We are live on
!
Find out more
PCM
PAR Capital Management Portfolio holdings
AUM
$3.45B
1-Year Est. Return
28.5%
This Fund
S&P 500
This Quarter
Est. Return
+8.12%
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
$8.71B
AUM Growth
-$177M
(-2%)
Cap. Flow
-$722M
Cap. Flow
% of AUM
-8.29%
Top 10 Holdings %
Top 10 Hldgs %
57.58%
Holding
88
New
6
Increased
22
Reduced
15
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Allegiant Air
ALGT
|
+$211M |
| 2 |
Trip.com Group
TCOM
|
+$204M |
| 3 |
TRVG
trivago
TRVG
|
+$32.7M |
| 4 |
BRSL
Brightstar Lottery PLC
BRSL
|
+$24.4M |
| 5 |
Yelp
YELP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
|
+$297M |
| 2 |
Zillow
Z
|
+$229M |
| 3 |
Chegg
CHGG
|
+$128M |
| 4 |
McKesson
MCK
|
+$114M |
| 5 |
Zillow
ZG
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 39.76% |
| 2 | Consumer Discretionary | 35.47% |
| 3 | Healthcare | 7.26% |
| 4 | Communication Services | 4.54% |
| 5 | Energy | 3.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DVD
76
DELISTED
Dover Motorsports
DVD
| $1.45M | 0.02% |
671,931
| – | – |
|
77
American Airlines Group
AAL
$10.2B
| – | – |
-1,318,851
| Closed | -$50.1M |
|
|
78
Chegg
CHGG
$118M
| – | – |
-4,621,948
| Closed | -$128M |
|
79
CSX Corp
CSX
$93B
| – | – |
-1,164,000
| Closed | -$24.7M |
|
80
Plains GP Holdings
PAGP
$5.26B
| – | – |
-350,000
| Closed | -$8.37M |
|
|
81
Zillow
Z
$7.71B
| – | – |
-3,882,041
| Closed | -$229M |
|
|
82
Zillow
ZG
$7.79B
| – | – |
-1,693,600
| Closed | -$101M |
|
|
TMX
83
DELISTED
Terminix Global Holdings, Inc.
TMX
| – | – |
-1,601,243
| Closed | -$63.8M |
|
|
GRUB
84
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| – | – |
-1,415,700
| Closed | -$297M |
|
|
APC
85
DELISTED
Anadarko Petroleum
APC
| – | – |
-500,000
| Closed | -$36.6M |
|
|
EVHC
86
DELISTED
Envision Healthcare Holdings Inc
EVHC
| – | – |
-1,850,000
| Closed | -$81.4M |
|
|
ARLZ
87
DELISTED
Aralez Pharmaceuticals Inc.
ARLZ
| – | – |
-481,400
| Closed | -$168K |
|
Similar funds
LNC
RBA
DAM
PWP
OTPPB
JGC
CIA
CCM
PAR Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, PAR Capital Management held 88 positions worth $8.71B, down 2% from $8.89B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
PAR Capital Management withdrew a net $722M in Q3 2018, closing 11 positions and reducing 15 holdings. Its most notable exit was Just Eat Takeaway.com N.V. American Depositary Shares, an estimated $297M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 40% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, PAR Capital Management opened a new position in Allegiant Air worth $201M.
- PAR Capital Management's largest Q3 2018 buy was Allegiant Air: 1,583,000 shares worth $201M.
- PAR Capital Management added most to Trip.com Group in Q3 2018, an estimated $204M increase.
- PAR Capital Management's biggest Q3 2018 reduction was McKesson, cutting an estimated $114M.
- PAR Capital Management fully exited Just Eat Takeaway.com N.V. American Depositary Shares in Q3 2018, selling an estimated $297M.
- PAR Capital Management's ten largest holdings make up 58% of its $8.71B portfolio in Q3 2018.
- PAR Capital Management opened 6 new positions and closed 11 in Q3 2018.
- PAR Capital Management's portfolio value fell 2% quarter-over-quarter to $8.71B.
Based on PAR Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.