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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
+9.68%
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
$3.22B
AUM Growth
+$171M
Cap. Flow
-$58.7M
Cap. Flow %
-1.82%
Top 10 Hldgs %
81.79%
Holding
55
New
13
Increased
11
Reduced
11
Closed
6

Top Buys

Rank Stock Value
1
UAL icon
United Airlines
UAL
+$100M
2
CARG icon
CarGurus
CARG
+$34.4M
3
HA
Hawaiian Holdings, Inc.
HA
+$17.7M
4
ETSY icon
Etsy
ETSY
+$8.97M
5
CVNA icon
Carvana
CVNA
+$6.35M

Top Sells

Rank Stock Value
1
TRIP icon
TripAdvisor
TRIP
+$103M
2
UBER icon
Uber
UBER
+$77.5M
3
AXP icon
American Express
AXP
+$65.6M
4
CAR icon
Avis
CAR
+$7.03M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$4.3M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.26%
2 Technology 26.79%
3 Industrials 26.15%
4 Financials 15.49%
5 Communication Services 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ULCC icon
26
Frontier Group Holdings
ULCC
$1.55B
$14.2M 0.44%
1,756,100
– –
TRIP icon
27
TripAdvisor
TRIP
$1.65B
$13.1M 0.41%
470,000
-4,230,000
-90% -$103M
SABR icon
28
Sabre
SABR
$731M
$12.1M 0.38%
5,000,000
– –
ETSY icon
29
Etsy
ETSY
$7.75B
$9.5M 0.3%
138,250
+125,000
+943% +$8.97M
H icon
30
Hyatt Hotels
H
$16.4B
$9.09M 0.28%
56,961
– –
HTZ icon
31
Hertz
HTZ
$499M
$7.83M 0.24%
1,000,571
-112,000
-10% -$917K
GOOG icon
32
Alphabet (Google) Class C
GOOG
$4.36T
$5.56M 0.17%
+36,500
New +$5.27M
GBTG icon
33
American Express Global Business Travel
GBTG
$4.93B
$4.49M 0.14%
746,730
-23,270
-3% -$136K
TRVG
34
trivago
TRVG
$373M
$4.01M 0.12%
+1,448,862
New +$3.67M
TSLA icon
35
Tesla
TSLA
$1.23T
$3.96M 0.12%
+22,500
New +$4.4M
VCSA
36
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
$3.58M 0.11%
+525,000
New +$4.28M
CART icon
37
Maplebear
CART
$10.5B
$2.8M 0.09%
+75,000
New +$2.19M
WH icon
38
Wyndham Hotels & Resorts
WH
$5.56B
$2.07M 0.06%
27,000
– –
TCOM icon
39
Trip.com Group
TCOM
$29.6B
$878K 0.03%
20,000
– –
SQSP
40
DELISTED
Squarespace, Inc.
SQSP
$820K 0.03%
+22,500
New +$731K
LYFT icon
41
Lyft
LYFT
$6.02B
$784K 0.02%
+40,500
New +$621K
CFG icon
42
Citizens Financial Group
CFG
$30.3B
$726K 0.02%
+20,000
New +$656K
WFC icon
43
Wells Fargo
WFC
$261B
$580K 0.02%
+10,000
New +$523K
DASH icon
44
DoorDash
DASH
$85.5B
$551K 0.02%
4,000
-4,500
-53% -$530K
SAVE
45
DELISTED
Spirit Airlines, Inc.
SAVE
$484K 0.02%
100,000
– –
CCL icon
46
Carnival Corporation Ltd
CCL
$38.1B
$196K 0.01%
+12,000
New +$195K
EB
47
DELISTED
Eventbrite
EB
$170K 0.01%
31,000
-110,000
-78% -$798K
LYFT icon
48
PUT
Lyft
LYFT
$6.02B
$25.9K ﹤0.01%
+40,500
New +$621K
TCOM icon
49
PUT
Trip.com Group
TCOM
$29.6B
$3K ﹤0.01%
+20,000
New +$813K
AXP icon
50
American Express
AXP
$227B
– –
-350,000
Closed -$65.6M
1
2
3

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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 Q1 2024 Portfolio in Review

As of Q1 2024, PAR Capital Management held 55 positions worth $3.22B, up 5.6% from $3.04B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

PAR Capital Management's Q1 2024 filing shows 13 new, 11 increased, 11 reduced and 6 closed positions. Its largest new stake was CarGurus: 1,485,000 shares worth $34.3M. The largest sale was TripAdvisor, an estimated $103M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, down from 34% a quarter earlier, followed by Technology and Industrials.

  • PAR Capital Management's largest Q1 2024 buy was CarGurus: 1,485,000 shares worth $34.3M.
  • PAR Capital Management added most to United Airlines in Q1 2024, an estimated $100M increase.
  • PAR Capital Management's biggest Q1 2024 reduction was TripAdvisor, cutting an estimated $103M.
  • PAR Capital Management fully exited American Express in Q1 2024, selling an estimated $65.6M.
  • PAR Capital Management's ten largest holdings make up 82% of its $3.22B portfolio in Q1 2024.
  • PAR Capital Management opened 13 new positions and closed 6 in Q1 2024.
  • PAR Capital Management's portfolio value rose 5.6% quarter-over-quarter to $3.22B.

Based on PAR Capital Management's 13F filing for Q1 2024, filed 15 May 2024.