Palestra Capital Management
NEW YORK, NYfiles as Palestra Capital Management LLC
$2.9bn in 21 US stocks at the end of 30 June 2026. The top 10 are 72.6% of the money. It changed about 36.6% of the portfolio this quarter.
Value
$2.9bn
Stocks
21
Top 10 share
72.6%
Turnover
36.6%
What changed this quarter
New
Bought for the first time this quarter.
- Lam ResearchLRCX5.7% of the fund
- Advanced Micro DevicesAMD4.7% of the fund
- James Hardie IndustriesJHX3.7% of the fund
- TTM TechnologiesTTMI3.6% of the fund
- Taiwan Semiconductor ManufacturingTSM0.7% of the fund
Added
Bought more of a stock they already held.
- Seagate Technology HoldingsSTX12.6% of the fund+31%
- LindeLIN7.7% of the fund+24%
- Analog DevicesADI7.6% of the fund+16%
- Amazon.comAMZN7.6% of the fund+465%
- Union PacificUNP7.0% of the fund+5%
- Nu HoldingsNU6.4% of the fund+26%
- Spotify TechnologySPOT6.3% of the fund+16%
- CoupangCPNG4.0% of the fund+12%
- NvidiaNVDA2.6% of the fund+114%
Cut
Sold some of their stake.
- Henry ScheinHSIC6.9% of the fund-28%
- Primo BrandsPRMB3.8% of the fund-49%
- VisaV3.8% of the fund-57%
- AlphabetGOOGL2.1% of the fund-71%
- CarvanaCVNA1.8% of the fund-60%
Sold out
Sold their entire stake.
- DanaherDHR-100%
- PTCPTC-100%
- Applied MaterialsAMAT-100%
- AppLovinAPP-100%
- SalesforceCRM-100%
- RokuROKU-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Seagate Technology HoldingsSTX | 12.6% | $373m | 386,123 | +31% |
| LindeLIN | 7.7% | $227m | 436,859 | +24% |
| Analog DevicesADI | 7.6% | $225m | 566,948 | +16% |
| Amazon.comAMZN | 7.6% | $225m | 942,732 | +465% |
| Union PacificUNP | 7.0% | $207m | 762,465 | +5% |
| Henry ScheinHSIC | 6.9% | $204m | 2,446,691 | -28% |
| Nu HoldingsNU | 6.4% | $188m | 14,036,736 | +26% |
| Spotify TechnologySPOT | 6.3% | $185m | 403,160 | +16% |
| Lam ResearchLRCX | 5.7% | $169m | 388,886 | New |
| Advanced Micro DevicesAMD | 4.7% | $138m | 237,958 | New |
| CoupangCPNG | 4.0% | $118m | 6,771,181 | +12% |
| Primo BrandsPRMB | 3.8% | $113m | 4,604,145 | -49% |
| VisaV | 3.8% | $111m | 324,572 | -57% |
| James Hardie IndustriesJHX | 3.7% | $108m | 4,130,497 | New |
| TTM TechnologiesTTMI | 3.6% | $105m | 562,582 | New |
| NvidiaNVDA | 2.6% | $78m | 390,320 | +114% |
| AlphabetGOOGL | 2.1% | $62m | 174,221 | -71% |
| CarvanaCVNA | 1.8% | $52m | 795,635 | -60% |
| MicrosoftMSFT | 1.0% | $29m | 77,662 | Held |
| Taiwan Semiconductor ManufacturingTSM | 0.7% | $20m | 41,307 | New |
| Paramount SkydancePSKY | 0.4% | $13m | 1,298,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 12.7% since 30 June 2025.
Where the money is
Technology38.5%
Retail & consumer13.4%
Materials11.4%
Financial services10.1%
Media & telecom8.8%
Industrials7.0%
Health care6.9%
Everyday goods3.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.