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PAR Capital Management Portfolio holdings

AUM $4.03B
1-Year Est. Return 35.05%
This Fund
S&P 500
This Quarter Est. Return
+21.91%
1 Year Est. Return
+35.05%
3 Year Est. Return
+138.5%
5 Year Est. Return
+113.35%
10 Year Est. Return
+497.77%
AUM
$4.03B
AUM Growth
+$582M
Cap. Flow
-$37.9M
Cap. Flow %
-0.94%
Top 10 Hldgs %
84.1%
Holding
56
New
8
Increased
7
Reduced
20
Closed
8

Top Buys

Rank Stock Value
1
UAL icon
United Airlines
UAL
+$37.6M
2
UBER icon
Uber
UBER
+$35.3M
3
META icon
Meta Platforms (Facebook)
META
+$33.6M
4
Z icon
Zillow
Z
+$31.6M
5
AERO
Grupo Aeromexico SAB de CV
AERO
+$19.1M

Top Sells

Rank Stock Value
1
CAR icon
Avis
CAR
+$29.2M
2
SKYW icon
Skywest
SKYW
+$27M
3
SNCY
Sun Country Airlines
SNCY
+$24.2M
4
LYFT icon
Lyft
LYFT
+$21.3M
5
MAR icon
Marriott International
MAR
+$18.4M

Sector Composition

Rank Sector Weight
1 Industrials 39.54%
2 Consumer Discretionary 25.35%
3 Financials 16.47%
4 Technology 16.27%
5 Communication Services 2.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MAR icon
26
Marriott International
MAR
$91.5B
$14.8M 0.37%
40,000
-50,000
-56% -$18.4M
RJET
27
Republic Airways Holdings
RJET
$861M
$10.6M 0.26%
506,844
– –
GOOG icon
28
Alphabet (Google) Class C
GOOG
$4.19T
$8.9M 0.22%
25,200
-10,400
-29% -$3.72M
BILL icon
29
BILL Holdings
BILL
$5.01B
$7.23M 0.18%
200,000
-200,000
-50% -$7.37M
SKYW icon
30
Skywest
SKYW
$3.84B
$5.45M 0.14%
54,881
-303,042
-85% -$27M
CPA icon
31
Copa Holdings
CPA
$5.29B
$3.13M 0.08%
20,115
-137,082
-87% -$17.8M
CARS icon
32
Cars.com
CARS
$639M
$2.69M 0.07%
246,299
– –
HTZ icon
33
Hertz
HTZ
$763M
$2.06M 0.05%
911,001
-488,999
-35% -$2.67M
FLEX icon
34
Flex
FLEX
$40.8B
$1.61M 0.04%
+9,910
New +$1.2M
ZM icon
35
Zoom
ZM
$28.7B
$1.47M 0.04%
17,000
+11,000
+183% +$1.04M
CFG icon
36
Citizens Financial Group
CFG
$29.4B
$1.4M 0.03%
20,000
+4,000
+25% +$258K
C icon
37
Citigroup
C
$223B
$1.4M 0.03%
10,000
– –
C icon
38
PUT
Citigroup
C
$223B
$1.4M 0.03%
10,000
– –
DAL icon
39
PUT
Delta Air Lines
DAL
$52.7B
$983K 0.02%
10,500
-7,500
-42% -$566K
CART icon
40
Maplebear
CART
$11.7B
$963K 0.02%
20,336
– –
EBAY icon
41
eBay
EBAY
$47B
$894K 0.02%
+8,000
New +$854K
GOOG icon
42
PUT
Alphabet (Google) Class C
GOOG
$4.19T
$883K 0.02%
2,500
-31,100
-93% -$11.1M
TCOM icon
43
Trip.com Group
TCOM
$28.6B
$539K 0.01%
13,523
– –
TFC icon
44
Truist Financial
TFC
$61.6B
$498K 0.01%
10,000
-5,000
-33% -$246K
CARG icon
45
CarGurus
CARG
$3.26B
$354K 0.01%
10,376
– –
AFRM icon
46
Affirm
AFRM
$26.2B
$326K 0.01%
+4,000
New +$261K
PNC icon
47
PNC Financial Services
PNC
$96.6B
$246K 0.01%
+1,000
New +$224K
NXT icon
48
Nextpower Inc. Common Stock
NXT
$13B
$206K 0.01%
1,726
– –
CAR icon
49
Avis
CAR
$4.88B
– –
-200,000
Closed -$29.2M
GBTG icon
50
American Express Global Business Travel
GBTG
$4.95B
– –
-1,686,634
Closed -$9.41M
1
2
3

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PWP
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HA
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SCTC
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PAR Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, PAR Capital Management held 56 positions worth $4.03B, up 17% from $3.45B the previous quarter. Its ten largest holdings account for 84% of the portfolio.

PAR Capital Management's Q2 2026 filing shows 8 new, 7 increased, 20 reduced and 8 closed positions. Its largest new stake was Meta Platforms (Facebook): 54,983 shares worth $31M. The largest sale was Avis, an estimated $29.2M.

By sector, the portfolio is most concentrated in Industrials at 40% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Financials.

  • PAR Capital Management's largest Q2 2026 buy was Meta Platforms (Facebook): 54,983 shares worth $31M.
  • PAR Capital Management added most to United Airlines in Q2 2026, an estimated $37.6M increase.
  • PAR Capital Management's biggest Q2 2026 reduction was Skywest, cutting an estimated $27M.
  • PAR Capital Management fully exited Avis in Q2 2026, selling an estimated $29.2M.
  • PAR Capital Management's ten largest holdings make up 84% of its $4.03B portfolio in Q2 2026.
  • PAR Capital Management opened 8 new positions and closed 8 in Q2 2026.
  • PAR Capital Management's portfolio value rose 17% quarter-over-quarter to $4.03B.

Based on PAR Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.