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PAR Capital Management Portfolio holdings

AUM $3.45B
1-Year Est. Return 28.5%
This Fund
S&P 500
This Quarter Est. Return
+3.13%
1 Year Est. Return
+28.5%
3 Year Est. Return
+123.74%
5 Year Est. Return
+64.51%
10 Year Est. Return
+369.64%
AUM
$3.62B
AUM Growth
+$316M
Cap. Flow
+$250M
Cap. Flow %
6.91%
Top 10 Hldgs %
57.3%
Holding
71
New
7
Increased
23
Reduced
6
Closed
7

Top Buys

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$145M
2
EXPE icon
Expedia Group
EXPE
+$48.5M
3
MLCO icon
Melco Resorts & Entertainment
MLCO
+$45.8M
4
AYI icon
Acuity Brands
AYI
+$25.9M
5
CP icon
Canadian Pacific Kansas City
CP
+$24.6M

Top Sells

Rank Stock Value
1
CAR icon
Avis
CAR
+$122M
2
WOLF icon
Wolfspeed
WOLF
+$16.9M
3
ATML
ATMEL CORP
ATML
+$11.1M
4
ELV icon
Elevance Health
ELV
+$9.96M
5
GRPN icon
Groupon
GRPN
+$7.45M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 38.63%
2 Industrials 31.16%
3 Technology 7.6%
4 Real Estate 2.44%
5 Financials 1.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SLAB icon
26
Silicon Laboratories
SLAB
$7.14B
$32.3M 0.89%
656,000
+139,200
+27% +$6.62M
SGY
27
DELISTED
Stone Energy
SGY
$31.9M 0.88%
11,983
-2,546
-18% -$6.42M
GM icon
28
General Motors
GM
$80.9B
$27.9M 0.77%
768,550
+295,000
+62% +$10.3M
CP icon
29
Canadian Pacific Kansas City
CP
$81B
$27.2M 0.75%
+750,000
New +$24.6M
AIXG
30
DELISTED
Aixtron SE
AIXG
$26.1M 0.72%
1,798,509
– –
MGLN
31
DELISTED
Magellan Health Services, Inc.
MGLN
$24.9M 0.69%
400,000
+69,468
+21% +$4.08M
POZN
32
DELISTED
POZEN INC
POZN
$23.9M 0.66%
2,863,699
-492,600
-15% -$4.23M
INVN
33
DELISTED
Invensense Inc
INVN
$22.5M 0.62%
992,402
– –
ISLE
34
DELISTED
Isle of Capri Casinos Inc
ISLE
$21.9M 0.61%
2,563,000
+1,099,533
+75% +$7.74M
APC
35
DELISTED
Anadarko Petroleum
APC
$20.5M 0.57%
187,444
– –
IVZ icon
36
Invesco
IVZ
$12.4B
$20M 0.55%
530,000
+30,000
+6% +$1.09M
FCX icon
37
Freeport-McMoran
FCX
$86.2B
$19.7M 0.54%
540,000
+165,000
+44% +$5.65M
GWR
38
DELISTED
Genesee & Wyoming Inc.
GWR
$19M 0.53%
181,382
– –
VVTV
39
DELISTED
VALUEVISION MEDIA INC
VVTV
$17.8M 0.49%
3,562,300
– –
ICE icon
40
Intercontinental Exchange
ICE
$87.2B
$15.1M 0.42%
400,000
+162,500
+68% +$6.33M
MNTG
41
DELISTED
M T R GAMING GROUP INC
MNTG
$15M 0.42%
2,812,564
+20,564
+0.7% +$103K
MOH icon
42
Molina Healthcare
MOH
$10.4B
$13.4M 0.37%
300,000
– –
APAM icon
43
Artisan Partners
APAM
$2.86B
$13M 0.36%
230,000
+100,000
+77% +$5.72M
WOLF icon
44
Wolfspeed
WOLF
$1.04B
$12.7M 0.35%
254,300
-341,000
-57% -$16.9M
SSYS icon
45
Stratasys
SSYS
$666M
$12.2M 0.34%
106,940
+30,000
+39% +$2.94M
MLI icon
46
Mueller Industries
MLI
$14.5B
$12.1M 0.34%
1,652,000
– –
PNK
47
DELISTED
Pinnacle Entertainment Inc.
PNK
$10.1M 0.28%
400,000
– –
META icon
48
Meta Platforms (Facebook)
META
$1.49T
$9.42M 0.26%
140,000
– –
JPM icon
49
JPMorgan Chase
JPM
$916B
$8.07M 0.22%
140,000
-20,000
-13% -$1.12M
PGTI
50
DELISTED
PGT, Inc.
PGTI
$7.97M 0.22%
941,172
+350,000
+59% +$3.26M
1
2
3

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OTPPB
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PAR Capital Management's Q2 2014 Portfolio in Review

As of Q2 2014, PAR Capital Management held 71 positions worth $3.62B, up 9.5% from $3.31B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

PAR Capital Management deployed $250M of net new capital in Q2 2014, opening 7 new positions and adding to 23 existing holdings. Its largest new stake was Canadian Pacific Kansas City: 750,000 shares worth $27.2M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, up from 32% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Wolfspeed, an estimated $16.9M trimmed.

  • PAR Capital Management's largest Q2 2014 buy was Canadian Pacific Kansas City: 750,000 shares worth $27.2M.
  • PAR Capital Management added most to Booking.com in Q2 2014, an estimated $145M increase.
  • PAR Capital Management's biggest Q2 2014 reduction was Wolfspeed, cutting an estimated $16.9M.
  • PAR Capital Management fully exited Avis in Q2 2014, selling an estimated $122M.
  • PAR Capital Management's ten largest holdings make up 57% of its $3.62B portfolio in Q2 2014.
  • PAR Capital Management opened 7 new positions and closed 7 in Q2 2014.
  • PAR Capital Management's portfolio value rose 9.5% quarter-over-quarter to $3.62B.

Based on PAR Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.