Par Capital Management Q4 2020 13F Holdings

Par Capital Management Q4 2020 holdings
TickerName ValueShares↓ Weighting
EXPE EXPEDIA GROUP INCAdd  $440,444
90.3%
3,326,617
31.8%
12.85%
46.4%
BKNG BOOKING HOLDINGS INCReduce  $360,818
30.1%
162,000
-0.1%
10.52%
0.1%
TRIP TRIPADVISOR INCAdd  $336,810
104.3%
11,702,908
39.1%
9.82%
57.2%
UAL UNITED AIRLS HLDGS INCReduce  $305,141
15.0%
7,055,291
-7.6%
8.90%
-11.6%
SYF SYNCHRONY FINANCIALAdd  $241,235
40.2%
6,950,000
5.7%
7.04%
7.8%
WEX WEX INCAdd  $203,530
68.7%
1,000,000
15.2%
5.94%
29.8%
SABR SABRE CORPAdd  $186,706
94.1%
15,532,944
5.1%
5.45%
49.3%
ALGT ALLEGIANT TRAVEL COReduce  $152,622
1.5%
806,500
-35.8%
4.45%
-21.9%
ALK ALASKA AIR GROUP INCAdd  $146,200
93.7%
2,811,533
36.4%
4.26%
49.0%
DVA DAVITA INC  $142,804
37.1%
1,216,3850.0%4.17%
5.4%
DAL DELTA AIR LINES INC DELReduce  $140,735
30.5%
3,500,000
-0.8%
4.10%
0.4%
BALY BALLYS CORPORATIONNew  $138,2422,752,1844.03%
LUV SOUTHWEST AIRLS COReduce  $116,525
21.2%
2,500,000
-2.5%
3.40%
-6.8%
V VISA INC  $98,429
9.4%
450,0000.0%2.87%
-15.9%
AAL AMERICAN AIRLS GROUP INCAdd  $75,004
202.3%
4,756,100
135.6%
2.19%
132.5%
SCHW SCHWAB CHARLES CORPAdd  $53,040
62.7%
1,000,000
11.1%
1.55%
25.1%
TRVG TRIVAGO N V  $51,376
56.1%
21,229,7960.0%1.50%
20.1%
PFSI PENNYMAC FINL SVCS INC...Reduce  $45,383
2.5%
691,600
-9.2%
1.32%
-21.1%
TRUE TRUECAR INCReduce  $39,559
-23.2%
9,418,804
-8.6%
1.15%
-40.9%
SAVE SPIRIT AIRLS INCAdd  $39,360
144.5%
1,609,800
61.0%
1.15%
88.0%
JBLU JETBLUE AWYS CORP  $29,080
28.3%
2,000,0000.0%0.85%
-1.3%
VLRS CONTROLADORA VUELA COM...spon adr rp 10  $21,549
72.3%
1,735,0000.0%0.63%
32.5%
RRR RED ROCK RESORTS INCcl aReduce  $15,889
-44.3%
634,529
-62.0%
0.46%
-57.2%
CVNA CARVANA COcl aReduce  $14,732
-17.4%
61,500
-23.1%
0.43%
-36.5%
PCYO PURE CYCLE CORP  $11,230
24.6%
1,000,0000.0%0.33%
-4.1%
COF CAPITAL ONE FINL CORPNew  $5,93160,0000.17%
DFS DISCOVER FINL SVCSNew  $5,88465,0000.17%
AXP AMERICAN EXPRESS CONew  $5,44145,0000.16%
CAR AVIS BUDGET GROUPReduce  $2,454
-82.1%
65,800
-87.4%
0.07%
-86.3%
CARG CARGURUS INCReduce  $2,380
-72.5%
75,000
-81.2%
0.07%
-78.8%
FLEX FLEX LTDordSold out  $0-9,910-0.00%
ZIXI ZIX CORPSold out  $0-71,900-0.02%
TCOM TRIP COM GROUP LTDadsSold out  $0-20,000-0.02%
DESP DESPEGAR COM CORPSold out  $0-183,526-0.04%
MGP MGM GROWTH PPTYS LLCSold out  $0-43,300-0.05%
MMYT MAKEMYTRIP LIMITED MAU...Sold out  $0-131,288-0.08%
ANGI ANGI HOMESERVICES INCSold out  $0-200,000-0.08%
SKYW SKYWEST INCSold out  $0-143,984-0.16%
EVER EVERQUOTE INCSold out  $0-125,000-0.18%
CHGG CHEGG INCSold out  $0-125,000-0.34%
GLPI GAMING & LEISURE PPTYS...Sold out  $0-243,869-0.34%
TREE LENDINGTREE INC NEWSold out  $0-30,000-0.35%
PENN PENN NATL GAMING INCSold out  $0-201,300-0.55%
GRPN GROUPON INCSold out  $0-940,775-0.73%
BYD BOYD GAMING CORPSold out  $0-1,704,537-1.98%
TRWH TWIN RIV WORLDWIDE HLD...Sold out  $0-2,752,184-2.74%
CHDN CHURCHILL DOWNS INCSold out  $0-1,023,720-6.36%