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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
+14.37%
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
$2.87B
AUM Growth
+$155M
Cap. Flow
-$165M
Cap. Flow %
-5.75%
Top 10 Hldgs %
77.54%
Holding
51
New
8
Increased
11
Reduced
14
Closed
6

Top Buys

Rank Stock Value
1
XYZ
Block Inc
XYZ
+$15.6M
2
ETSY icon
Etsy
ETSY
+$12.4M
3
CMA
Comerica
CMA
+$12.1M
4
CAR icon
Avis
CAR
+$6.58M
5
SKYW icon
Skywest
SKYW
+$6.28M

Top Sells

Rank Stock Value
1
UBER icon
Uber
UBER
+$58M
2
SCHW
Charles Schwab
SCHW
+$38.5M
3
CARG icon
CarGurus
CARG
+$35.9M
4
FRC
First Republic Bank
FRC
+$21.7M
5
LUV icon
Southwest Airlines
LUV
+$17.8M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.44%
2 Industrials 26.63%
3 Technology 24.33%
4 Financials 16.3%
5 Communication Services 1.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FRC
51
DELISTED
First Republic Bank
FRC
– –
-1,550,000
Closed -$21.7M
1 2
3

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PWP
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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 2023 Portfolio in Review

As of Q2 2023, PAR Capital Management held 51 positions worth $2.87B, up 5.7% from $2.72B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

PAR Capital Management withdrew a net $165M in Q2 2023, closing 6 positions and reducing 14 holdings. Its most notable exit was First Republic Bank, an estimated $21.7M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, down from 33% a quarter earlier, followed by Industrials and Technology.

Against the trend, PAR Capital Management opened a new position in Block Inc worth $16.6M.

  • PAR Capital Management's largest Q2 2023 buy was Block Inc: 250,000 shares worth $16.6M.
  • PAR Capital Management added most to Etsy in Q2 2023, an estimated $12.4M increase.
  • PAR Capital Management's biggest Q2 2023 reduction was Uber, cutting an estimated $58M.
  • PAR Capital Management fully exited First Republic Bank in Q2 2023, selling an estimated $21.7M.
  • PAR Capital Management's ten largest holdings make up 78% of its $2.87B portfolio in Q2 2023.
  • PAR Capital Management opened 8 new positions and closed 6 in Q2 2023.
  • PAR Capital Management's portfolio value rose 5.7% quarter-over-quarter to $2.87B.

Based on PAR Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.