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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
+23.75%
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
$3.39B
AUM Growth
-$137M
(-3.9%)
Cap. Flow
-$749M
Cap. Flow
% of AUM
-22.11%
Top 10 Holdings %
Top 10 Hldgs %
78.2%
Holding
67
New
11
Increased
17
Reduced
16
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sabre
SABR
|
+$21.5M |
| 2 |
TripAdvisor
TRIP
|
+$19.7M |
| 3 |
Ryanair
RYAAY
|
+$15.4M |
| 4 |
Allegiant Air
ALGT
|
+$2.16M |
| 5 |
TRVG
trivago
TRVG
|
+$1.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$411M |
| 2 |
Expedia Group
EXPE
|
+$151M |
| 3 |
Synchrony
SYF
|
+$61.2M |
| 4 |
Carvana
CVNA
|
+$45M |
| 5 |
Airbnb
ABNB
|
+$37.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 33.36% |
| 2 | Consumer Discretionary | 25.05% |
| 3 | Technology | 19.93% |
| 4 | Financials | 18.33% |
| 5 | Communication Services | 3.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Carnival Corporation Ltd
CCL
$30.3B
| $586K | 0.02% |
23,500
-2,000
| -8% | -$46.8K |
|
52
Grab
GRAB
$11.9B
| $566K | 0.02% |
+120,000
| New | +$546K |
|
53
Citigroup
C
$228B
| $507K | 0.02% |
+7,200
| New | +$485K |
|
54
eBay
EBAY
$48.1B
| $434K | 0.01% |
7,000
| – | – |
|
55
Shopify
SHOP
$167B
| $319K | 0.01% |
3,000
-2,000
| -40% | -$195K |
|
56
Norwegian Cruise Line
NCLH
$6.56B
| $283K | 0.01% |
+11,000
| New | +$278K |
|
57
PayPal
PYPL
$46B
| $256K | 0.01% |
+3,000
| New | +$252K |
|
58
Mastercard
MA
$502B
| $211K | 0.01% |
+400
| New | +$207K |
|
59
Visa
V
$701B
| $202K | 0.01% |
+640
| New | +$192K |
|
|
EB
60
DELISTED
Eventbrite
EB
| $195K | 0.01% |
58,000
+17,000
| +41% | +$56.4K |
|
|
61
Airbnb
ABNB
$99.2B
| – | – |
-299,100
| Closed | -$37.9M |
|
62
Angi Inc
ANGI
$202M
| – | – |
-8,500
| Closed | -$219K |
|
63
Etsy
ETSY
$6.79B
| – | – |
-138,250
| Closed | -$7.68M |
|
64
Flex
FLEX
$39.9B
| – | – |
-9,910
| Closed | -$331K |
|
65
PennyMac Financial
PFSI
$3.54B
| – | – |
-2,500
| Closed | -$285K |
|
66
Trip.com Group
TCOM
$24.7B
| – | – |
-24,000
| Closed | -$1.43M |
|
|
SAVE
67
DELISTED
Spirit Airlines, Inc.
SAVE
| – | – |
-767,000
| Closed | -$1.84M |
|
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PAR Capital Management's Q4 2024 Portfolio in Review
As of Q4 2024, PAR Capital Management held 67 positions worth $3.39B, down 3.9% from $3.53B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
PAR Capital Management withdrew a net $749M in Q4 2024, closing 7 positions and reducing 16 holdings. Its most notable exit was Airbnb, an estimated $37.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 33% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, PAR Capital Management opened a new position in Ryanair worth $15M.
- PAR Capital Management's largest Q4 2024 buy was Ryanair: 345,000 shares worth $15M.
- PAR Capital Management added most to Sabre in Q4 2024, an estimated $21.5M increase.
- PAR Capital Management's biggest Q4 2024 reduction was Booking.com, cutting an estimated $411M.
- PAR Capital Management fully exited Airbnb in Q4 2024, selling an estimated $37.9M.
- PAR Capital Management's ten largest holdings make up 78% of its $3.39B portfolio in Q4 2024.
- PAR Capital Management opened 11 new positions and closed 7 in Q4 2024.
- PAR Capital Management's portfolio value fell 3.9% quarter-over-quarter to $3.39B.
Based on PAR Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.