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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
+2.33%
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
$8.23B
AUM Growth
+$578M
(+7.6%)
Cap. Flow
+$532M
Cap. Flow
% of AUM
6.47%
Top 10 Holdings %
Top 10 Hldgs %
60.01%
Holding
89
New
14
Increased
26
Reduced
10
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$123M |
| 2 |
Avis
CAR
|
+$112M |
| 3 |
SGI
Somnigroup International
SGI
|
+$105M |
| 4 |
McKesson
MCK
|
+$99.5M |
| 5 |
Expedia Group
EXPE
|
+$87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$64.9M |
| 2 |
Canadian Pacific Kansas City
CP
|
+$51.2M |
| 3 |
LNW
Light & Wonder
LNW
|
+$41.8M |
| 4 |
DaVita
DVA
|
+$38.5M |
| 5 |
Invesco
IVZ
|
+$37.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 42.57% |
| 2 | Consumer Discretionary | 29.8% |
| 3 | Healthcare | 14.28% |
| 4 | Communication Services | 5.26% |
| 5 | Energy | 2.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Robert Half
RHI
$3.92B
| $244K | ﹤0.01% |
+5,000
| New | +$242K |
|
77
HubSpot
HUBS
$12.1B
| $242K | ﹤0.01% |
+4,000
| New | +$227K |
|
|
CMA
78
DELISTED
Comerica
CMA
| – | – |
-94,300
| Closed | -$6.42M |
|
79
Dover
DOV
$25.5B
| – | – |
-831,851
| Closed | -$1.54M |
|
|
80
DaVita
DVA
$12.2B
| – | – |
-600,000
| Closed | -$38.5M |
|
81
Intercontinental Exchange
ICE
$88.1B
| – | – |
-225,000
| Closed | -$12.7M |
|
|
82
Invesco
IVZ
$13.6B
| – | – |
-1,225,000
| Closed | -$37.2M |
|
|
LNW
83
DELISTED
Light & Wonder
LNW
| – | – |
-2,988,213
| Closed | -$41.8M |
|
|
SF
84
Stifel
SF
$11.6B
| – | – |
-843,750
| Closed | -$18.7M |
|
85
Wynn Resorts
WYNN
$8.93B
| – | – |
-10,000
| Closed | -$865K |
|
|
ZNGA
86
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| – | – |
-750,000
| Closed | -$1.93M |
|
|
ETFC
87
DELISTED
E*Trade Financial Corporation
ETFC
| – | – |
-105,000
| Closed | -$3.64M |
|
|
WCG
88
DELISTED
Wellcare Health Plans, Inc.
WCG
| – | – |
-473,701
| Closed | -$64.9M |
|
|
ITG
89
DELISTED
Investment Technology Group Inc
ITG
| – | – |
-645,000
| Closed | -$12.7M |
|
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PAR Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, PAR Capital Management held 89 positions worth $8.23B, up 7.6% from $7.65B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
PAR Capital Management deployed $532M of net new capital in Q1 2017, opening 14 new positions and adding to 26 existing holdings. Its largest new stake was Hertz Global Holdings, Inc.: 6,777,751 shares worth $103M.
By sector, the portfolio is most concentrated in Industrials at 43% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Canadian Pacific Kansas City, an estimated $51.2M trimmed.
- PAR Capital Management's largest Q1 2017 buy was Hertz Global Holdings, Inc.: 6,777,751 shares worth $103M.
- PAR Capital Management added most to Avis in Q1 2017, an estimated $112M increase.
- PAR Capital Management's biggest Q1 2017 reduction was Canadian Pacific Kansas City, cutting an estimated $51.2M.
- PAR Capital Management fully exited Wellcare Health Plans, Inc. in Q1 2017, selling an estimated $64.9M.
- PAR Capital Management's ten largest holdings make up 60% of its $8.23B portfolio in Q1 2017.
- PAR Capital Management opened 14 new positions and closed 12 in Q1 2017.
- PAR Capital Management's portfolio value rose 7.6% quarter-over-quarter to $8.23B.
Based on PAR Capital Management's 13F filing for Q1 2017, filed 15 May 2017.