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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
-2.69%
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
$3.75B
AUM Growth
+$125M
Cap. Flow
+$279M
Cap. Flow %
7.45%
Top 10 Hldgs %
56.26%
Holding
78
New
14
Increased
22
Reduced
11
Closed
9

Top Buys

Rank Stock Value
1
DAL icon
Delta Air Lines
DAL
+$87M
2
ALGT icon
Allegiant Air
ALGT
+$47.2M
3
UAL icon
United Airlines
UAL
+$37.1M
4
WCG
Wellcare Health Plans, Inc.
WCG
+$33.2M
5
RAD
Rite Aid Corporation
RAD
+$32.3M

Top Sells

Rank Stock Value
1
KLAC icon
KLA
KLAC
+$42.3M
2
CRM icon
Salesforce
CRM
+$23.1M
3
INVN
Invensense Inc
INVN
+$22.5M
4
SLAB icon
Silicon Laboratories
SLAB
+$19M
5
MNTG
M T R GAMING GROUP INC
MNTG
+$15M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 37.25%
2 Industrials 35.91%
3 Communication Services 9.22%
4 Technology 4.6%
5 Real Estate 2.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MNTG
76
DELISTED
M T R GAMING GROUP INC
MNTG
– –
-2,812,564
Closed -$15M
EXXI
77
DELISTED
ENERGY XXI LTD COM SHS
EXXI
– –
-219,800
Closed -$5.19M
ARMH
78
DELISTED
ARM HOLDINGS PLC ADS
ARMH
– –
-55,558
Closed -$2.51M
1 2 3
4

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KRS
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PWP
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HA
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VI
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WB
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SCTC
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PAR Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, PAR Capital Management held 78 positions worth $3.75B, up 3.4% from $3.62B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

PAR Capital Management deployed $279M of net new capital in Q3 2014, opening 14 new positions and adding to 22 existing holdings. Its largest new stake was Allegiant Air: 385,000 shares worth $47.6M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, down from 39% a quarter earlier, followed by Industrials and Communication Services.

On the sell side, the largest reduction was KLA, an estimated $42.3M trimmed.

  • PAR Capital Management's largest Q3 2014 buy was Allegiant Air: 385,000 shares worth $47.6M.
  • PAR Capital Management added most to Delta Air Lines in Q3 2014, an estimated $87M increase.
  • PAR Capital Management's biggest Q3 2014 reduction was KLA, cutting an estimated $42.3M.
  • PAR Capital Management fully exited Invensense Inc in Q3 2014, selling an estimated $22.5M.
  • PAR Capital Management's ten largest holdings make up 56% of its $3.75B portfolio in Q3 2014.
  • PAR Capital Management opened 14 new positions and closed 9 in Q3 2014.
  • PAR Capital Management's portfolio value rose 3.4% quarter-over-quarter to $3.75B.

Based on PAR Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.