PAR CAPITAL MANAGEMENT INC Diversified Active

CIK: 0001051359 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 14, 2023

Total Value ($000): $2,780,046 (100.0% shares, 0.0% debt)

Holdings (40)

EXPE EXPEDIA GROUP INC 11.0%

Value ($000) $306,600 Shares 3,500,000 Est. Cost $114.25 Unrealized -17.9%

WEX WEX INC 10.9%

Value ($000) $303,767 Shares 1,856,200 Est. Cost $142.57 Unrealized +9.2%

BKNG BOOKING HOLDINGS INC 10.1%

Value ($000) $280,779 Shares 139,325 Est. Cost $1975.54 Unrealized -5.5%

SYF SYNCHRONY FINANCIAL 9.6%

Value ($000) $267,809 Shares 8,150,000 Est. Cost $25.32 Unrealized +25.9%

UBER UBER TECHNOLOGIES INC 8.7%

Value ($000) $242,977 Shares 9,825,200 Est. Cost $34.51 Unrealized -20.7%

QUAL ISHARES TR 6.7%

Value ($000) $186,553 Shares 1,637,000 Est. Cost $103.94 Unrealized —

DAL DELTA AIR LINES INC DEL 6.1%

Value ($000) $168,727 Shares 5,134,729 Est. Cost $33.10 Unrealized -2.6%

TRIP TRIPADVISOR INC 5.5%

Value ($000) $152,830 Shares 8,500,000 Est. Cost $27.37 Unrealized -23.7%

SCHW SCHWAB CHARLES CORP 3.5%

Value ($000) $96,540 Shares 1,159,500 Est. Cost $41.46 Unrealized +79.0%

CARG CARGURUS INC 3.4%

Value ($000) $94,493 Shares 6,744,650 Est. Cost $25.37 Unrealized -46.0%

UAL UNITED AIRLS HLDGS INC 3.1%

Value ($000) $86,710 Shares 2,300,000 Est. Cost $52.57 Unrealized -22.8%

CAR AVIS BUDGET GROUP 2.5%

Value ($000) $69,572 Shares 424,400 Est. Cost $190.58 Unrealized 0.0%

LUV SOUTHWEST AIRLS CO 2.4%

Value ($000) $67,340 Shares 2,000,000 Est. Cost $34.45 Unrealized -2.6%

ALK ALASKA AIR GROUP INC 2.3%

Value ($000) $64,410 Shares 1,500,000 Est. Cost $41.35 Unrealized +6.5%

AXP AMERICAN EXPRESS CO 1.9%

Value ($000) $51,713 Shares 350,000 Est. Cost $127.61 Unrealized +11.6%

AAL AMERICAN AIRLS GROUP INC 1.3%

Value ($000) $37,339 Shares 2,935,421 Est. Cost $17.22 Unrealized -21.2%

ULCC FRONTIER GROUP HLDGS INC 1.2%

Value ($000) $34,187 Shares 3,328,799 Est. Cost $12.18 Unrealized -4.4%

SNCY SUN CTRY AIRLS HLDGS INC 1.1%

Value ($000) $30,134 Shares 1,900,000 Est. Cost $33.92 Unrealized -48.3%

— TRIVAGO N V 1.1%

Value ($000) $29,816 Shares 22,085,827 Est. Cost $4.77 Unrealized —

ABNB AIRBNB INC 0.9%

Value ($000) $25,650 Shares 300,000 Est. Cost $110.83 Unrealized -8.9%

— AVIDXCHANGE HOLDINGS INC 0.9%

Value ($000) $24,850 Shares 2,500,000 Est. Cost $8.01 Unrealized —

PYPL PAYPAL HLDGS INC 0.8%

