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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
+1.08%
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
$8.8B
AUM Growth
-$102M
Cap. Flow
+$55.2M
Cap. Flow %
0.63%
Top 10 Hldgs %
59.06%
Holding
91
New
6
Increased
22
Reduced
12
Closed
9

Top Buys

Rank Stock Value
1
UAL icon
United Airlines
UAL
+$242M
2
MCK icon
McKesson
MCK
+$79.6M
3
RRR icon
Red Rock Resorts
RRR
+$36.6M
4
STMP
Stamps.com, Inc.
STMP
+$25.3M
5
DY icon
Dycom Industries
DY
+$21.1M

Top Sells

Rank Stock Value
1
CI icon
Cigna
CI
+$214M
2
TRVG
trivago
TRVG
+$54.5M
3
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
+$37.2M
4
WMB icon
Williams Companies
WMB
+$31.9M
5
MGM icon
MGM Resorts International
MGM
+$31.6M

Sector Composition

Rank Sector Weight
1 Industrials 42.58%
2 Consumer Discretionary 30.82%
3 Healthcare 12.3%
4 Communication Services 4.04%
5 Real Estate 2.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BMCH
51
DELISTED
BMC Stock Holdings, Inc
BMCH
$20.8M 0.24%
975,200
– –
MODV
52
DELISTED
ModivCare
MODV
$18.9M 0.22%
350,000
– –
RAD
53
DELISTED
Rite Aid Corporation
RAD
$17.6M 0.2%
450,000
– –
GRPN icon
54
Groupon
GRPN
$1.03B
$17.5M 0.2%
168,510
+99,510
+144% +$8.22M
ARLZ
55
DELISTED
Aralez Pharmaceuticals Inc.
ARLZ
$14.7M 0.17%
6,400,000
– –
CIVI
56
DELISTED
Civitas Resources
CIVI
$14.4M 0.16%
436,900
+144,200
+49% +$4.11M
TUES
57
DELISTED
Tuesday Morning Corp
TUES
$14.2M 0.16%
4,438,200
– –
TVTY
58
DELISTED
Tivity Health, Inc. Common Stock
TVTY
$13.9M 0.16%
340,000
– –
AAP icon
59
Advance Auto Parts
AAP
$3.53B
$12.4M 0.14%
+125,000
New +$12.6M
CACQ
60
DELISTED
Caesars Acquisition Company
CACQ
$12M 0.14%
560,719
– –
SEM
61
DELISTED
Select Medical
SEM
$11.8M 0.13%
1,145,538
– –
PGTI
62
DELISTED
PGT, Inc.
PGTI
$11.4M 0.13%
761,394
-400,000
-34% -$5.33M
WBS icon
63
Webster Financial
WBS
$12.3B
$11M 0.13%
210,100
+50,100
+31% +$2.5M
EHTH icon
64
eHealth
EHTH
$41.9M
$10.8M 0.12%
450,858
+375,858
+501% +$7.65M
PFSI icon
65
PennyMac Financial
PFSI
$4.47B
$9.79M 0.11%
550,000
+30,000
+6% +$518K
SYF icon
66
Synchrony
SYF
$24.4B
$9.31M 0.11%
300,000
– –
FRC
67
DELISTED
First Republic Bank
FRC
$8.36M 0.09%
80,000
– –
QTWO icon
68
Q2 Holdings
QTWO
$3.78B
$6.87M 0.08%
165,000
– –
META icon
69
Meta Platforms (Facebook)
META
$1.49T
$6.83M 0.08%
40,000
– –
CVNA icon
70
Carvana
CVNA
$47.5B
$6.03M 0.07%
2,055,000
+1,798,500
+701% +$6.56M
DKS icon
71
Dick's Sporting Goods
DKS
$18.4B
$4.05M 0.05%
+150,000
New +$4.77M
PGEN icon
72
Precigen
PGEN
$1.94B
$3.35M 0.04%
176,410
– –
PAGP icon
73
Plains GP Holdings
PAGP
$5.28B
$2.19M 0.02%
+100,000
New +$2.37M
TCOM icon
74
Trip.com Group
TCOM
$29B
$2.11M 0.02%
40,000
– –
DVD
75
DELISTED
Dover Motorsports
DVD
$1.38M 0.02%
671,931
– –
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 Q3 2017 Portfolio in Review

As of Q3 2017, PAR Capital Management held 91 positions worth $8.8B, down 1.1% from $8.9B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

PAR Capital Management's Q3 2017 filing shows 6 new, 22 increased, 12 reduced and 9 closed positions. Its largest new stake was Advance Auto Parts: 125,000 shares worth $12.4M. The largest sale was Cigna, an estimated $214M.

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

  • PAR Capital Management's largest Q3 2017 buy was Advance Auto Parts: 125,000 shares worth $12.4M.
  • PAR Capital Management added most to United Airlines in Q3 2017, an estimated $242M increase.
  • PAR Capital Management's biggest Q3 2017 reduction was Cigna, cutting an estimated $214M.
  • PAR Capital Management fully exited LendingTree in Q3 2017, selling an estimated $14.2M.
  • PAR Capital Management's ten largest holdings make up 59% of its $8.8B portfolio in Q3 2017.
  • PAR Capital Management opened 6 new positions and closed 9 in Q3 2017.
  • PAR Capital Management's portfolio value fell 1.1% quarter-over-quarter to $8.8B.

Based on PAR Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.