Palestra Capital Management LLC 13F: Quarter-over-Quarter Portfolio Changes
Palestra Capital Management LLC reported a disclosed portfolio value of approximately $2.5 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 9.5% quarter on quarter. Over the quarter, the fund initiated 6 new positions, bought more shares in 10 holdings, trimmed 5 holdings, and exited 12 positions.
Palestra Capital Management LLC's top buy was a new stake in Spotify Technology S a (SPOT) , equal to 6.6% of the disclosed portfolio. Its top sell was Clean Harbors INC (CLH) . The fund exited the position completely after it had accounted for 4.8% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| SPOTIFY TECHNOLOGY S A | SPOT | 6.6% | History → |
| ANALOG DEVICES INC | ADI | 6.1% | History → |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | 4.5% | Holders → |
| COUPANG INC | CPNG | 4.5% | Holders → |
| APPLIED MATLS INC | AMAT | 3.8% | Holders → |
| ROKU INC | ROKU | 0.2% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| PARAMOUNT SKYDANCE CORP | PSKY | +0.3% | +301.9% | Holders → |
| PTC INC | PTC | +3.5% | +279.9% | Holders → |
| PRIMO BRANDS CORPORATION | PRMB | +4.4% | +126.4% | History → |
| ALPHABET CL A | GOOGL | +2.8% | +70.8% | History → |
| VISA | V | +3.0% | +57.7% | History → |
| SCHEIN HENRY INC | HSIC | +3.5% | +43.2% | History → |
| CARVANA CO | CVNA | +0.5% | +36.0% | Holders → |
| NU HOLDINGS LTD | NU | +0.8% | +21.2% | History → |
| UNION PACIFIC | UNP | +1.2% | +5.3% | History → |
| DANAHER | DHR | +-0.3% | +2.3% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| AMAZON.COM | AMZN | -4.8% | 77.8% | Holders → |
| SALESFORCE INC | CRM | -3.1% | 72.5% | Holders → |
| MICROSOFT | MSFT | -1.4% | 47.3% | Holders → |
| LINDE PLC | LIN | 0.8% | 12.1% | History → |
| NVIDIA CORPORATION COM | NVDA | -0.1% | 10.5% | Holders → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| CLEAN HARBORS INC | CLH | 4.8% |
| ACUITY INC | AYI | 4.7% |
| META PLATFORMS INC | META | 4.5% |
| CARPENTER TECHNOLOGY CORP | CRS | 4.1% |
| COMCAST CLASS A | CMCSA | 3.7% |
| LUMEN TECHNOLOGIES INC | LUMN | 3.1% |
| CRH PLC | CRH | 3.0% |
| CAPITAL ONE FINL CORP | COF | 2.9% |
| INFOSYS LTD | INFY | 1.7% |
| UNITED AIRLS HLDGS INC | UAL | 1.6% |
| DOLLAR TREE INC | DLTR | 1.0% |
| PROCORE TECHNOLOGIES INC | PCOR | 0.6% |
Net Portfolio Value ChangeQ1 2026
- $2.8BPrior quarter
- $2.5BCurrent quarter
- $-0.3BNet delta
- -9.5%% change
Methodology & FAQ
How Palestra Capital Management LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Palestra Capital Management LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Palestra Capital Management LLC buy in Q1 2026?
In Q1 2026, Palestra Capital Management LLC initiated 6 new positions (SPOTIFY TECHNOLOGY S A (SPOT), ANALOG DEVICES INC (ADI), SEAGATE TECHNOLOGY HLDNGS PL (STX), COUPANG INC (CPNG), APPLIED MATLS INC (AMAT), ROKU INC (ROKU)); bought more shares of PARAMOUNT SKYDANCE CORP (PSKY), PTC INC (PTC), PRIMO BRANDS CORPORATION (PRMB), ALPHABET CL A (GOOGL), VISA (V) — the largest 5 of 10 adds.