Value ($000) $23,574 Shares 331,000 Est. Cost $99.85 Unrealized -20.0%

ALGT ALLEGIANT TRAVEL CO 0.8%

Value ($000) $22,097 Shares 325,000 Est. Cost $124.31 Unrealized -43.3%

WBS WEBSTER FINL CORP 0.8%

Value ($000) $21,682 Shares 458,000 Est. Cost $53.76 Unrealized -6.9%

— FLEETCOR TECHNOLOGIES INC 0.7%

Value ($000) $18,368 Shares 100,000 Est. Cost $210.11 Unrealized —

VLRS CONTROLADORA VUELA COMP DE A 0.5%

Value ($000) $13,376 Shares 1,600,000 Est. Cost $7.89 Unrealized —

JBLU JETBLUE AWYS CORP 0.5%

Value ($000) $12,960 Shares 2,000,000 Est. Cost $17.37 Unrealized -57.9%

GDOT GREEN DOT CORP 0.4%

Value ($000) $11,074 Shares 700,000 Est. Cost $38.62 Unrealized -52.2%

H HYATT HOTELS CORP 0.3%

Value ($000) $8,876 Shares 98,134 Est. Cost $84.54 Unrealized +7.3%

BAC BANK AMERICA CORP 0.2%

Value ($000) $6,624 Shares 200,000 Est. Cost $32.74 Unrealized -3.1%

QQQ INVESCO QQQ TR 0.2%

Value ($000) $4,420 Shares 16,600 Est. Cost $267.29 Unrealized —

SABR SABRE CORP 0.1%

Value ($000) $4,110 Shares 665,000 Est. Cost $6.67 Unrealized -16.3%

— VACASA INC 0.1%

Value ($000) $3,528 Shares 2,800,000 Est. Cost $8.32 Unrealized —

SOFI SOFI TECHNOLOGIES INC 0.1%

Value ($000) $3,458 Shares 750,000 Est. Cost $6.73 Unrealized -26.3%

WFC WELLS FARGO CO NEW 0.0%

Value ($000) $867 Shares 21,000 Est. Cost $40.03 Unrealized +2.0%

ETSY ETSY INC 0.0%

Value ($000) $809 Shares 6,750 Est. Cost $96.92 Unrealized +18.0%

ALGT ALLEGIANT TRAVEL CO 0.0%

Value ($000) $680 Shares 10,000 Est. Cost $124.31 Unrealized -43.3%

WIX WIX COM LTD 0.0%

Value ($000) $384 Shares 5,000 Est. Cost $80.77 Unrealized 0.0%

JPM JPMORGAN CHASE & CO 0.0%

Value ($000) $201 Shares 1,500 Est. Cost $117.65 Unrealized 0.0%

SKYW SKYWEST INC 0.0%

Value ($000) $165 Shares 10,000 Est. Cost $21.19 Unrealized -17.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EXPE	EXPEDIA GROUP INC	3,500,000	$306,600	11.0%	$114.25	-17.9%	COM NEW	30212P303
WEX	WEX INC	1,856,200	$303,767	10.9%	$142.57	+9.2%	COM	96208T104
BKNG	BOOKING HOLDINGS INC	139,325	$280,779	10.1%	$1975.54	-5.5%	COM	09857L108
SYF	SYNCHRONY FINANCIAL	8,150,000	$267,809	9.6%	$25.32	+25.9%	COM	87165B103
UBER	UBER TECHNOLOGIES INC	9,825,200	$242,977	8.7%	$34.51	-20.7%	COM	90353T100
QUAL	ISHARES TR	1,637,000	$186,553	6.7%	$103.94	—	MSCI USA QLT FCT	46432F339
DAL	DELTA AIR LINES INC DEL	5,134,729	$168,727	6.1%	$33.10	-2.6%	COM NEW	247361702
