Par Capital Management Q4 2022 holdings

$2.78 Trillion is the total value of Par Capital Management's 40 reported holdings in Q4 2022. The portfolio turnover from Q3 2022 to Q4 2022 was 23.8% .

 Value Shares↓ Weighting
EXPE SellEXPEDIA GROUP INC$306,600,000
+82643.2%
3,500,000
-11.5%
11.03%
-19.8%
WEX BuyWEX INC$303,767,130
+129251.2%
1,856,200
+0.3%
10.93%
+25.4%
BKNG SellBOOKING HOLDINGS INC$280,778,886
+121951.8%
139,325
-0.5%
10.10%
+18.4%
SYF  SYNCHRONY FINANCIAL$267,809,000
+116465.9%
8,150,0000.0%9.63%
+13.0%
UBER SellUBER TECHNOLOGIES INC$242,977,196
+91561.8%
9,825,200
-1.8%
8.74%
-11.1%
QUAL SellISHARES TRmsci usa qlt fct$186,552,520
+103490.8%
1,637,000
-5.5%
6.71%
+0.4%
DAL BuyDELTA AIR LINES INC DEL$168,727,195
+200336.2%
5,134,729
+71.2%
6.07%
+94.3%
TRIP SellTRIPADVISOR INC$152,830,000
+76747.3%
8,500,000
-5.6%
5.50%
-25.5%
SCHW BuySCHWAB CHARLES CORP$96,539,970
+116249.7%
1,159,500
+0.4%
3.47%
+12.8%
CARG BuyCARGURUS INC$94,492,547
+105833.3%
6,744,650
+7.1%
3.40%
+2.7%
UAL SellUNITED AIRLS HLDGS INC$86,710,000
+69438.2%
2,300,000
-40.0%
3.12%
-32.6%
CAR NewAVIS BUDGET GROUP$69,571,892424,400
+100.0%
2.50%
LUV  SOUTHWEST AIRLS CO$67,340,000
+109076.4%
2,000,0000.0%2.42%
+5.9%
ALK  ALASKA AIR GROUP INC$64,410,000
+109580.7%
1,500,0000.0%2.32%
+6.4%
AXP  AMERICAN EXPRESS CO$51,712,500
+109416.3%
350,0000.0%1.86%
+6.2%
AAL  AMERICAN AIRLS GROUP INC$37,338,555
+105549.2%
2,935,4210.0%1.34%
+2.4%
ULCC BuyFRONTIER GROUP HLDGS INC$34,186,766
+161493.7%
3,328,799
+52.6%
1.23%
+56.7%
SNCY SellSUN CTRY AIRLS HLDGS INC$30,134,000
+112525.2%
1,900,000
-3.4%
1.08%
+9.3%
TRVG  TRIVAGO N V$29,815,866
+116277.3%
22,085,8270.0%1.07%
+12.8%
ABNB BuyAIRBNB INC$25,650,000
+81569.7%
300,000
+0.3%
0.92%
-20.8%
BuyAVIDXCHANGE HOLDINGS INC$24,850,000
+147465.3%
2,500,000
+25.0%
0.89%
+43.0%
PYPL BuyPAYPAL HLDGS INC$23,573,820
+93376.4%
331,000
+13.0%
0.85%
-9.3%
ALGT SellALLEGIANT TRAVEL CO$22,096,750
+83628.4%
325,000
-10.1%
0.80%
-18.8%
WBS SellWEBSTER FINL CORP$21,681,720
+79847.3%
458,000
-23.7%
0.78%
-22.5%
FLT  FLEETCOR TECHNOLOGIES INC$18,368,000
+104162.9%
100,0000.0%0.66%
+1.2%
VLRS  CONTROLADORA VUELA COMP DE Aspon adr rp 10$13,376,000
+119499.4%
1,600,0000.0%0.48%
+15.9%
JBLU  JETBLUE AWYS CORP$12,960,000
+97637.6%
2,000,0000.0%0.47%
-5.3%
GDOT SellGREEN DOT CORPcl a$11,074,000
+68541.9%
700,000
-17.6%
0.40%
-33.4%
H BuyHYATT HOTELS CORP$8,876,220
+113363.1%
98,134
+1.6%
0.32%
+10.0%
BAC  BANK AMERICA CORP$6,624,000
+109568.9%
200,0000.0%0.24%
+6.2%
QQQ  INVESCO QQQ TRunit ser 1$4,420,248
+99522.4%
16,6000.0%0.16%
-3.6%
SABR SellSABRE CORP$4,109,700
+79146.0%
665,000
-34.0%
0.15%
-22.9%
 VACASA INC$3,528,000
+40942.3%
2,800,0000.0%0.13%
-60.2%
SOFI SellSOFI TECHNOLOGIES INC$3,457,500
+87698.4%
750,000
-7.1%
0.12%
-15.1%
WFC BuyWELLS FARGO CO NEW$867,090
+185572.4%
21,000
+81.0%
0.03%
+82.4%
ETSY SellETSY INC$808,515
+56958.2%
6,750
-52.3%
0.03%
-45.3%
ALGT NewALLEGIANT TRAVEL COcall$679,90010,000
+100.0%
0.02%
WIX NewWIX COM LTD$384,1505,000
+100.0%
0.01%
JPM NewJPMORGAN CHASE & CO$201,1501,500
+100.0%
0.01%
SKYW  SKYWEST INC$165,100
+101188.3%
10,0000.0%0.01%0.0%
SPOT ExitSPOTIFY TECHNOLOGY S A$0-6,500
-100.0%
-0.02%
APLE ExitAPPLE HOSPITALITY REIT INC$0-218,087
-100.0%
-0.11%
ARKF ExitARK ETF TRfintech innova$0-350,000
-100.0%
-0.20%
TRUE ExitTRUECAR INC$0-5,370,000
-100.0%
-0.30%
MA ExitMASTERCARD INCORPORATEDcl a$0-70,000
-100.0%
-0.74%
FB ExitMETA PLATFORMS INCcl a$0-507,000
-100.0%
-2.55%

Filings

The following EDGAR filing(s) were analyzed to create this report:

Signatures

The EDGAR filing(s) were signed by:

  • Steven M Smith — Chief Operating Officer and General Counsel

About Par Capital Management

Par Capital Management is a Boston-based investment firm that specializes in the airline industry. The company was founded in 1990 by Paul Reeder and Edward Shapiro, both of whom had previously worked at Harvard Management Company. Since its inception, Par Capital has grown to become one of the most successful hedge funds in the world, with over $10 billion in assets under management.

The firm's investment strategy is focused on identifying undervalued companies in the airline industry and investing in them for the long term. Par Capital's portfolio includes a number of major airlines, including Delta Air Lines, United Airlines, and American Airlines. The company is known for its deep understanding of the airline industry and its ability to identify opportunities that other investors may overlook.

Par Capital is led by CEO Paul Reeder and COO Edward Shapiro, both of whom have extensive experience in the finance industry. The firm's Chief Investment Officer is William H. Spiegel, who has been with the company since 1999. Under their leadership, Par Capital has consistently delivered strong returns for its investors, with an average annual return of over 20% since its inception.

Overall, Par Capital Management is a highly respected investment firm with a proven track record of success in the airline industry. While past performance is not a guarantee of future results, the company's deep industry knowledge and experienced leadership team make it a compelling option for investors looking to gain exposure to the airline sector.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.

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