Palestra Capital Management LLC In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Palestra Capital Management LLC reported 28 stock positions worth $2.8 billion . Its top holding was Henry Schein (HSIC) at 6.4% of the portfolio, followed by Amazon.com (AMZN, 6.2% ) and Linde (LIN, 6.1% ). Compared with Q3 2025, it opened 9 new positions, sold out of 8, added to 6 and reduced 11. The biggest buy was a new position in Linde (LIN) and the biggest sale an exit from Sharkninja (SN).
Location NEW YORK, NY
CIK 0001568788
Portfolio Value $2.8B (Q4 2025) Holdings 28 stocks · $2.8B 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 Q3 2025 HSIC Henry Schein Inc. 2,382,837 $180.1M Reduce -45.0% AMZN Amazon.com Inc. 752,542 $173.7M Add +3.3% LIN Linde PLC 401,494 $171.2M New V Visa Inc. Class A 476,442 $167.1M Add +54.5% UNP Union Pacific Corp. 687,298 $159.0M Add +26.9% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 9,180,592 $153.7M Add +9.3% DHR Danaher Corp. 662,517 $151.7M New CLH Clean Harbors Inc. 569,991 $133.7M New AYI Acuity Inc. 370,529 $133.4M Add +39.4% META Meta Platforms Inc. Class A 191,932 $126.7M Add +1.5% CVNA Carvana Co. 292,552 $123.5M Reduce -20.1% CRS Carpenter Technology 367,701 $115.8M New CRM Salesforce Inc. 423,522 $112.2M Reduce -22.8% GOOGL Alphabet Inc. Class A 345,865 $108.3M New CMCSA Comcast Corp. Class A 3,476,179 $103.9M New LUMN Lumen Technologies Inc. 11,167,585 $86.8M No change APP AppLovin Corp. Class A 125,779 $84.8M Reduce -9.0% CRH CRH PLC 674,483 $84.2M Reduce -24.0% COF Capital One Financial Corp. 340,394 $82.5M Reduce -50.6% MSFT Microsoft Corp. 147,424 $71.3M Reduce -60.0% PRMB Primo Brands Corp. 3,997,498 $65.4M Reduce -21.0% INFY Infosys Ltd.-SP ADR 2,709,445 $48.3M New UAL United Airlines Holdings Inc. 412,889 $46.2M New PTC PTC Inc. 234,407 $40.8M Reduce -50.5% NVDA Nvidia Corp. 204,136 $38.1M Reduce -64.6% DLTR Dollar Tree Inc. 223,700 $27.5M No change PCOR Procore Technologies Inc. 250,000 $18.2M New PSKY Paramount Skydance Class B 323,000 $4.3M Reduce -75.1%
Options reported separately and not counted above: PRMB calls ($16.7M).
Portfolio Sells Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▲ SN Sharkninja Inc. Sold out 0.00% −4.70 PFGC Performance Food Group Co. Sold out 0.00% −3.96 CPNG Coupang Inc. Sold out 0.00% −3.82 MSFT Microsoft Corp. Reduce -60.0% 2.54% −3.73 SE Sea Ltd.-ADR Sold out 0.00% −3.64 FLUT Flutter Entertainment PLC-Di Sold out 0.00% −3.49 HSIC Henry Schein Inc. Reduce -45.0% 6.40% −3.03 TLN Talen Energy Corp. Sold out 0.00% −2.67 HLT Hilton Worldwide Holdings Inc. Sold out 0.00% −2.63 NVDA Nvidia Corp. Reduce -64.6% 1.35% −2.18 COF Capital One Financial Corp. Reduce -50.6% 2.93% −1.87 PTC PTC Inc. Reduce -50.5% 1.45% −1.70 PRMB Primo Brands Corp. Reduce -21.0% 2.32% −1.35 PSKY Paramount Skydance Class B Reduce -75.1% 0.15% −0.65 CRH CRH PLC Reduce -24.0% 2.99% −0.50 CRM Salesforce Inc. Reduce -22.8% 3.99% −0.27 APP AppLovin Corp. Class A Reduce -9.0% 3.01% −0.24 CVNA Carvana Co. Reduce -20.1% 4.39% −0.14 FICO Fair Isaac Corp. Sold out 0.00% −0.07
Portfolio Buys Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▼ LIN Linde PLC New 6.09% +6.09 DHR Danaher Corp. New 5.39% +5.39 CLH Clean Harbors Inc. New 4.75% +4.75 CRS Carpenter Technology New 4.12% +4.12 GOOGL Alphabet Inc. Class A New 3.85% +3.85 CMCSA Comcast Corp. Class A New 3.69% +3.69 V Visa Inc. Class A Add +54.5% 5.94% +2.49 AYI Acuity Inc. Add +39.4% 4.74% +1.74 INFY Infosys Ltd.-SP ADR New 1.72% +1.72 UAL United Airlines Holdings Inc. New 1.64% +1.64 UNP Union Pacific Corp. Add +26.9% 5.65% +1.45 NU Nu Holdings Ltd./Cayman Isl-A Add +9.3% 5.47% +1.05 AMZN Amazon.com Inc. Add +3.3% 6.18% +0.93 PCOR Procore Technologies Inc. New 0.65% +0.65 META Meta Platforms Inc. Class A Add +1.5% 4.51% −0.05
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ HSIC Henry Schein Inc. call Sold out 850,000 $56.4Mbefore exit PRMB Primo Brands Corp. call New 1,022,400 $16.7M
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