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PAR Capital Management Portfolio holdings

AUM $4.03B
1-Year Est. Return 35.05%
This Fund
S&P 500
This Quarter Est. Return
-13.18%
1 Year Est. Return
+35.05%
3 Year Est. Return
+138.5%
5 Year Est. Return
+113.35%
10 Year Est. Return
+497.77%
AUM
$3.45B
AUM Growth
-$332M
Cap. Flow
+$200M
Cap. Flow %
5.8%
Top 10 Hldgs %
82.72%
Holding
59
New
6
Increased
16
Reduced
14
Closed
11

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$211M
2
BKNG icon
Booking.com
BKNG
+$83.2M
3
V icon
Visa
V
+$25.4M
4
TRIP icon
TripAdvisor
TRIP
+$22M
5
ALGT icon
Allegiant Air
ALGT
+$20.4M

Top Sells

Rank Stock Value
1
SCHW
Charles Schwab
SCHW
+$64.6M
2
WBS
Webster Financial
WBS
+$48.3M
3
AERO
Grupo Aeromexico SAB de CV
AERO
+$30.4M
4
CARS icon
Cars.com
CARS
+$25.1M
5
MAR icon
Marriott International
MAR
+$14.8M

Sector Composition

Rank Sector Weight
1 Industrials 34.91%
2 Consumer Discretionary 28%
3 Technology 19.46%
4 Financials 16.57%
5 Communication Services 0.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAL icon
26
American Airlines Group
AAL
$9.03B
$13.4M 0.39%
1,250,000
– –
TRVG
27
trivago
TRVG
$423M
$11.4M 0.33%
4,193,114
+222,308
+6% +$637K
GOOG icon
28
Alphabet (Google) Class C
GOOG
$4.19T
$10.2M 0.3%
35,600
-1,100
-3% -$346K
GOOG icon
29
PUT
Alphabet (Google) Class C
GOOG
$4.19T
$9.64M 0.28%
33,600
– –
GBTG icon
30
American Express Global Business Travel
GBTG
$4.95B
$9.41M 0.27%
1,686,634
+803,390
+91% +$4.99M
RJET
31
Republic Airways Holdings
RJET
$861M
$9.06M 0.26%
506,844
+329,543
+186% +$6.15M
LTM
32
LATAM Airlines Group S.A.
LTM
$14.5B
$8.16M 0.24%
165,000
– –
ULCC icon
33
Frontier Group Holdings
ULCC
$1.34B
$7.52M 0.22%
2,131,100
-25,000
-1% -$114K
HTZ icon
34
Hertz
HTZ
$763M
$6.45M 0.19%
1,400,000
– –
WBS
35
DELISTED
Webster Financial
WBS
$3.47M 0.1%
50,000
-705,500
-93% -$48.3M
CARS icon
36
Cars.com
CARS
$639M
$2M 0.06%
246,299
-2,451,349
-91% -$25.1M
DAL icon
37
PUT
Delta Air Lines
DAL
$52.7B
$1.2M 0.03%
18,000
– –
C icon
38
Citigroup
C
$223B
$1.13M 0.03%
10,000
– –
C icon
39
PUT
Citigroup
C
$223B
$1.13M 0.03%
10,000
– –
CFG icon
40
Citizens Financial Group
CFG
$29.4B
$960K 0.03%
+16,000
New +$983K
CART icon
41
Maplebear
CART
$11.7B
$762K 0.02%
+20,336
New +$771K
TFC icon
42
Truist Financial
TFC
$61.6B
$690K 0.02%
+15,000
New +$741K
TCOM icon
43
Trip.com Group
TCOM
$28.6B
$673K 0.02%
13,523
+9,023
+201% +$526K
PINS icon
44
Pinterest
PINS
$13.1B
$584K 0.02%
+31,825
New +$664K
SNAP icon
45
Snap
SNAP
$9.18B
$509K 0.01%
+110,693
New +$652K
ZM icon
46
Zoom
ZM
$28.7B
$482K 0.01%
6,000
-5,900
-50% -$494K
CARG icon
47
CarGurus
CARG
$3.26B
$353K 0.01%
10,376
-337,722
-97% -$11.1M
NXT icon
48
Nextpower Inc. Common Stock
NXT
$13B
$208K 0.01%
+1,726
New +$191K
AMZN icon
49
Amazon
AMZN
$2.87T
– –
-6,300
Closed -$1.45M
BAC icon
50
Bank of America
BAC
$436B
– –
-18,500
Closed -$1.02M
1
2
3

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PWP
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HA
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WB
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SCTC
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PAR Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, PAR Capital Management held 59 positions worth $3.45B, down 8.8% from $3.78B the previous quarter. Its ten largest holdings account for 83% of the portfolio.

PAR Capital Management deployed $200M of net new capital in Q1 2026, opening 6 new positions and adding to 16 existing holdings. Its largest new stake was Citizens Financial Group: 16,000 shares worth $960K.

By sector, the portfolio is most concentrated in Industrials at 35% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Charles Schwab, an estimated $64.6M trimmed.

  • PAR Capital Management's largest Q1 2026 buy was Citizens Financial Group: 16,000 shares worth $960K.
  • PAR Capital Management added most to Uber in Q1 2026, an estimated $211M increase.
  • PAR Capital Management's biggest Q1 2026 reduction was Charles Schwab, cutting an estimated $64.6M.
  • PAR Capital Management fully exited Grupo Aeromexico SAB de CV in Q1 2026, selling an estimated $30.4M.
  • PAR Capital Management's ten largest holdings make up 83% of its $3.45B portfolio in Q1 2026.
  • PAR Capital Management opened 6 new positions and closed 11 in Q1 2026.
  • PAR Capital Management's portfolio value fell 8.8% quarter-over-quarter to $3.45B.

Based on PAR Capital Management's 13F filing for Q1 2026, filed 15 May 2026.