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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
+3.13%
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
$3.62B
AUM Growth
+$316M
Cap. Flow
+$250M
Cap. Flow %
6.91%
Top 10 Hldgs %
57.3%
Holding
71
New
7
Increased
23
Reduced
6
Closed
7

Top Buys

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$145M
2
EXPE icon
Expedia Group
EXPE
+$48.5M
3
MLCO icon
Melco Resorts & Entertainment
MLCO
+$45.8M
4
AYI icon
Acuity Brands
AYI
+$25.9M
5
CP icon
Canadian Pacific Kansas City
CP
+$24.6M

Top Sells

Rank Stock Value
1
CAR icon
Avis
CAR
+$122M
2
WOLF icon
Wolfspeed
WOLF
+$16.9M
3
ATML
ATMEL CORP
ATML
+$11.1M
4
ELV icon
Elevance Health
ELV
+$9.96M
5
GRPN icon
Groupon
GRPN
+$7.45M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 38.63%
2 Industrials 31.16%
3 Technology 7.6%
4 Real Estate 2.44%
5 Financials 1.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXP icon
51
Eagle Materials
EXP
$6.49B
$7.41M 0.2%
78,600
– –
VRTS icon
52
Virtus Investment Partners
VRTS
$1.12B
$6.88M 0.19%
+32,500
New +$6.13M
GDEN
53
DELISTED
Golden Entertainment
GDEN
$6.2M 0.17%
658,457
– –
FNCX
54
DELISTED
Function(x) Inc.
FNCX
$5.95M 0.16%
+68,750
New +$6.73M
MAS icon
55
Masco
MAS
$14.6B
$5.84M 0.16%
299,180
-25,150
-8% -$474K
EXXI
56
DELISTED
ENERGY XXI LTD COM SHS
EXXI
$5.19M 0.14%
219,800
– –
VLRS
57
Controladora Vuela Compania de Aviacion
VLRS
$869M
$4.91M 0.14%
545,000
+405,000
+289% +$3.2M
BRSL
58
Brightstar Lottery PLC
BRSL
$1.9B
$4.19M 0.12%
+263,100
New +$3.57M
LNW
59
DELISTED
Light & Wonder
LNW
$3.98M 0.11%
+357,832
New +$3.86M
ARMH
60
DELISTED
ARM HOLDINGS PLC ADS
ARMH
$2.51M 0.07%
+55,558
New +$2.58M
RMGN
61
DELISTED
RMG Networks Holding Corporation
RMGN
$2.49M 0.07%
278,073
+28,073
+11% +$304K
DVD
62
DELISTED
Dover Motorsports
DVD
$1.94M 0.05%
671,931
– –
BHR
63
Braemar Hotels & Resorts
BHR
$163M
$1.17M 0.03%
+68,579
New +$1.08M
FMD
64
DELISTED
FIRST MARBLEHEAD CORP COM STK NEW (DE)
FMD
$315K 0.01%
60,000
– –
CAR icon
65
Avis
CAR
$5.47B
– –
-2,502,660
Closed -$122M
ELV icon
66
Elevance Health
ELV
$81.5B
– –
-100,000
Closed -$9.96M
GRPN icon
67
Groupon
GRPN
$1.03B
– –
-47,500
Closed -$7.45M
SHW icon
68
Sherwin-Williams
SHW
$84.8B
– –
-27,000
Closed -$1.77M
NFX
69
DELISTED
Newfield Exploration
NFX
– –
-55,000
Closed -$1.73M
ATML
70
DELISTED
ATMEL CORP
ATML
– –
-1,325,000
Closed -$11.1M
REXX
71
DELISTED
Rex Energy Corporation
REXX
– –
-17,000
Closed -$3.18M
1 2
3

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LNC
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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 Q2 2014 Portfolio in Review

As of Q2 2014, PAR Capital Management held 71 positions worth $3.62B, up 9.5% from $3.31B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

PAR Capital Management deployed $250M of net new capital in Q2 2014, opening 7 new positions and adding to 23 existing holdings. Its largest new stake was Canadian Pacific Kansas City: 750,000 shares worth $27.2M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, up from 32% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Wolfspeed, an estimated $16.9M trimmed.

  • PAR Capital Management's largest Q2 2014 buy was Canadian Pacific Kansas City: 750,000 shares worth $27.2M.
  • PAR Capital Management added most to Booking.com in Q2 2014, an estimated $145M increase.
  • PAR Capital Management's biggest Q2 2014 reduction was Wolfspeed, cutting an estimated $16.9M.
  • PAR Capital Management fully exited Avis in Q2 2014, selling an estimated $122M.
  • PAR Capital Management's ten largest holdings make up 57% of its $3.62B portfolio in Q2 2014.
  • PAR Capital Management opened 7 new positions and closed 7 in Q2 2014.
  • PAR Capital Management's portfolio value rose 9.5% quarter-over-quarter to $3.62B.

Based on PAR Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.