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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
-9.83%
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
$2.99B
AUM Growth
-$399M
(-12%)
Cap. Flow
+$29.7M
Cap. Flow
% of AUM
0.99%
Top 10 Holdings %
Top 10 Hldgs %
81.66%
Holding
67
New
7
Increased
24
Reduced
7
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southwest Airlines
LUV
|
+$133M |
| 2 |
Uber
UBER
|
+$47.8M |
| 3 |
Lyft
LYFT
|
+$18.9M |
| 4 |
Carvana
CVNA
|
+$16.1M |
| 5 |
Alaska Air
ALK
|
+$14.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$77.7M |
| 2 |
Delta Air Lines
DAL
|
+$52.8M |
| 3 |
XYZ
Block Inc
XYZ
|
+$43M |
| 4 |
American Airlines Group
AAL
|
+$34.9M |
| 5 |
CMA
Comerica
CMA
|
+$30.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 31.34% |
| 2 | Consumer Discretionary | 27.29% |
| 3 | Technology | 23.5% |
| 4 | Financials | 16.95% |
| 5 | Communication Services | 0.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
BILL Holdings
BILL
$4.84B
| – | – |
-7,500
| Closed | -$635K |
|
|
52
PUT
BILL Holdings
BILL
$4.84B
| – | – |
-7,500
| Closed | -$635K |
|
53
PUT
CarGurus
CARG
$3.34B
| – | – |
-31,000
| Closed | -$1.13M |
|
54
Citizens Financial Group
CFG
$31.1B
| – | – |
-15,000
| Closed | -$656K |
|
|
CMA
55
DELISTED
Comerica
CMA
| – | – |
-500,000
| Closed | -$30.9M |
|
56
eBay
EBAY
$48.7B
| – | – |
-7,000
| Closed | -$434K |
|
57
Norwegian Cruise Line
NCLH
$9.22B
| – | – |
-11,000
| Closed | -$283K |
|
58
PNC Financial Services
PNC
$101B
| – | – |
-3,500
| Closed | -$675K |
|
59
PayPal
PYPL
$50.1B
| – | – |
-3,000
| Closed | -$256K |
|
60
Shopify
SHOP
$160B
| – | – |
-3,000
| Closed | -$319K |
|
61
Truist Financial
TFC
$64.3B
| – | – |
-14,500
| Closed | -$629K |
|
|
62
Tesla
TSLA
$1.29T
| – | – |
-192,300
| Closed | -$77.7M |
|
|
VLRS
63
Controladora Vuela Compania de Aviacion
VLRS
$954M
| – | – |
-1,261,904
| Closed | -$9.39M |
|
64
WIX.com
WIX
$2.79B
| – | – |
-4,800
| Closed | -$1.03M |
|
|
65
PUT
WIX.com
WIX
$2.79B
| – | – |
-4,800
| Closed | -$1.03M |
|
|
XYZ
66
Block Inc
XYZ
$50.4B
| – | – |
-505,500
| Closed | -$43M |
|
|
VCSA
67
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
| – | – |
-139,654
| Closed | -$684K |
|
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PAR Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, PAR Capital Management held 67 positions worth $2.99B, down 12% from $3.39B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
PAR Capital Management's Q1 2025 filing shows 7 new, 24 increased, 7 reduced and 18 closed positions. Its largest new stake was Bank of America: 15,300 shares worth $638K. The largest sale was Tesla, an estimated $77.7M.
By sector, the portfolio is most concentrated in Industrials at 31% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Technology.
- PAR Capital Management's largest Q1 2025 buy was Bank of America: 15,300 shares worth $638K.
- PAR Capital Management added most to Southwest Airlines in Q1 2025, an estimated $133M increase.
- PAR Capital Management's biggest Q1 2025 reduction was Delta Air Lines, cutting an estimated $52.8M.
- PAR Capital Management fully exited Tesla in Q1 2025, selling an estimated $77.7M.
- PAR Capital Management's ten largest holdings make up 82% of its $2.99B portfolio in Q1 2025.
- PAR Capital Management opened 7 new positions and closed 18 in Q1 2025.
- PAR Capital Management's portfolio value fell 12% quarter-over-quarter to $2.99B.
Based on PAR Capital Management's 13F filing for Q1 2025, filed 15 May 2025.