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
+5.29%
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
$4.34B
AUM Growth
+$6.07M
Cap. Flow
-$153M
Cap. Flow %
-3.53%
Top 10 Hldgs %
56.61%
Holding
77
New
7
Increased
28
Reduced
14
Closed
7

Top Buys

Rank Stock Value
1
CPA icon
Copa Holdings
CPA
+$107M
2
HRI icon
Herc Holdings
HRI
+$45.7M
3
THC icon
Tenet Healthcare
THC
+$41.7M
4
EXPE icon
Expedia Group
EXPE
+$18.2M
5
URI icon
United Rentals
URI
+$12.2M

Top Sells

Rank Stock Value
1
OWW
ORBITZ WORLDWIDE, INC
OWW
+$136M
2
LUV icon
Southwest Airlines
LUV
+$119M
3
SAVE
Spirit Airlines, Inc.
SAVE
+$57.6M
4
ALGT icon
Allegiant Air
ALGT
+$34.9M
5
MGLN
Magellan Health Services, Inc.
MGLN
+$24.2M

Sector Composition

Rank Sector Weight
1 Industrials 44.44%
2 Consumer Discretionary 28.08%
3 Real Estate 3.56%
4 Communication Services 2.86%
5 Financials 1.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRUE
51
DELISTED
TrueCar
TRUE
$10.5M 0.24%
585,791
+414,840
+243% +$7.73M
FCX icon
52
Freeport-McMoran
FCX
$86.2B
$10.2M 0.24%
540,000
– –
WEX icon
53
WEX
WEX
$6.42B
$8.52M 0.2%
79,400
+31,400
+65% +$3.17M
MODV
54
DELISTED
ModivCare
MODV
$8.32M 0.19%
152,718
+83,318
+120% +$3.56M
NFX
55
DELISTED
Newfield Exploration
NFX
$7.11M 0.16%
202,500
+102,500
+103% +$3.11M
SF
56
Stifel
SF
$12.4B
$6.41M 0.15%
258,750
+33,750
+15% +$779K
ANGI icon
57
Angi Inc
ANGI
$247M
$5.87M 0.14%
+100,000
New +$5.9M
FRC
58
DELISTED
First Republic Bank
FRC
$5.71M 0.13%
100,000
+24,000
+32% +$1.31M
GDEN
59
DELISTED
Golden Entertainment
GDEN
$5.64M 0.13%
658,457
– –
ISLE
60
DELISTED
Isle of Capri Casinos Inc
ISLE
$4.59M 0.11%
326,900
-607,939
-65% -$6.98M
RMGN
61
DELISTED
RMG Networks Holding Corporation
RMGN
$4.36M 0.1%
284,261
+6,188
+2% +$31.5K
STT icon
62
State Street
STT
$48.4B
$4.24M 0.1%
57,700
+7,700
+15% +$576K
BHR
63
Braemar Hotels & Resorts
BHR
$163M
$3.79M 0.09%
228,521
– –
WP
64
DELISTED
Worldpay, Inc.
WP
$3.39M 0.08%
90,000
+55,000
+157% +$1.99M
VRTS icon
65
Virtus Investment Partners
VRTS
$1.12B
$2.55M 0.06%
19,500
-500
-3% -$70.6K
QTWO icon
66
Q2 Holdings
QTWO
$3.78B
$2.26M 0.05%
+107,100
New +$2.11M
MMYT icon
67
MakeMyTrip
MMYT
$5.38B
$1.6M 0.04%
+72,954
New +$1.78M
DVD
68
DELISTED
Dover Motorsports
DVD
$1.59M 0.04%
671,931
– –
FMD
69
DELISTED
FIRST MARBLEHEAD CORP COM STK NEW (DE)
FMD
$374K 0.01%
+60,000
New +$350K
FNCX
70
DELISTED
Function(x) Inc.
FNCX
$267K 0.01%
9,348
-59,402
-86% -$2.48M
ALGT icon
71
Allegiant Air
ALGT
$2.57B
– –
-232,299
Closed -$34.9M
CIVI
72
DELISTED
Civitas Resources
CIVI
– –
-832
Closed -$2.23M
JPM icon
73
JPMorgan Chase
JPM
$916B
– –
-20,000
Closed -$1.25M
LVS icon
74
Las Vegas Sands
LVS
$31.4B
– –
-150,000
Closed -$8.72M
MGLN
75
DELISTED
Magellan Health Services, Inc.
MGLN
– –
-402,900
Closed -$24.2M
1 2
3
4

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
CCM
Check Capital Management Costa Mesa, California $3.44B AUM 9.15% 1-Year Est. Return

PAR Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, PAR Capital Management held 77 positions worth $4.34B, up 0.14% from $4.33B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

PAR Capital Management withdrew a net $153M in Q1 2015, closing 7 positions and reducing 14 holdings. Its most notable exit was ORBITZ WORLDWIDE, INC, an estimated $136M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 44% of assets, down from 46% a quarter earlier, followed by Consumer Discretionary and Real Estate.

Against the trend, PAR Capital Management opened a new position in Herc Holdings worth $44.5M.

  • PAR Capital Management's largest Q1 2015 buy was Herc Holdings: 683,733 shares worth $44.5M.
  • PAR Capital Management added most to Copa Holdings in Q1 2015, an estimated $107M increase.
  • PAR Capital Management's biggest Q1 2015 reduction was Southwest Airlines, cutting an estimated $119M.
  • PAR Capital Management fully exited ORBITZ WORLDWIDE, INC in Q1 2015, selling an estimated $136M.
  • PAR Capital Management's ten largest holdings make up 57% of its $4.34B portfolio in Q1 2015.
  • PAR Capital Management opened 7 new positions and closed 7 in Q1 2015.
  • PAR Capital Management's portfolio value rose 0.14% quarter-over-quarter to $4.34B.

Based on PAR Capital Management's 13F filing for Q1 2015, filed 15 May 2015.