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Hedge fund

Palestra Capital Management LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1568788

Reported value
$2.9bn
100% in companies we cover
Positions we cover
21
Largest STX 12.6%
Copy, a year
+12.7%
S&P 500 +14.1%
Copy Sharpe ratio
0.59
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$48.8k
CopyS&P 500 $10,000 copying Palestra Capital Management LLC's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −43.6% (S&P 500 −31.8%); beta 1.16; alpha −2.4% a year (t = −1.03); last 12 months −7.4% against +12.1%.

Reported value by quarter

Palestra Capital Management LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T $1.5T $2T Reported value, 2013-06-30: $241.1M Reported value, 2013-09-30: $358.4M Reported value, 2013-12-31: $471.3M Reported value, 2014-03-31: $778.8M Reported value, 2014-06-30: $1.1B Reported value, 2014-09-30: $1.1B Reported value, 2014-12-31: $1.1B Reported value, 2015-03-31: $1.1B Reported value, 2015-06-30: $1B Reported value, 2015-09-30: $1B Reported value, 2015-12-31: $863.6M Reported value, 2016-03-31: $1B Reported value, 2016-06-30: $1.2B Reported value, 2016-09-30: $1.1B Reported value, 2016-12-31: $1.1B Reported value, 2017-03-31: $1.3B Reported value, 2017-06-30: $1.3B Reported value, 2017-09-30: $1.6B Reported value, 2017-12-31: $1.8B Reported value, 2018-03-31: $1.8B Reported value, 2018-06-30: $2.3B Reported value, 2018-09-30: $2.2B Reported value, 2018-12-31: $2.1B Reported value, 2019-03-31: $3.1B Reported value, 2019-06-30: $3.4B Reported value, 2019-09-30: $2.9B Reported value, 2019-12-31: $3.1B Reported value, 2020-03-31: $3.1B Reported value, 2020-06-30: $3.9B Reported value, 2020-09-30: $4.3B Reported value, 2020-12-31: $5B Reported value, 2021-03-31: $4.7B Reported value, 2021-06-30: $4.6B Reported value, 2021-09-30: $4.6B Reported value, 2021-12-31: $3.4B Reported value, 2022-03-31: $3.2B Reported value, 2022-06-30: $2.1B Reported value, 2022-09-30: $2.1B Reported value, 2022-12-31: $1.8T Reported value, 2023-03-31: $1.9B Reported value, 2023-06-30: $2B Reported value, 2023-09-30: $1.9B Reported value, 2023-12-31: $2B Reported value, 2024-03-31: $2.6B Reported value, 2024-06-30: $2.5B Reported value, 2024-09-30: $3B Reported value, 2024-12-31: $3.6B Reported value, 2025-03-31: $2.5B Reported value, 2025-06-30: $3.4B Reported value, 2025-09-30: $3B Reported value, 2025-12-31: $2.8B Reported value, 2026-03-31: $2.5B Reported value, 2026-06-30: $2.9B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $2.9B
View chart data
Period Reported value
2013-06-30 $241.1M
2013-09-30 $358.4M
2013-12-31 $471.3M
2014-03-31 $778.8M
2014-06-30 $1.1B
2014-09-30 $1.1B
2014-12-31 $1.1B
2015-03-31 $1.1B
2015-06-30 $1B
2015-09-30 $1B
2015-12-31 $863.6M
2016-03-31 $1B
2016-06-30 $1.2B
2016-09-30 $1.1B
2016-12-31 $1.1B
2017-03-31 $1.3B
2017-06-30 $1.3B
2017-09-30 $1.6B
2017-12-31 $1.8B
2018-03-31 $1.8B
2018-06-30 $2.3B
2018-09-30 $2.2B
2018-12-31 $2.1B
2019-03-31 $3.1B
2019-06-30 $3.4B
2019-09-30 $2.9B
2019-12-31 $3.1B
2020-03-31 $3.1B
2020-06-30 $3.9B
2020-09-30 $4.3B
2020-12-31 $5B
2021-03-31 $4.7B
