We are live on ! Find out more
PCM

PAR Capital Management Portfolio holdings

AUM $4.03B
1-Year Est. Return 35.05%
This Fund
S&P 500
This Quarter Est. Return
+28.34%
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
$2.61B
AUM Growth
+$250M
Cap. Flow
-$270M
Cap. Flow %
-10.35%
Top 10 Hldgs %
71.8%
Holding
57
New
6
Increased
10
Reduced
17
Closed
11

Top Buys

Rank Stock Value
1
LUV icon
Southwest Airlines
LUV
+$80M
2
SABR icon
Sabre
SABR
+$33M
3
SYF icon
Synchrony
SYF
+$29.2M
4
AAL icon
American Airlines Group
AAL
+$18.8M
5
PENN icon
PENN Entertainment
PENN
+$9.73M

Top Sells

Rank Stock Value
1
DVA icon
DaVita
DVA
+$161M
2
EXPE icon
Expedia Group
EXPE
+$111M
3
JBLU icon
JetBlue
JBLU
+$44.1M
4
ALK icon
Alaska Air
ALK
+$29.8M
5
ALGT icon
Allegiant Air
ALGT
+$29.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 41.82%
2 Industrials 27.19%
3 Financials 11.77%
4 Technology 6.53%
5 Healthcare 6.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BKNG icon
1
Booking.com
BKNG
$132B
$504M 19.34%
7,911,100
-125,000
-2% -$7.61M
UAL icon
2
United Airlines
UAL
$35.4B
$262M 10.05%
7,561,591
-314,200
-4% -$9.42M
EXPE icon
3
Expedia Group
EXPE
$33.7B
$199M 7.65%
2,423,617
-1,529,022
-39% -$111M
DVA icon
4
DaVita
DVA
$12.1B
$166M 6.35%
2,091,400
-2,067,600
-50% -$161M
SYF icon
5
Synchrony
SYF
$24.7B
$144M 5.53%
6,500,000
+1,500,000
+30% +$29.2M
CHDN icon
6
Churchill Downs
CHDN
$5.83B
$140M 5.36%
2,097,440
-2,560
-0.1% -$146K
ALGT icon
7
Allegiant Air
ALGT
$2.15B
$139M 5.33%
1,270,676
-318,865
-20% -$29.1M
WEX icon
8
WEX
WEX
$6.84B
$132M 5.07%
800,000
– –
DAL icon
9
Delta Air Lines
DAL
$52.5B
$98.7M 3.79%
3,517,000
-516,500
-13% -$13.1M
LUV icon
10
Southwest Airlines
LUV
$19.3B
$87.1M 3.34%
2,548,000
+2,517,000
+8,119% +$80M
V icon
11
Visa
V
$701B
$86.9M 3.34%
450,000
– –
BALY icon
12
Bally's
BALY
$463M
$61.3M 2.35%
2,751,299
+17,519
+0.6% +$309K
TRIP icon
13
TripAdvisor
TRIP
$1.08B
$49.7M 1.91%
2,613,100
-765,917
-23% -$14.6M
BYD icon
14
Boyd Gaming
BYD
$5.59B
$48.5M 1.86%
2,319,237
+414,772
+22% +$7.56M
CVNA icon
15
Carvana
CVNA
$51B
$44.3M 1.7%
1,842,940
– –
TRVG
16
trivago
TRVG
$397M
$41.4M 1.59%
4,205,959
– –
PFSI icon
17
PennyMac Financial
PFSI
$3.58B
$39.5M 1.52%
944,900
– –
SABR icon
18
Sabre
SABR
$876M
$37.5M 1.44%
+4,656,406
New +$33M
ALK icon
19
Alaska Air
ALK
$4.54B
$36.3M 1.39%
1,000,000
-915,361
-48% -$29.8M
AAL icon
20
American Airlines Group
AAL
$8.67B
$35.3M 1.35%
2,700,000
+1,550,000
+135% +$18.8M
TRUE
21
DELISTED
TrueCar
TRUE
$26.6M 1.02%
10,299,504
– –
SCHW
22
Charles Schwab
SCHW
$186B
$26.1M 1%
775,000
+75,000
+11% +$2.69M
JBLU icon
23
JetBlue
JBLU
$1.65B
$21.8M 0.84%
2,000,000
-4,478,547
-69% -$44.1M
PENN icon
24
PENN Entertainment
PENN
$2.39B
$21.4M 0.82%
701,300
+425,000
+154% +$9.73M
SAVE
25
DELISTED
Spirit Airlines, Inc.
SAVE
$17.8M 0.68%
1,000,000
-639,921
-39% -$9.13M
1
2 3

Similar funds

SIC
Salem Investment Counselors Winston Salem, North Carolina $4.03B AUM 61.49% 1-Year Est. Return
KRS
Kentucky Retirement Systems Frankfort, Kentucky $4.03B AUM 45.39% 1-Year Est. Return
PWP
Perfromance Wealth Partners Hinsdale, Illinois $4.03B AUM 33.76% 1-Year Est. Return
HA
Homestead Advisers Arlington, Virginia $4.02B AUM 34.55% 1-Year Est. Return
VI
Vestcor Inc Fredericton, New Brunswick, Canada $4.05B AUM 34.57% 1-Year Est. Return
WB
WesBanco Bank Wheeling, West Virginia $4.02B AUM 32.62% 1-Year Est. Return
SCTC
Sanibel Captiva Trust Company Sanibel, Florida $4.02B AUM 34.36% 1-Year Est. Return
APP
Avantax Planning Partners Dubuque, Iowa $4.02B AUM 20% 1-Year Est. Return

PAR Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, PAR Capital Management held 57 positions worth $2.61B, up 11% from $2.36B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

PAR Capital Management withdrew a net $270M in Q2 2020, closing 11 positions and reducing 17 holdings. Its most notable exit was Select Medical, an estimated $8.52M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, up from 39% a quarter earlier, followed by Industrials and Financials.

Against the trend, PAR Capital Management opened a new position in Sabre worth $37.5M.

  • PAR Capital Management's largest Q2 2020 buy was Sabre: 4,656,406 shares worth $37.5M.
  • PAR Capital Management added most to Southwest Airlines in Q2 2020, an estimated $80M increase.
  • PAR Capital Management's biggest Q2 2020 reduction was DaVita, cutting an estimated $161M.
  • PAR Capital Management fully exited Select Medical in Q2 2020, selling an estimated $8.52M.
  • PAR Capital Management's ten largest holdings make up 72% of its $2.61B portfolio in Q2 2020.
  • PAR Capital Management opened 6 new positions and closed 11 in Q2 2020.
  • PAR Capital Management's portfolio value rose 11% quarter-over-quarter to $2.61B.

Based on PAR Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.