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
+1.73%
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
$4.18B
AUM Growth
+$481M
Cap. Flow
+$450M
Cap. Flow %
10.74%
Top 10 Hldgs %
70.24%
Holding
71
New
15
Increased
12
Reduced
12
Closed
24

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$134M
2
UBER icon
Uber
UBER
+$128M
3
BKNG icon
Booking.com
BKNG
+$95.3M
4
SAVE
Spirit Airlines, Inc.
SAVE
+$93.4M
5
LUV icon
Southwest Airlines
LUV
+$63.9M

Top Sells

Rank Stock Value
1
V icon
Visa
V
+$97.5M
2
EXPE icon
Expedia Group
EXPE
+$57.6M
3
LYFT icon
Lyft
LYFT
+$43.5M
4
HLT icon
Hilton Worldwide
HLT
+$28.2M
5
ALGT icon
Allegiant Air
ALGT
+$18.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 41.17%
2 Industrials 21.63%
3 Technology 17.77%
4 Financials 12.46%
5 Communication Services 5.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXPE icon
1
Expedia Group
EXPE
$36.5B
$802M 19.17%
4,100,000
-307,666
-7% -$57.6M
BKNG icon
2
Booking.com
BKNG
$156B
$402M 9.62%
4,284,100
+1,020,000
+31% +$95.3M
TRIP icon
3
TripAdvisor
TRIP
$1.7B
$320M 7.64%
11,784,438
-562,608
-5% -$15M
WEX icon
4
WEX
WEX
$6.42B
$304M 7.27%
1,705,090
+1,900
+0.1% +$310K
UBER icon
5
Uber
UBER
$145B
$279M 6.67%
7,821,339
+3,567,539
+84% +$128M
SYF icon
6
Synchrony
SYF
$24.4B
$268M 6.41%
7,700,000
+200,000
+3% +$8.37M
LUV icon
7
Southwest Airlines
LUV
$21.7B
$158M 3.78%
3,454,404
+1,454,404
+73% +$63.9M
UAL icon
8
United Airlines
UAL
$38.8B
$144M 3.43%
3,100,000
-301,893
-9% -$13.1M
SABR icon
9
Sabre
SABR
$716M
$139M 3.32%
12,163,107
-233,900
-2% -$2.29M
CARG icon
10
CarGurus
CARG
$3.34B
$123M 2.93%
2,890,767
+900,767
+45% +$33.1M
META icon
11
Meta Platforms (Facebook)
META
$1.49T
$119M 2.84%
+535,000
New +$134M
DAL icon
12
Delta Air Lines
DAL
$56.7B
$119M 2.84%
3,000,000
+254,100
+9% +$9.89M
ALK icon
13
Alaska Air
ALK
$5.11B
$93M 2.22%
1,603,900
+16,100
+1% +$878K
SAVE
14
DELISTED
Spirit Airlines, Inc.
SAVE
$89.3M 2.13%
+4,083,763
New +$93.4M
SCHW
15
Charles Schwab
SCHW
$182B
$84.3M 2.01%
1,000,000
– –
ALGT icon
16
Allegiant Air
ALGT
$2.57B
$65M 1.55%
400,000
-109,500
-21% -$18.5M
SNCY
17
DELISTED
Sun Country Airlines
SNCY
$57.4M 1.37%
2,192,712
-23,600
-1% -$615K
AAL icon
18
American Airlines Group
AAL
$9.82B
$55.3M 1.32%
3,030,000
-107,500
-3% -$1.83M
BALY icon
19
Bally's
BALY
$708M
$55.3M 1.32%
1,798,819
-266,615
-13% -$9M
TRVG
20
trivago
TRVG
$385M
$52.1M 1.25%
4,417,165
+193,380
+5% +$2.18M
APLE icon
21
Apple Hospitality REIT
APLE
$3.97B
$50.2M 1.2%
2,795,631
+2,587,930
+1,246% +$44.3M
AXP icon
22
American Express
AXP
$224B
$46.8M 1.12%
250,000
– –
STT icon
23
State Street
STT
$48.4B
$39.2M 0.94%
450,000
– –
GOOGL icon
24
Alphabet (Google) Class A
GOOGL
$4.12T
$33.3M 0.8%
+238,400
New +$32.4M
ULCC icon
25
Frontier Group Holdings
ULCC
$1.49B
$32.9M 0.79%
+2,907,948
New +$36.5M
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 Q1 2022 Portfolio in Review

As of Q1 2022, PAR Capital Management held 71 positions worth $4.18B, up 13% from $3.7B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

PAR Capital Management deployed $450M of net new capital in Q1 2022, opening 15 new positions and adding to 12 existing holdings. Its largest new stake was Meta Platforms (Facebook): 535,000 shares worth $119M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 44% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Expedia Group, an estimated $57.6M trimmed.

  • PAR Capital Management's largest Q1 2022 buy was Meta Platforms (Facebook): 535,000 shares worth $119M.
  • PAR Capital Management added most to Uber in Q1 2022, an estimated $128M increase.
  • PAR Capital Management's biggest Q1 2022 reduction was Expedia Group, cutting an estimated $57.6M.
  • PAR Capital Management fully exited Visa in Q1 2022, selling an estimated $97.5M.
  • PAR Capital Management's ten largest holdings make up 70% of its $4.18B portfolio in Q1 2022.
  • PAR Capital Management opened 15 new positions and closed 24 in Q1 2022.
  • PAR Capital Management's portfolio value rose 13% quarter-over-quarter to $4.18B.

Based on PAR Capital Management's 13F filing for Q1 2022, filed 16 May 2022.