Filed: 2/14/2025ACC: 0001051359-25-000003
📋 What this filing means
PAR CAPITAL MANAGEMENT INC filed this quarterly 13F‑HR report disclosing 57 equity positions with a total reported market value of $3.39B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
57
Positions
$3.39B
Total AUM (reported)
67.72M
Total Shares
Allocation by class
COM$2.37B70.1%
COM NEW$716.20M21.1%
CL A$128.89M3.8%
COM CL A$114.86M3.4%
SPONSORED ADR$27.93M0.8%
SPON ADR RP 10$9.39M0.3%
SPON ADS A SHS N$7.73M0.2%
Portfolio Concentration
Top 3$1.39B41.1%
4–10$1.26B37.1%
11–25$616.03M18.2%
Rest$121.69M3.6%
Top 3 weight
41.1%
Top 10 weight
78.2%
Voting Authority Distribution
Total shares with voting rights: 67.72M
Sole
Full voting authority
67.72M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole57
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings57
Rows:
SYNCHRONY FINANCIAL
SOLEShares7.40M
TypeSH
Market value$481.00M
14.19%
Sole
7.40M
Shared
0.00
None
0.00
UNITED AIRLS HLDGS INC
SOLEShares4.84M
TypeSH
Market value$470.07M
13.87%
Sole
4.84M
Shared
0.00
None
0.00
EXPEDIA GROUP INC
SOLEShares2.37M
TypeSH
Market value$442.50M
13.06%
Sole
2.37M
Shared
0.00
None
0.00
WEX INC
SOLEShares1.85M
TypeSH
Market value$324.34M
9.57%
Sole
1.85M
Shared
0.00
None
0.00
DELTA AIR LINES INC DEL
SOLEShares4.46M
TypeSH
Market value$269.53M
7.95%
Sole
4.46M
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC
SOLEShares3.87M
TypeSH
Market value$233.25M
6.88%
Sole
3.87M
Shared
0.00
None
0.00
BOOKING HOLDINGS INC
SOLEShares37.76K
TypeSH
Market value$187.61M
5.54%
Sole
37.76K
Shared
0.00
None
0.00
CARGURUS INC
SOLEShares2.70M
TypeSH
Market value$98.59M
2.91%
Sole
2.70M
Shared
0.00
None
0.00
TESLA INC
SOLEShares192.30K
TypeSH
Market value$77.66M
2.29%
Sole
192.30K
Shared
0.00
None
0.00
SCHWAB CHARLES CORP
SOLEShares905K
TypeSH
Market value$66.98M
1.98%
Sole
905K
Shared
0.00
None
0.00
CARVANA CO
SOLEShares304.24K
TypeSH
Market value$61.87M
1.83%
Sole
304.24K
Shared
0.00
None
0.00
AVIS BUDGET GROUP
SOLEShares751.77K
TypeSH
Market value$60.60M
1.79%
Sole
751.77K
Shared
0.00
None
0.00
SOUTHWEST AIRLS CO
SOLEShares1.71M
TypeSH
Market value$57.56M
1.70%
Sole
1.71M
Shared
0.00
None
0.00
ALASKA AIR GROUP INC
SOLEShares851.09K
TypeSH
Market value$55.11M
1.63%
Sole
851.09K
Shared
0.00
None
0.00
ALLEGIANT TRAVEL CO
SOLEShares539.55K
TypeSH
Market value$50.78M
1.50%
Sole
539.55K
Shared
0.00
None
0.00
BLOCK INC
SOLEShares505.50K
TypeSH
Market value$42.96M
1.27%
Sole
505.50K
Shared
0.00
None
0.00
SABRE CORP
SOLEShares10.87M
TypeSH
Market value$39.66M
1.17%
Sole
10.87M
Shared
0.00
None
0.00
WEBSTER FINL CORP
SOLEShares700K
TypeSH
Market value$38.65M
1.14%
Sole
700K
Shared
0.00
None
0.00
AMERICAN AIRLS GROUP INC
SOLEShares2M
TypeSH
Market value$34.86M
1.03%
Sole
2M
Shared
0.00
