Palestra Capital Management’s Managing Partner is Andrew Immerman. He served as an analyst at Goldman Sachs and has worked in the investment banking business in numerous capacities. Andrew graduated from the University of Pennsylvania with a Bachelor of Arts and a Master’s degree from Harvard Business School. Andrew Immerman and Jeremy Schiffman founded Palestra Capital Management in 2011. The hedge fund received launch money from Goldman Sachs and TPG. Microsoft Corporation has risen 41.89 percent in the last year, culminating in a market valuation of $2.25 trillion. The investment accounts for 6.67 percent of the fund’s total assets. The price target on Alphabet Inc. has been lifted to $3,325, according to a Jefferies analyst. Amazon.com is a new addition to Andrew Immerman and Jeremy Schiffman’s $145.40 million portfolio.
Here is Insider Monkey’s list of the 10 tech stock picks from Andrew Immerman and Jeremy Schiffman’s Palestra Capital Management. Twilio Inc. is a provider of cloud communications platforms. Palestra Capital Management’s Andrew Immerman and Jeremy Schiffman included Twilio in their top ten tech stock selections. With 3.72 million shares valued at $1.47 billion, ARK Investment Management is the largest shareholder. PagSeguro Digital Ltd. was launched in 2006 and ranks ninth on Andrew Immerman and Jeremy Schiffman’s Palestra Capital Management’s list of ten tech investment choices. The company’s stock has increased 42.12% in the last year. Palestra Capital Management’s Andrew Immerman and Jeremy Schiffman’s list of 10 tech investment choices include the company created in 1994. The market capitalization of Amazon.com, Inc. is approximately $1.7 trillion. Workday, Inc.’s stock has risen 27.13 percent in the last year. Palestra Capital Management’s Andrew Immerman and Jeremy Schiffman have ranked sixth among their top ten tech stock picks. Activision Blizzard, Inc. is a video game business based in California. It was launched in 2008 and ranks sixth on Andrew Immerman and Jeremy Schiffman’s Palestra Capital Management’s list of ten tech investment choices. For more details, click 10 Tech Stock Picks From Andrew Immerman And Jeremy Schiffman’s Palestra Capital Management.
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