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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
+5.58%
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
$8.89B
AUM Growth
-$218M
Cap. Flow
-$539M
Cap. Flow %
-6.06%
Top 10 Hldgs %
53.9%
Holding
84
New
2
Increased
30
Reduced
19
Closed
2

Top Buys

Rank Stock Value
1
BRSL
Brightstar Lottery PLC
BRSL
+$65.8M
2
DVA icon
DaVita
DVA
+$30.9M
3
TRVG
trivago
TRVG
+$26.3M
4
META icon
Meta Platforms (Facebook)
META
+$17.3M
5
TRUE
TrueCar
TRUE
+$16.2M

Top Sells

Rank Stock Value
1
CAR icon
Avis
CAR
+$262M
2
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
+$221M
3
CZR icon
Caesars Entertainment
CZR
+$84.7M
4
GLPI icon
Gaming and Leisure Properties
GLPI
+$55.7M
5
CHGG icon
Chegg
CHGG
+$40.7M

Sector Composition

Rank Sector Weight
1 Industrials 36.08%
2 Consumer Discretionary 32.63%
3 Healthcare 8.92%
4 Communication Services 7.39%
5 Energy 3.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MMYT icon
76
MakeMyTrip
MMYT
$5.38B
$3.66M 0.04%
101,200
– –
VLRS
77
Controladora Vuela Compania de Aviacion
VLRS
$869M
$3.58M 0.04%
704,600
+75,000
+12% +$467K
QNST icon
78
QuinStreet
QNST
$927M
$2.29M 0.03%
+180,000
New +$2.27M
TCOM icon
79
Trip.com Group
TCOM
$29B
$1.91M 0.02%
40,000
– –
DVD
80
DELISTED
Dover Motorsports
DVD
$1.51M 0.02%
671,931
– –
ARLZ
81
DELISTED
Aralez Pharmaceuticals Inc.
ARLZ
$168K ﹤0.01%
481,400
-3,949,901
-89% -$3.24M
DORM icon
82
Dorman Products
DORM
$4.22B
– –
-20,000
Closed -$1.32M
SGRY icon
83
Surgery Partners
SGRY
$2.15B
– –
-138,400
Closed -$2.37M
1 2 3
4

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DAM
Davis Asset Management Sausalito, California $3.46B AUM 9.77% 1-Year Est. Return
PWP
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OTPPB
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JGC
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CIA
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CCM
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PAR Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, PAR Capital Management held 84 positions worth $8.89B, down 2.4% from $9.11B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

PAR Capital Management withdrew a net $539M in Q2 2018, closing 2 positions and reducing 19 holdings. Its most notable exit was Surgery Partners, an estimated $2.37M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 36% of assets, down from 42% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, PAR Capital Management opened a new position in Despegar.com worth $3.85M.

  • PAR Capital Management's largest Q2 2018 buy was Despegar.com: 183,526 shares worth $3.85M.
  • PAR Capital Management added most to Brightstar Lottery PLC in Q2 2018, an estimated $65.8M increase.
  • PAR Capital Management's biggest Q2 2018 reduction was Avis, cutting an estimated $262M.
  • PAR Capital Management fully exited Surgery Partners in Q2 2018, selling an estimated $2.37M.
  • PAR Capital Management's ten largest holdings make up 54% of its $8.89B portfolio in Q2 2018.
  • PAR Capital Management opened 2 new positions and closed 2 in Q2 2018.
  • PAR Capital Management's portfolio value fell 2.4% quarter-over-quarter to $8.89B.

Based on PAR Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.