Par Capital Management Inc

Investment Portfolio & 13F Holdings Analysis

About

Type: FundHoldings: 46Value: $3.0BLatest: 2025Q1

PAR CAPITAL MANAGEMENT INC is an institutional investment manager that filed its latest Form 13F for 2025Q1, reporting 46 holdings worth $3.0 billion. Form 13F filings provide transparency into the equity holdings of institutional investment managers with over $100 million in assets under management. This page displays the most recent portfolio holdings, allowing investors to track position changes, new investments, and portfolio composition.

AI_NATIVE detailed information: This accession holds the following tickers:[
  "FLEX",
  "GRAB",
  "LYFT",
  "H",
  "SABR",
  "HTZ",
  "RYAAY",
  "SKYW",
  null,
  "EXPE",
  "ALGT",
  "HLT",
  "ULCC",
  "BKNG",
  "META",
  "LTM",
  "SNCY",
  "MA",
  "ALK",
  "DASH",
  "UBER",
  "UAL",
  "SCHW",
  "TRIP",
  "GBTG",
  "SEIC",
  "WEX",
  "EB",
  "JBLU",
  "AMZN",
  "LUV",
  "V",
  "WBS",
  "WH",
  "CART",
  "SYF",
  "CAR",
  "AVDX",
  "BAC",
  "CVNA",
  "CARG",
  "CCL",
  "C",
  "DAL",
  "MAR",
  "GOOG"
]

Filing Details

13F-HR • 2025-03-31

SEC FilingSEC DataHachi Filing

Report Date: 2025-03-31
Filing Date: 2025-05-15
Total Holdings: 46
Total Value: 2981916959
Accession Number: 0001051359-25-000005
Form Type: 13F-HR
CIK: par-capital-management
Manager Name: Par-Capital-Management

Data Enrichment

98% identified

45 identified1 unidentified

Holdings

SEC FilingSEC DataHachi Filing

Manager:

46 positions • $3.0B total value

SEC FilingSEC DataHachi Filing

Manager:

Search and click to pin securities to the top

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Expedia Group, Inc.

EXPE|30212P303

Shares:2.4M

Value:$401.4M

% of Portfolio:13.5% ($401.4M/$3.0B)

Synchrony Financial

SYF|87165B103

Shares:7.5M

Value:$397.1M

% of Portfolio:13.3% ($397.1M/$3.0B)

United Airlines Holdings, Inc.

UAL|910047109

Shares:4.8M

Value:$334.3M

% of Portfolio:11.2% ($334.3M/$3.0B)

Uber Technologies, Inc

UBER|90353T100

Shares:4.5M

Value:$330.0M

% of Portfolio:11.1% ($330.0M/$3.0B)

WEX Inc.

WEX|96208T104

Shares:1.9M

Value:$290.6M

% of Portfolio:9.7% ($290.6M/$3.0B)

SOUTHWEST AIRLINES CO

LUV|844741108

Shares:5.9M

Value:$198.7M

% of Portfolio:6.7% ($198.7M/$3.0B)

Booking Holdings Inc.

BKNG|09857L108

Shares:37.7K

Value:$173.8M

% of Portfolio:5.8% ($173.8M/$3.0B)

DELTA AIR LINES, INC.

DAL|247361702

Shares:3.6M

Value:$155.4M

% of Portfolio:5.2% ($155.4M/$3.0B)

CarGurus, Inc.

CARG|141788109

Shares:2.8M

Value:$81.9M

% of Portfolio:2.7% ($81.9M/$3.0B)

CARVANA CO.

CVNA|146869102

Shares:377.2K

Value:$78.9M

% of Portfolio:2.6% ($78.9M/$3.0B)

SCHWAB CHARLES CORP

SCHW|808513105

Shares:905.0K

Value:$70.8M

% of Portfolio:2.4% ($70.8M/$3.0B)

AVIS BUDGET GROUP, INC.

