PAR CAPITAL MANAGEMENT INC Diversified Active

CIK: 0001051359 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value ($000): $3,044,283 (100.0% shares, 0.0% debt)

Holdings (42)

EXPE EXPEDIA GROUP INC 14.3%

Value ($000) $434,651 Shares 2,863,500 Est. Cost $114.18 Unrealized +6.4%

BKNG BOOKING HOLDINGS INC 14.0%

Value ($000) $425,666 Shares 120,000 Est. Cost $1975.54 Unrealized +55.3%

WEX WEX INC 11.8%

Value ($000) $359,918 Shares 1,850,000 Est. Cost $142.57 Unrealized +27.2%

UBER UBER TECHNOLOGIES INC 10.9%

Value ($000) $332,478 Shares 5,400,000 Est. Cost $34.51 Unrealized +51.6%

SYF SYNCHRONY FINANCIAL 10.5%

Value ($000) $320,796 Shares 8,400,000 Est. Cost $25.47 Unrealized +19.1%

DAL DELTA AIR LINES INC DEL 5.9%

Value ($000) $179,225 Shares 4,455,000 Est. Cost $33.10 Unrealized +7.1%

CAR AVIS BUDGET GROUP 4.9%

Value ($000) $150,486 Shares 848,959 Est. Cost $191.74 Unrealized -8.8%

TRIP TRIPADVISOR INC 3.3%

Value ($000) $101,191 Shares 4,700,000 Est. Cost $27.37 Unrealized -35.9%

UAL UNITED AIRLS HLDGS INC 3.0%

Value ($000) $91,737 Shares 2,223,400 Est. Cost $51.67 Unrealized -23.9%

SCHW SCHWAB CHARLES CORP 2.7%

Value ($000) $82,560 Shares 1,200,000 Est. Cost $52.53 Unrealized +6.8%

AXP AMERICAN EXPRESS CO 2.2%

Value ($000) $65,569 Shares 350,000 Est. Cost $127.61 Unrealized +23.0%

SNCY SUN CTRY AIRLS HLDGS INC 1.4%

Value ($000) $43,525 Shares 2,767,000 Est. Cost $24.53 Unrealized -40.0%

LUV SOUTHWEST AIRLS CO 1.4%

Value ($000) $42,887 Shares 1,485,000 Est. Cost $33.88 Unrealized -27.0%

ABNB AIRBNB INC 1.3%

Value ($000) $40,842 Shares 300,000 Est. Cost $110.83 Unrealized +16.3%

ALK ALASKA AIR GROUP INC 1.3%

Value ($000) $40,086 Shares 1,026,000 Est. Cost $41.35 Unrealized -13.8%

XYZ BLOCK INC 1.3%

Value ($000) $38,675 Shares 500,000 Est. Cost $62.20 Unrealized -9.1%

AAL AMERICAN AIRLS GROUP INC 1.1%

Value ($000) $34,496 Shares 2,510,600 Est. Cost $17.22 Unrealized -27.1%

— AVIDXCHANGE HOLDINGS INC 1.1%

Value ($000) $34,073 Shares 2,750,000 Est. Cost $8.41 Unrealized —

CMA COMERICA INC 0.9%

Value ($000) $27,905 Shares 500,000 Est. Cost $43.07 Unrealized -5.5%

SABR SABRE CORP 0.7%

Value ($000) $22,000 Shares 5,000,000 Est. Cost $5.84 Unrealized -33.9%

— HAWAIIAN HOLDINGS INC 0.7%

Value ($000) $21,584 Shares 1,520,000 Est. Cost $14.20 Unrealized —

CVNA CARVANA CO 0.7%

Value ($000) $21,282 Shares 402,000 Est. Cost $22.57 Unrealized +66.0%

ALGT ALLEGIANT TRAVEL CO 0.7%

