Filed: 5/15/2026ACC: 0001051359-26-000005
📋 What this filing means
PAR CAPITAL MANAGEMENT INC filed this quarterly 13F‑HR report disclosing 45 equity positions with a total reported market value of $3.45B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
45
Positions
$3.45B
Total AUM (reported)
60.16M
Total Shares
Allocation by class
COM$2.31B67.0%
COM NEW$694.28M20.1%
COM CL A$177.01M5.1%
CL A$158.23M4.6%
CL A COM$41.63M1.2%
SPONSORED ADR$28.10M0.8%
CAP STK CL C$19.85M0.6%
Portfolio Concentration
Top 3$1.43B41.4%
4–10$1.43B41.4%
11–25$501.51M14.5%
Rest$93.68M2.7%
Top 3 weight
41.4%
Top 10 weight
82.8%
Voting Authority Distribution
Total shares with voting rights: 60.10M
Sole
Full voting authority
60.10M
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)
Sole45
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings45
Rows:
SYNCHRONY FINANCIAL
SOLEShares7.61M
TypeSH
Market value$517.78M
15.00%
Sole
7.61M
Shared
0.00
None
0.00
UNITED AIRLS HLDGS INC
SOLEShares5M
TypeSH
Market value$460.06M
13.33%
Sole
5M
Shared
0.00
None
0.00
EXPEDIA GROUP INC
SOLEShares1.95M
TypeSH
Market value$450.72M
13.06%
Sole
1.95M
Shared
0.00
None
0.00
WEX INC
SOLEShares2.25M
TypeSH
Market value$345.10M
10.00%
Sole
2.25M
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC
SOLEShares3.74M
TypeSH
Market value$268.80M
7.79%
Sole
3.74M
Shared
0.00
None
0.00
DELTA AIR LINES INC
SOLEShares3.53M
TypeSH
Market value$234.84M
6.80%
Sole
3.51M
Shared
0.00
None
0.00
SOUTHWEST AIRLS CO
SOLEShares5.22M
TypeSH
Market value$196.09M
5.68%
Sole
5.22M
Shared
0.00
None
0.00
BOOKING HOLDINGS INC
SOLEShares42.57K
TypeSH
Market value$179.25M
5.19%
Sole
42.57K
Shared
0.00
None
0.00
CARVANA CO
SOLEShares347.87K
TypeSH
Market value$109.36M
3.17%
Sole
347.87K
Shared
0.00
None
0.00
AIRBNB INC
SOLEShares747.50K
TypeSH
Market value$94.39M
2.73%
Sole
747.50K
Shared
0.00
None
0.00
ALLEGIANT TRAVEL CO
SOLEShares846.19K
TypeSH
Market value$68.58M
1.99%
Sole
846.19K
Shared
0.00
None
0.00
ALASKA AIR GROUP INC
SOLEShares1.58M
TypeSH
Market value$58.17M
1.69%
Sole
1.58M
Shared
0.00
None
0.00
HYATT HOTELS CORP
SOLEShares338.50K
TypeSH
Market value$48.67M
1.41%
Sole
338.50K
Shared
0.00
None
0.00
TRIPADVISOR INC
SOLEShares4.07M
TypeSH
Market value$43.41M
1.26%
Sole
4.07M
Shared
0.00
None
0.00
LYFT INC
SOLEShares3.13M
TypeSH
Market value$41.63M
1.21%
Sole
3.13M
Shared
0.00
None
0.00
SKYWEST INC
SOLEShares357.92K
TypeSH
Market value$32.87M
0.95%
Sole
357.92K
Shared
0.00
None
0.00
MARRIOTT INTL INC NEW
SOLEShares90K
TypeSH
Market value$29.44M
0.85%
Sole
90K
Shared
0.00
None
0.00
AVIS BUDGET GROUP INC
SOLEShares200K
TypeSH
Market value$29.17M
0.85%
Sole
200K
Shared
0.00
None
0.00
SUN CTRY AIRLS HLDGS INC
SOLEShares1.47M
TypeSH
Market value$24.25M
0.70%
Sole
1.47M
Shared
0.00
None
0.00
VISA INC
