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
-13.18%
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
$3.45B
AUM Growth
-$332M
Cap. Flow
+$200M
Cap. Flow %
5.8%
Top 10 Hldgs %
82.72%
Holding
59
New
6
Increased
16
Reduced
14
Closed
11

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$211M
2
BKNG icon
Booking.com
BKNG
+$83.2M
3
V icon
Visa
V
+$25.4M
4
TRIP icon
TripAdvisor
TRIP
+$22M
5
ALGT icon
Allegiant Air
ALGT
+$20.4M

Top Sells

Rank Stock Value
1
SCHW
Charles Schwab
SCHW
+$64.6M
2
WBS
Webster Financial
WBS
+$48.3M
3
AERO
Grupo Aeromexico SAB de CV
AERO
+$30.4M
4
CARS icon
Cars.com
CARS
+$25.1M
5
MAR icon
Marriott International
MAR
+$14.8M

Sector Composition

Rank Sector Weight
1 Industrials 34.91%
2 Consumer Discretionary 28%
3 Technology 19.46%
4 Financials 16.57%
5 Communication Services 0.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SYF icon
1
Synchrony
SYF
$25.4B
$518M 15%
7,612,137
+112,137
+1% +$8.15M
UAL icon
2
United Airlines
UAL
$35.9B
$460M 13.33%
4,996,850
+102,000
+2% +$10.7M
EXPE icon
3
Expedia Group
EXPE
$39.5B
$451M 13.06%
1,952,120
+3,674
+0.2% +$902K
WEX icon
4
WEX
WEX
$6.72B
$345M 10%
2,254,984
+2,984
+0.1% +$466K
UBER icon
5
Uber
UBER
$161B
$269M 7.79%
3,736,973
+2,741,773
+275% +$211M
DAL icon
6
Delta Air Lines
DAL
$52.7B
$234M 6.77%
3,514,445
-59,765
-2% -$4.02M
LUV icon
7
Southwest Airlines
LUV
$19.4B
$196M 5.68%
5,219,192
+269,000
+5% +$12.1M
BKNG icon
8
Booking.com
BKNG
$155B
$179M 5.19%
1,064,325
+452,150
+74% +$83.2M
CVNA icon
9
Carvana
CVNA
$53.3B
$109M 3.17%
1,739,360
-14,000
-0.8% -$1.04M
ABNB icon
10
Airbnb
ABNB
$112B
$94.4M 2.73%
747,500
+17,600
+2% +$2.29M
ALGT icon
11
Allegiant Air
ALGT
$2.16B
$68.6M 1.99%
846,191
+222,110
+36% +$20.4M
ALK icon
12
Alaska Air
ALK
$4.72B
$58.2M 1.69%
1,581,500
– –
H icon
13
Hyatt Hotels
H
$16.2B
$48.7M 1.41%
338,500
-300
-0.1% -$47.6K
TRIP icon
14
TripAdvisor
TRIP
$1.16B
$43.4M 1.26%
4,072,054
+1,891,490
+87% +$22M
LYFT icon
15
Lyft
LYFT
$6.7B
$41.6M 1.21%
3,130,000
-10,000
-0.3% -$155K
SKYW icon
16
Skywest
SKYW
$3.84B
$32.9M 0.95%
357,923
-1,958
-0.5% -$193K
MAR icon
17
Marriott International
MAR
$91.5B
$29.4M 0.85%
90,000
-44,900
-33% -$14.8M
CAR icon
18
Avis
CAR
$4.88B
$29.2M 0.85%
200,000
– –
SNCY
19
DELISTED
Sun Country Airlines
SNCY
$24.2M 0.7%
1,467,800
-532,200
-27% -$9.5M
V icon
20
Visa
V
$712B
$24.2M 0.7%
80,000
+78,960
+7,592% +$25.4M
SCHW
21
Charles Schwab
SCHW
$191B
$23.8M 0.69%
253,300
-658,700
-72% -$64.6M
RYAAY icon
22
Ryanair
RYAAY
$29.1B
$19.9M 0.58%
345,000
– –
JBLU icon
23
JetBlue
JBLU
$1.81B
$19.7M 0.57%
4,457,425
– –
CPA icon
24
Copa Holdings
CPA
$5.29B
$17.9M 0.52%
157,197
– –
BILL icon
25
BILL Holdings
BILL
$5.01B
$15.3M 0.44%
400,000
+75,000
+23% +$3.35M
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 Q1 2026 Portfolio in Review

As of Q1 2026, PAR Capital Management held 59 positions worth $3.45B, down 8.8% from $3.78B the previous quarter. Its ten largest holdings account for 83% of the portfolio.

PAR Capital Management deployed $200M of net new capital in Q1 2026, opening 6 new positions and adding to 16 existing holdings. Its largest new stake was Citizens Financial Group: 16,000 shares worth $960K.

By sector, the portfolio is most concentrated in Industrials at 35% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Charles Schwab, an estimated $64.6M trimmed.

  • PAR Capital Management's largest Q1 2026 buy was Citizens Financial Group: 16,000 shares worth $960K.
  • PAR Capital Management added most to Uber in Q1 2026, an estimated $211M increase.
  • PAR Capital Management's biggest Q1 2026 reduction was Charles Schwab, cutting an estimated $64.6M.
  • PAR Capital Management fully exited Grupo Aeromexico SAB de CV in Q1 2026, selling an estimated $30.4M.
  • PAR Capital Management's ten largest holdings make up 83% of its $3.45B portfolio in Q1 2026.
  • PAR Capital Management opened 6 new positions and closed 11 in Q1 2026.
  • PAR Capital Management's portfolio value fell 8.8% quarter-over-quarter to $3.45B.

Based on PAR Capital Management's 13F filing for Q1 2026, filed 15 May 2026.