What stocks did Palestra Capital Management LLC sell in Q1 2026?
In Q1 2026, Palestra Capital Management LLC fully sold 12 positions (CLEAN HARBORS INC (CLH), ACUITY INC (AYI), META PLATFORMS INC (META), CARPENTER TECHNOLOGY CORP (CRS), COMCAST CLASS A (CMCSA), LUMEN TECHNOLOGIES INC (LUMN), CRH PLC (CRH), CAPITAL ONE FINL CORP (COF), INFOSYS LTD (INFY), UNITED AIRLS HLDGS INC (UAL), DOLLAR TREE INC (DLTR), PROCORE TECHNOLOGIES INC (PCOR)); reduced holdings in AMAZON.COM (AMZN), SALESFORCE INC (CRM), MICROSOFT (MSFT), LINDE PLC (LIN), NVIDIA CORPORATION COM (NVDA).
Which positions did Palestra Capital Management LLC initiate in Q1 2026?
Palestra Capital Management LLC established 6 new positions in Q1 2026: SPOTIFY TECHNOLOGY S A (SPOT, 6.6%), ANALOG DEVICES INC (ADI, 6.1%), SEAGATE TECHNOLOGY HLDNGS PL (STX, 4.5%), COUPANG INC (CPNG, 4.5%), APPLIED MATLS INC (AMAT, 3.8%), ROKU INC (ROKU, 0.2%).
Which existing positions saw the largest allocation increases for Palestra Capital Management LLC in Q1 2026?
Of 10 existing positions with share-count increases in Q1 2026, the largest were: PARAMOUNT SKYDANCE CORP (PSKY, +0.3% weight, +301.9% shares), PTC INC (PTC, +3.5% weight, +279.9% shares), PRIMO BRANDS CORPORATION (PRMB, +4.4% weight, +126.4% shares), ALPHABET CL A (GOOGL, +2.8% weight, +70.8% shares), VISA (V, +3.0% weight, +57.7% shares), SCHEIN HENRY INC (HSIC, +3.5% weight, +43.2% shares), CARVANA CO (CVNA, +0.5% weight, +36.0% shares), NU HOLDINGS LTD (NU, +0.8% weight, +21.2% shares), UNION PACIFIC (UNP, +1.2% weight, +5.3% shares), DANAHER (DHR, +-0.3% weight, +2.3% shares).
Which positions did Palestra Capital Management LLC fully exit in Q1 2026?
Palestra Capital Management LLC fully exited 12 positions in Q1 2026: CLEAN HARBORS INC (CLH, last-reported weight 4.8%), ACUITY INC (AYI, last-reported weight 4.7%), META PLATFORMS INC (META, last-reported weight 4.5%), CARPENTER TECHNOLOGY CORP (CRS, last-reported weight 4.1%), COMCAST CLASS A (CMCSA, last-reported weight 3.7%), LUMEN TECHNOLOGIES INC (LUMN, last-reported weight 3.1%), CRH PLC (CRH, last-reported weight 3.0%), CAPITAL ONE FINL CORP (COF, last-reported weight 2.9%), INFOSYS LTD (INFY, last-reported weight 1.7%), UNITED AIRLS HLDGS INC (UAL, last-reported weight 1.6%), DOLLAR TREE INC (DLTR, last-reported weight 1.0%), PROCORE TECHNOLOGIES INC (PCOR, last-reported weight 0.6%).
Which existing positions saw the largest allocation reductions for Palestra Capital Management LLC in Q1 2026?
Of 5 existing positions with share-count reductions in Q1 2026, the largest were: AMAZON.COM (AMZN, -4.8% weight, -77.8% shares), SALESFORCE INC (CRM, -3.1% weight, -72.5% shares), MICROSOFT (MSFT, -1.4% weight, -47.3% shares), LINDE PLC (LIN, 0.8% weight, -12.1% shares), NVIDIA CORPORATION COM (NVDA, -0.1% weight, -10.5% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.