Filed: 5/15/2025ACC: 0001051359-25-000005
📋 What this filing means
PAR CAPITAL MANAGEMENT INC filed this quarterly 13F‑HR report disclosing 46 equity positions with a total reported market value of $2.99B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
46
Positions
$2.99B
Total AUM (reported)
71.76M
Total Shares
Allocation by class
COM$2.17B72.4%
COM NEW$561.42M18.8%
CL A$99.50M3.3%
COM CL A$95.14M3.2%
SPONSORED ADR$29.71M1.0%
CL A COM$18.70M0.6%
SPON ADS A SHS N$14.63M0.5%
Portfolio Concentration
Top 3$1.14B38.1%
4–10$1.31B43.8%
11–25$485.38M16.2%
Rest$55.04M1.8%
Top 3 weight
38.1%
Top 10 weight
81.9%
Voting Authority Distribution
Total shares with voting rights: 71.76M
Sole
Full voting authority
71.76M
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)
Sole46
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings46
Rows:
EXPEDIA GROUP INC
SOLEShares2.39M
TypeSH
Market value$401.38M
13.42%
Sole
2.39M
Shared
0.00
None
0.00
SYNCHRONY FINANCIAL
SOLEShares7.50M
TypeSH
Market value$397.05M
13.28%
Sole
7.50M
Shared
0.00
None
0.00
UNITED AIRLS HLDGS INC
SOLEShares4.94M
TypeSH
Market value$341.18M
11.41%
Sole
4.94M
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC
SOLEShares4.55M
TypeSH
Market value$331.17M
11.07%
Sole
4.55M
Shared
0.00
None
0.00
WEX INC
SOLEShares1.85M
TypeSH
Market value$290.57M
9.72%
Sole
1.85M
Shared
0.00
None
0.00
SOUTHWEST AIRLS CO
SOLEShares5.92M
TypeSH
Market value$198.68M
6.64%
Sole
5.92M
Shared
0.00
None
0.00
BOOKING HOLDINGS INC
SOLEShares37.73K
TypeSH
Market value$173.82M
5.81%
Sole
37.73K
Shared
0.00
None
0.00
DELTA AIR LINES INC DEL
SOLEShares3.56M
TypeSH
Market value$155.39M
5.20%
Sole
3.56M
Shared
0.00
None
0.00
CARGURUS INC
SOLEShares2.81M
TypeSH
Market value$81.88M
2.74%
Sole
2.81M
Shared
0.00
None
0.00
CARVANA CO
SOLEShares377.20K
TypeSH
Market value$78.86M
2.64%
Sole
377.20K
Shared
0.00
None
0.00
SCHWAB CHARLES CORP
SOLEShares905K
TypeSH
Market value$70.84M
2.37%
Sole
905K
Shared
0.00
None
0.00
AVIS BUDGET GROUP
SOLEShares751.77K
TypeSH
Market value$57.06M
1.91%
Sole
751.77K
Shared
0.00
None
0.00
ALASKA AIR GROUP INC
SOLEShares1.08M
TypeSH
Market value$52.94M
1.77%
Sole
1.08M
Shared
0.00
None
0.00
TRIPADVISOR INC
SOLEShares2.90M
TypeSH
Market value$41.04M
1.37%
Sole
2.90M
Shared
0.00
None
0.00
WEBSTER FINL CORP
SOLEShares700K
TypeSH
Market value$36.09M
1.21%
Sole
700K
Shared
0.00
None
0.00
SABRE CORP
SOLEShares12.27M
TypeSH
Market value$34.47M
1.15%
Sole
12.27M
Shared
0.00
None
0.00
SKYWEST INC
SOLEShares363.45K
TypeSH
Market value$31.75M
1.06%
Sole
363.45K
Shared
0.00
None
0.00
AVIDXCHANGE HOLDINGS INC
SOLEShares3.30M
TypeSH
Market value$27.98M
0.94%
Sole
3.30M
Shared
0.00
None
0.00
ALLEGIANT TRAVEL CO
SOLEShares526.43K
TypeSH
Market value$27.19M
0.91%
Sole
526.43K
Shared
0.00
None
0.00
