PAR CAPITAL MANAGEMENT INC Diversified Active

CIK: 0001051359 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 15, 2023

Total Value ($000): $2,716,969 (100.0% shares, 0.0% debt)

Holdings (43)

WEX WEX INC 12.6%

Value ($000) $341,337 Shares 1,856,200 Est. Cost $142.57 Unrealized +27.8%

EXPE EXPEDIA GROUP INC 12.5%

Value ($000) $339,605 Shares 3,500,000 Est. Cost $114.25 Unrealized -9.0%

BKNG BOOKING HOLDINGS INC 12.2%

Value ($000) $331,551 Shares 125,000 Est. Cost $1975.54 Unrealized +21.2%

UBER UBER TECHNOLOGIES INC 10.0%

Value ($000) $271,352 Shares 8,560,000 Est. Cost $34.51 Unrealized -8.1%

SYF SYNCHRONY FINANCIAL 8.9%

Value ($000) $241,232 Shares 8,295,457 Est. Cost $25.42 Unrealized +23.7%

DAL DELTA AIR LINES INC DEL 6.3%

Value ($000) $171,108 Shares 4,900,000 Est. Cost $33.10 Unrealized +9.0%

TRIP TRIPADVISOR INC 4.2%

Value ($000) $113,202 Shares 5,700,000 Est. Cost $27.37 Unrealized -21.9%

SCHW SCHWAB CHARLES CORP 3.6%

Value ($000) $97,427 Shares 1,860,000 Est. Cost $52.29 Unrealized +34.3%

UAL UNITED AIRLS HLDGS INC 3.6%

Value ($000) $97,359 Shares 2,200,200 Est. Cost $52.57 Unrealized -8.8%

CAR AVIS BUDGET GROUP 3.4%

Value ($000) $91,985 Shares 472,200 Est. Cost $190.59 Unrealized +0.1%

LUV SOUTHWEST AIRLS CO 3.1%

Value ($000) $83,517 Shares 2,566,594 Est. Cost $33.88 Unrealized -6.0%

CARG CARGURUS INC 2.6%

Value ($000) $70,841 Shares 3,792,350 Est. Cost $25.37 Unrealized -32.9%

AXP AMERICAN EXPRESS CO 2.1%

Value ($000) $57,733 Shares 350,000 Est. Cost $127.61 Unrealized +25.4%

ALK ALASKA AIR GROUP INC 1.9%

Value ($000) $50,352 Shares 1,200,000 Est. Cost $41.35 Unrealized +13.4%

AAL AMERICAN AIRLS GROUP INC 1.5%

Value ($000) $41,300 Shares 2,800,000 Est. Cost $17.22 Unrealized -9.5%

ABNB AIRBNB INC 1.4%

Value ($000) $37,320 Shares 300,000 Est. Cost $110.83 Unrealized +3.0%

— TRIVAGO N V 1.2%

Value ($000) $33,350 Shares 22,085,827 Est. Cost $4.77 Unrealized —

ULCC FRONTIER GROUP HLDGS INC 1.2%

Value ($000) $32,718 Shares 3,325,000 Est. Cost $12.18 Unrealized -8.3%

SNCY SUN CTRY AIRLS HLDGS INC 1.1%

Value ($000) $30,750 Shares 1,500,000 Est. Cost $33.92 Unrealized -42.6%

ALGT ALLEGIANT TRAVEL CO 1.0%

Value ($000) $27,594 Shares 300,000 Est. Cost $124.31 Unrealized -30.1%

SABR SABRE CORP 0.8%

Value ($000) $22,971 Shares 5,354,500 Est. Cost $5.84 Unrealized -2.0%

FRCB FIRST REP BK SAN FRANCISCO C 0.8%

Value ($000) $21,685 Shares 1,550,000 Est. Cost $102.43 Unrealized 0.0%

— AVIDXCHANGE HOLDINGS INC 0.7%

Value ($000) $19,500 Shares 2,500,000 Est. Cost $8.01 Unrealized —

