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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
-2.59%
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
$4.42B
AUM Growth
+$85.4M
Cap. Flow
+$261M
Cap. Flow %
5.91%
Top 10 Hldgs %
55.21%
Holding
76
New
6
Increased
22
Reduced
14
Closed
3

Top Buys

Rank Stock Value
1
TRUE
TrueCar
TRUE
+$109M
2
LUV icon
Southwest Airlines
LUV
+$58.7M
3
CLH icon
Clean Harbors
CLH
+$53.7M
4
DAL icon
Delta Air Lines
DAL
+$48.5M
5
UAL icon
United Airlines
UAL
+$43.9M

Top Sells

Rank Stock Value
1
TRIP icon
TripAdvisor
TRIP
+$70.1M
2
GBX icon
The Greenbrier Companies
GBX
+$28.7M
3
THC icon
Tenet Healthcare
THC
+$25.5M
4
URI icon
United Rentals
URI
+$23.9M
5
SGY
Stone Energy
SGY
+$18.1M

Sector Composition

Rank Sector Weight
1 Industrials 43.35%
2 Consumer Discretionary 29.08%
3 Communication Services 4.81%
4 Real Estate 3.38%
5 Financials 1.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LONG
76
DELISTED
ELONG, INC. AMERICAN DEPOSITARY SHARES
LONG
– –
-873,573
Closed -$15M
1 2 3
4

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PWP
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OTPPB
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PAR Capital Management's Q2 2015 Portfolio in Review

As of Q2 2015, PAR Capital Management held 76 positions worth $4.42B, up 2% from $4.34B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

PAR Capital Management deployed $261M of net new capital in Q2 2015, opening 6 new positions and adding to 22 existing holdings. Its largest new stake was Clean Harbors: 962,337 shares worth $51.7M.

By sector, the portfolio is most concentrated in Industrials at 43% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was TripAdvisor, an estimated $70.1M trimmed.

  • PAR Capital Management's largest Q2 2015 buy was Clean Harbors: 962,337 shares worth $51.7M.
  • PAR Capital Management added most to TrueCar in Q2 2015, an estimated $109M increase.
  • PAR Capital Management's biggest Q2 2015 reduction was TripAdvisor, cutting an estimated $70.1M.
  • PAR Capital Management fully exited ELONG, INC. AMERICAN DEPOSITARY SHARES in Q2 2015, selling an estimated $15M.
  • PAR Capital Management's ten largest holdings make up 55% of its $4.42B portfolio in Q2 2015.
  • PAR Capital Management opened 6 new positions and closed 3 in Q2 2015.
  • PAR Capital Management's portfolio value rose 2% quarter-over-quarter to $4.42B.

Based on PAR Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.