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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
-2.26%
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
$3.18B
AUM Growth
-$39.5M
Cap. Flow
+$99.3M
Cap. Flow %
3.13%
Top 10 Hldgs %
81.54%
Holding
54
New
5
Increased
13
Reduced
8
Closed
4

Top Buys

Rank Stock Value
1
EXPE icon
Expedia Group
EXPE
+$30.7M
2
TSLA icon
Tesla
TSLA
+$29.7M
3
CARG icon
CarGurus
CARG
+$18.1M
4
ALGT icon
Allegiant Air
ALGT
+$11.3M
5
WBS icon
Webster Financial
WBS
+$8.91M

Top Sells

Rank Stock Value
1
TRIP icon
TripAdvisor
TRIP
+$8.35M
2
AAL icon
American Airlines Group
AAL
+$6.85M
3
WEX icon
WEX
WEX
+$2.04M
4
VCSA
Vacasa, Inc. Class A Common Stock
VCSA
+$1.14M
5
LUV icon
Southwest Airlines
LUV
+$878K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 35.06%
2 Industrials 24.95%
3 Technology 22.64%
4 Financials 16.95%
5 Communication Services 0.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BKNG icon
1
Booking.com
BKNG
$158B
$488M 15.37%
3,080,000
+50,000
+2% +$7.41M
SYF icon
2
Synchrony
SYF
$24.7B
$396M 12.48%
8,400,000
– –
EXPE icon
3
Expedia Group
EXPE
$37.2B
$389M 12.23%
3,083,645
+248,780
+9% +$30.7M
WEX icon
4
WEX
WEX
$6.47B
$326M 10.26%
1,840,000
-10,000
-0.5% -$2.04M
UBER icon
5
Uber
UBER
$146B
$315M 9.93%
4,337,800
+17,800
+0.4% +$1.24M
UAL icon
6
United Airlines
UAL
$39.5B
$222M 6.99%
4,559,050
– –
DAL icon
7
Delta Air Lines
DAL
$57.7B
$211M 6.65%
4,455,000
– –
CAR icon
8
Avis
CAR
$5.34B
$88.8M 2.8%
850,000
+51,979
+7% +$5.83M
SCHW
9
Charles Schwab
SCHW
$183B
$88.4M 2.78%
1,200,000
– –
CVNA icon
10
Carvana
CVNA
$48.9B
$65.1M 2.05%
2,530,000
– –
CARG icon
11
CarGurus
CARG
$3.38B
$58.9M 1.85%
2,246,727
+761,727
+51% +$18.1M
ABNB icon
12
Airbnb
ABNB
$91.8B
$45.5M 1.43%
300,000
– –
LUV icon
13
Southwest Airlines
LUV
$22B
$44.1M 1.39%
1,542,618
-31,482
-2% -$878K
ALK icon
14
Alaska Air
ALK
$5.21B
$39M 1.23%
964,953
-9,747
-1% -$414K
TSLA icon
15
Tesla
TSLA
$1.2T
$38.1M 1.2%
192,300
+169,800
+755% +$29.7M
HA
16
DELISTED
Hawaiian Holdings, Inc.
HA
$37M 1.16%
2,974,630
+183,630
+7% +$2.4M
XYZ
17
Block Inc
XYZ
$49.6B
$32.2M 1.02%
500,000
– –
SNCY
18
DELISTED
Sun Country Airlines
SNCY
$31.5M 0.99%
2,505,506
– –
AVDX
19
DELISTED
AvidXchange
AVDX
$31.4M 0.99%
2,600,000
+50,000
+2% +$571K
WBS icon
20
Webster Financial
WBS
$12.4B
$26.2M 0.82%
600,000
+200,000
+50% +$8.91M
CMA
21
DELISTED
Comerica
CMA
$25.5M 0.8%
500,000
– –
ALGT icon
22
Allegiant Air
ALGT
$2.65B
$25.3M 0.8%
503,306
+201,778
+67% +$11.3M
AAL icon
23
American Airlines Group
AAL
$9.95B
$22.7M 0.71%
2,000,000
-521,245
-21% -$6.85M
SKYW icon
24
Skywest
SKYW
$4.4B
$19.7M 0.62%
239,941
-4,500
-2% -$336K
VLRS
25
Controladora Vuela Compania de Aviacion
VLRS
$890M
$18.9M 0.59%
2,964,401
-17,761
-0.6% -$137K
1
2 3

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PAR Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, PAR Capital Management held 54 positions worth $3.18B, down 1.2% from $3.22B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

PAR Capital Management deployed $99.3M of net new capital in Q2 2024, opening 5 new positions and adding to 13 existing holdings. Its largest new stake was Citigroup: 12,000 shares worth $762K.

By sector, the portfolio is most concentrated in Consumer Discretionary at 35% of assets, up from 31% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was TripAdvisor, an estimated $8.35M trimmed.

  • PAR Capital Management's largest Q2 2024 buy was Citigroup: 12,000 shares worth $762K.
  • PAR Capital Management added most to Expedia Group in Q2 2024, an estimated $30.7M increase.
  • PAR Capital Management's biggest Q2 2024 reduction was TripAdvisor, cutting an estimated $8.35M.
  • PAR Capital Management fully exited Squarespace, Inc. in Q2 2024, selling an estimated $820K.
  • PAR Capital Management's ten largest holdings make up 82% of its $3.18B portfolio in Q2 2024.
  • PAR Capital Management opened 5 new positions and closed 4 in Q2 2024.
  • PAR Capital Management's portfolio value fell 1.2% quarter-over-quarter to $3.18B.

Based on PAR Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.