GDOT GREEN DOT CORP 0.6%

Value ($000) $15,462 Shares 900,000 Est. Cost $33.92 Unrealized -48.5%

WBS WEBSTER FINL CORP 0.5%

Value ($000) $14,783 Shares 375,000 Est. Cost $53.76 Unrealized -10.7%

JBLU JETBLUE AWYS CORP 0.5%

Value ($000) $14,560 Shares 2,000,000 Est. Cost $17.37 Unrealized -54.5%

H HYATT HOTELS CORP 0.4%

Value ($000) $11,194 Shares 100,134 Est. Cost $85.01 Unrealized +27.2%

CMA COMERICA INC 0.3%

Value ($000) $8,684 Shares 200,000 Est. Cost $54.87 Unrealized 0.0%

BAC BANK AMERICA CORP 0.3%

Value ($000) $7,150 Shares 250,000 Est. Cost $32.30 Unrealized -5.4%

SOFI SOFI TECHNOLOGIES INC 0.2%

Value ($000) $4,553 Shares 750,000 Est. Cost $6.73 Unrealized -9.9%

HTZ HERTZ GLOBAL HLDGS INC 0.1%

Value ($000) $2,766 Shares 169,796 Est. Cost $17.44 Unrealized 0.0%

— VACASA INC 0.1%

Value ($000) $2,694 Shares 2,800,000 Est. Cost $8.32 Unrealized —

GOOGL ALPHABET INC 0.1%

Value ($000) $2,288 Shares 22,000 Est. Cost $95.22 Unrealized 0.0%

META META PLATFORMS INC 0.1%

Value ($000) $1,759 Shares 8,300 Est. Cost $169.12 Unrealized 0.0%

VLRS CONTROLADORA VUELA COMP DE A 0.0%

Value ($000) $1,045 Shares 84,000 Est. Cost $7.89 Unrealized —

UBER UBER TECHNOLOGIES INC 0.0%

Value ($000) $807 Shares 33,500 Est. Cost $34.51 Unrealized -8.1%

ETSY ETSY INC 0.0%

Value ($000) $751 Shares 6,750 Est. Cost $96.92 Unrealized +27.9%

Z ZILLOW GROUP INC 0.0%

Value ($000) $667 Shares 15,000 Est. Cost $42.49 Unrealized 0.0%

SKYW SKYWEST INC 0.0%

Value ($000) $599 Shares 27,000 Est. Cost $20.16 Unrealized -3.0%

PYPL PAYPAL HLDGS INC 0.0%

Value ($000) $456 Shares 6,000 Est. Cost $99.85 Unrealized -23.0%

JPM JPMORGAN CHASE & CO 0.0%

Value ($000) $391 Shares 3,000 Est. Cost $122.91 Unrealized +4.3%

SHOP SHOPIFY INC 0.0%

Value ($000) $312 Shares 6,500 Est. Cost $44.00 Unrealized 0.0%

EB EVENTBRITE INC 0.0%

Value ($000) $263 Shares 30,650 Est. Cost $8.25 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WEX	WEX INC	1,856,200	$341,337	12.6%	$142.57	+27.8%	COM	96208T104
EXPE	EXPEDIA GROUP INC	3,500,000	$339,605	12.5%	$114.25	-9.0%	COM NEW	30212P303
BKNG	BOOKING HOLDINGS INC	125,000	$331,551	12.2%	$1975.54	+21.2%	COM	09857L108
UBER	UBER TECHNOLOGIES INC	8,560,000	$271,352	10.0%	$34.51	-8.1%	COM	90353T100
SYF	SYNCHRONY FINANCIAL	8,295,457	$241,232	8.9%	$25.42	+23.7%	COM	87165B103
DAL	DELTA AIR LINES INC DEL	4,900,000	$171,108	6.3%	$33.10	+9.0%	COM NEW	247361702
TRIP	TRIPADVISOR INC	5,700,000	$113,202	4.2%	$27.37	-21.9%	COM	896945201
