PAR Capital Management’s Virgin America Inc. VA Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-790,000	Closed	-$30.5M	–	89
2016 Q1	$30.5M	Sell	790,000 -1,474,492	-65%	-$45.9M	0.49%	41
2015 Q4	$81.5M	Hold	2,264,492	–	–	1.5%	18
2015 Q3	$77.5M	Hold	2,264,492	–	–	1.63%	18
2015 Q2	$62.2M	Hold	2,264,492	–	–	1.41%	21
2015 Q1	$65.4M	Hold	2,264,492	–	–	1.51%	19
2014 Q4	$93M	Buy	+2,264,492	New	+$81.8M	2.15%	17

Other funds holding VA

CCP

Cyrus Capital Partners New York $196M AUM 123.68% 1-Year Est. Return

SAC

Smith Affiliated Capital New York $86.5B AUM 5.91% 1-Year Est. Return

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

AAM

Alpine Associates Management Palm Beach, Florida $1.7B AUM 97.55% 1-Year Est. Return

HHC

Hutchin Hill Capital New York $359M AUM 15.77% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

OAM

Oxford Asset Management Oxford, United Kingdom $232M AUM 31% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Alyeska Investment Group Chicago, Illinois $35.4B AUM 33.54% 1-Year Est. Return

PAR Capital Management's VA Position: Q2 2016 in Review

PAR Capital Management sold out of Virgin America Inc. (VA) in Q2 2016, closing a stake of 790,000 shares — an estimated $30.5M sold.

PAR Capital Management first reported a position in VA in Q4 2014 and held it in 6 quarters. The position peaked at $93M in Q4 2014. 150 funds tracked by Wall St. Rank hold VA as of Q2 2016.

PAR Capital Management reported no remaining Virgin America Inc. position as of Q2 2016 after selling out during the quarter.
PAR Capital Management sold 790,000 Virgin America Inc. shares in Q2 2016, an estimated $30.5M.
PAR Capital Management first reported a position in Virgin America Inc. in Q4 2014 and held it in 6 quarters.
PAR Capital Management's Virgin America Inc. position peaked at $93M in Q4 2014.
150 funds tracked by Wall St. Rank held Virgin America Inc. as of Q2 2016.

Based on PAR Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.