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PAR Capital Management Portfolio holdings

AUM $4.03B
1-Year Est. Return 35.05%
This Fund
S&P 500
This Quarter Est. Return
-38.97%
1 Year Est. Return
+35.05%
3 Year Est. Return
+138.5%
5 Year Est. Return
+113.35%
10 Year Est. Return
+497.77%
AUM
$2.36B
AUM Growth
-$2.78B
Cap. Flow
-$765M
Cap. Flow %
-32.49%
Top 10 Hldgs %
76.82%
Holding
57
New
14
Increased
11
Reduced
13
Closed
7

Top Buys

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$287M
2
SYF icon
Synchrony
SYF
+$64.3M
3
SAVE
Spirit Airlines, Inc.
SAVE
+$36.3M
4
SCHW
Charles Schwab
SCHW
+$29.4M
5
GLPI icon
Gaming and Leisure Properties
GLPI
+$20.8M

Top Sells

Rank Stock Value
1
UAL icon
United Airlines
UAL
+$411M
2
EXPE icon
Expedia Group
EXPE
+$379M
3
HTZ
Hertz Global Holdings, Inc.
HTZ
+$122M
4
META icon
Meta Platforms (Facebook)
META
+$73.3M
5
GRPN icon
Groupon
GRPN
+$68.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 39.46%
2 Industrials 27.81%
3 Healthcare 13.79%
4 Financials 8.62%
5 Technology 3.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CAR icon
51
Avis
CAR
$4.3B
– –
-225,000
Closed -$7.25M
CIVI
52
DELISTED
Civitas Resources
CIVI
– –
-601,714
Closed -$14M
HOUS
53
DELISTED
Anywhere Real Estate
HOUS
– –
-350,000
Closed -$3.39M
BRSL
54
Brightstar Lottery PLC
BRSL
$1.97B
– –
-1,361,347
Closed -$20.4M
META icon
55
Meta Platforms (Facebook)
META
$1.7T
– –
-357,300
Closed -$73.3M
QNST icon
56
QuinStreet
QNST
$1.05B
– –
-1,176,100
Closed -$18M
HTZ
57
DELISTED
Hertz Global Holdings, Inc.
HTZ
– –
-9,039,094
Closed -$122M
1 2
3

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KRS
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PWP
Perfromance Wealth Partners Hinsdale, Illinois $4.03B AUM 33.76% 1-Year Est. Return
HA
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VI
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WB
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SCTC
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PAR Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, PAR Capital Management held 57 positions worth $2.36B, down 54% from $5.14B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

PAR Capital Management withdrew a net $765M in Q1 2020, closing 7 positions and reducing 13 holdings. Its most notable exit was Hertz Global Holdings, Inc., an estimated $122M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, up from 31% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, PAR Capital Management opened a new position in Charles Schwab worth $23.5M.

  • PAR Capital Management's largest Q1 2020 buy was Charles Schwab: 700,000 shares worth $23.5M.
  • PAR Capital Management added most to Booking.com in Q1 2020, an estimated $287M increase.
  • PAR Capital Management's biggest Q1 2020 reduction was United Airlines, cutting an estimated $411M.
  • PAR Capital Management fully exited Hertz Global Holdings, Inc. in Q1 2020, selling an estimated $122M.
  • PAR Capital Management's ten largest holdings make up 77% of its $2.36B portfolio in Q1 2020.
  • PAR Capital Management opened 14 new positions and closed 7 in Q1 2020.
  • PAR Capital Management's portfolio value fell 54% quarter-over-quarter to $2.36B.

Based on PAR Capital Management's 13F filing for Q1 2020, filed 15 May 2020.