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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
+9.45%
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
$3.53B
AUM Growth
+$350M
Cap. Flow
+$77M
Cap. Flow %
2.18%
Top 10 Hldgs %
81.95%
Holding
62
New
12
Increased
19
Reduced
7
Closed
6

Top Buys

Rank Stock Value
1
EXPE icon
Expedia Group
EXPE
+$22.5M
2
MAR icon
Marriott International
MAR
+$18.4M
3
UAL icon
United Airlines
UAL
+$13.1M
4
TRIP icon
TripAdvisor
TRIP
+$12.5M
5
LTM
LATAM Airlines Group S.A.
LTM
+$11.7M

Top Sells

Rank Stock Value
1
HA
Hawaiian Holdings, Inc.
HA
+$37M
2
VLRS
Controladora Vuela Compania de Aviacion
VLRS
+$4.2M
3
CAR icon
Avis
CAR
+$1.33M
4
C icon
Citigroup
C
+$762K
5
ALK icon
Alaska Air
ALK
+$732K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 37.43%
2 Industrials 23.53%
3 Technology 22.58%
4 Financials 16.11%
5 Communication Services 0.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BKNG icon
1
Booking.com
BKNG
$156B
$519M 14.72%
3,080,750
+750
+0% +$115K
EXPE icon
2
Expedia Group
EXPE
$36.5B
$482M 13.66%
3,253,609
+169,964
+6% +$22.5M
SYF icon
3
Synchrony
SYF
$24.4B
$419M 11.88%
8,400,000
– –
WEX icon
4
WEX
WEX
$6.42B
$388M 11%
1,850,000
+10,000
+0.5% +$1.86M
UBER icon
5
Uber
UBER
$145B
$327M 9.28%
4,353,700
+15,900
+0.4% +$1.12M
UAL icon
6
United Airlines
UAL
$38.8B
$276M 7.83%
4,841,050
+282,000
+6% +$13.1M
DAL icon
7
Delta Air Lines
DAL
$56.7B
$226M 6.42%
4,455,000
– –
CVNA icon
8
Carvana
CVNA
$47.5B
$87.8M 2.49%
2,522,000
-8,000
-0.3% -$230K
SCHW
9
Charles Schwab
SCHW
$182B
$84.3M 2.39%
1,300,000
+100,000
+8% +$6.57M
CARG icon
10
CarGurus
CARG
$3.34B
$80M 2.27%
2,663,956
+417,229
+19% +$11.2M
CAR icon
11
Avis
CAR
$5.47B
$73.2M 2.08%
835,300
-14,700
-2% -$1.33M
LUV icon
12
Southwest Airlines
LUV
$21.7B
$50.6M 1.44%
1,709,192
+166,574
+11% +$4.61M
TSLA icon
13
Tesla
TSLA
$1.18T
$50.3M 1.43%
192,300
– –
ALK icon
14
Alaska Air
ALK
$5.11B
$42.8M 1.21%
945,654
-19,299
-2% -$732K
ABNB icon
15
Airbnb
ABNB
$90.8B
$37.9M 1.08%
299,100
-900
-0.3% -$117K
XYZ
16
Block Inc
XYZ
$48.9B
$33.6M 0.95%
500,000
– –
WBS icon
17
Webster Financial
WBS
$12.3B
$32.6M 0.93%
700,000
+100,000
+17% +$4.59M
CMA
18
DELISTED
Comerica
CMA
$30M 0.85%
500,000
– –
SNCY
19
DELISTED
Sun Country Airlines
SNCY
$28.1M 0.8%
2,505,506
– –
ALGT icon
20
Allegiant Air
ALGT
$2.57B
$28.1M 0.8%
509,884
+6,578
+1% +$296K
AVDX
21
DELISTED
AvidXchange
AVDX
$27.2M 0.77%
3,350,000
+750,000
+29% +$7.06M
AAL icon
22
American Airlines Group
AAL
$9.82B
$22.5M 0.64%
2,000,000
– –
SKYW icon
23
Skywest
SKYW
$4.35B
$20.4M 0.58%
239,941
– –
MAR icon
24
Marriott International
MAR
$100B
$19.6M 0.56%
+78,800
New +$18.4M
JBLU icon
25
JetBlue
JBLU
$2.13B
$19.5M 0.55%
2,969,505
-29,995
-1% -$169K
1
2 3

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PAR Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, PAR Capital Management held 62 positions worth $3.53B, up 11% from $3.18B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

PAR Capital Management's Q3 2024 filing shows 12 new, 19 increased, 7 reduced and 6 closed positions. Its largest new stake was Marriott International: 78,800 shares worth $19.6M. The largest sale was Hawaiian Holdings, Inc., an estimated $37M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, up from 35% a quarter earlier, followed by Industrials and Technology.

  • PAR Capital Management's largest Q3 2024 buy was Marriott International: 78,800 shares worth $19.6M.
  • PAR Capital Management added most to Expedia Group in Q3 2024, an estimated $22.5M increase.
  • PAR Capital Management's biggest Q3 2024 reduction was Controladora Vuela Compania de Aviacion, cutting an estimated $4.2M.
  • PAR Capital Management fully exited Hawaiian Holdings, Inc. in Q3 2024, selling an estimated $37M.
  • PAR Capital Management's ten largest holdings make up 82% of its $3.53B portfolio in Q3 2024.
  • PAR Capital Management opened 12 new positions and closed 6 in Q3 2024.
  • PAR Capital Management's portfolio value rose 11% quarter-over-quarter to $3.53B.

Based on PAR Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.