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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
+13.14%
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
$8.9B
AUM Growth
+$676M
Cap. Flow
-$187M
Cap. Flow %
-2.11%
Top 10 Hldgs %
61.06%
Holding
91
New
14
Increased
20
Reduced
12
Closed
6

Top Buys

Rank Stock Value
1
DAL icon
Delta Air Lines
DAL
+$98M
2
MCK icon
McKesson
MCK
+$88.9M
3
CZR icon
Caesars Entertainment
CZR
+$69.2M
4
CAR icon
Avis
CAR
+$49.4M
5
BRSL
Brightstar Lottery PLC
BRSL
+$40.7M

Top Sells

Rank Stock Value
1
ALK icon
Alaska Air
ALK
+$176M
2
CI icon
Cigna
CI
+$120M
3
ISLE
Isle of Capri Casinos Inc
ISLE
+$107M
4
MGM icon
MGM Resorts International
MGM
+$92.7M
5
TRIP icon
TripAdvisor
TRIP
+$85.3M

Sector Composition

Rank Sector Weight
1 Industrials 41.92%
2 Consumer Discretionary 28.73%
3 Healthcare 13.81%
4 Communication Services 5.91%
5 Real Estate 2.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLY icon
51
O'Reilly Automotive
ORLY
$75.1B
$16.4M 0.18%
+1,125,000
New +$18.4M
PGTI
52
DELISTED
PGT, Inc.
PGTI
$14.9M 0.17%
1,161,394
– –
TREE icon
53
LendingTree
TREE
$551M
$14.2M 0.16%
82,469
– –
TVTY
54
DELISTED
Tivity Health, Inc. Common Stock
TVTY
$13.5M 0.15%
+340,000
New +$11.4M
THC icon
55
Tenet Healthcare
THC
$22.2B
$11.6M 0.13%
600,000
+50,000
+9% +$872K
APC
56
DELISTED
Anadarko Petroleum
APC
$11.6M 0.13%
+255,000
New +$13.5M
CACQ
57
DELISTED
Caesars Acquisition Company
CACQ
$10.7M 0.12%
+560,719
New +$9.94M
STMP
58
DELISTED
Stamps.com, Inc.
STMP
$10.2M 0.11%
+65,717
New +$8.27M
SEM
59
DELISTED
Select Medical
SEM
$9.47M 0.11%
1,145,538
+167,318
+17% +$1.26M
CIVI
60
DELISTED
Civitas Resources
CIVI
$9.28M 0.1%
+292,700
New +$16M
SYF icon
61
Synchrony
SYF
$24.4B
$8.95M 0.1%
+300,000
New +$8.89M
PFSI icon
62
PennyMac Financial
PFSI
$4.47B
$8.68M 0.1%
520,000
+25,000
+5% +$413K
ARLZ
63
DELISTED
Aralez Pharmaceuticals Inc.
ARLZ
$8.64M 0.1%
6,400,000
– –
TUES
64
DELISTED
Tuesday Morning Corp
TUES
$8.43M 0.09%
4,438,200
+100,086
+2% +$245K
WBS icon
65
Webster Financial
WBS
$12.3B
$8.36M 0.09%
160,000
– –
FRC
66
DELISTED
First Republic Bank
FRC
$8.01M 0.09%
80,000
– –
QTWO icon
67
Q2 Holdings
QTWO
$3.78B
$6.1M 0.07%
165,000
– –
META icon
68
Meta Platforms (Facebook)
META
$1.49T
$6.04M 0.07%
40,000
– –
GRPN icon
69
Groupon
GRPN
$1.03B
$5.3M 0.06%
+69,000
New +$4.78M
PGEN icon
70
Precigen
PGEN
$1.94B
$4.25M 0.05%
176,410
– –
OLLI icon
71
Ollie's Bargain Outlet
OLLI
$4.31B
$3.27M 0.04%
76,665
-332,600
-81% -$13M
RATE
72
DELISTED
Bankrate Inc
RATE
$2.68M 0.03%
208,794
– –
TCOM icon
73
Trip.com Group
TCOM
$29B
$2.15M 0.02%
40,000
– –
DVD
74
DELISTED
Dover Motorsports
DVD
$1.41M 0.02%
671,931
– –
EHTH icon
75
eHealth
EHTH
$41.9M
$1.41M 0.02%
+75,000
New +$1.2M
1 2
3
4

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OTPPB
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JGC
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CIA
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CCM
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PAR Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, PAR Capital Management held 91 positions worth $8.9B, up 8.2% from $8.23B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

PAR Capital Management's Q2 2017 filing shows 14 new, 20 increased, 12 reduced and 6 closed positions. Its largest new stake was O'Reilly Automotive: 1,125,000 shares worth $16.4M. The largest sale was Alaska Air, an estimated $176M.

By sector, the portfolio is most concentrated in Industrials at 42% of assets, down from 43% a quarter earlier, followed by Consumer Discretionary and Healthcare.

  • PAR Capital Management's largest Q2 2017 buy was O'Reilly Automotive: 1,125,000 shares worth $16.4M.
  • PAR Capital Management added most to Delta Air Lines in Q2 2017, an estimated $98M increase.
  • PAR Capital Management's biggest Q2 2017 reduction was Alaska Air, cutting an estimated $176M.
  • PAR Capital Management fully exited Isle of Capri Casinos Inc in Q2 2017, selling an estimated $107M.
  • PAR Capital Management's ten largest holdings make up 61% of its $8.9B portfolio in Q2 2017.
  • PAR Capital Management opened 14 new positions and closed 6 in Q2 2017.
  • PAR Capital Management's portfolio value rose 8.2% quarter-over-quarter to $8.9B.

Based on PAR Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.