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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
+11.74%
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
$6.92B
AUM Growth
+$899M
Cap. Flow
+$307M
Cap. Flow %
4.44%
Top 10 Hldgs %
56.74%
Holding
91
New
10
Increased
24
Reduced
12
Closed
6

Top Buys

Rank Stock Value
1
EXPE icon
Expedia Group
EXPE
+$62.6M
2
JBLU icon
JetBlue
JBLU
+$52.9M
3
DOV icon
Dover
DOV
+$48.1M
4
DY icon
Dycom Industries
DY
+$41M
5
ISLE
Isle of Capri Casinos Inc
ISLE
+$31M

Top Sells

Rank Stock Value
1
WCG
Wellcare Health Plans, Inc.
WCG
+$55.9M
2
BRSL
Brightstar Lottery PLC
BRSL
+$12.4M
3
GLPI icon
Gaming and Leisure Properties
GLPI
+$10.2M
4
LNW
Light & Wonder
LNW
+$9.57M
5
PENN icon
PENN Entertainment
PENN
+$6.02M

Sector Composition

Rank Sector Weight
1 Industrials 39.16%
2 Consumer Discretionary 31.26%
3 Healthcare 11.56%
4 Communication Services 3.44%
5 Real Estate 2.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RAD
26
DELISTED
Rite Aid Corporation
RAD
$61M 0.88%
396,846
+30,000
+8% +$4.48M
JBLU icon
27
JetBlue
JBLU
$2.13B
$58.5M 0.84%
3,392,490
+3,092,490
+1,031% +$52.9M
VLRS
28
Controladora Vuela Compania de Aviacion
VLRS
$869M
$56.3M 0.81%
3,238,670
– –
ZG icon
29
Zillow
ZG
$7.85B
$55.7M 0.8%
1,617,910
– –
WCG
30
DELISTED
Wellcare Health Plans, Inc.
WCG
$55.5M 0.8%
473,701
-500,000
-51% -$55.9M
EXP icon
31
Eagle Materials
EXP
$6.49B
$48M 0.69%
620,781
+10,000
+2% +$803K
TRUE
32
DELISTED
TrueCar
TRUE
$47.5M 0.69%
5,031,568
– –
CAR icon
33
Avis
CAR
$5.47B
$47.4M 0.68%
1,385,869
– –
WEX icon
34
WEX
WEX
$6.42B
$47M 0.68%
435,000
+15,000
+4% +$1.47M
PENN icon
35
PENN Entertainment
PENN
$2.84B
$45.4M 0.66%
3,344,013
-428,000
-11% -$6.02M
HRI icon
36
Herc Holdings
HRI
$4.78B
$43.8M 0.63%
1,299,000
+632,333
+95% +$21.2M
IVZ icon
37
Invesco
IVZ
$12.4B
$38.3M 0.55%
1,225,000
+305,000
+33% +$8.96M
DY icon
38
Dycom Industries
DY
$11.2B
$38M 0.55%
+465,000
New +$41M
AAL icon
39
American Airlines Group
AAL
$9.82B
$36.5M 0.53%
997,099
– –
TMX
40
DELISTED
Terminix Global Holdings, Inc.
TMX
$36.1M 0.52%
1,601,243
– –
PCYO icon
41
Pure Cycle
PCYO
$255M
$34.3M 0.5%
5,982,970
– –
LNW
42
DELISTED
Light & Wonder
LNW
$34.1M 0.49%
3,024,413
-975,587
-24% -$9.57M
DVA icon
43
DaVita
DVA
$15.5B
$33M 0.48%
500,000
-84,335
-14% -$5.94M
ARLZ
44
DELISTED
Aralez Pharmaceuticals Inc.
ARLZ
$31M 0.45%
6,400,000
– –
WYNN icon
45
Wynn Resorts
WYNN
$10.3B
$30.8M 0.44%
315,668
+10,000
+3% +$976K
WLL
46
DELISTED
Whiting Petroleum Corporation
WLL
$28.8M 0.42%
+11,000
New +$25.8M
V icon
47
Visa
V
$701B
$23.6M 0.34%
285,000
– –
DKS icon
48
Dick's Sporting Goods
DKS
$18.4B
$19.9M 0.29%
350,000
+150,000
+75% +$8.25M
CSGP icon
49
CoStar Group
CSGP
$12.2B
$18.4M 0.27%
850,000
– –
DOOR
50
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
$15.4M 0.22%
247,000
– –
1
2
3 4

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DAM
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PWP
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OTPPB
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JGC
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CIA
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PAR Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, PAR Capital Management held 91 positions worth $6.92B, up 15% from $6.03B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

PAR Capital Management deployed $307M of net new capital in Q3 2016, opening 10 new positions and adding to 24 existing holdings. Its largest new stake was Dover: 831,851 shares worth $1.66M.

By sector, the portfolio is most concentrated in Industrials at 39% of assets, up from 38% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was Wellcare Health Plans, Inc., an estimated $55.9M trimmed.

  • PAR Capital Management's largest Q3 2016 buy was Dover: 831,851 shares worth $1.66M.
  • PAR Capital Management added most to Expedia Group in Q3 2016, an estimated $62.6M increase.
  • PAR Capital Management's biggest Q3 2016 reduction was Wellcare Health Plans, Inc., cutting an estimated $55.9M.
  • PAR Capital Management fully exited Party City Holdco Inc. in Q3 2016, selling an estimated $5.15M.
  • PAR Capital Management's ten largest holdings make up 57% of its $6.92B portfolio in Q3 2016.
  • PAR Capital Management opened 10 new positions and closed 6 in Q3 2016.
  • PAR Capital Management's portfolio value rose 15% quarter-over-quarter to $6.92B.

Based on PAR Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.