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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
-2.26%
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
$3.18B
AUM Growth
-$39.5M
Cap. Flow
+$99.3M
Cap. Flow %
3.13%
Top 10 Hldgs %
81.54%
Holding
54
New
5
Increased
13
Reduced
8
Closed
4

Top Buys

Rank Stock Value
1
EXPE icon
Expedia Group
EXPE
+$30.7M
2
TSLA icon
Tesla
TSLA
+$29.7M
3
CARG icon
CarGurus
CARG
+$18.1M
4
ALGT icon
Allegiant Air
ALGT
+$11.3M
5
WBS icon
Webster Financial
WBS
+$8.91M

Top Sells

Rank Stock Value
1
TRIP icon
TripAdvisor
TRIP
+$8.35M
2
AAL icon
American Airlines Group
AAL
+$6.85M
3
WEX icon
WEX
WEX
+$2.04M
4
VCSA
Vacasa, Inc. Class A Common Stock
VCSA
+$1.14M
5
LUV icon
Southwest Airlines
LUV
+$878K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 35.06%
2 Industrials 24.95%
3 Technology 22.64%
4 Financials 16.95%
5 Communication Services 0.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JBLU icon
26
JetBlue
JBLU
$2.13B
$18.3M 0.58%
2,999,500
– –
SABR icon
27
Sabre
SABR
$716M
$13.3M 0.42%
5,000,000
– –
ULCC icon
28
Frontier Group Holdings
ULCC
$1.49B
$8.66M 0.27%
1,756,100
– –
H icon
29
Hyatt Hotels
H
$17.5B
$8.65M 0.27%
56,961
– –
ETSY icon
30
Etsy
ETSY
$8.12B
$8.15M 0.26%
138,250
– –
GOOG icon
31
Alphabet (Google) Class C
GOOG
$4.11T
$7.1M 0.22%
38,700
+2,200
+6% +$374K
GBTG icon
32
American Express Global Business Travel
GBTG
$4.92B
$4.93M 0.16%
746,730
– –
TRVG
33
trivago
TRVG
$385M
$4.59M 0.14%
2,284,894
+836,032
+58% +$2M
HTZ icon
34
Hertz
HTZ
$527M
$3.53M 0.11%
1,000,571
– –
CART icon
35
Maplebear
CART
$10.7B
$2.41M 0.08%
75,000
– –
WH icon
36
Wyndham Hotels & Resorts
WH
$5.61B
$2M 0.06%
27,000
– –
VCSA
37
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
$1.55M 0.05%
318,405
-206,595
-39% -$1.14M
TRIP icon
38
TripAdvisor
TRIP
$1.7B
$1.51M 0.05%
85,000
-385,000
-82% -$8.35M
TCOM icon
39
Trip.com Group
TCOM
$29B
$940K 0.03%
20,000
– –
LYFT icon
40
Lyft
LYFT
$5.86B
$776K 0.02%
55,000
+14,500
+36% +$235K
C icon
41
Citigroup
C
$213B
$762K 0.02%
+12,000
New +$740K
WFC icon
42
Wells Fargo
WFC
$254B
$594K 0.02%
10,000
– –
META icon
43
Meta Platforms (Facebook)
META
$1.49T
$504K 0.02%
+1,000
New +$486K
V icon
44
Visa
V
$701B
$472K 0.01%
+1,800
New +$493K
DASH icon
45
DoorDash
DASH
$84.3B
$435K 0.01%
4,000
– –
SAVE
46
DELISTED
Spirit Airlines, Inc.
SAVE
$366K 0.01%
100,000
– –
UPWK icon
47
Upwork
UPWK
$1.18B
$323K 0.01%
+30,000
New +$340K
CCL icon
48
Carnival Corporation Ltd
CCL
$38.1B
$225K 0.01%
12,000
– –
EB
49
DELISTED
Eventbrite
EB
$150K ﹤0.01%
31,000
– –
FSLY icon
50
Fastly Inc
FSLY
$3.24B
$140K ﹤0.01%
+19,000
New +$186K
1
2
3

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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 Q2 2024 Portfolio in Review

As of Q2 2024, PAR Capital Management held 54 positions worth $3.18B, down 1.2% from $3.22B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

PAR Capital Management deployed $99.3M of net new capital in Q2 2024, opening 5 new positions and adding to 13 existing holdings. Its largest new stake was Citigroup: 12,000 shares worth $762K.

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

On the sell side, the largest reduction was TripAdvisor, an estimated $8.35M trimmed.

  • PAR Capital Management's largest Q2 2024 buy was Citigroup: 12,000 shares worth $762K.
  • PAR Capital Management added most to Expedia Group in Q2 2024, an estimated $30.7M increase.
  • PAR Capital Management's biggest Q2 2024 reduction was TripAdvisor, cutting an estimated $8.35M.
  • PAR Capital Management fully exited Squarespace, Inc. in Q2 2024, selling an estimated $820K.
  • PAR Capital Management's ten largest holdings make up 82% of its $3.18B portfolio in Q2 2024.
  • PAR Capital Management opened 5 new positions and closed 4 in Q2 2024.
  • PAR Capital Management's portfolio value fell 1.2% quarter-over-quarter to $3.18B.

Based on PAR Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.