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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
+1.08%
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
$8.8B
AUM Growth
-$102M
Cap. Flow
+$55.2M
Cap. Flow %
0.63%
Top 10 Hldgs %
59.06%
Holding
91
New
6
Increased
22
Reduced
12
Closed
9

Top Buys

Rank Stock Value
1
UAL icon
United Airlines
UAL
+$242M
2
MCK icon
McKesson
MCK
+$79.6M
3
RRR icon
Red Rock Resorts
RRR
+$36.6M
4
STMP
Stamps.com, Inc.
STMP
+$25.3M
5
DY icon
Dycom Industries
DY
+$21.1M

Top Sells

Rank Stock Value
1
CI icon
Cigna
CI
+$214M
2
TRVG
trivago
TRVG
+$54.5M
3
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
+$37.2M
4
WMB icon
Williams Companies
WMB
+$31.9M
5
MGM icon
MGM Resorts International
MGM
+$31.6M

Sector Composition

Rank Sector Weight
1 Industrials 42.58%
2 Consumer Discretionary 30.82%
3 Healthcare 12.3%
4 Communication Services 4.04%
5 Real Estate 2.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DY icon
26
Dycom Industries
DY
$11.2B
$85.9M 0.98%
1,000,000
+250,000
+33% +$21.1M
CONN
27
DELISTED
Conn's Inc.
CONN
$85.6M 0.97%
3,040,000
+40,000
+1% +$838K
AAL icon
28
American Airlines Group
AAL
$9.82B
$79.1M 0.9%
1,666,351
– –
TRUE
29
DELISTED
TrueCar
TRUE
$76.2M 0.87%
4,828,447
– –
WEX icon
30
WEX
WEX
$6.42B
$74.1M 0.84%
660,000
+10,000
+2% +$1.08M
WMB icon
31
Williams Companies
WMB
$85.8B
$70.1M 0.8%
2,335,000
-1,050,000
-31% -$31.9M
HRI icon
32
Herc Holdings
HRI
$4.78B
$65.3M 0.74%
1,329,000
+20,000
+2% +$867K
ZG icon
33
Zillow
ZG
$7.85B
$65M 0.74%
1,617,910
– –
JBLU icon
34
JetBlue
JBLU
$2.13B
$59.2M 0.67%
3,193,290
– –
WMS icon
35
Advanced Drainage Systems
WMS
$10.6B
$55.4M 0.63%
2,737,000
– –
DOOR
36
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
$51.1M 0.58%
738,926
+263,926
+56% +$18.2M
TMX
37
DELISTED
Terminix Global Holdings, Inc.
TMX
$50.1M 0.57%
1,601,243
– –
WLL
38
DELISTED
Whiting Petroleum Corporation
WLL
$48.9M 0.56%
29,883
+4,666
+19% +$6.86M
PCYO icon
39
Pure Cycle
PCYO
$255M
$44.9M 0.51%
5,982,970
– –
PENN icon
40
PENN Entertainment
PENN
$2.84B
$42.3M 0.48%
1,808,113
– –
V icon
41
Visa
V
$701B
$42.1M 0.48%
400,000
– –
CP icon
42
Canadian Pacific Kansas City
CP
$81B
$41.4M 0.47%
1,232,250
– –
STMP
43
DELISTED
Stamps.com, Inc.
STMP
$41.3M 0.47%
203,717
+138,000
+210% +$25.3M
CSX icon
44
CSX Corp
CSX
$94B
$39.3M 0.45%
2,175,000
-1,215,000
-36% -$20.9M
TRVG
45
trivago
TRVG
$385M
$32.5M 0.37%
600,000
-646,800
-52% -$54.5M
CSGP icon
46
CoStar Group
CSGP
$12.2B
$30.8M 0.35%
1,150,000
– –
EXP icon
47
Eagle Materials
EXP
$6.49B
$29.3M 0.33%
274,781
– –
ORLY icon
48
O'Reilly Automotive
ORLY
$75.1B
$26.9M 0.31%
1,875,000
+750,000
+67% +$9.9M
SEMG
49
DELISTED
SEMGROUP CORPORATION
SEMG
$25.2M 0.29%
877,600
– –
APC
50
DELISTED
Anadarko Petroleum
APC
$24.4M 0.28%
500,000
+245,000
+96% +$10.8M
1
2
3 4

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PAR Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, PAR Capital Management held 91 positions worth $8.8B, down 1.1% from $8.9B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

PAR Capital Management's Q3 2017 filing shows 6 new, 22 increased, 12 reduced and 9 closed positions. Its largest new stake was Advance Auto Parts: 125,000 shares worth $12.4M. The largest sale was Cigna, an estimated $214M.

By sector, the portfolio is most concentrated in Industrials at 43% of assets, up from 42% a quarter earlier, followed by Consumer Discretionary and Healthcare.

  • PAR Capital Management's largest Q3 2017 buy was Advance Auto Parts: 125,000 shares worth $12.4M.
  • PAR Capital Management added most to United Airlines in Q3 2017, an estimated $242M increase.
  • PAR Capital Management's biggest Q3 2017 reduction was Cigna, cutting an estimated $214M.
  • PAR Capital Management fully exited LendingTree in Q3 2017, selling an estimated $14.2M.
  • PAR Capital Management's ten largest holdings make up 59% of its $8.8B portfolio in Q3 2017.
  • PAR Capital Management opened 6 new positions and closed 9 in Q3 2017.
  • PAR Capital Management's portfolio value fell 1.1% quarter-over-quarter to $8.8B.

Based on PAR Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.