SOLEShares80K
TypeSH
Market value$24.18M
0.70%
Sole
80K
Shared
0.00
None
0.00
SCHWAB CHARLES CORP
SOLEShares253.30K
TypeSH
Market value$23.81M
0.69%
Sole
253.30K
Shared
0.00
None
0.00
RYANAIR HOLDINGS PLC
SOLEShares345K
TypeSH
Market value$19.94M
0.58%
Sole
345K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares69.20K
TypeSH
Market value$19.85M
0.58%
Sole
35.94K
Shared
0.00
None
0.00
JETBLUE AIRWAYS CORP
SOLEShares4.46M
TypeSH
Market value$19.70M
0.57%
Sole
4.46M
Shared
0.00
None
0.00
COPA HOLDINGS SA
SOLEShares157.20K
TypeSH
Market value$17.86M
0.52%
Sole
157.20K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SYNCHRONY FINANCIALSOLE | COM | 7.61M | SH | $517.78M 15.00% | 7.61M | 0.00 | 0.00 |
UNITED AIRLS HLDGS INCSOLE | COM | 5M | SH | $460.06M 13.33% | 5M | 0.00 | 0.00 |
EXPEDIA GROUP INCSOLE | COM NEW | 1.95M | SH | $450.72M 13.06% | 1.95M | 0.00 | 0.00 |
WEX INCSOLE | COM | 2.25M | SH | $345.10M 10.00% | 2.25M | 0.00 | 0.00 |
UBER TECHNOLOGIES INCSOLE | COM | 3.74M | SH | $268.80M 7.79% | 3.74M | 0.00 | 0.00 |
DELTA AIR LINES INCSOLE | COM NEW | 3.53M | SH | $234.84M 6.80% | 3.51M | 0.00 | 0.00 |
SOUTHWEST AIRLS COSOLE | COM | 5.22M | SH | $196.09M 5.68% | 5.22M | 0.00 | 0.00 |
BOOKING HOLDINGS INCSOLE | COM | 42.57K | SH | $179.25M 5.19% | 42.57K | 0.00 | 0.00 |
CARVANA COSOLE | CL A | 347.87K | SH | $109.36M 3.17% | 347.87K | 0.00 | 0.00 |
AIRBNB INCSOLE | COM CL A | 747.50K | SH | $94.39M 2.73% | 747.50K | 0.00 | 0.00 |
ALLEGIANT TRAVEL COSOLE | COM | 846.19K | SH | $68.58M 1.99% | 846.19K | 0.00 | 0.00 |
ALASKA AIR GROUP INCSOLE | COM | 1.58M | SH | $58.17M 1.69% | 1.58M | 0.00 | 0.00 |
HYATT HOTELS CORPSOLE | COM CL A | 338.50K | SH | $48.67M 1.41% | 338.50K | 0.00 | 0.00 |
TRIPADVISOR INCSOLE | COM | 4.07M | SH | $43.41M 1.26% | 4.07M | 0.00 | 0.00 |
LYFT INCSOLE | CL A COM | 3.13M | SH | $41.63M 1.21% | 3.13M | 0.00 | 0.00 |
SKYWEST INCSOLE | COM | 357.92K | SH | $32.87M 0.95% | 357.92K | 0.00 | 0.00 |
MARRIOTT INTL INC NEWSOLE | CL A | 90K | SH | $29.44M 0.85% | 90K | 0.00 | 0.00 |
AVIS BUDGET GROUP INCSOLE | COM | 200K | SH | $29.17M 0.85% | 200K | 0.00 | 0.00 |
SUN CTRY AIRLS HLDGS INCSOLE | COM | 1.47M | SH | $24.25M 0.70% | 1.47M | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 80K | SH | $24.18M 0.70% | 80K | 0.00 | 0.00 |
SCHWAB CHARLES CORPSOLE | COM | 253.30K | SH | $23.81M 0.69% | 253.30K | 0.00 | 0.00 |
RYANAIR HOLDINGS PLCSOLE | SPONSORED ADR | 345K | SH | $19.94M 0.58% | 345K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 69.20K | SH | $19.85M 0.58% | 35.94K | 0.00 | 0.00 |
JETBLUE AIRWAYS CORPSOLE | COM | 4.46M | SH | $19.70M 0.57% | 4.46M | 0.00 | 0.00 |
COPA HOLDINGS SASOLE | CL A | 157.20K | SH | $17.86M 0.52% | 157.20K | 0.00 | 0.00 |
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