PAR Capital Management’s Caesars Entertainment CZR Stock Holding History

PAR Capital Management’s Portfolio CZR Stock Details CZR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-3,926,940	Closed	-$191M	–	64
2018 Q3	$191M	Sell	3,926,940 -1,500,000	-28%	-$68.1M	2.19%	10
2018 Q2	$212M	Sell	5,426,940 -2,047,839	-27%	-$84.7M	2.39%	12
2018 Q1	$247M	Hold	7,474,779	–	–	2.71%	10
2017 Q4	$248M	Hold	7,474,779	–	–	2.77%	8
2017 Q3	$192M	Hold	7,474,779	–	–	2.18%	11
2017 Q2	$149M	Buy	7,474,779 +3,459,779	+86%	+$69.2M	1.68%	16
2017 Q1	$76M	Sell	4,015,000 -650,000	-14%	-$11M	0.92%	24
2016 Q4	$79.1M	Hold	4,665,000	–	–	1.03%	22
2016 Q3	$65.6M	Buy	4,665,000 +1,113,161	+31%	+$16M	0.95%	23
2016 Q2	$54M	Hold	3,551,839	–	–	0.9%	26
2016 Q1	$40.6M	Buy	3,551,839 +1,000,129	+39%	+$10.4M	0.65%	34
2015 Q4	$28.1M	Sell	2,551,710 -300,625	-11%	-$2.9M	0.52%	39
2015 Q3	$25.7M	Sell	2,852,335 -923,060	-24%	-$8.31M	0.54%	37
2015 Q2	$29.5M	Sell	3,775,395 -25,200	-0.7%	-$187K	0.67%	35
2015 Q1	$19.1M	Buy	3,800,595 +53,290	+1%	+$239K	0.44%	37
2014 Q4	$15.2M	Buy	3,747,305 +1,346,894	+56%	+$5.61M	0.35%	41
2014 Q3	$10.1M	Buy	+2,400,411	New	+$10.2M	0.27%	48

Other funds holding CZR

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

FCM

Frontier Capital Management Boston, Massachusetts $10.7B AUM 67.78% 1-Year Est. Return

HCM

Highline Capital Management New York $53.5M AUM 21.72% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

PWAM

Park West Asset Management San Francisco, California $1.47B AUM 86.42% 1-Year Est. Return

HRCM

Hood River Capital Management Palm Beach Gardens, Florida $13.8B AUM 163.97% 1-Year Est. Return

PAR Capital Management's CZR Position: Q4 2018 in Review

PAR Capital Management sold out of Caesars Entertainment (CZR) in Q4 2018, closing a stake of 3,926,940 shares — an estimated $191M sold.

PAR Capital Management first reported a position in CZR in Q3 2014 and held it in 17 quarters. The position peaked at $248M in Q4 2017. 218 funds tracked by Wall St. Rank hold CZR as of Q4 2018.

PAR Capital Management reported no remaining Caesars Entertainment position as of Q4 2018 after selling out during the quarter.
PAR Capital Management sold 3,926,940 Caesars Entertainment shares in Q4 2018, an estimated $191M.
PAR Capital Management first reported a position in Caesars Entertainment in Q3 2014 and held it in 17 quarters.
PAR Capital Management's Caesars Entertainment position peaked at $248M in Q4 2017.
218 funds tracked by Wall St. Rank held Caesars Entertainment as of Q4 2018.

Based on PAR Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.