SUN CTRY AIRLS HLDGS INC
SOLEShares1.96M
TypeSH
Market value$24.14M
0.81%
Sole
1.96M
Shared
0.00
None
0.00
MARRIOTT INTL INC NEW
SOLEShares79.10K
TypeSH
Market value$18.84M
0.63%
Sole
79.10K
Shared
0.00
None
0.00
LYFT INC
SOLEShares1.57M
TypeSH
Market value$18.70M
0.63%
Sole
1.57M
Shared
0.00
None
0.00
RYANAIR HOLDINGS PLC
SOLEShares356K
TypeSH
Market value$15.08M
0.50%
Sole
356K
Shared
0.00
None
0.00
TRIVAGO N V
SOLEShares3.57M
TypeSH
Market value$14.63M
0.49%
Sole
3.57M
Shared
0.00
None
0.00
LATAM AIRLINES GROUP SA
SOLEShares467.50K
TypeSH
Market value$14.62M
0.49%
Sole
467.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
EXPEDIA GROUP INCSOLE | COM NEW | 2.39M | SH | $401.38M 13.42% | 2.39M | 0.00 | 0.00 |
SYNCHRONY FINANCIALSOLE | COM | 7.50M | SH | $397.05M 13.28% | 7.50M | 0.00 | 0.00 |
UNITED AIRLS HLDGS INCSOLE | COM | 4.94M | SH | $341.18M 11.41% | 4.94M | 0.00 | 0.00 |
UBER TECHNOLOGIES INCSOLE | COM | 4.55M | SH | $331.17M 11.07% | 4.55M | 0.00 | 0.00 |
WEX INCSOLE | COM | 1.85M | SH | $290.57M 9.72% | 1.85M | 0.00 | 0.00 |
SOUTHWEST AIRLS COSOLE | COM | 5.92M | SH | $198.68M 6.64% | 5.92M | 0.00 | 0.00 |
BOOKING HOLDINGS INCSOLE | COM | 37.73K | SH | $173.82M 5.81% | 37.73K | 0.00 | 0.00 |
DELTA AIR LINES INC DELSOLE | COM NEW | 3.56M | SH | $155.39M 5.20% | 3.56M | 0.00 | 0.00 |
CARGURUS INCSOLE | COM CL A | 2.81M | SH | $81.88M 2.74% | 2.81M | 0.00 | 0.00 |
CARVANA COSOLE | CL A | 377.20K | SH | $78.86M 2.64% | 377.20K | 0.00 | 0.00 |
SCHWAB CHARLES CORPSOLE | COM | 905K | SH | $70.84M 2.37% | 905K | 0.00 | 0.00 |
AVIS BUDGET GROUPSOLE | COM | 751.77K | SH | $57.06M 1.91% | 751.77K | 0.00 | 0.00 |
ALASKA AIR GROUP INCSOLE | COM | 1.08M | SH | $52.94M 1.77% | 1.08M | 0.00 | 0.00 |
TRIPADVISOR INCSOLE | COM | 2.90M | SH | $41.04M 1.37% | 2.90M | 0.00 | 0.00 |
WEBSTER FINL CORPSOLE | COM | 700K | SH | $36.09M 1.21% | 700K | 0.00 | 0.00 |
SABRE CORPSOLE | COM | 12.27M | SH | $34.47M 1.15% | 12.27M | 0.00 | 0.00 |
SKYWEST INCSOLE | COM | 363.45K | SH | $31.75M 1.06% | 363.45K | 0.00 | 0.00 |
AVIDXCHANGE HOLDINGS INCSOLE | COM | 3.30M | SH | $27.98M 0.94% | 3.30M | 0.00 | 0.00 |
ALLEGIANT TRAVEL COSOLE | COM | 526.43K | SH | $27.19M 0.91% | 526.43K | 0.00 | 0.00 |
SUN CTRY AIRLS HLDGS INCSOLE | COM | 1.96M | SH | $24.14M 0.81% | 1.96M | 0.00 | 0.00 |
MARRIOTT INTL INC NEWSOLE | CL A | 79.10K | SH | $18.84M 0.63% | 79.10K | 0.00 | 0.00 |
LYFT INCSOLE | CL A COM | 1.57M | SH | $18.70M 0.63% | 1.57M | 0.00 | 0.00 |
RYANAIR HOLDINGS PLCSOLE | SPONSORED ADR | 356K | SH | $15.08M 0.50% | 356K | 0.00 | 0.00 |
TRIVAGO N VSOLE | SPON ADS A SHS N | 3.57M | SH | $14.63M 0.49% | 3.57M | 0.00 | 0.00 |
LATAM AIRLINES GROUP SASOLE | SPONSORED ADR | 467.50K | SH | $14.62M 0.49% | 467.50K | 0.00 | 0.00 |
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