CAR|053774105

Shares:751.8K

Value:$57.1M

% of Portfolio:1.9% ($57.1M/$3.0B)

ALASKA AIR GROUP, INC.

ALK|011659109

Shares:1.1M

Value:$52.9M

% of Portfolio:1.8% ($52.9M/$3.0B)

TripAdvisor, Inc.

TRIP|896945201

Shares:2.9M

Value:$41.0M

% of Portfolio:1.4% ($41.0M/$3.0B)

WEBSTER FINANCIAL CORP

WBS|947890109

Shares:700.0K

Value:$36.1M

% of Portfolio:1.2% ($36.1M/$3.0B)

Sabre Corp

SABR|78573M104

Shares:12.3M

Value:$34.5M

% of Portfolio:1.2% ($34.5M/$3.0B)

SKYWEST INC

SKYW|830879102

Shares:363.5K

Value:$31.8M

% of Portfolio:1.1% ($31.8M/$3.0B)

AvidXchange Holdings, Inc.

AVDX|05368X102

Shares:3.3M

Value:$28.0M

% of Portfolio:0.9% ($28.0M/$3.0B)

Allegiant Travel CO

ALGT|01748X102

Shares:526.4K

Value:$27.2M

% of Portfolio:0.9% ($27.2M/$3.0B)

Sun Country Airlines Holdings, Inc.

SNCY|866683105

Shares:2.0M

Value:$24.1M

% of Portfolio:0.8% ($24.1M/$3.0B)

