Filed: 8/14/2025ACC: 0001051359-25-000009
📋 What this filing means
PAR CAPITAL MANAGEMENT INC filed this quarterly 13F‑HR report disclosing 53 equity positions with a total reported market value of $3.07B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
53
Positions
$3.07B
Total AUM (reported)
81.52M
Total Shares
Allocation by class
COM$2.12B69.0%
COM NEW$597.49M19.5%
CL A$204.35M6.7%
COM CL A$70.90M2.3%
CL A COM$30.02M1.0%
SPONSORED ADR$26.60M0.9%
SPON ADS A SHS N$13.48M0.4%
Portfolio Concentration
Top 3$1.31B42.7%
4–10$1.16B37.8%
11–25$505.16M16.5%
Rest$94.23M3.1%
Top 3 weight
42.7%
Top 10 weight
80.5%
Voting Authority Distribution
Total shares with voting rights: 81.52M
Sole
Full voting authority
81.52M
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)
Sole53
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings53
Rows:
SYNCHRONY FINANCIAL
SOLEShares7.50M
TypeSH
Market value$500.55M
16.30%
Sole
7.50M
Shared
0.00
None
0.00
UNITED AIRLS HLDGS INC
SOLEShares5.12M
TypeSH
Market value$407.53M
13.27%
Sole
5.12M
Shared
0.00
None
0.00
EXPEDIA GROUP INC
SOLEShares2.39M
TypeSH
Market value$402.77M
13.12%
Sole
2.39M
Shared
0.00
None
0.00
WEX INC
SOLEShares1.85M
TypeSH
Market value$271.91M
8.85%
Sole
1.85M
Shared
0.00
None
0.00
BOOKING HOLDINGS INC
SOLEShares37.83K
TypeSH
Market value$218.98M
7.13%
Sole
37.83K
Shared
0.00
None
0.00
SOUTHWEST AIRLS CO
SOLEShares5.92M
TypeSH
Market value$191.96M
6.25%
Sole
5.92M
Shared
0.00
None
0.00
DELTA AIR LINES INC DEL
SOLEShares3.56M
TypeSH
Market value$175.28M
5.71%
Sole
3.56M
Shared
0.00
None
0.00
CARVANA CO
SOLEShares469.97K
TypeSH
Market value$158.36M
5.16%
Sole
469.97K
Shared
0.00
None
0.00
SCHWAB CHARLES CORP
SOLEShares909K
TypeSH
Market value$82.94M
2.70%
Sole
909K
Shared
0.00
None
0.00
SABRE CORP
SOLEShares19.35M
TypeSH
Market value$61.15M
1.99%
Sole
19.35M
Shared
0.00
None
0.00
ALASKA AIR GROUP INC
SOLEShares1.12M
TypeSH
Market value$55.38M
1.80%
Sole
1.12M
Shared
0.00
None
0.00
AVIS BUDGET GROUP
SOLEShares320K
TypeSH
Market value$54.10M
1.76%
Sole
320K
Shared
0.00
None
0.00
HYATT HOTELS CORP
SOLEShares371.26K
TypeSH
Market value$51.85M
1.69%
Sole
371.26K
Shared
0.00
None
0.00
WEBSTER FINL CORP
SOLEShares750K
TypeSH
Market value$40.95M
1.33%
Sole
750K
Shared
0.00
None
0.00
TRIPADVISOR INC
SOLEShares2.90M
TypeSH
Market value$37.80M
1.23%
Sole
2.90M
Shared
0.00
None
0.00
SKYWEST INC
SOLEShares363.45K
TypeSH
Market value$37.42M
1.22%
Sole
363.45K
Shared
0.00
None
0.00
MARRIOTT INTL INC NEW
SOLEShares136.10K
TypeSH
Market value$37.18M
1.21%
Sole
136.10K
Shared
0.00
None
0.00
AVIDXCHANGE HOLDINGS INC
SOLEShares3.30M
TypeSH
Market value$32.31M
1.05%
Sole
3.30M
Shared
0.00
None
0.00
ALLEGIANT TRAVEL CO
SOLEShares585K
TypeSH
Market value$32.15M
1.05%
Sole
585K
Shared
0.00
None
