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
-9.83%
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
$2.99B
AUM Growth
-$399M
Cap. Flow
+$29.7M
Cap. Flow %
0.99%
Top 10 Hldgs %
81.66%
Holding
67
New
7
Increased
24
Reduced
7
Closed
18

Top Buys

Rank Stock Value
1
LUV icon
Southwest Airlines
LUV
+$133M
2
UBER icon
Uber
UBER
+$47.8M
3
LYFT icon
Lyft
LYFT
+$18.9M
4
CVNA icon
Carvana
CVNA
+$16.1M
5
ALK icon
Alaska Air
ALK
+$14.7M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$77.7M
2
DAL icon
Delta Air Lines
DAL
+$52.8M
3
XYZ
Block Inc
XYZ
+$43M
4
AAL icon
American Airlines Group
AAL
+$34.9M
5
CMA
Comerica
CMA
+$30.9M

Sector Composition

Rank Sector Weight
1 Industrials 31.34%
2 Consumer Discretionary 27.29%
3 Technology 23.5%
4 Financials 16.95%
5 Communication Services 0.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JBLU icon
26
JetBlue
JBLU
$2.35B
$12.9M 0.43%
2,672,555
– –
ULCC icon
27
Frontier Group Holdings
ULCC
$1.77B
$9.36M 0.31%
2,156,100
+400,000
+23% +$2.98M
H icon
28
Hyatt Hotels
H
$16.2B
$6.98M 0.23%
56,961
– –
UAL icon
29
PUT
United Airlines
UAL
$41.7B
$6.91M 0.23%
+100,000
New +$9.44M
GBTG icon
30
American Express Global Business Travel
GBTG
$4.93B
$5.42M 0.18%
746,730
– –
HTZ icon
31
Hertz
HTZ
$483M
$3.94M 0.13%
1,000,571
– –
CART icon
32
Maplebear
CART
$10.7B
$3.45M 0.12%
86,500
+2,000
+2% +$88.8K
GOOG icon
33
Alphabet (Google) Class C
GOOG
$4.56T
$3.42M 0.11%
21,900
+300
+1% +$54.9K
WH icon
34
Wyndham Hotels & Resorts
WH
$5.59B
$2.44M 0.08%
27,000
– –
UBER icon
35
PUT
Uber
UBER
$146B
$1.13M 0.04%
+15,500
New +$1.12M
META icon
36
Meta Platforms (Facebook)
META
$1.5T
$790K 0.03%
1,370
+70
+5% +$45.2K
V icon
37
Visa
V
$683B
$750K 0.03%
2,140
+1,500
+234% +$508K
DASH icon
38
DoorDash
DASH
$87.4B
$731K 0.02%
4,000
-500
-11% -$94K
C icon
39
Citigroup
C
$224B
$710K 0.02%
10,000
+2,800
+39% +$214K
BAC icon
40
Bank of America
BAC
$438B
$638K 0.02%
+15,300
New +$682K
SEIC icon
41
SEI Investments
SEIC
$12.5B
$582K 0.02%
7,500
– –
CCL icon
42
Carnival Corporation Ltd
CCL
$39.4B
$531K 0.02%
27,200
+3,700
+16% +$88K
GRAB icon
43
Grab
GRAB
$15B
$530K 0.02%
117,000
-3,000
-3% -$14K
AMZN icon
44
Amazon
AMZN
$3.06T
$495K 0.02%
+2,600
New +$564K
CCL icon
45
PUT
Carnival Corporation Ltd
CCL
$39.4B
$459K 0.02%
+23,500
New +$559K
FLEX icon
46
Flex
FLEX
$43B
$328K 0.01%
+9,910
New +$388K
MA icon
47
Mastercard
MA
$500B
$274K 0.01%
500
+100
+25% +$54.4K
HLT icon
48
Hilton Worldwide
HLT
$70.7B
$216K 0.01%
+950
New +$237K
EB
49
DELISTED
Eventbrite
EB
$112K ﹤0.01%
53,000
-5,000
-9% -$15K
AAL icon
50
American Airlines Group
AAL
$10.6B
– –
-2,000,000
Closed -$34.9M
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
MSC
MUFG Securities (Canada) New York $3.48B AUM 45.13% 1-Year Est. Return

PAR Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, PAR Capital Management held 67 positions worth $2.99B, down 12% from $3.39B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

PAR Capital Management's Q1 2025 filing shows 7 new, 24 increased, 7 reduced and 18 closed positions. Its largest new stake was Bank of America: 15,300 shares worth $638K. The largest sale was Tesla, an estimated $77.7M.

By sector, the portfolio is most concentrated in Industrials at 31% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Technology.

  • PAR Capital Management's largest Q1 2025 buy was Bank of America: 15,300 shares worth $638K.
  • PAR Capital Management added most to Southwest Airlines in Q1 2025, an estimated $133M increase.
  • PAR Capital Management's biggest Q1 2025 reduction was Delta Air Lines, cutting an estimated $52.8M.
  • PAR Capital Management fully exited Tesla in Q1 2025, selling an estimated $77.7M.
  • PAR Capital Management's ten largest holdings make up 82% of its $2.99B portfolio in Q1 2025.
  • PAR Capital Management opened 7 new positions and closed 18 in Q1 2025.
  • PAR Capital Management's portfolio value fell 12% quarter-over-quarter to $2.99B.

Based on PAR Capital Management's 13F filing for Q1 2025, filed 15 May 2025.