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Palestra Capital Management LLC Buys Alphabet, Wells Fargo, Praxair, Sells Newell Brands, ...

Palestra Capital Management LLCTD Ameritrade

  • New Purchases: GOOGL , WFC , PX , ADNT, MDLZ, MSFT, TMUS,
  • Added Positions:TTWO, FDC, CAG, MON, MHK,
  • Reduced Positions:SSNC, WMB, QSR, CSC, CHTR, FIS, PTC, SHW,
  • Sold Out:NWL, SABR, LAD, AMTD, DISH, FLT, EXPE, LBRDK, LW,

For the details of Palestra Capital Management LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Palestra+Capital+Management+LLC

These are the top 5 holdings of Palestra Capital Management LLC

  1. SPDR S&P 500 ( SPY ) - 3,000,000 shares, 37.69% of the total portfolio.
  2. PTC Inc ( PTC ) - 1,651,549 shares, 4.3% of the total portfolio. Shares reduced by 6.3%
  3. Take-Two Interactive Software Inc ( TTWO ) - 1,497,033 shares, 4.15% of the total portfolio. Shares added by 51.22%
  4. Alphabet Inc ( GOOGL ) - 91,100 shares, 4.06% of the total portfolio. New Position
  5. Fidelity National Information Services Inc ( FIS ) - 943,000 shares, 4.01% of the total portfolio. Shares reduced by 8.27%

New Purchase: Alphabet Inc ( GOOGL )

Palestra Capital Management LLC initiated holdings in Alphabet Inc. The purchase prices were between $753.22 and $835.74, with an estimated average price of $799.67. The stock is now traded at around $838.96. The impact to the portfolio due to this purchase was 4.06%. The holdings were 91,100 shares as of 2016-12-31.

New Purchase: Wells Fargo & Co (WFC)

Palestra Capital Management LLC initiated holdings in Wells Fargo & Co. The purchase prices were between $43.75 and $57.29, with an estimated average price of $50.28. The stock is now traded at around $57.08. The impact to the portfolio due to this purchase was 3.2%. The holdings were 1,032,200 shares as of 2016-12-31.

New Purchase: Praxair Inc (PX)

Palestra Capital Management LLC initiated holdings in Praxair Inc. The purchase prices were between $114.5 and $123.92, with an estimated average price of $118.86. The stock is now traded at around $117.44. The impact to the portfolio due to this purchase was 3.1%. The holdings were 470,000 shares as of 2016-12-31.

New Purchase: Adient PLC (ADNT)

Palestra Capital Management LLC initiated holdings in Adient PLC. The purchase prices were between $44.2 and $58.6, with an estimated average price of $51.92. The stock is now traded at around $61.14. The impact to the portfolio due to this purchase was 3.06%. The holdings were 930,000 shares as of 2016-12-31.

New Purchase: Mondelez International Inc (MDLZ)

Palestra Capital Management LLC initiated holdings in Mondelez International Inc. The purchase prices were between $40.65 and $46.01, with an estimated average price of $43.08. The stock is now traded at around $45.03. The impact to the portfolio due to this purchase was 2.59%. The holdings were 1,040,000 shares as of 2016-12-31.

New Purchase: Microsoft Corp (MSFT)

Palestra Capital Management LLC initiated holdings in Microsoft Corp. The purchase prices were between $56.92 and $63.62, with an estimated average price of $60.15. The stock is now traded at around $64.72. The impact to the portfolio due to this purchase was 2.41%. The holdings were 690,000 shares as of 2016-12-31.

Added: Take-Two Interactive Software Inc ( TTWO )

Palestra Capital Management LLC added to the holdings in Take-Two Interactive Software Inc by 51.22%. The purchase prices were between $42.22 and $50.85, with an estimated average price of $47.23. The stock is now traded at around $58.42. The impact to the portfolio due to this purchase was 1.41%. The holdings were 1,497,033 shares as of 2016-12-31.

Added: First Data Corp (FDC)

Palestra Capital Management LLC added to the holdings in First Data Corp by 69.65%. The purchase prices were between $13.03 and $15.53, with an estimated average price of $14.21. The stock is now traded at around $16.14. The impact to the portfolio due to this purchase was 1.35%. The holdings were 4,131,128 shares as of 2016-12-31.

Added: Conagra Brands Inc (CAG)

Palestra Capital Management LLC added to the holdings in Conagra Brands Inc by 28.61%. The purchase prices were between $34.3 and $39.85, with an estimated average price of $37.37. The stock is now traded at around $39.76. The impact to the portfolio due to this purchase was 0.46%. The holdings were 932,400 shares as of 2016-12-31.

Sold Out: Newell Brands Inc (NWL)

Palestra Capital Management LLC sold out the holdings in Newell Brands Inc. The sale prices were between $44.65 and $52.68, with an estimated average price of $48.4.

Sold Out: Sabre Corp (SABR)

Palestra Capital Management LLC sold out the holdings in Sabre Corp. The sale prices were between $23.18 and $27.99, with an estimated average price of $25.65.

Sold Out: Lithia Motors Inc (LAD)

Palestra Capital Management LLC sold out the holdings in Lithia Motors Inc. The sale prices were between $77.71 and $101.49, with an estimated average price of $91.67.

Sold Out: TD Ameritrade Holding Corp (AMTD)

Palestra Capital Management LLC sold out the holdings in TD Ameritrade Holding Corp. The sale prices were between $33.48 and $44.49, with an estimated average price of $38.81.

Sold Out: DISH Network Corp (DISH)

Palestra Capital Management LLC sold out the holdings in DISH Network Corp. The sale prices were between $53.97 and $59.93, with an estimated average price of $57.11.

Sold Out: Fleetcor Technologies Inc (FLT)

Palestra Capital Management LLC sold out the holdings in Fleetcor Technologies Inc. The sale prices were between $141.52 and $175.53, with an estimated average price of $156.68.

Reduced: SS&C Technologies Holdings Inc (SSNC)

Palestra Capital Management LLC reduced to the holdings in SS&C Technologies Holdings Inc by 27.5%. The sale prices were between $28.6 and $32.92, with an estimated average price of $31. The stock is now traded at around $32.56. The impact to the portfolio due to this sale was -1.86%. Palestra Capital Management LLC still held 1,606,815 shares as of 2016-12-31.

Reduced: Williams Companies Inc (WMB)

Palestra Capital Management LLC reduced to the holdings in Williams Companies Inc by 39.2%. The sale prices were between $28.11 and $31.78, with an estimated average price of $30.14. The stock is now traded at around $29.04. The impact to the portfolio due to this sale was -1.57%. Palestra Capital Management LLC still held 835,000 shares as of 2016-12-31.

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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