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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
-3.67%
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
$4.17B
AUM Growth
+$85M
Cap. Flow
+$251M
Cap. Flow %
6.02%
Top 10 Hldgs %
69.54%
Holding
63
New
2
Increased
11
Reduced
10
Closed
2

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$206M
2
BKNG icon
Booking.com
BKNG
+$66.7M
3
WEX icon
WEX
WEX
+$45.6M
4
GRPN icon
Groupon
GRPN
+$41.8M
5
EXPE icon
Expedia Group
EXPE
+$33.2M

Top Sells

Rank Stock Value
1
UAL icon
United Airlines
UAL
+$29.9M
2
ALGT icon
Allegiant Air
ALGT
+$27M
3
SABR icon
Sabre
SABR
+$19.8M
4
ALK icon
Alaska Air
ALK
+$16.9M
5
DAL icon
Delta Air Lines
DAL
+$15.7M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 41.82%
2 Industrials 20.35%
3 Financials 19.1%
4 Technology 14.85%
5 Communication Services 3.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WPCB.WS
51
DELISTED
Warburg Pincus Capital Corporation I-B Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
WPCB.WS
$140K ﹤0.01%
150,000
– –
WPCA.WS
52
DELISTED
Warburg Pincus Capital Corporation I-A Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
WPCA.WS
$105K ﹤0.01%
100,000
– –
VGII.WS
53
DELISTED
Virgin Group Acquisition Corp. II Redeemable Warrants, each whole warrant exercisable for one Class
VGII.WS
$69K ﹤0.01%
80,000
– –
ASZ.WS
54
DELISTED
Austerlitz Acquisition Corporation II Warrants, each whole Warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
ASZ.WS
$42K ﹤0.01%
25,000
– –
DMYQ.WS
55
DELISTED
dMY Technology Group, Inc. IV Redeemable warrants, each whole warrant exercisable for one share of C
DMYQ.WS
$38K ﹤0.01%
20,000
– –
ATAQ.WS
56
DELISTED
Altimar Acquisition Corp III Warrants
ATAQ.WS
$26K ﹤0.01%
25,000
– –
AUS.WS
57
DELISTED
Austerlitz Acquisition Corporation I Warrants, each whole Warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
AUS.WS
$26K ﹤0.01%
25,000
– –
FSNB.WS
58
DELISTED
Fusion Acquisition Corp. II Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share
FSNB.WS
$22K ﹤0.01%
33,333
– –
FRSGW
59
DELISTED
First Reserve Sustainable Growth Corp. Warrant
FRSGW
$21K ﹤0.01%
25,000
– –
OHPAW
60
DELISTED
Orion Acquisition Corp. Warrant
OHPAW
$16K ﹤0.01%
25,000
– –
RXRAW
61
DELISTED
RXR Acquisition Corp. Warrants to purchase Class A common stock
RXRAW
$15K ﹤0.01%
20,000
– –
PCYO icon
62
Pure Cycle
PCYO
$258M
– –
-31,000
Closed -$428K
TRIP icon
63
PUT
TripAdvisor
TRIP
$1.66B
– –
-1,535,000
Closed -$61.9M
1 2
3

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PWP
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OTPPB
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PAR Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, PAR Capital Management held 63 positions worth $4.17B, up 2.1% from $4.08B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

PAR Capital Management deployed $251M of net new capital in Q3 2021, opening 2 new positions and adding to 11 existing holdings. Its largest new stake was Concord Acquisition Corp.: 100,000 shares worth $1.01M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, up from 41% a quarter earlier, followed by Industrials and Financials.

On the sell side, the largest reduction was United Airlines, an estimated $29.9M trimmed.

  • PAR Capital Management's largest Q3 2021 buy was Concord Acquisition Corp.: 100,000 shares worth $1.01M.
  • PAR Capital Management added most to Uber in Q3 2021, an estimated $206M increase.
  • PAR Capital Management's biggest Q3 2021 reduction was United Airlines, cutting an estimated $29.9M.
  • PAR Capital Management fully exited Pure Cycle in Q3 2021, selling an estimated $428K.
  • PAR Capital Management's ten largest holdings make up 70% of its $4.17B portfolio in Q3 2021.
  • PAR Capital Management opened 2 new positions and closed 2 in Q3 2021.
  • PAR Capital Management's portfolio value rose 2.1% quarter-over-quarter to $4.17B.

Based on PAR Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.