Palestra Capital Management 13F annual report
Palestra Capital Management is an investment fund managing more than $2.53 trillion ran by Joseph Kharazishvili. There are currently 33 companies in Mr. Kharazishvili’s portfolio. The largest investments include CRH Plc and Intuit Inc, together worth $302 billion.
$2.53 trillion Assets Under Management (AUM)
As of 7th August 2024, Palestra Capital Management’s top holding is 2,323,402 shares of CRH Plc currently worth over $174 billion and making up 6.9% of the portfolio value.
Relative to the number of outstanding shares of CRH Plc, Palestra Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 194,357 shares of Intuit Inc worth $128 billion, whose value fell 1.7% in the past six months.
The third-largest holding is Live Nation Entertainment In worth $126 billion and the next is PTC Inc worth $124 billion, with 683,433 shares owned.
Currently, Palestra Capital Management's portfolio is worth at least $2.53 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Palestra Capital Management
The Palestra Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Joseph Kharazishvili serves as the CFO at Palestra Capital Management.
Recent trades
In the most recent 13F filing, Palestra Capital Management revealed that it had opened a new position in
Capital One Finl Corp and bought 679,927 shares worth $94.1 billion.
The investment fund also strengthened its position in CRH Plc by buying
938,575 additional shares.
This makes their stake in CRH Plc total 2,323,402 shares worth $174 billion.
CRH Plc soared 43.4% in the past year.
On the other hand, there are companies that Palestra Capital Management is getting rid of from its portfolio.
Palestra Capital Management closed its position in Discover Finl Svcs on 14th August 2024.
It sold the previously owned 921,858 shares for $121 billion.
Joseph Kharazishvili also disclosed a decreased stake in Alphabet Inc by 0.3%.
This leaves the value of the investment at $119 billion and 651,143 shares.
One of the largest hedge funds
The two most similar investment funds to Palestra Capital Management are Route One Investment , L.P. and Foster. They manage $2.53 trillion and $2.53 trillion respectively.
Joseph Kharazishvili investment strategy
Palestra Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 31.1% of
the total portfolio value.
The fund focuses on investments in the United States as
63.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
58% of the total holdings value.
On the other hand, small-cap stocks make up only 3.0% of the portfolio.
The average market cap of the portfolio companies is close to $233 billion.
The complete list of Palestra Capital Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| CRH Plc |
67.78%
2,323,402
|
$174,208,682,000 | 6.87% |
| Intuit Inc |
130.49%
194,357
|
$127,733,364,000 | 5.04% |
| Live Nation Entertainment In |
83.19%
1,347,722
|
$126,335,460,000 | 4.99% |
| PTC Inc |
13.37%
683,433
|
$124,159,273,000 | 4.90% |
| Discover Finl Svcs |
Closed
921,858
|
$120,846,365,000 | |
| Alphabet Inc |
27.47%
651,143
|
$118,605,697,000 | 4.68% |
| Meta Platforms Inc |
32.52%
229,052
|
$115,492,599,000 | 4.56% |
| Lamb Weston Holdings Inc |
Closed
1,081,819
|
$115,246,178,000 | |
| Salesforce Inc |
23.24%
445,143
|
$114,446,265,000 | 4.52% |
| Constellation Brands, Inc. |
Closed
414,990
|
$112,777,682,000 | |
| Microsoft Corporation |
6.81%
251,568
|
$112,438,318,000 | 4.44% |
| Performance Food Group Company |
24.21%
1,641,423
|
$108,514,475,000 | 4.28% |
| Visa Inc |
8.61%
410,420
|
$107,722,937,000 | 4.25% |
| Booking Holdings Inc |
38.69%
26,108
|
$103,426,842,000 | 4.08% |
| Amazon.com Inc. |
9.84%
534,405
|
$103,273,766,000 | 4.08% |
| Hilton Worldwide Holdings Inc |
46.64%
454,851
|
$99,248,488,000 | 3.92% |
| Intel Corp. |
Closed
2,186,523
|
$96,578,721,000 | |
| Capital One Finl Corp |
Opened
679,927
|
$94,135,893,000 | 3.71% |
| Allstate Corp (The) |
12.98%
582,787
|
$93,047,772,000 | 3.67% |
| Apollo Global Mgmt Inc |
16.16%
772,915
|
$91,258,074,000 | 3.60% |
| Asml Holding N V |
189.24%
88,146
|
$90,149,559,000 | 3.56% |
| Aercap Holdings Nv |
9.23%
949,866
|
$88,527,511,000 | 3.49% |
| GE Aerospace |
No change
503,737
|
$80,079,071,000 | 3.16% |
| AT&T Inc. |
25.71%
4,050,000
|
$77,395,500,000 | 3.05% |
| Applovin Corp |
Opened
918,256
|
$76,417,264,000 | 3.02% |
| Trane Technologies plc |
Opened
228,988
|
$75,321,023,000 | 2.97% |
| Vulcan Matls Co |
No change
212,800
|
$52,919,104,000 | 2.09% |
| NVIDIA Corp |
1,570.94%
278,212
|
$34,370,310,000 | 1.36% |
| Charter Communications Inc N |
No change
108,200
|
$32,347,472,000 | 1.28% |
| Micron Technology Inc. |
Opened
216,664
|
$28,497,816,000 | 1.12% |
| Dollar Tree Inc |
No change
223,700
|
$23,884,449,000 | 0.94% |
| Ge Vernova Inc |
Opened
125,934
|
$21,598,940,000 | 0.85% |
| EchoStar Corp |
No change
717,139
|
$12,772,246,000 | 0.50% |
| Lumen Technologies, Inc. |
No change
11,167,585
|
$12,284,344,000 | 0.48% |
| Cadence Design System Inc |
Closed
36,863
|
$11,474,715,000 | |
| Advanced Micro Devices Inc. |
Closed
29,853
|
$5,388,168,000 | |
| Sherwin-Williams Co. |
54.69%
17,191
|
$5,130,310,000 | 0.20% |
| Progressive Corp. |
94.57%
21,058
|
$4,373,957,000 | 0.17% |
| Lpl Finl Hldgs Inc |
75.15%
14,362
|
$4,011,307,000 | 0.16% |
| Moodys Corp |
Closed
2,700
|
$1,061,181,000 | |
| No transactions found | |||
| Showing first 500 out of 40 holdings | |||
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