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
-0.97%
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
$5.78B
AUM Growth
-$195M
Cap. Flow
-$120M
Cap. Flow %
-2.09%
Top 10 Hldgs %
79.01%
Holding
55
New
3
Increased
13
Reduced
4
Closed
3

Top Buys

Rank Stock Value
1
HTZ
Hertz Global Holdings, Inc.
HTZ
+$29.4M
2
JBLU icon
JetBlue
JBLU
+$21.8M
3
SYF icon
Synchrony
SYF
+$4.97M
4
BALY icon
Bally's
BALY
+$3.7M
5
EXPE icon
Expedia Group
EXPE
+$3.3M

Top Sells

Rank Stock Value
1
UAL icon
United Airlines
UAL
+$89.9M
2
DAL icon
Delta Air Lines
DAL
+$82.4M
3
CIVI
Civitas Resources
CIVI
+$7.64M
4
Z icon
Zillow
Z
+$7.19M
5
SEMG
SEMGROUP CORPORATION
SEMG
+$6.45M

Sector Composition

Rank Sector Weight
1 Industrials 43.3%
2 Consumer Discretionary 37.05%
3 Communication Services 6.38%
4 Healthcare 4.46%
5 Financials 4.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXPE icon
1
Expedia Group
EXPE
$36.5B
$1.28B 22.19%
9,534,627
+25,000
+0.3% +$3.3M
UAL icon
2
United Airlines
UAL
$38.8B
$1.24B 21.5%
14,046,389
-1,017,294
-7% -$89.9M
DAL icon
3
Delta Air Lines
DAL
$56.7B
$490M 8.48%
8,500,000
-1,391,190
-14% -$82.4M
BKNG icon
4
Booking.com
BKNG
$156B
$310M 5.36%
3,946,600
– –
CHDN icon
5
Churchill Downs
CHDN
$6.17B
$266M 4.61%
4,311,902
– –
ALGT icon
6
Allegiant Air
ALGT
$2.57B
$243M 4.21%
1,625,000
– –
DVA icon
7
DaVita
DVA
$15.5B
$237M 4.11%
4,159,000
– –
ALK icon
8
Alaska Air
ALK
$5.11B
$176M 3.05%
2,710,000
– –
JBLU icon
9
JetBlue
JBLU
$2.13B
$167M 2.89%
9,978,600
+1,200,000
+14% +$21.8M
GRPN icon
10
Groupon
GRPN
$1.03B
$151M 2.61%
2,832,250
– –
WEX icon
11
WEX
WEX
$6.42B
$147M 2.54%
725,000
– –
HTZ
12
DELISTED
Hertz Global Holdings, Inc.
HTZ
$110M 1.91%
7,974,607
+2,086,031
+35% +$29.4M
SYF icon
13
Synchrony
SYF
$24.4B
$95.3M 1.65%
2,795,000
+145,000
+5% +$4.97M
TRIP icon
14
TripAdvisor
TRIP
$1.7B
$89.1M 1.54%
2,304,017
– –
TRVG
15
trivago
TRVG
$385M
$86.4M 1.5%
4,205,959
+71,200
+2% +$1.62M
V icon
16
Visa
V
$701B
$77.4M 1.34%
450,000
– –
META icon
17
Meta Platforms (Facebook)
META
$1.49T
$63.7M 1.1%
357,800
– –
PCYO icon
18
Pure Cycle
PCYO
$255M
$61.5M 1.06%
5,982,970
– –
BYD icon
19
Boyd Gaming
BYD
$6.75B
$58.1M 1.01%
2,424,195
+65,000
+3% +$1.64M
BALY icon
20
Bally's
BALY
$708M
$36.9M 0.64%
1,617,481
+150,249
+10% +$3.7M
RRR icon
21
Red Rock Resorts
RRR
$3.84B
$36M 0.62%
1,771,257
+125,000
+8% +$2.61M
EHTH icon
22
eHealth
EHTH
$41.9M
$35.5M 0.61%
531,142
– –
TRUE
23
DELISTED
TrueCar
TRUE
$35M 0.61%
10,299,504
– –
BRSL
24
Brightstar Lottery PLC
BRSL
$1.9B
$30.3M 0.52%
2,132,747
+70,000
+3% +$929K
PFSI icon
25
PennyMac Financial
PFSI
$4.47B
$28.9M 0.5%
950,000
– –
1
2 3

Similar funds

LNC
Lincoln National Corp Radnor, Pennsylvania $3.45B AUM 12.55% 1-Year Est. Return
RBA
Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return
DAM
Davis Asset Management Sausalito, California $3.46B AUM 9.77% 1-Year Est. Return
PWP
Perfromance Wealth Partners Hinsdale, Illinois $3.45B AUM 29.14% 1-Year Est. Return
OTPPB
Ontario Teachers' Pension Plan Board Toronto, Ontario, Canada $3.46B AUM 7.79% 1-Year Est. Return
JGC
J. Goldman & Co New York $3.44B AUM 33.8% 1-Year Est. Return
CIA
Caledonia Investments (Australia) Sydney NSW, Australia $3.44B AUM 20.03% 1-Year Est. Return
CCM
Check Capital Management Costa Mesa, California $3.44B AUM 9.15% 1-Year Est. Return

PAR Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, PAR Capital Management held 55 positions worth $5.78B, down 3.3% from $5.97B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

PAR Capital Management's Q3 2019 filing shows 3 new, 13 increased, 4 reduced and 3 closed positions. Its largest new stake was MGM Resorts International: 70,000 shares worth $1.94M. The largest sale was United Airlines, an estimated $89.9M.

By sector, the portfolio is most concentrated in Industrials at 43% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • PAR Capital Management's largest Q3 2019 buy was MGM Resorts International: 70,000 shares worth $1.94M.
  • PAR Capital Management added most to Hertz Global Holdings, Inc. in Q3 2019, an estimated $29.4M increase.
  • PAR Capital Management's biggest Q3 2019 reduction was United Airlines, cutting an estimated $89.9M.
  • PAR Capital Management fully exited Zillow in Q3 2019, selling an estimated $7.19M.
  • PAR Capital Management's ten largest holdings make up 79% of its $5.78B portfolio in Q3 2019.
  • PAR Capital Management opened 3 new positions and closed 3 in Q3 2019.
  • PAR Capital Management's portfolio value fell 3.3% quarter-over-quarter to $5.78B.

Based on PAR Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.