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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
+9.38%
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
$5.97B
AUM Growth
+$581M
Cap. Flow
+$76.5M
Cap. Flow %
1.28%
Top 10 Hldgs %
78.63%
Holding
55
New
6
Increased
14
Reduced
8
Closed
3

Top Buys

Rank Stock Value
1
EXPE icon
Expedia Group
EXPE
+$190M
2
DVA icon
DaVita
DVA
+$62.2M
3
TRVG
trivago
TRVG
+$29.5M
4
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
+$23.8M
5
SYF icon
Synchrony
SYF
+$8.47M

Top Sells

Rank Stock Value
1
DAL icon
Delta Air Lines
DAL
+$122M
2
UAL icon
United Airlines
UAL
+$47M
3
CZR
Caesars Entertainment Corporation
CZR
+$31.3M
4
ENT
Global Eagle Entertainment Inc.
ENT
+$20.6M
5
SGI
Somnigroup International
SGI
+$17.1M

Sector Composition

Rank Sector Weight
1 Industrials 44.01%
2 Consumer Discretionary 35.45%
3 Communication Services 7.73%
4 Financials 4.32%
5 Healthcare 4.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZIXI
51
DELISTED
Zix Corporation
ZIXI
$654K 0.01%
71,900
– –
FLEX icon
52
Flex
FLEX
$37.7B
$95K ﹤0.01%
13,151
– –
CI icon
53
Cigna
CI
$78.4B
– –
-70,000
Closed -$11.3M
ENT
54
DELISTED
Global Eagle Entertainment Inc.
ENT
– –
-1,159,243
Closed -$20.6M
CZR
55
DELISTED
Caesars Entertainment Corporation
CZR
– –
-3,603,967
Closed -$31.3M
1 2
3

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RBA
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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
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CCM
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PAR Capital Management's Q2 2019 Portfolio in Review

As of Q2 2019, PAR Capital Management held 55 positions worth $5.97B, up 11% from $5.39B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

PAR Capital Management's Q2 2019 filing shows 6 new, 14 increased, 8 reduced and 3 closed positions. Its largest new stake was Just Eat Takeaway.com N.V. American Depositary Shares: 175,000 shares worth $27.3M. The largest sale was Delta Air Lines, an estimated $122M.

By sector, the portfolio is most concentrated in Industrials at 44% of assets, down from 47% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • PAR Capital Management's largest Q2 2019 buy was Just Eat Takeaway.com N.V. American Depositary Shares: 175,000 shares worth $27.3M.
  • PAR Capital Management added most to Expedia Group in Q2 2019, an estimated $190M increase.
  • PAR Capital Management's biggest Q2 2019 reduction was Delta Air Lines, cutting an estimated $122M.
  • PAR Capital Management fully exited Caesars Entertainment Corporation in Q2 2019, selling an estimated $31.3M.
  • PAR Capital Management's ten largest holdings make up 79% of its $5.97B portfolio in Q2 2019.
  • PAR Capital Management opened 6 new positions and closed 3 in Q2 2019.
  • PAR Capital Management's portfolio value rose 11% quarter-over-quarter to $5.97B.

Based on PAR Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.