Value ($000) $20,942 Shares 253,500 Est. Cost $123.57 Unrealized -42.9%

VLRS CONTROLADORA VUELA COMP DE A 0.7%

Value ($000) $20,683 Shares 2,205,000 Est. Cost $9.34 Unrealized —

WBS WEBSTER FINL CORP 0.6%

Value ($000) $19,035 Shares 375,000 Est. Cost $53.76 Unrealized -19.6%

SKYW SKYWEST INC 0.4%

Value ($000) $12,760 Shares 244,441 Est. Cost $29.03 Unrealized +54.9%

HTZ HERTZ GLOBAL HLDGS INC 0.4%

Value ($000) $11,560 Shares 1,112,571 Est. Cost $16.82 Unrealized -42.6%

JBLU JETBLUE AWYS CORP 0.4%

Value ($000) $11,100 Shares 2,000,000 Est. Cost $17.37 Unrealized -73.0%

ULCC FRONTIER GROUP HLDGS INC 0.3%

Value ($000) $9,588 Shares 1,756,100 Est. Cost $12.18 Unrealized -64.1%

H HYATT HOTELS CORP 0.2%

Value ($000) $7,428 Shares 56,961 Est. Cost $89.85 Unrealized +25.1%

GBTG GLOBAL BUSINESS TRAVEL GROUP 0.2%

Value ($000) $4,967 Shares 770,000 Est. Cost $6.22 Unrealized -8.4%

GOOGL ALPHABET INC 0.1%

Value ($000) $4,298 Shares 30,500 Est. Cost $104.21 Unrealized +28.0%

WH WYNDHAM HOTELS & RESORTS INC 0.1%

Value ($000) $2,171 Shares 27,000 Est. Cost $68.28 Unrealized +10.2%

— SPIRIT AIRLS INC 0.1%

Value ($000) $1,639 Shares 100,000 Est. Cost $17.16 Unrealized —

EB EVENTBRITE INC 0.0%

Value ($000) $1,179 Shares 141,000 Est. Cost $7.94 Unrealized +1.9%

WIX WIX COM LTD 0.0%

Value ($000) $1,107 Shares 9,000 Est. Cost $92.12 Unrealized +4.7%

ETSY ETSY INC 0.0%

Value ($000) $1,074 Shares 13,250 Est. Cost $94.41 Unrealized -24.2%

META META PLATFORMS INC 0.0%

Value ($000) $1,062 Shares 3,000 Est. Cost $173.44 Unrealized +86.5%

DASH DOORDASH INC 0.0%

Value ($000) $841 Shares 8,500 Est. Cost $88.56 Unrealized 0.0%

TCOM TRIP COM GROUP LTD 0.0%

Value ($000) $720 Shares 20,000 Est. Cost $35.00 Unrealized —

STT STATE STR CORP 0.0%

Value ($000) $294 Shares 3,800 Est. Cost $64.81 Unrealized 0.0%

CHGG CHEGG INC 0.0%

Value ($000) $204 Shares 18,000 Est. Cost $9.49 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EXPE	EXPEDIA GROUP INC	2,863,500	$434,651	14.3%	$114.18	+6.4%	COM NEW	30212P303
BKNG	BOOKING HOLDINGS INC	120,000	$425,666	14.0%	$1975.54	+55.3%	COM	09857L108
WEX	WEX INC	1,850,000	$359,918	11.8%	$142.57	+27.2%	COM	96208T104
UBER	UBER TECHNOLOGIES INC	5,400,000	$332,478	10.9%	$34.51	+51.6%	COM	90353T100
SYF	SYNCHRONY FINANCIAL	8,400,000	$320,796	10.5%	$25.47	+19.1%	COM	87165B103
DAL	DELTA AIR LINES INC DEL	4,455,000	$179,225	5.9%	$33.10	+7.1%	COM NEW	247361702
CAR	AVIS BUDGET GROUP	848,959	$150,486	4.9%	$191.74	-8.8%	COM	053774105
