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PAR Capital Management Portfolio holdings

AUM $4.03B
1-Year Est. Return 35.05%
This Fund
S&P 500
This Quarter Est. Return
+32.27%
1 Year Est. Return
+35.05%
3 Year Est. Return
+138.5%
5 Year Est. Return
+113.35%
10 Year Est. Return
+497.77%
AUM
$4.31B
AUM Growth
+$886M
Cap. Flow
-$129M
Cap. Flow %
-2.98%
Top 10 Hldgs %
71.46%
Holding
50
New
20
Increased
6
Reduced
12
Closed
3

Top Buys

Rank Stock Value
1
SNCY
Sun Country Airlines
SNCY
+$75.2M
2
GRPN icon
Groupon
GRPN
+$54.3M
3
ABNB icon
Airbnb
ABNB
+$46.3M
4
STT icon
State Street
STT
+$31M
5
AXP icon
American Express
AXP
+$27.1M

Top Sells

Rank Stock Value
1
DVA icon
DaVita
DVA
+$143M
2
UAL icon
United Airlines
UAL
+$100M
3
ALK icon
Alaska Air
ALK
+$48.3M
4
AAL icon
American Airlines Group
AAL
+$43.5M
5
BKNG icon
Booking.com
BKNG
+$26.7M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 41.54%
2 Industrials 26.91%
3 Financials 14.62%
4 Technology 10.07%
5 Communication Services 4.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STT icon
26
State Street
STT
$50.7B
$33.6M 0.78%
+400,000
New +$31M
VLRS
27
Controladora Vuela Compania de Aviacion
VLRS
$722M
$24.7M 0.57%
1,735,000
– –
RRR icon
28
Red Rock Resorts
RRR
$3.21B
$20.7M 0.48%
634,529
– –
MA icon
29
Mastercard
MA
$500B
$17.8M 0.41%
+50,000
New +$17.4M
GDOT icon
30
Green Dot
GDOT
$753M
$14.2M 0.33%
+311,154
New +$16.2M
DFS
31
DELISTED
Discover Financial Services
DFS
$11M 0.25%
115,761
+50,761
+78% +$4.79M
COF icon
32
Capital One
COF
$126B
$7.63M 0.18%
60,000
– –
WPCA.U
33
DELISTED
Warburg Pincus Capital Corporation I-A Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
WPCA.U
$7.49M 0.17%
+750,000
New +$7.58M
WPCB.U
34
DELISTED
Warburg Pincus Capital Corporation I-B Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
WPCB.U
$5.04M 0.12%
+500,000
New +$5.03M
PCYO icon
35
Pure Cycle
PCYO
$266M
$4.7M 0.11%
350,000
-650,000
-65% -$7.88M
VGII.U
36
DELISTED
Virgin Group Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fifth
VGII.U
$3.97M 0.09%
+400,000
New +$3.98M
CARG icon
37
CarGurus
CARG
$3.12B
$2.5M 0.06%
105,000
+30,000
+40% +$869K
WU icon
38
Western Union
WU
$2.15B
$2.47M 0.06%
+100,000
New +$2.35M
ASZ.U
39
DELISTED
Austerlitz Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
ASZ.U
$1M 0.02%
+100,000
New +$1.01M
DMYQ.U
40
DELISTED
dMY Technology Group, Inc. IV Units, each consisting of one share of Class A common stock and one-fi
DMYQ.U
$1M 0.02%
+100,000
New +$1.02M
AUS.U
41
DELISTED
Austerlitz Acquisition Corporation I Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
AUS.U
$1M 0.02%
+100,000
New +$1.02M
FRSGU
42
DELISTED
First Reserve Sustainable Growth Corp. Unit
FRSGU
$1M 0.02%
+100,000
New +$1M
OHPAU
43
DELISTED
Orion Acquisition Corp. Unit
OHPAU
$1M 0.02%
+100,000
New +$1M
ATAQ.U
44
DELISTED
Altimar Acquisition Corp III Units
ATAQ.U
$1M 0.02%
+100,000
New +$1M
ML
45
DELISTED
MoneyLion Inc.
ML
$993K 0.02%
+3,333
New +$1.11M
RXRAU
46
DELISTED
RXR Acquisition Corp. Units
RXRAU
$985K 0.02%
+100,000
New +$994K
ZIXI
47
DELISTED
Zix Corporation
ZIXI
$543K 0.01%
+71,900
New +$605K
CAR icon
48
Avis
CAR
$4.22B
– –
-65,800
Closed -$2.45M
CVNA icon
49
Carvana
CVNA
$49.4B
– –
-307,500
Closed -$14.7M
DVA icon
50
DaVita
DVA
$12.1B
– –
-1,216,385
Closed -$143M
1
2

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PAR Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, PAR Capital Management held 50 positions worth $4.31B, up 26% from $3.43B the previous quarter. Its ten largest holdings account for 71% of the portfolio.

PAR Capital Management's Q1 2021 filing shows 20 new, 6 increased, 12 reduced and 3 closed positions. Its largest new stake was Sun Country Airlines: 2,216,312 shares worth $72.2M. The largest sale was DaVita, an estimated $143M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, up from 38% a quarter earlier, followed by Industrials and Financials.

  • PAR Capital Management's largest Q1 2021 buy was Sun Country Airlines: 2,216,312 shares worth $72.2M.
  • PAR Capital Management added most to American Express in Q1 2021, an estimated $27.1M increase.
  • PAR Capital Management's biggest Q1 2021 reduction was United Airlines, cutting an estimated $100M.
  • PAR Capital Management fully exited DaVita in Q1 2021, selling an estimated $143M.
  • PAR Capital Management's ten largest holdings make up 71% of its $4.31B portfolio in Q1 2021.
  • PAR Capital Management opened 20 new positions and closed 3 in Q1 2021.
  • PAR Capital Management's portfolio value rose 26% quarter-over-quarter to $4.31B.

Based on PAR Capital Management's 13F filing for Q1 2021, filed 17 May 2021.