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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
+10.92%
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
$7.65B
AUM Growth
+$724M
Cap. Flow
+$162M
Cap. Flow %
2.12%
Top 10 Hldgs %
59.47%
Holding
88
New
4
Increased
27
Reduced
15
Closed
13

Top Buys

Rank Stock Value
1
MCK icon
McKesson
MCK
+$138M
2
CI icon
Cigna
CI
+$50M
3
AAL icon
American Airlines Group
AAL
+$29.1M
4
GLPI icon
Gaming and Leisure Properties
GLPI
+$25.9M
5
BYD icon
Boyd Gaming
BYD
+$22M

Top Sells

Rank Stock Value
1
CHDN icon
Churchill Downs
CHDN
+$88.7M
2
WYNN icon
Wynn Resorts
WYNN
+$28.6M
3
EXP icon
Eagle Materials
EXP
+$23.9M
4
DKS icon
Dick's Sporting Goods
DKS
+$19.9M
5
DAL icon
Delta Air Lines
DAL
+$18.2M

Sector Composition

Rank Sector Weight
1 Industrials 43.71%
2 Consumer Discretionary 26.63%
3 Healthcare 12.66%
4 Communication Services 3.76%
5 Real Estate 2.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COR icon
76
Cencora
COR
$62B
– –
-33,198
Closed -$2.68M
CSBR icon
77
Champions Oncology
CSBR
$75.9M
– –
-384,282
Closed -$646K
DKS icon
78
Dick's Sporting Goods
DKS
$18.4B
– –
-350,000
Closed -$19.9M
GOOGL icon
79
Alphabet (Google) Class A
GOOGL
$4.12T
– –
-15,000
Closed -$583K
H icon
80
PUT
Hyatt Hotels
H
$17.5B
– –
-100,000
Closed -$4.92M
MMYT icon
81
MakeMyTrip
MMYT
$5.38B
– –
-54,973
Closed -$1.3M
SPWH icon
82
Sportsman's Warehouse
SPWH
$44.9M
– –
-161,419
Closed -$1.7M
UNP icon
83
Union Pacific
UNP
$174B
– –
-50,000
Closed -$4.88M
W icon
84
Wayfair
W
$11.8B
– –
-300,000
Closed -$11.8M
PIR
85
DELISTED
Pier 1 Imports, Inc.
PIR
– –
-50,000
Closed -$4.24M
APC
86
DELISTED
Anadarko Petroleum
APC
– –
-187,444
Closed -$11.9M
NFX
87
DELISTED
Newfield Exploration
NFX
– –
-202,500
Closed -$8.8M
RMGN
88
DELISTED
RMG Networks Holding Corporation
RMGN
– –
-544,359
Closed -$1.92M
1 2 3
4

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PWP
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OTPPB
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JGC
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PAR Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, PAR Capital Management held 88 positions worth $7.65B, up 10% from $6.92B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

PAR Capital Management's Q4 2016 filing shows 4 new, 27 increased, 15 reduced and 13 closed positions. Its largest new stake was trivago: 350,000 shares worth $20.6M. The largest sale was Churchill Downs, an estimated $88.7M.

By sector, the portfolio is most concentrated in Industrials at 44% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.

  • PAR Capital Management's largest Q4 2016 buy was trivago: 350,000 shares worth $20.6M.
  • PAR Capital Management added most to McKesson in Q4 2016, an estimated $138M increase.
  • PAR Capital Management's biggest Q4 2016 reduction was Churchill Downs, cutting an estimated $88.7M.
  • PAR Capital Management fully exited Dick's Sporting Goods in Q4 2016, selling an estimated $19.9M.
  • PAR Capital Management's ten largest holdings make up 59% of its $7.65B portfolio in Q4 2016.
  • PAR Capital Management opened 4 new positions and closed 13 in Q4 2016.
  • PAR Capital Management's portfolio value rose 10% quarter-over-quarter to $7.65B.

Based on PAR Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.