TRIP	TRIPADVISOR INC	4,700,000	$101,191	3.3%	$27.37	-35.9%	COM	896945201
UAL	UNITED AIRLS HLDGS INC	2,223,400	$91,737	3.0%	$51.67	-23.9%	COM	910047109
SCHW	SCHWAB CHARLES CORP	1,200,000	$82,560	2.7%	$52.53	+6.8%	COM	808513105
AXP	AMERICAN EXPRESS CO	350,000	$65,569	2.2%	$127.61	+23.0%	COM	025816109
SNCY	SUN CTRY AIRLS HLDGS INC	2,767,000	$43,525	1.4%	$24.53	-40.0%	COM	866683105
LUV	SOUTHWEST AIRLS CO	1,485,000	$42,887	1.4%	$33.88	-27.0%	COM	844741108
ABNB	AIRBNB INC	300,000	$40,842	1.3%	$110.83	+16.3%	COM CL A	009066101
ALK	ALASKA AIR GROUP INC	1,026,000	$40,086	1.3%	$41.35	-13.8%	COM	011659109
XYZ	BLOCK INC	500,000	$38,675	1.3%	$62.20	-9.1%	CL A	852234103
AAL	AMERICAN AIRLS GROUP INC	2,510,600	$34,496	1.1%	$17.22	-27.1%	COM	02376R102
—	AVIDXCHANGE HOLDINGS INC	2,750,000	$34,073	1.1%	$8.41	—	COM	05368X102
CMA	COMERICA INC	500,000	$27,905	0.9%	$43.07	-5.5%	COM	200340107
SABR	SABRE CORP	5,000,000	$22,000	0.7%	$5.84	-33.9%	COM	78573M104
—	HAWAIIAN HOLDINGS INC	1,520,000	$21,584	0.7%	$14.20	—	COM	419879101
CVNA	CARVANA CO	402,000	$21,282	0.7%	$22.57	+66.0%	CL A	146869102
ALGT	ALLEGIANT TRAVEL CO	253,500	$20,942	0.7%	$123.57	-42.9%	COM	01748X102
VLRS	CONTROLADORA VUELA COMP DE A	2,205,000	$20,683	0.7%	$9.34	—	SPON ADR RP 10	21240E105
WBS	WEBSTER FINL CORP	375,000	$19,035	0.6%	$53.76	-19.6%	COM	947890109
SKYW	SKYWEST INC	244,441	$12,760	0.4%	$29.03	+54.9%	COM	830879102
HTZ	HERTZ GLOBAL HLDGS INC	1,112,571	$11,560	0.4%	$16.82	-42.6%	COM NEW	42806J700
JBLU	JETBLUE AWYS CORP	2,000,000	$11,100	0.4%	$17.37	-73.0%	COM	477143101
ULCC	FRONTIER GROUP HLDGS INC	1,756,100	$9,588	0.3%	$12.18	-64.1%	COM	35909R108
H	HYATT HOTELS CORP	56,961	$7,428	0.2%	$89.85	+25.1%	COM CL A	448579102
GBTG	GLOBAL BUSINESS TRAVEL GROUP	770,000	$4,967	0.2%	$6.22	-8.4%	COM CL A	37890B100
GOOGL	ALPHABET INC	30,500	$4,298	0.1%	$104.21	+28.0%	CAP STK CL A	02079K305
WH	WYNDHAM HOTELS & RESORTS INC	27,000	$2,171	0.1%	$68.28	+10.2%	COM	98311A105
—	SPIRIT AIRLS INC	100,000	$1,639	0.1%	$17.16	—	COM	848577102
EB	EVENTBRITE INC	141,000	$1,179	0.0%	$7.94	+1.9%	COM CL A	29975E109
WIX	WIX COM LTD	9,000	$1,107	0.0%	$92.12	+4.7%	SHS	M98068105
ETSY	ETSY INC	13,250	$1,074	0.0%	$94.41	-24.2%	COM	29786A106
META	META PLATFORMS INC	3,000	$1,062	0.0%	$173.44	+86.5%	CL A	30303M102
DASH	DOORDASH INC	8,500	$841	0.0%	$88.56	0.0%	CL A	25809K105
TCOM	TRIP COM GROUP LTD	20,000	$720	0.0%	$35.00	—	ADS	89677Q107
STT	STATE STR CORP	3,800	$294	0.0%	$64.81	0.0%	COM	857477103
CHGG	CHEGG INC	18,000	$204	0.0%	$9.49	0.0%	COM	163092109