2021-06-30 $4.6B
2021-09-30 $4.6B
2021-12-31 $3.4B
2022-03-31 $3.2B
2022-06-30 $2.1B
2022-09-30 $2.1B
2022-12-31 $1.8T
2023-03-31 $1.9B
2023-06-30 $2B
2023-09-30 $1.9B
2023-12-31 $2B
2024-03-31 $2.6B
2024-06-30 $2.5B
2024-09-30 $3B
2024-12-31 $3.6B
2025-03-31 $2.5B
2025-06-30 $3.4B
2025-09-30 $3B
2025-12-31 $2.8B
2026-03-31 $2.5B
2026-06-30 $2.9B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
STXSeagate Technology12.63%$372.6m386.1K+31.3% Added
LINLinde plc7.69%$226.7m436.9K+23.8% Added
ADIAnalog Devices7.63%$225.2m566.9K+15.9% Added
AMZNAmazon7.62%$224.7m942.7K+465.4% Added
UNPUnion Pacific Corporation7.03%$207.4m762.5K+5.3% Added
HSICHenry Schein6.93%$204.3m2.45M−28.3% Reduced
NUNu Holdings Ltd.6.36%$187.5m14.04M+26.2% Added
SPOTSpotify Technology S.a.6.28%$185.1m403.2K+15.9% Added
LRCXLam Research5.71%$168.5m388.9KNew
AMDAdvanced Micro Devices4.69%$138.2m238.0KNew
CPNGCoupang, Inc.3.99%$117.6m6.77M+11.5% Added
PRMBPrimo Brands Corp3.81%$112.5m4.60M−49.1% Reduced
VVisa Inc.3.78%$111.4m324.6K−56.8% Reduced
JHXJames Hardie Industries plc3.67%$108.1m4.13MNew
TTMITTM Technologies Inc3.57%$105.2m562.6KNew
NVDANVIDIA Corporation2.65%$78.1m390.3K+113.7% Added
GOOGLAlphabet Inc. (Class A)2.11%$62.3m174.2K−70.5% Reduced
CVNACarvana1.78%$52.4m795.6K+99.9% Added
MSFTMicrosoft Corporation0.98%$29.0m77.7K0.0%
TSMTaiwan Semiconductor Manufacturing Co LTD0.67%$19.7m41.3KNew
SKYDSkydance Corporation0.43%$12.8m1.30M0.0%
CompanyBought (value)Shares
AMZNAmazon$185.0m776.0K
LRCXLam Research$168.5m388.9K
AMDAdvanced Micro Devices$138.2m238.0K
JHXJames Hardie Industries plc$108.1m4.13M
TTMITTM Technologies Inc$105.2m562.6K
STXSeagate Technology$88.9m92.1K
LINLinde plc$43.5m83.9K
NVDANVIDIA Corporation$41.5m207.6K
NUNu Holdings Ltd.$38.9m2.91M
ADIAnalog Devices$30.9m77.8K
CVNACarvana$26.2m397.6K
SPOTSpotify Technology S.a.$25.4m55.2K
TSMTaiwan Semiconductor Manufacturing Co LTD$19.7m41.3K
CPNGCoupang, Inc.$12.1m699.1K
UNPUnion Pacific Corporation$10.5m38.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
GOOGLAlphabet Inc. (Class A)−$148.8m−416.4K
VVisa Inc.−$146.5m−427.0K
DHRDanaher Corporation−$128.5m−677.8K
PTCPTC Inc.−$126.9m−890.6K
PRMBPrimo Brands Corp−$108.7m−4.45M
AMATApplied Materials−$97.9m−286.6K
HSICHenry Schein−$80.7m−966.0K
APPApplovin Corp−$50.1m−125.8K
CRMSalesforce−$21.8m−116.5K
ROKURoku, Inc−$5.0m−53.2K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
DHRDanaher Corporation$128.5m677.8K
PTCPTC Inc.$126.9m890.6K
AMATApplied Materials$97.9m286.6K
APPApplovin Corp$50.1m125.8K
CRMSalesforce$21.8m116.5K
ROKURoku, Inc$5.0m53.2K
  • Technology38.5%
  • Consumer Discretionary13.4%
  • Materials11.4%
  • Financials10.1%
  • Communication Services8.8%
  • Industrials7.0%
  • Health Care6.9%
  • Consumer Staples3.8%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+12.7%+14.1%0.590.78−43.6%1.16
2018 onwardsJanuary 5, 2018 to November 2, 2026+8.8%+13.9%0.360.66−43.6%1.17
Last three yearsNovember 3, 2023 to November 2, 2026+19.6%+21.8%0.801.16−24.2%1.19
Last yearNovember 7, 2025 to November 2, 2026−4.9%+14.2%−0.450.84−17.6%1.14

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.