Instrument	Shares		Other Manager	Value	% of Portfolio
Expedia Group, Inc.(EXPEcusip30212P303)	2.4M	QoQ +0.54% (-12.9K) YoY -15.77% (-447.1K)	All Managers (Combined)	$401.4M	13.5% ($401.4M/$3.0B)	QoQ -9.29% (-$41.1M) YoY +2.78% (-$10.9M)
Synchrony Financial(SYFcusip87165B103)	7.5M	QoQ +1.35% (-100.0K) YoY -10.71% (-900.0K)	All Managers (Combined)	$397.1M	13.3% ($397.1M/$3.0B)	QoQ -17.45% (-$84.0M) YoY +9.61% (-$34.8M)
United Airlines Holdings, Inc.(UALcusip910047109)	4.8M	QoQ 0.00% (-0) YoY +6.18% (+282.0K)	All Managers (Combined)	$334.3M	11.2% ($334.3M/$3.0B)	QoQ -28.88% (-$135.8M) YoY +53.13% (+$116.0M)
Uber Technologies, Inc(UBERcusip90353T100)	4.5M	QoQ +17.14% (+663.0K) YoY +4.85% (-209.8K)	All Managers (Combined)	$330.0M	11.1% ($330.0M/$3.0B)	QoQ +41.49% (+$96.8M) YoY -0.76% (-$2.6M)
WEX Inc.(WEXcusip96208T104)	1.9M	QoQ +0.02% (-500) YoY +0.02% (-500)	All Managers (Combined)	$290.6M	9.7% ($290.6M/$3.0B)	QoQ -10.41% (-$33.8M) YoY -33.87% (-$148.9M)
SOUTHWEST AIRLINES CO(LUVcusip844741108)	5.9M	QoQ +245.55% (+4.2M) YoY +275.86% (+4.3M)	All Managers (Combined)	$198.7M	6.7% ($198.7M/$3.0B)	QoQ +245.13% (+$141.1M) YoY +332.39% (+$152.7M)
Booking Holdings Inc.(BKNGcusip09857L108)	37.7K	QoQ -0.07% (-30) YoY -68.86% (-83.5K)	All Managers (Combined)	$173.8M	5.8% ($173.8M/$3.0B)	QoQ -7.34% (-$13.8M) YoY -60.46% (-$265.9M)
DELTA AIR LINES, INC.(DALcusip247361702)	3.6M	QoQ -20.00% (-891.0K) YoY -20.00% (-891.0K)	All Managers (Combined)	$155.4M	5.2% ($155.4M/$3.0B)	QoQ -42.34% (-$114.1M) YoY -27.13% (-$57.9M)
CarGurus, Inc.(CARGcusip141788109)	2.8M	QoQ +5.39% (-143.9K) YoY +89.28% (+1.3M)	All Managers (Combined)	$81.9M	2.7% ($81.9M/$3.0B)	QoQ -15.97% (-$15.6M) YoY +138.90% (+$47.6M)
CARVANA CO.(CVNAcusip146869102)	377.2K	QoQ +23.98% (+73.0K) YoY -25.45% (-128.8K)	All Managers (Combined)	$78.9M	2.6% ($78.9M/$3.0B)	QoQ +27.46% (+$17.0M) YoY +77.29% (-$34.4M)
SCHWAB CHARLES CORP(SCHWcusip808513105)	905.0K	QoQ 0.00% (+0) YoY -24.58% (-295.0K)	All Managers (Combined)	$70.8M	2.4% ($70.8M/$3.0B)	QoQ +5.76% (+$3.9M) YoY -18.39% (-$16.0M)
AVIS BUDGET GROUP, INC.(CARcusip053774105)	751.8K	QoQ 0.00% (-0) YoY -5.79% (-46.3K)	All Managers (Combined)	$57.1M	1.9% ($57.1M/$3.0B)	QoQ -5.84% (-$3.5M) YoY -41.61% (-$40.7M)
ALASKA AIR GROUP, INC.(ALKcusip011659109)	1.1M	QoQ +26.37% (-224.5K) YoY +10.34% (+100.9K)	All Managers (Combined)	$52.9M	1.8% ($52.9M/$3.0B)	QoQ -3.93% (-$2.2M) YoY +26.34% (+$11.0M)
TripAdvisor, Inc.(TRIPcusip896945201)	2.9M	QoQ +29.19% (+654.5K) YoY +516.27% (+2.4M)	All Managers (Combined)	$41.0M	1.4% ($41.0M/$3.0B)	QoQ +23.94% (+$7.9M) YoY +214.23% (+$28.0M)
WEBSTER FINANCIAL CORP(WBScusip947890109)	700.0K	QoQ 0.00% (-0) YoY +75.00% (+300.0K)	All Managers (Combined)	$36.1M	1.2% ($36.1M/$3.0B)	QoQ -6.64% (-$2.6M) YoY +77.68% (+$15.8M)
Sabre Corp(SABRcusip78573M104)	12.3M	QoQ +12.88% (-1.4M) YoY +145.34% (+7.3M)	All Managers (Combined)	$34.5M	1.2% ($34.5M/$3.0B)	QoQ -13.09% (-$5.2M) YoY +184.87% (+$22.4M)
SKYWEST INC(SKYWcusip830879102)	363.5K	QoQ +51.47% (+123.5K) YoY +48.68% (+119.0K)	All Managers (Combined)	$31.8M	1.1% ($31.8M/$3.0B)	QoQ +32.17% (+$7.7M) YoY +88.05% (+$14.9M)
AvidXchange Holdings, Inc.(AVDXcusip05368X102)	3.3M	QoQ +10.00% (-300.0K) YoY +29.41% (-750.0K)	All Managers (Combined)	$28.0M	0.9% ($28.0M/$3.0B)	QoQ -9.78% (-$3.0M) YoY -16.54% (-$5.5M)
Allegiant Travel CO(ALGTcusip01748X102)	526.4K	QoQ -2.43% (-13.1K) YoY +74.58% (+224.9K)	All Managers (Combined)	$27.2M	0.9% ($27.2M/$3.0B)	QoQ -46.45% (-$23.6M) YoY +19.89% (+$4.5M)
Sun Country Airlines Holdings, Inc.(SNCYcusip866683105)	2.0M	QoQ -13.10% (-295.6K) YoY -21.79% (-546.1K)	All Managers (Combined)	$24.1M	0.8% ($24.1M/$3.0B)	QoQ -26.57% (-$8.7M) YoY -36.15% (-$13.7M)