None
0.00
TRIPADVISOR INC
SOLEShares2.24M
TypeSH
Market value$33.11M
0.98%
Sole
2.24M
Shared
0.00
None
0.00
SUN CTRY AIRLS HLDGS INC
SOLEShares2.25M
TypeSH
Market value$32.88M
0.97%
Sole
2.25M
Shared
0.00
None
0.00
AVIDXCHANGE HOLDINGS INC
SOLEShares3M
TypeSH
Market value$31.02M
0.92%
Sole
3M
Shared
0.00
None
0.00
COMERICA INC
SOLEShares500K
TypeSH
Market value$30.93M
0.91%
Sole
500K
Shared
0.00
None
0.00
SKYWEST INC
SOLEShares239.94K
TypeSH
Market value$24.03M
0.71%
Sole
239.94K
Shared
0.00
None
0.00
MARRIOTT INTL INC NEW
SOLEShares78.90K
TypeSH
Market value$22.01M
0.65%
Sole
78.90K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SYNCHRONY FINANCIALSOLE | COM | 7.40M | SH | $481.00M 14.19% | 7.40M | 0.00 | 0.00 |
UNITED AIRLS HLDGS INCSOLE | COM | 4.84M | SH | $470.07M 13.87% | 4.84M | 0.00 | 0.00 |
EXPEDIA GROUP INCSOLE | COM NEW | 2.37M | SH | $442.50M 13.06% | 2.37M | 0.00 | 0.00 |
WEX INCSOLE | COM | 1.85M | SH | $324.34M 9.57% | 1.85M | 0.00 | 0.00 |
DELTA AIR LINES INC DELSOLE | COM NEW | 4.46M | SH | $269.53M 7.95% | 4.46M | 0.00 | 0.00 |
UBER TECHNOLOGIES INCSOLE | COM | 3.87M | SH | $233.25M 6.88% | 3.87M | 0.00 | 0.00 |
BOOKING HOLDINGS INCSOLE | COM | 37.76K | SH | $187.61M 5.54% | 37.76K | 0.00 | 0.00 |
CARGURUS INCSOLE | COM CL A | 2.70M | SH | $98.59M 2.91% | 2.70M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 192.30K | SH | $77.66M 2.29% | 192.30K | 0.00 | 0.00 |
SCHWAB CHARLES CORPSOLE | COM | 905K | SH | $66.98M 1.98% | 905K | 0.00 | 0.00 |
CARVANA COSOLE | CL A | 304.24K | SH | $61.87M 1.83% | 304.24K | 0.00 | 0.00 |
AVIS BUDGET GROUPSOLE | COM | 751.77K | SH | $60.60M 1.79% | 751.77K | 0.00 | 0.00 |
SOUTHWEST AIRLS COSOLE | COM | 1.71M | SH | $57.56M 1.70% | 1.71M | 0.00 | 0.00 |
ALASKA AIR GROUP INCSOLE | COM | 851.09K | SH | $55.11M 1.63% | 851.09K | 0.00 | 0.00 |
ALLEGIANT TRAVEL COSOLE | COM | 539.55K | SH | $50.78M 1.50% | 539.55K | 0.00 | 0.00 |
BLOCK INCSOLE | CL A | 505.50K | SH | $42.96M 1.27% | 505.50K | 0.00 | 0.00 |
SABRE CORPSOLE | COM | 10.87M | SH | $39.66M 1.17% | 10.87M | 0.00 | 0.00 |
WEBSTER FINL CORPSOLE | COM | 700K | SH | $38.65M 1.14% | 700K | 0.00 | 0.00 |
AMERICAN AIRLS GROUP INCSOLE | COM | 2M | SH | $34.86M 1.03% | 2M | 0.00 | 0.00 |
TRIPADVISOR INCSOLE | COM | 2.24M | SH | $33.11M 0.98% | 2.24M | 0.00 | 0.00 |
SUN CTRY AIRLS HLDGS INCSOLE | COM | 2.25M | SH | $32.88M 0.97% | 2.25M | 0.00 | 0.00 |
AVIDXCHANGE HOLDINGS INCSOLE | COM | 3M | SH | $31.02M 0.92% | 3M | 0.00 | 0.00 |
COMERICA INCSOLE | COM | 500K | SH | $30.93M 0.91% | 500K | 0.00 | 0.00 |
SKYWEST INCSOLE | COM | 239.94K | SH | $24.03M 0.71% | 239.94K | 0.00 | 0.00 |
MARRIOTT INTL INC NEWSOLE | CL A | 78.90K | SH | $22.01M 0.65% | 78.90K | 0.00 | 0.00 |
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