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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
-29.67%
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
$2.98B
AUM Growth
-$1.2B
(-29%)
Cap. Flow
+$133M
Cap. Flow
% of AUM
4.46%
Top 10 Holdings %
Top 10 Hldgs %
74.21%
Holding
55
New
8
Increased
20
Reduced
5
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$148M |
| 2 |
Meta Platforms (Facebook)
META
|
+$121M |
| 3 |
CarGurus
CARG
|
+$35.8M |
| 4 |
Corpay
CPAY
|
+$23.8M |
| 5 |
WEX
WEX
|
+$16.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sabre
SABR
|
+$139M |
| 2 |
Bally's
BALY
|
+$55.3M |
| 3 |
Apple Hospitality REIT
APLE
|
+$41.6M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$33.3M |
| 5 |
TripAdvisor
TRIP
|
+$14.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 33.27% |
| 2 | Industrials | 23.4% |
| 3 | Technology | 19.73% |
| 4 | Financials | 15.14% |
| 5 | Communication Services | 8.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PayPal
PYPL
$50.3B
| $19.2M | 0.64% |
275,000
+175,000
| +175% | +$15.2M |
|
27
Green Dot
GDOT
$750M
| $18.6M | 0.63% |
742,382
+242,382
| +48% | +$6.56M |
|
28
JetBlue
JBLU
$2.13B
| $16.7M | 0.56% |
2,000,000
-50,000
| -2% | -$535K |
|
|
VLRS
29
Controladora Vuela Compania de Aviacion
VLRS
$869M
| $16.4M | 0.55% |
1,600,000
+100,000
| +7% | +$1.48M |
|
|
AVDX
30
DELISTED
AvidXchange
AVDX
| $12.3M | 0.41% |
2,000,000
+550,000
| +38% | +$4.37M |
|
|
VCSA
31
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
| $8.09M | 0.27% |
140,378
| – | – |
|
32
Bank of America
BAC
$429B
| $6.23M | 0.21% |
+200,000
| New | +$7.2M |
|
33
ARK Blockchain & Fintech Innovation ETF
ARKF
$731M
| $5.42M | 0.18% |
+350,000
| New | +$7.09M |
|
|
34
Apple Hospitality REIT
APLE
$3.97B
| $4.12M | 0.14% |
280,501
-2,515,130
| -90% | -$41.6M |
|
35
SoFi Technologies
SOFI
$19.6B
| $3.95M | 0.13% |
+750,000
| New | +$5.07M |
|
36
Avis
CAR
$5.47B
| $2.65M | 0.09% |
+18,000
| New | +$3.95M |
|
37
Etsy
ETSY
$8.12B
| $494K | 0.02% |
+6,750
| New | +$616K |
|
38
Hyatt Hotels
H
$17.5B
| $370K | 0.01% |
5,000
-19,000
| -79% | -$1.65M |
|
39
Host Hotels & Resorts
HST
$17.5B
| $235K | 0.01% |
+15,000
| New | +$286K |
|
|
SIX
40
DELISTED
Six Flags Entertainment Corp.
SIX
| $217K | 0.01% |
+10,000
| New | +$319K |
|
41
AerCap
AER
$23.4B
| – | – |
-192,263
| Closed | -$9.67M |
|
|
42
Bally's
BALY
$708M
| – | – |
-1,798,819
| Closed | -$55.3M |
|
43
Chegg
CHGG
$116M
| – | – |
-20,000
| Closed | -$726K |
|
44
Copa Holdings
CPA
$5.56B
| – | – |
-9,500
| Closed | -$795K |
|
|
DFS
45
DELISTED
Discover Financial Services
DFS
| – | – |
-115,761
| Closed | -$12.8M |
|
46
American Express Global Business Travel
GBTG
$4.92B
| – | – |
-1,111,000
| Closed | -$11.1M |
|
|
47
Alphabet (Google) Class A
GOOGL
$4.12T
| – | – |
-238,400
| Closed | -$33.3M |
|
48
Grab
GRAB
$13.7B
| – | – |
-2,500,000
| Closed | -$8.75M |
|
49
Grove Collaborative
GROV
$45.8M
| – | – |
-80,000
| Closed | -$3.94M |
|
|
50
Sabre
SABR
$716M
| – | – |
-12,163,107
| Closed | -$139M |
|
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PAR Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, PAR Capital Management held 55 positions worth $2.98B, down 29% from $4.18B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
PAR Capital Management deployed $133M of net new capital in Q2 2022, opening 8 new positions and adding to 20 existing holdings. Its largest new stake was Corpay: 100,000 shares worth $21M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, down from 41% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Apple Hospitality REIT, an estimated $41.6M trimmed.
- PAR Capital Management's largest Q2 2022 buy was Corpay: 100,000 shares worth $21M.
- PAR Capital Management added most to Uber in Q2 2022, an estimated $148M increase.
- PAR Capital Management's biggest Q2 2022 reduction was Apple Hospitality REIT, cutting an estimated $41.6M.
- PAR Capital Management fully exited Sabre in Q2 2022, selling an estimated $139M.
- PAR Capital Management's ten largest holdings make up 74% of its $2.98B portfolio in Q2 2022.
- PAR Capital Management opened 8 new positions and closed 15 in Q2 2022.
- PAR Capital Management's portfolio value fell 29% quarter-over-quarter to $2.98B.
Based on PAR Capital Management's 13F filing for Q2 2022, filed 15 Aug 2022.