Palestra Capital Management LLC In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Palestra Capital Management LLC reported 27 stock positions worth $3.0 billion . Its top holding was Henry Schein (HSIC) at 9.4% of the portfolio, followed by Microsoft (MSFT, 6.3% ) and Amazon.com (AMZN, 5.3% ). Compared with Q2 2025, it opened 7 new positions, sold out of 10, added to 7 and reduced 9. The biggest buy was a new position in Nu Holdings Ltd./Cayman Isl-A (NU) and the biggest sale an exit from Ansys (ANSS).
Location NEW YORK, NY
CIK 0001568788
Portfolio Value $3.0B (Q3 2025) Holdings 27 stocks · $3.0B 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 Q2 2025 HSIC Henry Schein Inc. 4,330,800 $287.4M Add +23.7% MSFT Microsoft Corp. 368,969 $191.1M Add +35.8% AMZN Amazon.com Inc. 728,799 $160.0M Add +9.7% COF Capital One Financial Corp. 689,485 $146.6M Reduce -9.8% SN Sharkninja Inc. 1,388,046 $143.2M Add +10.3% META Meta Platforms Inc. Class A 189,052 $138.8M Reduce -50.8% CVNA Carvana Co. 365,942 $138.0M Add +32.6% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 8,400,684 $134.5M New CRM Salesforce Inc. 548,226 $129.9M Add +30.9% UNP Union Pacific Corp. 541,507 $128.0M New PFGC Performance Food Group Co. 1,159,583 $120.6M No change CPNG Coupang Inc. 3,612,344 $116.3M Reduce -19.2% PRMB Primo Brands Corp. 5,061,089 $111.9M Reduce -19.3% SE Sea Ltd.-ADR 621,330 $111.1M Reduce -4.0% NVDA Nvidia Corp. 576,539 $107.6M New FLUT Flutter Entertainment PLC-Di 419,101 $106.5M Add +27.7% CRH CRH PLC 887,399 $106.4M Reduce -45.3% V Visa Inc. Class A 308,278 $105.2M No change APP AppLovin Corp. Class A 138,221 $99.3M Reduce -25.3% PTC PTC Inc. 473,259 $96.1M Reduce -53.1% AYI Acuity Inc. 265,801 $91.5M New TLN Talen Energy Corp. 191,560 $81.5M New HLT Hilton Worldwide Holdings Inc. 309,390 $80.3M Reduce -23.5% LUMN Lumen Technologies Inc. 11,167,585 $68.3M No change PSKY Paramount Skydance Class B 1,298,000 $24.6M New DLTR Dollar Tree Inc. 223,700 $21.1M No change FICO Fair Isaac Corp. 1,463 $2.2M New
Options reported separately and not counted above: HSIC calls ($56.4M).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ ANSS Ansys Inc. Sold out 0.00% −5.14 PGR Progressive Corp. Sold out 0.00% −4.94 LPLA LPL Financial Holdings Inc. Sold out 0.00% −4.22 META Meta Platforms Inc. Class A Reduce -50.8% 4.55% −3.85 INTU Intuit Inc. Sold out 0.00% −2.81 ATI Ati Inc. Sold out 0.00% −2.72 PTC PTC Inc. Reduce -53.1% 3.15% −2.00 PRMB Primo Brands Corp. Reduce -19.3% 3.67% −1.83 ENTG Entegris Inc. Sold out 0.00% −1.65 CRH CRH PLC Reduce -45.3% 3.49% −0.92 ECHO Echostar Corp. Class A Sold out 0.00% −0.59 HLT Hilton Worldwide Holdings Inc. Reduce -23.5% 2.63% −0.56 PARAA Paramount Global Class B Sold out 0.00% −0.50 CPNG Coupang Inc. Reduce -19.2% 3.82% −0.15 KKR KKR & Co. Inc. Sold out 0.00% −0.10 LYV Live Nation Entertainment Inc. Sold out 0.00% −0.07 COF Capital One Financial Corp. Reduce -9.8% 4.81% −0.01 SE Sea Ltd.-ADR Reduce -4.0% 3.64% +0.58 APP AppLovin Corp. Class A Reduce -25.3% 3.26% +1.34
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ NU Nu Holdings Ltd./Cayman Isl-A New 4.41% +4.41 UNP Union Pacific Corp. New 4.20% +4.20 NVDA Nvidia Corp. New 3.53% +3.53 AYI Acuity Inc. New 3.00% +3.00 TLN Talen Energy Corp. New 2.67% +2.67 MSFT Microsoft Corp. Add +35.8% 6.27% +2.27 HSIC Henry Schein Inc. Add +23.7% 9.43% +1.85 CVNA Carvana Co. Add +32.6% 4.53% +1.78 SN Sharkninja Inc. Add +10.3% 4.70% +1.01 AMZN Amazon.com Inc. Add +9.7% 5.25% +0.93 CRM Salesforce Inc. Add +30.9% 4.26% +0.88 PSKY Paramount Skydance Class B New 0.81% +0.81 FLUT Flutter Entertainment PLC-Di Add +27.7% 3.49% +0.71 FICO Fair Isaac Corp. New 0.07% +0.07
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