Palestra Capital Management LLC In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Palestra Capital Management LLC reported 22 stock positions worth $2.5 billion . Its top holding was Henry Schein (HSIC) at 9.9% of the portfolio, followed by Visa Class A (V, 8.9% ) and Union Pacific (UNP, 6.9% ). Compared with Q4 2025, it opened 6 new positions, sold out of 12, added to 10 and reduced 5. The biggest buy was a new position in Spotify Technology (SPOT) and the biggest sale Amazon.com (AMZN, shares −78% ).
Location NEW YORK, NY
CIK 0001568788
Portfolio Value $2.5B (Q1 2026) Holdings 22 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 2025 HSIC Henry Schein Inc. filed as SCHEIN HENRY INC 3,412,667 $251.5M Add +43.2% V Visa Inc. Class A 751,525 $227.1M Add +57.7% UNP Union Pacific Corp. 723,902 $175.6M Add +5.3% LIN Linde PLC 352,942 $175.0M Reduce -12.1% PRMB Primo Brands Corp. 9,049,878 $170.4M Add +126.4% GOOGL Alphabet Inc. Class A 590,615 $169.8M Add +70.8% SPOT Spotify Technology SA 347,943 $168.7M New NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 11,122,403 $159.8M Add +21.1% ADI Analog Devices Inc. 489,145 $155.6M New DHR Danaher Corp. 677,750 $128.5M Add +2.3% PTC PTC Inc. 890,595 $126.9M Add +279.9% CVNA Carvana Co. 398,007 $125.1M Add +36.0% STX Seagate Technology Holdings 294,000 $115.2M New CPNG Coupang Inc. 6,072,037 $114.6M New AMAT Applied Materials Inc. 286,566 $97.9M New APP AppLovin Corp. Class A 125,779 $50.1M No change AMZN Amazon.com Inc. 166,739 $34.7M Reduce -77.8% NVDA Nvidia Corp. 182,688 $31.9M Reduce -10.5% MSFT Microsoft Corp. 77,662 $28.7M Reduce -47.3% CRM Salesforce Inc. 116,527 $21.8M Reduce -72.5% PSKY Paramount Skydance Class B 1,298,000 $11.7M Add +301.9% ROKU Roku Inc. 53,189 $5.0M New
Options reported separately and not counted above: PRMB calls ($19.3M).
Portfolio Sells Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▲ AMZN Amazon.com Inc. Reduce -77.8% 1.36% −4.81 CLH Clean Harbors Inc. Sold out 0.00% −4.75 AYI Acuity Inc. Sold out 0.00% −4.74 META Meta Platforms Inc. Class A Sold out 0.00% −4.51 CRS Carpenter Technology Sold out 0.00% −4.12 CMCSA Comcast Corp. Class A Sold out 0.00% −3.69 CRM Salesforce Inc. Reduce -72.5% 0.85% −3.14 LUMN Lumen Technologies Inc. Sold out 0.00% −3.09 CRH CRH PLC Sold out 0.00% −2.99 COF Capital One Financial Corp. Sold out 0.00% −2.93 INFY Infosys Ltd.-SP ADR Sold out 0.00% −1.72 UAL United Airlines Holdings Inc. Sold out 0.00% −1.64 MSFT Microsoft Corp. Reduce -47.3% 1.13% −1.41 DLTR Dollar Tree Inc. Sold out 0.00% −0.98 PCOR Procore Technologies Inc. Sold out 0.00% −0.65 NVDA Nvidia Corp. Reduce -10.5% 1.25% −0.10 LIN Linde PLC Reduce -12.1% 6.87% +0.79
Portfolio Buys Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▼ SPOT Spotify Technology SA New 6.63% +6.63 ADI Analog Devices Inc. New 6.11% +6.11 STX Seagate Technology Holdings New 4.52% +4.52 CPNG Coupang Inc. New 4.50% +4.50 PRMB Primo Brands Corp. Add +126.4% 6.69% +4.37 AMAT Applied Materials Inc. New 3.85% +3.85 PTC PTC Inc. Add +279.9% 4.98% +3.53 HSIC Henry Schein Inc. Add +43.2% 9.88% +3.47 V Visa Inc. Class A Add +57.7% 8.92% +2.98 GOOGL Alphabet Inc. Class A Add +70.8% 6.67% +2.82 UNP Union Pacific Corp. Add +5.3% 6.90% +1.24 NU Nu Holdings Ltd./Cayman Isl-A Add +21.1% 6.28% +0.81 CVNA Carvana Co. Add +36.0% 4.91% +0.52 PSKY Paramount Skydance Class B Add +301.9% 0.46% +0.31 ROKU Roku Inc. New 0.20% +0.20 DHR Danaher Corp. Add +2.3% 5.05% −0.35
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