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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
-4.22%
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
$6.03B
AUM Growth
-$214M
(-3.4%)
Cap. Flow
+$330M
Cap. Flow
% of AUM
5.47%
Top 10 Holdings %
Top 10 Hldgs %
56.52%
Holding
90
New
11
Increased
24
Reduced
12
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Expedia Group
EXPE
|
+$242M |
| 2 |
Cigna
CI
|
+$121M |
| 3 |
United Airlines
UAL
|
+$90.1M |
| 4 |
Southwest Airlines
LUV
|
+$67.9M |
| 5 |
Williams Companies
WMB
|
+$35.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
General Motors
GM
|
+$78.7M |
| 2 |
United Rentals
URI
|
+$47M |
| 3 |
Trip.com Group
TCOM
|
+$44.1M |
| 4 |
PNK
Pinnacle Entertainment Inc.
PNK
|
+$39.8M |
| 5 |
Clean Harbors
CLH
|
+$34.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 37.63% |
| 2 | Consumer Discretionary | 30.62% |
| 3 | Healthcare | 13.35% |
| 4 | Communication Services | 4% |
| 5 | Real Estate | 2.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
76
Trip.com Group
TCOM
$29B
| $1.65M | 0.03% |
40,000
-1,010,000
| -96% | -$44.1M |
|
|
DVD
77
DELISTED
Dover Motorsports
DVD
| $1.46M | 0.02% |
671,931
| – | – |
|
78
Melco Resorts & Entertainment
MLCO
$2.21B
| $1.26M | 0.02% |
100,000
| – | – |
|
79
MakeMyTrip
MMYT
$5.38B
| $817K | 0.01% |
54,973
-25,000
| -31% | -$417K |
|
|
FMD
80
DELISTED
FIRST MARBLEHEAD CORP COM STK NEW (DE)
FMD
| $292K | ﹤0.01% |
60,000
| – | – |
|
81
Artisan Partners
APAM
$2.86B
| – | – |
-175,000
| Closed | -$5.4M |
|
|
82
Clean Harbors
CLH
$17.2B
| – | – |
-700,000
| Closed | -$34.5M |
|
83
Freeport-McMoran
FCX
$86.2B
| – | – |
-472,500
| Closed | -$4.89M |
|
|
GDEN
84
DELISTED
Golden Entertainment
GDEN
| – | – |
-253,887
| Closed | -$2.75M |
|
|
85
General Motors
GM
$80.9B
| – | – |
-2,503,550
| Closed | -$78.7M |
|
86
Plains GP Holdings
PAGP
$5.28B
| – | – |
-488,161
| Closed | -$11.3M |
|
87
State Street
STT
$48.4B
| – | – |
-180,000
| Closed | -$10.5M |
|
|
88
United Rentals
URI
$65.7B
| – | – |
-755,000
| Closed | -$47M |
|
|
VA
89
DELISTED
Virgin America Inc.
VA
| – | – |
-790,000
| Closed | -$30.5M |
|
|
SPLS
90
DELISTED
Staples Inc
SPLS
| – | – |
-650,000
| Closed | -$7.17M |
|
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OTPPB
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CIA
CCM
PAR Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, PAR Capital Management held 90 positions worth $6.03B, down 3.4% from $6.24B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
PAR Capital Management deployed $330M of net new capital in Q2 2016, opening 11 new positions and adding to 24 existing holdings. Its largest new stake was Williams Companies: 1,760,000 shares worth $38.1M.
By sector, the portfolio is most concentrated in Industrials at 38% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Trip.com Group, an estimated $44.1M trimmed.
- PAR Capital Management's largest Q2 2016 buy was Williams Companies: 1,760,000 shares worth $38.1M.
- PAR Capital Management added most to Expedia Group in Q2 2016, an estimated $242M increase.
- PAR Capital Management's biggest Q2 2016 reduction was Trip.com Group, cutting an estimated $44.1M.
- PAR Capital Management fully exited General Motors in Q2 2016, selling an estimated $78.7M.
- PAR Capital Management's ten largest holdings make up 57% of its $6.03B portfolio in Q2 2016.
- PAR Capital Management opened 11 new positions and closed 10 in Q2 2016.
- PAR Capital Management's portfolio value fell 3.4% quarter-over-quarter to $6.03B.
Based on PAR Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.