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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
-0.97%
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
$5.78B
AUM Growth
-$195M
Cap. Flow
-$120M
Cap. Flow %
-2.09%
Top 10 Hldgs %
79.01%
Holding
55
New
3
Increased
13
Reduced
4
Closed
3

Top Buys

Rank Stock Value
1
HTZ
Hertz Global Holdings, Inc.
HTZ
+$29.4M
2
JBLU icon
JetBlue
JBLU
+$21.8M
3
SYF icon
Synchrony
SYF
+$4.97M
4
BALY icon
Bally's
BALY
+$3.7M
5
EXPE icon
Expedia Group
EXPE
+$3.3M

Top Sells

Rank Stock Value
1
UAL icon
United Airlines
UAL
+$89.9M
2
DAL icon
Delta Air Lines
DAL
+$82.4M
3
CIVI
Civitas Resources
CIVI
+$7.64M
4
Z icon
Zillow
Z
+$7.19M
5
SEMG
SEMGROUP CORPORATION
SEMG
+$6.45M

Sector Composition

Rank Sector Weight
1 Industrials 43.3%
2 Consumer Discretionary 37.05%
3 Communication Services 6.38%
4 Healthcare 4.46%
5 Financials 4.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SKYW icon
26
Skywest
SKYW
$4.35B
$26.3M 0.46%
458,884
– –
CVNA icon
27
Carvana
CVNA
$47.5B
$22.8M 0.39%
1,725,000
– –
QNST icon
28
QuinStreet
QNST
$927M
$22.3M 0.39%
1,767,697
– –
GRUB
29
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$19.7M 0.34%
175,000
– –
VLRS
30
Controladora Vuela Compania de Aviacion
VLRS
$869M
$14.7M 0.25%
1,465,886
+107,997
+8% +$1.04M
CIVI
31
DELISTED
Civitas Resources
CIVI
$13.5M 0.23%
601,714
-343,300
-36% -$7.64M
CAR icon
32
PUT
Avis
CAR
$5.47B
$12.8M 0.22%
+4,547
New +$139K
HTZ
33
CALL
DELISTED
Hertz Global Holdings, Inc.
HTZ
$11.3M 0.2%
8,000
+5,000
+167% +$70.4K
WBS icon
34
Webster Financial
WBS
$12.3B
$9.85M 0.17%
210,100
– –
SEM
35
DELISTED
Select Medical
SEM
$9.41M 0.16%
1,053,666
– –
TREE icon
36
LendingTree
TREE
$551M
$8.2M 0.14%
26,400
– –
TSG
37
DELISTED
The Stars Group Inc.
TSG
$6.8M 0.12%
454,100
-50,000
-10% -$777K
CAR icon
38
Avis
CAR
$5.47B
$6.36M 0.11%
225,000
– –
COR icon
39
Cencora
COR
$62B
$6.17M 0.11%
75,000
– –
GSKY
40
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
$5.56M 0.1%
812,871
+89,471
+12% +$797K
ELV icon
41
Elevance Health
ELV
$81.5B
$4.8M 0.08%
20,000
– –
IWM icon
42
PUT
iShares Russell 2000 ETF
IWM
$79.1B
$3.18M 0.06%
200
– –
PENN icon
43
PENN Entertainment
PENN
$2.84B
$2.98M 0.05%
160,000
+85,000
+113% +$1.61M
EVER icon
44
EverQuote
EVER
$949M
$2.67M 0.05%
125,000
– –
HOUS
45
DELISTED
Anywhere Real Estate
HOUS
$2.34M 0.04%
350,000
– –
MMYT icon
46
MakeMyTrip
MMYT
$5.38B
$2.3M 0.04%
101,200
– –
DESP
47
DELISTED
Despegar.com
DESP
$2.08M 0.04%
183,526
– –
MGM icon
48
MGM Resorts International
MGM
$11.7B
$1.94M 0.03%
+70,000
New +$2.01M
CHGG icon
49
Chegg
CHGG
$116M
$1.5M 0.03%
+50,000
New +$1.98M
DVD
50
DELISTED
Dover Motorsports
DVD
$1.17M 0.02%
590,000
– –
1
2
3

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OTPPB
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JGC
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CIA
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CCM
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PAR Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, PAR Capital Management held 55 positions worth $5.78B, down 3.3% from $5.97B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

PAR Capital Management's Q3 2019 filing shows 3 new, 13 increased, 4 reduced and 3 closed positions. Its largest new stake was MGM Resorts International: 70,000 shares worth $1.94M. The largest sale was United Airlines, an estimated $89.9M.

By sector, the portfolio is most concentrated in Industrials at 43% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • PAR Capital Management's largest Q3 2019 buy was MGM Resorts International: 70,000 shares worth $1.94M.
  • PAR Capital Management added most to Hertz Global Holdings, Inc. in Q3 2019, an estimated $29.4M increase.
  • PAR Capital Management's biggest Q3 2019 reduction was United Airlines, cutting an estimated $89.9M.
  • PAR Capital Management fully exited Zillow in Q3 2019, selling an estimated $7.19M.
  • PAR Capital Management's ten largest holdings make up 79% of its $5.78B portfolio in Q3 2019.
  • PAR Capital Management opened 3 new positions and closed 3 in Q3 2019.
  • PAR Capital Management's portfolio value fell 3.3% quarter-over-quarter to $5.78B.

Based on PAR Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.