Hedge Fund Database

PALESTRA CAPITAL MANAGEMENT LLC

Adviser information for PALESTRA CAPITAL MANAGEMENT LLC last updated from Form ADV on March 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Limited Liability Company
Fiscal Year End DECEMBER
Legal Location Delaware, United States

Employees

Total Number of Employees 21
Investment Advisory/Research 9
Registered Broker-Dealer Representatives 0
Registered State Investment Advisers 0
Licensed Agents of an Insurance Company 0
No. of Firms/People that Solicit Clients 0

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 4 $3.9B
Non-Discretionary 0 $0
Total 4 $3.9B

Clients

Type Number RAUM
Individuals 0 $0
HNW Individuals 0 $0
Banking or thrift institutions 0 $0
Investment companies 0 $0
Business development companies 0 $0
Pooled investment vehicles 4 $3.9B
Pension and profit sharing plans 0 $0
Charitable organizations 0 $0
State or municipal gov entities 0 $0
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 0 $0
Other 0 $0
Type Number
No. of Non-RAUM Clients 0
No. of Non-U.S. Clients 50

Services

Advisory Services Portfolio management for pooled investment vehicles
Compensation % of AUMPerformance-based fees
Other Business Activities Commodity pool operator or commodity trading advisor

Identifiers

SEC RIA File Number 801-74131
SEC ERA File Number 801-74131
SEC CIK Numbers 1568788
SEC CRD Numbers 160535
Legal Entity Identifier JOW1NBR3SMWZEZVG4Y71

Principal Office

888 7TH AVENUE
23RD FLOOR
NEW YORK
NY
United States
Monday - Friday, 8AM TO 6PM
Tel: 212-291-7480, Fax: None

Chief Compliance Officer

KAMAND KAMANGAR DANIELS
GENERAL COUNSEL
888 7TH AVENUE
23RD FLOOR
NEW YORK
NY
United States
Tel: 212-291-7487
(Full email address available in API data)

Industry Affiliates

PALESTRA CAPITAL MANAGEMENT GP LLC Commodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles
PCM GP, LLC Commodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
PALESTRA CAPITAL MASTER FUND, LP Hedge Fund $3,759.0M $2.0M 312
PCM LONG FUND, LP Hedge Fund $91.7M $2.0M 4

Control Persons

Name Type Entity Title Since Ownership
IMMERMAN, ANDREW, JAY Individual PALESTRA MANAGEMENT LP LIMITED PARTNER 03/2016 25-50%
IMMERMAN, ANDREW, JAY Individual – CO-FOUNDER 09/2011 < 5%
SCHIFFMAN, JEREMY, NATHANIEL Individual – CO-FOUNDER 09/2011 < 5%
SCHIFFMAN, JEREMY, NATHANIEL Individual PALESTRA MANAGEMENT LP LIMITED PARTNER 03/2016 25-50%
SCHIFFMAN, JEREMY, NATHANIEL Individual PALESTRA GP LLC MANAGING PARTNER 03/2016 50-75%
IMMERMAN, ANDREW, JAY Individual PALESTRA GP LLC MANAGING PARTNER 03/2016 25-50%
PALESTRA MANAGEMENT LP Domestic Entity – MEMBER 03/2016 > 75%
PALESTRA GP LLC Domestic Entity PALESTRA MANAGEMENT LP GENERAL PARTNER 03/2016
DANIELS, KAMAND, KAMANGAR Individual – GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER 09/2020 < 5%
DAVID, VICKRAM, PAUL Individual – PRESIDENT, HEAD OF MARKETING/INVESTOR RELATIONS 01/2022 < 5%
KHARAZISHVILI, IOSIF Individual – CHIEF FINANCIAL OFFICER 12/2022 < 5%

No. Employees, Historic

3015020202021202220232024202518 on 3/27/202018 on 8/25/202018 on 9/24/202018 on 12/18/202023 on 3/31/202123 on 6/17/202123 on 10/14/202124 on 3/31/202224 on 12/5/202220 on 3/31/202321 on 3/29/2024

RAUM, Historic

7B4B02020202120222023202420255454718337 on 3/27/20205454718337 on 8/25/20205454718337 on 9/24/20205454718337 on 12/18/20206557218456 on 3/31/20216557218456 on 6/17/20216557218456 on 10/14/20215589028727 on 3/31/20225589028727 on 12/5/20224099747359 on 3/31/20233850639432 on 3/29/2024

No. Clients, Historic

10502020202120222023202420254 on 3/27/20204 on 8/25/20204 on 9/24/20204 on 12/18/20204 on 3/31/20214 on 6/17/20214 on 10/14/20215 on 3/31/20225 on 12/5/20224 on 3/31/20234 on 3/29/2024

Holdings

From latest 13F, filed August 14th, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
AERCAP HOLDINGS NV SHS 89M 950K –
ALLSTATE CORP COM 93M 583K –
ALPHABET INC CAP STK CL A 119M 651K –
AMAZON COM INC COM 103M 534K –
APOLLO GLOBAL MGMT INC COM 91M 773K –
APPLOVIN CORP COM CL A 76M 918K –
ASML HOLDING N V N Y REGISTRY SHS 90M 88K –
AT&T INC COM 77M 4M –
BOOKING HOLDINGS INC COM 103M 26K –
CAPITAL ONE FINL CORP COM 94M 680K –
CHARTER COMMUNICATIONS INC N CL A 32M 108K –
CRH PLC ORD 174M 2M –
DOLLAR TREE INC COM 24M 224K –
ECHOSTAR CORP CL A 13M 717K –
GE AEROSPACE COM NEW 80M 504K –
GE VERNOVA INC COM 22M 126K –
HILTON WORLDWIDE HLDGS INC COM 99M 455K –
INTUIT COM 128M 194K –
LIVE NATION ENTERTAINMENT IN COM 126M 1M –
LPL FINL HLDGS INC COM 4M 14K –
LUMEN TECHNOLOGIES INC COM 12M 11M –
META PLATFORMS INC CL A 115M 229K –
MICRON TECHNOLOGY INC COM 28M 217K –
MICROSOFT CORP COM 112M 252K –
NVIDIA CORPORATION COM 34M 278K –
PERFORMANCE FOOD GROUP CO COM 109M 2M –
PROGRESSIVE CORP COM 4M 21K –
PTC INC COM 124M 683K –
SALESFORCE INC COM 114M 445K –
SHERWIN WILLIAMS CO COM 5M 17K –
TRANE TECHNOLOGIES PLC SHS 75M 229K –
VISA INC COM CL A 108M 410K –
VULCAN MATLS CO COM 53M 213K –