$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 31.6% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| EXPE | Sell | EXPEDIA GROUP INC | $306,600,000 | +82643.2% | 3,500,000 | -11.5% | 11.03% | -19.8% |
| BKNG | Sell | BOOKING HOLDINGS INC | $280,778,886 | +121951.8% | 139,325 | -0.5% | 10.10% | +18.4% |
| UBER | Sell | UBER TECHNOLOGIES INC | $242,977,196 | +91561.8% | 9,825,200 | -1.8% | 8.74% | -11.1% |
| QUAL | Sell | ISHARES TRmsci usa qlt fct | $186,552,520 | +103490.8% | 1,637,000 | -5.5% | 6.71% | +0.4% |
| TRIP | Sell | TRIPADVISOR INC | $152,830,000 | +76747.3% | 8,500,000 | -5.6% | 5.50% | -25.5% |
| UAL | Sell | UNITED AIRLS HLDGS INC | $86,710,000 | +69438.2% | 2,300,000 | -40.0% | 3.12% | -32.6% |
| SNCY | Sell | SUN CTRY AIRLS HLDGS INC | $30,134,000 | +112525.2% | 1,900,000 | -3.4% | 1.08% | +9.3% |
| ALGT | Sell | ALLEGIANT TRAVEL CO | $22,096,750 | +83628.4% | 325,000 | -10.1% | 0.80% | -18.8% |
| WBS | Sell | WEBSTER FINL CORP | $21,681,720 | +79847.3% | 458,000 | -23.7% | 0.78% | -22.5% |
| GDOT | Sell | GREEN DOT CORPcl a | $11,074,000 | +68541.9% | 700,000 | -17.6% | 0.40% | -33.4% |
| SABR | Sell | SABRE CORP | $4,109,700 | +79146.0% | 665,000 | -34.0% | 0.15% | -22.9% |
| SOFI | Sell | SOFI TECHNOLOGIES INC | $3,457,500 | +87698.4% | 750,000 | -7.1% | 0.12% | -15.1% |
| ETSY | Sell | ETSY INC | $808,515 | +56958.2% | 6,750 | -52.3% | 0.03% | -45.3% |
| SPOT | Exit | SPOTIFY TECHNOLOGY S A | $0 | – | -6,500 | -100.0% | -0.02% | – |
| APLE | Exit | APPLE HOSPITALITY REIT INC | $0 | – | -218,087 | -100.0% | -0.11% | – |
| ARKF | Exit | ARK ETF TRfintech innova | $0 | – | -350,000 | -100.0% | -0.20% | – |
| TRUE | Exit | TRUECAR INC | $0 | – | -5,370,000 | -100.0% | -0.30% | – |
| MA | Exit | MASTERCARD INCORPORATEDcl a | $0 | – | -70,000 | -100.0% | -0.74% | – |
| FB | Exit | META PLATFORMS INCcl a | $0 | – | -507,000 | -100.0% | -2.55% | – |
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.
- Par Capital Management holdings (13F-HR)
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