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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
+11.74%
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
$6.92B
AUM Growth
+$899M
Cap. Flow
+$307M
Cap. Flow %
4.44%
Top 10 Hldgs %
56.74%
Holding
91
New
10
Increased
24
Reduced
12
Closed
6

Top Buys

Rank Stock Value
1
EXPE icon
Expedia Group
EXPE
+$62.6M
2
JBLU icon
JetBlue
JBLU
+$52.9M
3
DOV icon
Dover
DOV
+$48.1M
4
DY icon
Dycom Industries
DY
+$41M
5
ISLE
Isle of Capri Casinos Inc
ISLE
+$31M

Top Sells

Rank Stock Value
1
WCG
Wellcare Health Plans, Inc.
WCG
+$55.9M
2
BRSL
Brightstar Lottery PLC
BRSL
+$12.4M
3
GLPI icon
Gaming and Leisure Properties
GLPI
+$10.2M
4
LNW
Light & Wonder
LNW
+$9.57M
5
PENN icon
PENN Entertainment
PENN
+$6.02M

Sector Composition

Rank Sector Weight
1 Industrials 39.16%
2 Consumer Discretionary 31.26%
3 Healthcare 11.56%
4 Communication Services 3.44%
5 Real Estate 2.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TUES
51
DELISTED
Tuesday Morning Corp
TUES
$13.7M 0.2%
2,288,000
+452,483
+25% +$3.21M
BMCH
52
DELISTED
BMC Stock Holdings, Inc
BMCH
$13.5M 0.19%
760,000
– –
SF
53
Stifel
SF
$12.4B
$13.5M 0.19%
787,500
+56,250
+8% +$904K
OLLI icon
54
Ollie's Bargain Outlet
OLLI
$4.31B
$13.2M 0.19%
503,313
+50,000
+11% +$1.3M
RRR icon
55
Red Rock Resorts
RRR
$3.84B
$12.6M 0.18%
+535,000
New +$12M
PGTI
56
DELISTED
PGT, Inc.
PGTI
$12.2M 0.18%
1,146,172
– –
MODV
57
DELISTED
ModivCare
MODV
$12.2M 0.18%
250,066
+100,000
+67% +$4.69M
APC
58
DELISTED
Anadarko Petroleum
APC
$11.9M 0.17%
187,444
– –
W icon
59
Wayfair
W
$11.8B
$11.8M 0.17%
+300,000
New +$12.1M
SEMG
60
DELISTED
SEMGROUP CORPORATION
SEMG
$11.6M 0.17%
+327,500
New +$10.4M
ITG
61
DELISTED
Investment Technology Group Inc
ITG
$11.1M 0.16%
650,000
-135,000
-17% -$2.23M
NFX
62
DELISTED
Newfield Exploration
NFX
$8.8M 0.13%
202,500
– –
CMA
63
DELISTED
Comerica
CMA
$8.3M 0.12%
175,400
– –
ICE icon
64
Intercontinental Exchange
ICE
$87.2B
$8.08M 0.12%
150,000
– –
PFSI icon
65
PennyMac Financial
PFSI
$4.47B
$7.75M 0.11%
455,700
+25,700
+6% +$390K
CSX icon
66
CSX Corp
CSX
$94B
$7.63M 0.11%
750,000
+300,000
+67% +$2.84M
XHR
67
Xenia Hotels & Resorts
XHR
$2.01B
$7.2M 0.1%
474,211
– –
FRC
68
DELISTED
First Republic Bank
FRC
$6.17M 0.09%
80,000
– –
WBS icon
69
Webster Financial
WBS
$12.3B
$6.08M 0.09%
160,000
– –
H icon
70
PUT
Hyatt Hotels
H
$17.5B
$4.92M 0.07%
+100,000
New +$5.15M
UNP icon
71
Union Pacific
UNP
$174B
$4.88M 0.07%
50,000
-50,000
-50% -$4.68M
QTWO icon
72
Q2 Holdings
QTWO
$3.78B
$4.73M 0.07%
165,000
– –
PIR
73
DELISTED
Pier 1 Imports, Inc.
PIR
$4.24M 0.06%
+50,000
New +$4.71M
PNK
74
DELISTED
Pinnacle Entertainment Inc.
PNK
$3.87M 0.06%
313,428
– –
ETFC
75
DELISTED
E*Trade Financial Corporation
ETFC
$3.06M 0.04%
+105,000
New +$2.71M
1 2
3
4

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RBA
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DAM
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PWP
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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 Q3 2016 Portfolio in Review

As of Q3 2016, PAR Capital Management held 91 positions worth $6.92B, up 15% from $6.03B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

PAR Capital Management deployed $307M of net new capital in Q3 2016, opening 10 new positions and adding to 24 existing holdings. Its largest new stake was Dover: 831,851 shares worth $1.66M.

By sector, the portfolio is most concentrated in Industrials at 39% of assets, up from 38% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was Wellcare Health Plans, Inc., an estimated $55.9M trimmed.

  • PAR Capital Management's largest Q3 2016 buy was Dover: 831,851 shares worth $1.66M.
  • PAR Capital Management added most to Expedia Group in Q3 2016, an estimated $62.6M increase.
  • PAR Capital Management's biggest Q3 2016 reduction was Wellcare Health Plans, Inc., cutting an estimated $55.9M.
  • PAR Capital Management fully exited Party City Holdco Inc. in Q3 2016, selling an estimated $5.15M.
  • PAR Capital Management's ten largest holdings make up 57% of its $6.92B portfolio in Q3 2016.
  • PAR Capital Management opened 10 new positions and closed 6 in Q3 2016.
  • PAR Capital Management's portfolio value rose 15% quarter-over-quarter to $6.92B.

Based on PAR Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.