0.00
LYFT INC
SOLEShares1.91M
TypeSH
Market value$30.02M
0.98%
Sole
1.91M
Shared
0.00
None
0.00
JETBLUE AWYS CORP
SOLEShares5.49M
TypeSH
Market value$23.21M
0.76%
Sole
5.49M
Shared
0.00
None
0.00
SUN CTRY AIRLS HLDGS INC
SOLEShares1.96M
TypeSH
Market value$23.02M
0.75%
Sole
1.96M
Shared
0.00
None
0.00
RYANAIR HOLDINGS PLC
SOLEShares345K
TypeSH
Market value$19.90M
0.65%
Sole
345K
Shared
0.00
None
0.00
HERTZ GLOBAL HLDGS INC
SOLEShares2.29M
TypeSH
Market value$15.65M
0.51%
Sole
2.29M
Shared
0.00
None
0.00
CARS COM INC
SOLEShares1.20M
TypeSH
Market value$14.22M
0.46%
Sole
1.20M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SYNCHRONY FINANCIALSOLE | COM | 7.50M | SH | $500.55M 16.30% | 7.50M | 0.00 | 0.00 |
UNITED AIRLS HLDGS INCSOLE | COM | 5.12M | SH | $407.53M 13.27% | 5.12M | 0.00 | 0.00 |
EXPEDIA GROUP INCSOLE | COM NEW | 2.39M | SH | $402.77M 13.12% | 2.39M | 0.00 | 0.00 |
WEX INCSOLE | COM | 1.85M | SH | $271.91M 8.85% | 1.85M | 0.00 | 0.00 |
BOOKING HOLDINGS INCSOLE | COM | 37.83K | SH | $218.98M 7.13% | 37.83K | 0.00 | 0.00 |
SOUTHWEST AIRLS COSOLE | COM | 5.92M | SH | $191.96M 6.25% | 5.92M | 0.00 | 0.00 |
DELTA AIR LINES INC DELSOLE | COM NEW | 3.56M | SH | $175.28M 5.71% | 3.56M | 0.00 | 0.00 |
CARVANA COSOLE | CL A | 469.97K | SH | $158.36M 5.16% | 469.97K | 0.00 | 0.00 |
SCHWAB CHARLES CORPSOLE | COM | 909K | SH | $82.94M 2.70% | 909K | 0.00 | 0.00 |
SABRE CORPSOLE | COM | 19.35M | SH | $61.15M 1.99% | 19.35M | 0.00 | 0.00 |
ALASKA AIR GROUP INCSOLE | COM | 1.12M | SH | $55.38M 1.80% | 1.12M | 0.00 | 0.00 |
AVIS BUDGET GROUPSOLE | COM | 320K | SH | $54.10M 1.76% | 320K | 0.00 | 0.00 |
HYATT HOTELS CORPSOLE | COM CL A | 371.26K | SH | $51.85M 1.69% | 371.26K | 0.00 | 0.00 |
WEBSTER FINL CORPSOLE | COM | 750K | SH | $40.95M 1.33% | 750K | 0.00 | 0.00 |
TRIPADVISOR INCSOLE | COM | 2.90M | SH | $37.80M 1.23% | 2.90M | 0.00 | 0.00 |
SKYWEST INCSOLE | COM | 363.45K | SH | $37.42M 1.22% | 363.45K | 0.00 | 0.00 |
MARRIOTT INTL INC NEWSOLE | CL A | 136.10K | SH | $37.18M 1.21% | 136.10K | 0.00 | 0.00 |
AVIDXCHANGE HOLDINGS INCSOLE | COM | 3.30M | SH | $32.31M 1.05% | 3.30M | 0.00 | 0.00 |
ALLEGIANT TRAVEL COSOLE | COM | 585K | SH | $32.15M 1.05% | 585K | 0.00 | 0.00 |
LYFT INCSOLE | CL A COM | 1.91M | SH | $30.02M 0.98% | 1.91M | 0.00 | 0.00 |
JETBLUE AWYS CORPSOLE | COM | 5.49M | SH | $23.21M 0.76% | 5.49M | 0.00 | 0.00 |
SUN CTRY AIRLS HLDGS INCSOLE | COM | 1.96M | SH | $23.02M 0.75% | 1.96M | 0.00 | 0.00 |
RYANAIR HOLDINGS PLCSOLE | SPONSORED ADR | 345K | SH | $19.90M 0.65% | 345K | 0.00 | 0.00 |
HERTZ GLOBAL HLDGS INCSOLE | COM NEW | 2.29M | SH | $15.65M 0.51% | 2.29M | 0.00 | 0.00 |
CARS COM INCSOLE | COM | 1.20M | SH | $14.22M 0.46% | 1.20M | 0.00 | 0.00 |
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