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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
+1.78%
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
$9.11B
AUM Growth
+$161M
Cap. Flow
+$191M
Cap. Flow %
2.1%
Top 10 Hldgs %
56.67%
Holding
87
New
9
Increased
30
Reduced
6
Closed
5

Top Buys

Rank Stock Value
1
GLPI icon
Gaming and Leisure Properties
GLPI
+$106M
2
META icon
Meta Platforms (Facebook)
META
+$101M
3
CZR
Caesars Entertainment Corporation
CZR
+$83.8M
4
DVA icon
DaVita
DVA
+$77.1M
5
EVHC
Envision Healthcare Holdings Inc
EVHC
+$74.7M

Top Sells

Rank Stock Value
1
CI icon
Cigna
CI
+$203M
2
HCA icon
HCA Healthcare
HCA
+$176M
3
RRR icon
Red Rock Resorts
RRR
+$51.6M
4
MGM icon
MGM Resorts International
MGM
+$35.1M
5
CP icon
Canadian Pacific Kansas City
CP
+$29.2M

Sector Composition

Rank Sector Weight
1 Industrials 42.23%
2 Consumer Discretionary 30.28%
3 Healthcare 8.62%
4 Communication Services 5.78%
5 Real Estate 3.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
26
Meta Platforms (Facebook)
META
$1.49T
$96.2M 1.06%
602,000
+562,000
+1,405% +$101M
SGI
27
Somnigroup International
SGI
$14.4B
$92.8M 1.02%
8,192,000
– –
ZG icon
28
Zillow
ZG
$7.85B
$87.4M 0.96%
1,617,910
– –
HRI icon
29
Herc Holdings
HRI
$4.78B
$86.3M 0.95%
1,329,000
– –
STMP
30
DELISTED
Stamps.com, Inc.
STMP
$82.8M 0.91%
411,817
+20,100
+5% +$3.93M
RRR icon
31
Red Rock Resorts
RRR
$3.84B
$77M 0.85%
2,629,000
-1,569,000
-37% -$51.6M
EVHC
32
DELISTED
Envision Healthcare Holdings Inc
EVHC
$76.9M 0.84%
+2,000,000
New +$74.7M
WMS icon
33
Advanced Drainage Systems
WMS
$10.6B
$70.9M 0.78%
2,737,000
– –
TRUE
34
DELISTED
TrueCar
TRUE
$69.3M 0.76%
7,323,752
+2,495,305
+52% +$27.8M
DVA icon
35
DaVita
DVA
$15.5B
$69.2M 0.76%
+1,050,000
New +$77.1M
MGM icon
36
MGM Resorts International
MGM
$11.7B
$68.7M 0.75%
1,962,700
-1,000,000
-34% -$35.1M
AAL icon
37
American Airlines Group
AAL
$9.82B
$68.5M 0.75%
1,318,851
– –
JBLU icon
38
JetBlue
JBLU
$2.13B
$64.9M 0.71%
3,193,290
– –
PCYO icon
39
Pure Cycle
PCYO
$255M
$56.5M 0.62%
5,982,970
– –
TMX
40
DELISTED
Terminix Global Holdings, Inc.
TMX
$54.5M 0.6%
1,601,243
– –
V icon
41
Visa
V
$701B
$47.8M 0.53%
400,000
– –
PENN icon
42
PENN Entertainment
PENN
$2.84B
$47.5M 0.52%
1,808,113
– –
DOOR
43
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
$45.3M 0.5%
738,926
– –
ENT
44
DELISTED
Global Eagle Entertainment Inc.
ENT
$42.6M 0.47%
1,159,243
– –
CSGP icon
45
CoStar Group
CSGP
$12.2B
$41.7M 0.46%
1,150,000
– –
SYF icon
46
Synchrony
SYF
$24.4B
$31.9M 0.35%
950,000
+450,000
+90% +$16.7M
APC
47
DELISTED
Anadarko Petroleum
APC
$30.2M 0.33%
500,000
– –
HOME
48
DELISTED
At Home Group Inc.
HOME
$29.7M 0.33%
928,500
+478,500
+106% +$14.7M
EXP icon
49
Eagle Materials
EXP
$6.49B
$28.3M 0.31%
274,781
– –
ORLY icon
50
O'Reilly Automotive
ORLY
$75.1B
$27.2M 0.3%
1,650,000
– –
1
2
3 4

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PAR Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, PAR Capital Management held 87 positions worth $9.11B, up 1.8% from $8.95B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

PAR Capital Management's Q1 2018 filing shows 9 new, 30 increased, 6 reduced and 5 closed positions. Its largest new stake was DaVita: 1,050,000 shares worth $69.2M. The largest sale was Cigna, an estimated $203M.

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

  • PAR Capital Management's largest Q1 2018 buy was DaVita: 1,050,000 shares worth $69.2M.
  • PAR Capital Management added most to Gaming and Leisure Properties in Q1 2018, an estimated $106M increase.
  • PAR Capital Management's biggest Q1 2018 reduction was Red Rock Resorts, cutting an estimated $51.6M.
  • PAR Capital Management fully exited Cigna in Q1 2018, selling an estimated $203M.
  • PAR Capital Management's ten largest holdings make up 57% of its $9.11B portfolio in Q1 2018.
  • PAR Capital Management opened 9 new positions and closed 5 in Q1 2018.
  • PAR Capital Management's portfolio value rose 1.8% quarter-over-quarter to $9.11B.

Based on PAR Capital Management's 13F filing for Q1 2018, filed 15 May 2018.