TRIP	TRIPADVISOR INC	8,500,000	$152,830	5.5%	$27.37	-23.7%	COM	896945201
SCHW	SCHWAB CHARLES CORP	1,159,500	$96,540	3.5%	$41.46	+79.0%	COM	808513105
CARG	CARGURUS INC	6,744,650	$94,493	3.4%	$25.37	-46.0%	COM CL A	141788109
UAL	UNITED AIRLS HLDGS INC	2,300,000	$86,710	3.1%	$52.57	-22.8%	COM	910047109
CAR	AVIS BUDGET GROUP	424,400	$69,572	2.5%	$190.58	0.0%	COM	053774105
LUV	SOUTHWEST AIRLS CO	2,000,000	$67,340	2.4%	$34.45	-2.6%	COM	844741108
ALK	ALASKA AIR GROUP INC	1,500,000	$64,410	2.3%	$41.35	+6.5%	COM	011659109
AXP	AMERICAN EXPRESS CO	350,000	$51,713	1.9%	$127.61	+11.6%	COM	025816109
AAL	AMERICAN AIRLS GROUP INC	2,935,421	$37,339	1.3%	$17.22	-21.2%	COM	02376R102
ULCC	FRONTIER GROUP HLDGS INC	3,328,799	$34,187	1.2%	$12.18	-4.4%	COM	35909R108
SNCY	SUN CTRY AIRLS HLDGS INC	1,900,000	$30,134	1.1%	$33.92	-48.3%	COM	866683105
—	TRIVAGO N V	22,085,827	$29,816	1.1%	$4.77	—	SPON ADS A SHS	89686D105
ABNB	AIRBNB INC	300,000	$25,650	0.9%	$110.83	-8.9%	COM CL A	009066101
—	AVIDXCHANGE HOLDINGS INC	2,500,000	$24,850	0.9%	$8.01	—	COM	05368X102
PYPL	PAYPAL HLDGS INC	331,000	$23,574	0.8%	$99.85	-20.0%	COM	70450Y103
ALGT	ALLEGIANT TRAVEL CO	325,000	$22,097	0.8%	$124.31	-43.3%	COM	01748X102
WBS	WEBSTER FINL CORP	458,000	$21,682	0.8%	$53.76	-6.9%	COM	947890109
—	FLEETCOR TECHNOLOGIES INC	100,000	$18,368	0.7%	$210.11	—	COM	339041105
VLRS	CONTROLADORA VUELA COMP DE A	1,600,000	$13,376	0.5%	$7.89	—	SPON ADR RP 10	21240E105
JBLU	JETBLUE AWYS CORP	2,000,000	$12,960	0.5%	$17.37	-57.9%	COM	477143101
GDOT	GREEN DOT CORP	700,000	$11,074	0.4%	$38.62	-52.2%	CL A	39304D102
H	HYATT HOTELS CORP	98,134	$8,876	0.3%	$84.54	+7.3%	COM CL A	448579102
BAC	BANK AMERICA CORP	200,000	$6,624	0.2%	$32.74	-3.1%	COM	060505104
QQQ	INVESCO QQQ TR	16,600	$4,420	0.2%	$267.29	—	UNIT SER 1	46090E103
SABR	SABRE CORP	665,000	$4,110	0.1%	$6.67	-16.3%	COM	78573M104
—	VACASA INC	2,800,000	$3,528	0.1%	$8.32	—	CLASS A COM	91854V107
SOFI	SOFI TECHNOLOGIES INC	750,000	$3,458	0.1%	$6.73	-26.3%	COM	83406F102
WFC	WELLS FARGO CO NEW	21,000	$867	0.0%	$40.03	+2.0%	COM	949746101
ETSY	ETSY INC	6,750	$809	0.0%	$96.92	+18.0%	COM	29786A106
ALGT	ALLEGIANT TRAVEL CO	10,000	$680	0.0%	$124.31	-43.3%	Call	01748X102
WIX	WIX COM LTD	5,000	$384	0.0%	$80.77	0.0%	SHS	M98068105
JPM	JPMORGAN CHASE & CO	1,500	$201	0.0%	$117.65	0.0%	COM	46625H100
SKYW	SKYWEST INC	10,000	$165	0.0%	$21.19	-17.3%	COM	830879102