KKR KKR & Co. Inc. New 0.10% +0.10 CRH CRH PLC Add +16.8% 4.41% −0.52
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