Palestra Capital Management LLC

Hedge Fund • Long/Short

Palestra Capital Management LLC is a Long/Short Hedge Fund based in New York, NY led by Jeremy Nathaniel Schiffman, reporting $5.5B in AUM as of Q3 2025 with 52% concentrated in top 10 holdings.

FounderJeremy Nathaniel Schiffman

Portfolio Value: $3.0B
Positions: 27
Top Holding: HSIC at 9.43%
Last Reported: Q3 2025

Address888 7th Avenue, 23rd Floor, New York, NY, 10019, United States

Top Holdings

Largest long holdings in Palestra Capital Management LLC's portfolio (52.4% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Henry Schein HSIC	Medical - Distribution Healthcare	$287.4M	9.43%	+$55.0M Bought	3.57% 4.3M shares	Q4 2024 Held for 11 months
2 Microsoft MSFT	Software - Infrastructure Technology	$191.1M	6.27%	+$50.4M Bought	0.00% 369.0K shares	Q2 2016 Held for 9y 5m
3 Amazon AMZN	Specialty Retail Consumer Cyclical	$160.0M	5.25%	+$14.2M Bought	0.01% 728.8K shares	Q3 2023 Held for 2y 2m
4 Capital One Financial COF	Financial - Credit Services Financial Services	$146.6M	4.81%	-$15.9M Sold	0.11% 689.5K shares	Q2 2024 Held for 1y 5m
5 SharkNinja SN	Furnishings, Fixtures & Appliances Consumer Cyclical	$143.2M	4.70%	+$13.4M Bought	0.98% 1.4M shares	Q3 2024 Held for 1y 2m
6 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$138.8M	4.55%	-$143.4M Sold	0.01% 189.1K shares	Q4 2022 Held for 2y 11m
7 Carvana CVNA	Specialty Retail Consumer Cyclical	$138.0M	4.53%	+$34.0M Bought	0.27% 365.9K shares	Q3 2024 Held for 1y 2m
8 Nu Holdings NU	Banks - Diversified Financial Services	$134.5M	4.41%	+$134.5M New	0.17% 8.4M shares	Q3 2025 Held for 2 months
9 Salesforce CRM	Software - Application Technology	$129.9M	4.26%	+$30.7M Bought	0.06% 548.2K shares	Q1 2023 Held for 2y 8m
10 Union Pacific UNP	Railroads Industrials	$128.0M	4.20%	+$128.0M Bought	0.09% 541.5K shares	Q3 2025 Held for 2 months

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Palestra Capital Management LLC's latest filing

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GthenC

Market Value

$3.0B

Prior: $3.4B

Q/Q Change

-9.73%

-$328.5M

Net Flows % of MV

-22.51%

Turnover Ratio

33.33%

New Purchases

5 stocks

$334.3M

Added To

7 stocks

+$220.8M

Sold Out Of

10 stocks

$767.6M

Reduced Holdings

9 stocks

-$473.6M

Increased Positions

Position	Shares Δ	Change
1 Nu Holdings NU	New	0 → 8.4M +$134.5M
2 Acuity Brands AYI	New	0 → 265.8K +$91.5M
3 Talen Energy Corporation TLN	New	0 → 191.6K +$81.5M
4 PSKY Paramount Skydance Corporation Class B Common Stock PSKY	New	0 → 1.3M +$24.6M
5 Fair Isaac FICO	New	0 → 1.5K +$2.2M

Decreased Positions

Position	Shares Δ	Change
1 Ansys ANSS	Sold	494.3K → 0 −$173.6M
2 Progressive PGR	Sold	625.0K → 0 −$166.8M
3 LPL Financial Holdings LPLA	Sold	379.9K → 0 −$142.5M
4 Intuit INTU	Sold	120.5K → 0 −$94.9M
5 ATI ATI	Sold	1.1M → 0 −$91.7M