We are live on ! Find out more
PCM

PAR Capital Management Portfolio holdings

AUM $3.45B
1-Year Est. Return 28.5%
This Fund
S&P 500
This Quarter Est. Return
+15.89%
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
$4.33B
AUM Growth
+$582M
Cap. Flow
+$187M
Cap. Flow %
4.32%
Top 10 Hldgs %
58.11%
Holding
83
New
14
Increased
27
Reduced
9
Closed
13

Top Buys

Rank Stock Value
1
DAL icon
Delta Air Lines
DAL
+$159M
2
VA
Virgin America Inc.
VA
+$81.8M
3
QUNR
Qunar Cayman Islands Limited
QUNR
+$65.2M
4
UAL icon
United Airlines
UAL
+$55.7M
5
AAL icon
American Airlines Group
AAL
+$50.6M

Top Sells

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$134M
2
BYI
BALLY TECHNOLOGIES, INC.
BYI
+$76.8M
3
AYI icon
Acuity Brands
AYI
+$35.5M
4
VECO icon
Veeco
VECO
+$32.7M
5
CRM icon
Salesforce
CRM
+$25.7M

Sector Composition

Rank Sector Weight
1 Industrials 46.2%
2 Consumer Discretionary 29.83%
3 Real Estate 2.85%
4 Financials 1.94%
5 Communication Services 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
76
Meta Platforms (Facebook)
META
$1.49T
– –
-137,500
Closed -$10.9M
MOH icon
77
Molina Healthcare
MOH
$10.4B
– –
-300,000
Closed -$12.7M
SLAB icon
78
Silicon Laboratories
SLAB
$7.14B
– –
-224,000
Closed -$9.1M
VECO icon
79
Veeco
VECO
$2.62B
– –
-935,465
Closed -$32.7M
FMD
80
DELISTED
FIRST MARBLEHEAD CORP COM STK NEW (DE)
FMD
– –
-60,000
Closed -$170K
BYI
81
DELISTED
BALLY TECHNOLOGIES, INC.
BYI
– –
-951,740
Closed -$76.8M
VVTV
82
DELISTED
VALUEVISION MEDIA INC
VVTV
– –
-3,562,300
Closed -$18.3M
AIXG
83
DELISTED
Aixtron SE
AIXG
– –
-1,446,377
Closed -$21.9M
1 2 3
4

Similar funds

LNC
Lincoln National Corp Radnor, Pennsylvania $3.45B AUM 12.55% 1-Year Est. Return
RBA
Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return
DAM
Davis Asset Management Sausalito, California $3.46B AUM 9.77% 1-Year Est. Return
PWP
Perfromance Wealth Partners Hinsdale, Illinois $3.45B AUM 29.14% 1-Year Est. Return
OTPPB
Ontario Teachers' Pension Plan Board Toronto, Ontario, Canada $3.46B AUM 7.79% 1-Year Est. Return
JGC
J. Goldman & Co New York $3.44B AUM 33.8% 1-Year Est. Return
CIA
Caledonia Investments (Australia) Sydney NSW, Australia $3.44B AUM 20.03% 1-Year Est. Return
CCM
Check Capital Management Costa Mesa, California $3.44B AUM 9.15% 1-Year Est. Return

PAR Capital Management's Q4 2014 Portfolio in Review

As of Q4 2014, PAR Capital Management held 83 positions worth $4.33B, up 16% from $3.75B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

PAR Capital Management deployed $187M of net new capital in Q4 2014, opening 14 new positions and adding to 27 existing holdings. Its largest new stake was Virgin America Inc.: 2,264,492 shares worth $93M.

By sector, the portfolio is most concentrated in Industrials at 46% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Real Estate.

On the sell side, the largest reduction was Booking.com, an estimated $134M trimmed.

  • PAR Capital Management's largest Q4 2014 buy was Virgin America Inc.: 2,264,492 shares worth $93M.
  • PAR Capital Management added most to Delta Air Lines in Q4 2014, an estimated $159M increase.
  • PAR Capital Management's biggest Q4 2014 reduction was Booking.com, cutting an estimated $134M.
  • PAR Capital Management fully exited BALLY TECHNOLOGIES, INC. in Q4 2014, selling an estimated $76.8M.
  • PAR Capital Management's ten largest holdings make up 58% of its $4.33B portfolio in Q4 2014.
  • PAR Capital Management opened 14 new positions and closed 13 in Q4 2014.
  • PAR Capital Management's portfolio value rose 16% quarter-over-quarter to $4.33B.

Based on PAR Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.