SCHW	SCHWAB CHARLES CORP	1,860,000	$97,427	3.6%	$52.29	+34.3%	COM	808513105
UAL	UNITED AIRLS HLDGS INC	2,200,200	$97,359	3.6%	$52.57	-8.8%	COM	910047109
CAR	AVIS BUDGET GROUP	472,200	$91,985	3.4%	$190.59	+0.1%	COM	053774105
LUV	SOUTHWEST AIRLS CO	2,566,594	$83,517	3.1%	$33.88	-6.0%	COM	844741108
CARG	CARGURUS INC	3,792,350	$70,841	2.6%	$25.37	-32.9%	COM CL A	141788109
AXP	AMERICAN EXPRESS CO	350,000	$57,733	2.1%	$127.61	+25.4%	COM	025816109
ALK	ALASKA AIR GROUP INC	1,200,000	$50,352	1.9%	$41.35	+13.4%	COM	011659109
AAL	AMERICAN AIRLS GROUP INC	2,800,000	$41,300	1.5%	$17.22	-9.5%	COM	02376R102
ABNB	AIRBNB INC	300,000	$37,320	1.4%	$110.83	+3.0%	COM CL A	009066101
—	TRIVAGO N V	22,085,827	$33,350	1.2%	$4.77	—	SPON ADS A SHS	89686D105
ULCC	FRONTIER GROUP HLDGS INC	3,325,000	$32,718	1.2%	$12.18	-8.3%	COM	35909R108
SNCY	SUN CTRY AIRLS HLDGS INC	1,500,000	$30,750	1.1%	$33.92	-42.6%	COM	866683105
ALGT	ALLEGIANT TRAVEL CO	300,000	$27,594	1.0%	$124.31	-30.1%	COM	01748X102
SABR	SABRE CORP	5,354,500	$22,971	0.8%	$5.84	-2.0%	COM	78573M104
FRCB	FIRST REP BK SAN FRANCISCO C	1,550,000	$21,685	0.8%	$102.43	0.0%	COM	33616C100
—	AVIDXCHANGE HOLDINGS INC	2,500,000	$19,500	0.7%	$8.01	—	COM	05368X102
GDOT	GREEN DOT CORP	900,000	$15,462	0.6%	$33.92	-48.5%	CL A	39304D102
WBS	WEBSTER FINL CORP	375,000	$14,783	0.5%	$53.76	-10.7%	COM	947890109
JBLU	JETBLUE AWYS CORP	2,000,000	$14,560	0.5%	$17.37	-54.5%	COM	477143101
H	HYATT HOTELS CORP	100,134	$11,194	0.4%	$85.01	+27.2%	COM CL A	448579102
CMA	COMERICA INC	200,000	$8,684	0.3%	$54.87	0.0%	COM	200340107
BAC	BANK AMERICA CORP	250,000	$7,150	0.3%	$32.30	-5.4%	COM	060505104
SOFI	SOFI TECHNOLOGIES INC	750,000	$4,553	0.2%	$6.73	-9.9%	COM	83406F102
HTZ	HERTZ GLOBAL HLDGS INC	169,796	$2,766	0.1%	$17.44	0.0%	COM NEW	42806J700
—	VACASA INC	2,800,000	$2,694	0.1%	$8.32	—	CLASS A COM	91854V107
GOOGL	ALPHABET INC	22,000	$2,288	0.1%	$95.22	0.0%	CAP STK CL A	02079K305
META	META PLATFORMS INC	8,300	$1,759	0.1%	$169.12	0.0%	CL A	30303M102
VLRS	CONTROLADORA VUELA COMP DE A	84,000	$1,045	0.0%	$7.89	—	SPON ADR RP 10	21240E105
UBER	UBER TECHNOLOGIES INC	33,500	$807	0.0%	$34.51	-8.1%	Put	90353T100
ETSY	ETSY INC	6,750	$751	0.0%	$96.92	+27.9%	COM	29786A106
Z	ZILLOW GROUP INC	15,000	$667	0.0%	$42.49	0.0%	CL C CAP STK	98954M200
SKYW	SKYWEST INC	27,000	$599	0.0%	$20.16	-3.0%	COM	830879102
PYPL	PAYPAL HLDGS INC	6,000	$456	0.0%	$99.85	-23.0%	COM	70450Y103
JPM	JPMORGAN CHASE & CO	3,000	$391	0.0%	$122.91	+4.3%	COM	46625H100
SHOP	SHOPIFY INC	6,500	$312	0.0%	$44.00	0.0%	CL A	82509L107
EB	EVENTBRITE INC	30,650	$263	0.0%	$8.25	0.0%	COM CL A	29975E109