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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
-4.64%
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
$2.67B
AUM Growth
-$198M
Cap. Flow
+$13.2M
Cap. Flow %
0.49%
Top 10 Hldgs %
80.07%
Holding
49
New
4
Increased
9
Reduced
12
Closed
2

Top Buys

Rank Stock Value
1
CAR icon
Avis
CAR
+$48.4M
2
XYZ
Block Inc
XYZ
+$15.5M
3
HTZ icon
Hertz
HTZ
+$15.3M
4
EXPE icon
Expedia Group
EXPE
+$5.52M
5
CVNA icon
Carvana
CVNA
+$5.16M

Top Sells

Rank Stock Value
1
UBER icon
Uber
UBER
+$45.7M
2
LUV icon
Southwest Airlines
LUV
+$16.3M
3
ULCC icon
Frontier Group Holdings
ULCC
+$9.9M
4
ALK icon
Alaska Air
ALK
+$5.43M
5
AAL icon
American Airlines Group
AAL
+$4.66M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 34.97%
2 Technology 25.94%
3 Industrials 21.97%
4 Financials 15.93%
5 Communication Services 1.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTZ icon
26
Hertz
HTZ
$499M
$13.6M 0.51%
1,112,571
+912,571
+456% +$15.3M
H icon
27
Hyatt Hotels
H
$16.4B
$12.9M 0.48%
121,961
+6,827
+6% +$777K
GDOT icon
28
Green Dot
GDOT
$743M
$12.5M 0.47%
900,000
– –
SKYW icon
29
Skywest
SKYW
$4.24B
$10M 0.37%
238,441
– –
ULCC icon
30
Frontier Group Holdings
ULCC
$1.55B
$9.68M 0.36%
2,000,000
-1,322,200
-40% -$9.9M
JBLU icon
31
JetBlue
JBLU
$2.28B
$9.2M 0.34%
2,000,000
– –
ETSY icon
32
Etsy
ETSY
$7.75B
$8.93M 0.33%
138,250
– –
SOFI icon
33
SoFi Technologies
SOFI
$21B
$5.99M 0.22%
750,000
– –
MAR icon
34
Marriott International
MAR
$98.3B
$4.48M 0.17%
22,800
+20,000
+714% +$3.97M
VCSA
35
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
$4.34M 0.16%
470,665
+330,665
+236% +$4.02M
GOOGL icon
36
Alphabet (Google) Class A
GOOGL
$4.36T
$3.49M 0.13%
26,500
-2,500
-9% -$323K
GBTG icon
37
American Express Global Business Travel
GBTG
$4.93B
$2.98M 0.11%
+541,851
New +$3.49M
META icon
38
Meta Platforms (Facebook)
META
$1.42T
$2.64M 0.1%
8,800
– –
WH icon
39
Wyndham Hotels & Resorts
WH
$5.56B
$1.88M 0.07%
27,000
– –
SAVE
40
DELISTED
Spirit Airlines, Inc.
SAVE
$1.65M 0.06%
100,000
-4,500
-4% -$76.6K
EB
41
DELISTED
Eventbrite
EB
$1.45M 0.05%
147,000
– –
Z icon
42
Zillow
Z
$7.79B
$831K 0.03%
18,000
– –
TCOM icon
43
Trip.com Group
TCOM
$29.6B
$699K 0.03%
20,000
– –
WIX icon
44
WIX.com
WIX
$2.3B
$505K 0.02%
+5,500
New +$491K
JPM icon
45
JPMorgan Chase
JPM
$935B
$435K 0.02%
+3,000
New +$450K
MA icon
46
Mastercard
MA
$502B
$396K 0.01%
+1,000
New +$401K
VLRS
47
Controladora Vuela Compania de Aviacion
VLRS
$900M
$372K 0.01%
54,737
-27,263
-33% -$294K
DASH icon
48
DoorDash
DASH
$85.5B
– –
-12,000
Closed -$917K
KMX icon
49
CarMax
KMX
$8.13B
– –
-5,000
Closed -$419K
1
2

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DAM
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PWP
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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 2023 Portfolio in Review

As of Q3 2023, PAR Capital Management held 49 positions worth $2.67B, down 6.9% from $2.87B the previous quarter. Its ten largest holdings account for 80% of the portfolio.

PAR Capital Management's Q3 2023 filing shows 4 new, 9 increased, 12 reduced and 2 closed positions. Its largest new stake was American Express Global Business Travel: 541,851 shares worth $2.98M. The largest sale was Uber, an estimated $45.7M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 35% of assets, up from 31% a quarter earlier, followed by Technology and Industrials.

  • PAR Capital Management's largest Q3 2023 buy was American Express Global Business Travel: 541,851 shares worth $2.98M.
  • PAR Capital Management added most to Avis in Q3 2023, an estimated $48.4M increase.
  • PAR Capital Management's biggest Q3 2023 reduction was Uber, cutting an estimated $45.7M.
  • PAR Capital Management fully exited DoorDash in Q3 2023, selling an estimated $917K.
  • PAR Capital Management's ten largest holdings make up 80% of its $2.67B portfolio in Q3 2023.
  • PAR Capital Management opened 4 new positions and closed 2 in Q3 2023.
  • PAR Capital Management's portfolio value fell 6.9% quarter-over-quarter to $2.67B.

Based on PAR Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.