Par Capital Management Q1 2021 13F Holdings

Par Capital Management Q1 2021 holdings
TickerName Value Shares↓ Weighting
TRIP TRIPADVISOR INCReduce  $622,460
84.8%
11,572,046
-1.1%
14.43%
46.9%
EXPE EXPEDIA GROUP INCAdd  $575,641
30.7%
3,344,417
0.5%
13.34%
3.9%
BKNG BOOKING HOLDINGS INCReduce  $349,476
-3.1%
150,000
-7.4%
8.10%
-23.0%
SYF SYNCHRONY FINANCIALAdd  $300,884
24.7%
7,400,000
6.5%
6.97%
-0.9%
UAL UNITED AIRLS HLDGS INCReduce  $287,700
-5.7%
5,000,000
-29.1%
6.67%
-25.1%
SABR SABRE CORPReduce  $224,755
20.4%
15,175,912
-2.3%
5.21%
-4.3%
WEX WEX INC  $209,220
2.8%
1,000,0000.0%4.85%
-18.3%
ALGT ALLEGIANT TRAVEL COReduce  $183,045
19.9%
750,000
-7.0%
4.24%
-4.7%
BALY BALLYS CORPORATIONReduce  $176,888
28.0%
2,722,184
-1.1%
4.10%
1.7%
LUV SOUTHWEST AIRLS CO  $152,650
31.0%
2,500,0000.0%3.54%
4.1%
DAL DELTA AIR LINES INC DELReduce  $144,840
2.9%
3,000,000
-14.3%
3.36%
-18.2%
ALK ALASKA AIR GROUP INCReduce  $138,946
-5.0%
2,007,600
-28.6%
3.22%
-24.5%
V VISA INC  $95,279
-3.2%
450,0000.0%2.21%
-23.1%
TRIPADVISOR INC putNew  $82,56815,3501.91%
TRVG TRIVAGO N VReduce  $74,063
44.2%
17,224,040
-18.9%
1.72%
14.6%
SUN CTRY AIRLS HLDGS INCNew  $72,1762,216,3121.67%
SCHW SCHWAB CHARLES CORP  $65,180
22.9%
1,000,0000.0%1.51%
-2.3%
GRPN GROUPON INCNew  $63,4091,254,5001.47%
AAL AMERICAN AIRLS GROUP INCReduce  $59,750
-20.3%
2,500,000
-47.4%
1.38%
-36.7%
SAVE SPIRIT AIRLS INCReduce  $55,350
40.6%
1,500,000
-6.8%
1.28%
11.8%
ABNB AIRBNB INCNew  $46,985250,0001.09%
PFSI PENNYMAC FINL SVCS INC...  $46,247
1.9%
691,6000.0%1.07%
-19.0%
TRUE TRUECAR INC  $45,069
13.9%
9,418,8040.0%1.04%
-9.4%
JBLU JETBLUE AWYS CORPAdd  $41,778
43.7%
2,054,000
2.7%
0.97%
14.2%
AXP AMERICAN EXPRESS COAdd  $35,360
549.9%
250,000
455.6%
0.82%
415.7%
STT STATE STR CORPNew  $33,604400,0000.78%
VLRS CONTROLADORA VUELA COM...spon adr rp 10  $24,741
14.8%
1,735,0000.0%0.57%
-8.9%
RRR RED ROCK RESORTS INCcl a  $20,679
30.1%
634,5290.0%0.48%
3.5%
MA MASTERCARD INCORPORATEDcl aNew  $17,80350,0000.41%
GDOT GREEN DOT CORPcl aNew  $14,248311,1540.33%
DFS DISCOVER FINL SVCSAdd  $10,996
86.9%
115,761
78.1%
0.26%
48.3%
COF CAPITAL ONE FINL CORP  $7,634
28.7%
60,0000.0%0.18%
2.3%
WPCAU WARBURG PINCUS CAPTAL ...unit 99/99/9999New  $7,485750,0000.17%
WPCBU WARBURG PINCUS CAPTAL ...unit 99/99/9999New  $5,040500,0000.12%
PCYO PURE CYCLE CORPReduce  $4,697
-58.2%
350,000
-65.0%
0.11%
-66.8%
VIRGIN GROUP ACQUISIT ...unit 99/99/9999New  $3,972400,0000.09%
CARG CARGURUS INCAdd  $2,502
5.1%
105,000
40.0%
0.06%
-15.9%
WU WESTERN UN CONew  $2,466100,0000.06%
RXRAU RXR ACQUISITION CORPunit 01/01/2025New  $985100,0000.02%
OHPAU ORION ACQUISITION CORPunit 02/19/2026New  $1,000100,0000.02%
FUSE FUSION ACQUISITION CORPcl aNew  $993100,0000.02%
FRSGU FIRST RESERVE SUSTAINA...unit 03/05/2026New  $1,000100,0000.02%
DMYQU DMY TECHNOLOGY GROUP I...unit 99/99/9999New  $1,004100,0000.02%
ATAQU ALTIMAR ACQUISITION CO...unit 99/99/9999New  $1,000100,0000.02%
AUSU AUSTERLITZ ACQUISITION...unit 99/99/9999New  $1,003100,0000.02%
ASZU AUSTERLITZ ACQUISITION...unit 99/99/9999New  $1,004100,0000.02%
ZIXI ZIX CORPNew  $54371,9000.01%
CAR AVIS BUDGET GROUPSold out  $0-65,800-0.07%
CVNA CARVANA COcl aSold out  $0-61,500-0.43%
DVA DAVITA INCSold out  $0-1,216,385-4.16%