We are live on ! Find out more
PCM

PAR Capital Management Portfolio holdings

AUM $3.45B
1-Year Est. Return 28.5%
This Fund
S&P 500
This Quarter Est. Return
+21.93%
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
$3.04B
AUM Growth
+$371M
Cap. Flow
-$136M
Cap. Flow %
-4.48%
Top 10 Hldgs %
81.42%
Holding
51
New
4
Increased
12
Reduced
12
Closed
9

Top Buys

Rank Stock Value
1
CAR icon
Avis
CAR
+$21.4M
2
SNCY
Sun Country Airlines
SNCY
+$19.9M
3
VLRS
Controladora Vuela Compania de Aviacion
VLRS
+$15.7M
4
HA
Hawaiian Holdings, Inc.
HA
+$11.3M
5
UAL icon
United Airlines
UAL
+$5.9M

Top Sells

Rank Stock Value
1
EXPE icon
Expedia Group
EXPE
+$71.8M
2
CARG icon
CarGurus
CARG
+$33.2M
3
UBER icon
Uber
UBER
+$31.4M
4
TRVG
trivago
TRVG
+$23.2M
5
GDOT icon
Green Dot
GDOT
+$12.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 34.19%
2 Technology 25.89%
3 Industrials 22.74%
4 Financials 16.96%
5 Communication Services 0.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SKYW icon
26
Skywest
SKYW
$4.24B
$12.8M 0.42%
244,441
+6,000
+3% +$270K
HTZ icon
27
Hertz
HTZ
$499M
$11.6M 0.38%
1,112,571
– –
JBLU icon
28
JetBlue
JBLU
$2.28B
$11.1M 0.36%
2,000,000
– –
ULCC icon
29
Frontier Group Holdings
ULCC
$1.55B
$9.59M 0.32%
1,756,100
-243,900
-12% -$1.07M
H icon
30
Hyatt Hotels
H
$16.4B
$7.43M 0.24%
56,961
-65,000
-53% -$7.37M
GBTG icon
31
American Express Global Business Travel
GBTG
$4.93B
$4.97M 0.16%
770,000
+228,149
+42% +$1.3M
GOOGL icon
32
Alphabet (Google) Class A
GOOGL
$4.36T
$4.3M 0.14%
30,500
+4,000
+15% +$537K
WH icon
33
Wyndham Hotels & Resorts
WH
$5.56B
$2.17M 0.07%
27,000
– –
SAVE
34
DELISTED
Spirit Airlines, Inc.
SAVE
$1.64M 0.05%
100,000
– –
EB
35
DELISTED
Eventbrite
EB
$1.18M 0.04%
141,000
-6,000
-4% -$48.5K
WIX icon
36
WIX.com
WIX
$2.3B
$1.11M 0.04%
9,000
+3,500
+64% +$338K
ETSY icon
37
Etsy
ETSY
$7.75B
$1.07M 0.04%
13,250
-125,000
-90% -$8.94M
META icon
38
Meta Platforms (Facebook)
META
$1.42T
$1.06M 0.03%
3,000
-5,800
-66% -$1.89M
DASH icon
39
DoorDash
DASH
$85.5B
$841K 0.03%
+8,500
New +$753K
TCOM icon
40
Trip.com Group
TCOM
$29.6B
$720K 0.02%
20,000
– –
STT icon
41
State Street
STT
$50.6B
$294K 0.01%
+3,800
New +$265K
CHGG icon
42
Chegg
CHGG
$110M
$204K 0.01%
+18,000
New +$171K
CARG icon
43
CarGurus
CARG
$3.27B
– –
-1,892,800
Closed -$33.2M
GDOT icon
44
Green Dot
GDOT
$743M
– –
-900,000
Closed -$12.5M
JPM icon
45
JPMorgan Chase
JPM
$935B
– –
-3,000
Closed -$435K
MA icon
46
Mastercard
MA
$502B
– –
-1,000
Closed -$396K
MAR icon
47
Marriott International
MAR
$98.3B
– –
-22,800
Closed -$4.48M
SOFI icon
48
SoFi Technologies
SOFI
$21B
– –
-750,000
Closed -$5.99M
TRVG
49
trivago
TRVG
$373M
– –
-4,417,165
Closed -$23.2M
Z icon
50
Zillow
Z
$7.79B
– –
-18,000
Closed -$831K
1
2
3

Similar funds

LNC
Lincoln National Corp Radnor, Pennsylvania $3.45B AUM 12.55% 1-Year Est. Return
RBA
Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return
DAM
Davis Asset Management Sausalito, California $3.46B AUM 9.77% 1-Year Est. Return
PWP
Perfromance Wealth Partners Hinsdale, Illinois $3.45B AUM 29.14% 1-Year Est. Return
OTPPB
Ontario Teachers' Pension Plan Board Toronto, Ontario, Canada $3.46B AUM 7.79% 1-Year Est. Return
JGC
J. Goldman & Co New York $3.44B AUM 33.8% 1-Year Est. Return
CIA
Caledonia Investments (Australia) Sydney NSW, Australia $3.44B AUM 20.03% 1-Year Est. Return
CCM
Check Capital Management Costa Mesa, California $3.44B AUM 9.15% 1-Year Est. Return

PAR Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, PAR Capital Management held 51 positions worth $3.04B, up 14% from $2.67B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

PAR Capital Management withdrew a net $136M in Q4 2023, closing 9 positions and reducing 12 holdings. Its most notable exit was CarGurus, an estimated $33.2M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, down from 35% a quarter earlier, followed by Technology and Industrials.

Against the trend, PAR Capital Management opened a new position in Hawaiian Holdings, Inc. worth $21.6M.

  • PAR Capital Management's largest Q4 2023 buy was Hawaiian Holdings, Inc.: 1,520,000 shares worth $21.6M.
  • PAR Capital Management added most to Avis in Q4 2023, an estimated $21.4M increase.
  • PAR Capital Management's biggest Q4 2023 reduction was Expedia Group, cutting an estimated $71.8M.
  • PAR Capital Management fully exited CarGurus in Q4 2023, selling an estimated $33.2M.
  • PAR Capital Management's ten largest holdings make up 81% of its $3.04B portfolio in Q4 2023.
  • PAR Capital Management opened 4 new positions and closed 9 in Q4 2023.
  • PAR Capital Management's portfolio value rose 14% quarter-over-quarter to $3.04B.

Based on PAR Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.