Palestra Capital Management LLC
Palestra Capital Management LLC is a New York-based investment adviser registered with the SEC. Founded in 2011, the firm manages assets for institutional investors and high net worth individuals, focusing on a fundamental, research-driven approach to public equity markets. As of 2025, the firm employs about 23 professionals and is headquartered in midtown Manhattan.
Investment Strategy
Palestra Capital Management employs a fundamentally research-driven investment strategy focused on public equity markets. The firm seeks to identify opportunities through deep fundamental analysis and bottoms-up stock selection, striving to generate attractive risk-adjusted returns for clients. Its portfolio is diversified across sectors, with positions concentrated in high-conviction ideas.
Latest 13F Filing Activity
Palestra Capital Management LLC filed their most recent 13F report on Jun 30, 2025 disclosing 30 equity positions and 1 options positions with a total 13F market value of $3B. The fund increased holdings in Primo Brands Corporation, Progressive Corp., Amazon Com Inc. among other positions. Palestra Capital Management LLC reduced exposure to Louisiana Pac Corp., Flutter Entmt PLC, Apollo Global MGMT Inc. among others.
Top Holdings
Equity Positions (30)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M META | META PLATFORMS INC | 8.25% | $283.7M | 384,323 | $394.65 | $738.09 | +$33.9M |
H HSIC | HENRY SCHEIN INC | 7.44% | $255.8M | 3,501,520 | $68.96 | $73.05 | -$18.1M |
P PRMB | PRIMO BRANDS CORPORATION | 5.40% | $185.8M | 6,273,931 | $29.62 | $29.62 | +$185.8M |
P PTC | PTC INC | 5.06% | $173.9M | 1,009,277 | $136.44 | $172.34 | +$1.4M |
A ANSS | ANSYS INC | 5.05% | $173.6M | 494,274 | $343.54 | $351.22 | +$138.9M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
H HSIC | HENRY SCHEIN INC | — | Call | $62.1M | 8,500 | $73.05 | $68.49 | 0 | +$3.9M |