Hedge Fund - Palestra Capital Management

Palestra Capital Management, established in the third quarter of 2011, is a New York-based long/short equity hedge fund manager founded by Jeremy Schiffman and Andrew Immerman. Both founders bring extensive experience from their previous roles at TPG-Axon and SAC Capital. The firm initially received seed capital from prominent investors Goldman Sachs and TPG. Palestra Capital Management employs fundamental analysis to identify investment opportunities, focusing primarily on long and short-term investments. Additionally, the firm selectively engages in credit investments, leveraging its analytical expertise to maximize returns.

Andrew Jay Immerman is the Founder and Managing Partner of Palestra Capital Management. Before founding Palestra, Mr. Immerman served as an Analyst at Viking Global Investors LP and a Research Analyst at Clovis Capital Management LP. He holds an undergraduate degree from the University of Pennsylvania and an MBA from Harvard Business School.

Jeremy Schiffman is a Co-Founder and also a Managing Partner of Palestra Capital Management. Before establishing Palestra, Mr. Schiffman was a partner at TPG-Axon, where he played a key role in the firm's investment strategies. Before TPG-Axon, he was an investment professional at TPG Capital, contributing to its core private equity group. He began his career at Goldman Sachs in its Investment Banking Division. Mr. Schiffman graduated magna cum laude from The Wharton School at the University of Pennsylvania. In addition to his professional achievements, he serves on the Board of Directors of JCC Manhattan.

Palestra Capital Management is a hedge fund managing discretionary assets totaling $3,850,639,432, according to their Form ADV dated April 2024. The firm caters to 4 clients and reported managing $2,684,862,014 in 13F securities for Q1 2024, with a top 10 holdings concentration of 47.92%. Their largest holding is Salesforce.com Inc., with 579,892 shares.