Par Capital Management Q4 2017

Par Capital Management holdings Q4 2017
Name ValueChangeSharesChangeWeightingChange
UNITED CONTL HLDGS INC$1,037,903
-14.46%
15,399,152
-22.74%
11.60%
-15.84%
EXPEDIA INC DEL$954,470
-15.08%
7,969,191
2.05%
10.67%
-16.46%
DELTA AIR LINES INC DEL$731,125
15.63%
13,055,809
-0.43%
8.17%
13.76%
MCKESSON CORP$651,325
12.29%
4,176,500
10.60%
7.28%
10.47%
GRUBHUB INC$356,724
13.10%
4,968,300
-17.05%
3.99%
11.27%
SOUTHWEST AIRLS CO$316,961
0.65%
4,842,800
-13.91%
3.54%
-0.97%
AVIS BUDGET GROUP$271,249
11.35%
6,181,608
-3.42%
3.03%
9.55%
ELDORADO RESORTS INC$247,789
29.24%
7,474,7790.00%2.77%
27.15%
PRICELINE GRP INC$239,817
-5.08%
138,0050.00%2.68%
-6.62%
BOYD GAMING CORP$239,185
-0.81%
6,824,101
-26.28%
2.67%
-2.41%
CIGNA CORPORATION$203,090
-27.57%
1,000,000
-33.33%
2.27%
-28.75%
CHURCHILL DOWNS INC$189,223
12.85%
813,1650.00%2.12%
11.03%
ALASKA AIR GROUP INC$183,775
-3.62%
2,500,0000.00%2.05%
-5.18%
OWENS CORNING NEW$178,457
7.26%
1,941,015
-9.76%
1.99%
5.52%
HCA HEALTHCARE INC$175,680
10.37%
2,000,0000.00%1.96%
8.58%
GAMING & LEISURE PPTYS INC$171,931
0.30%
4,646,7970.00%1.92%
-1.32%
ZILLOW GROUP INCcl c cap stk$158,853
1.77%
3,882,0410.00%1.78%
0.12%
RED ROCK RESORTS INCcl a$141,641
54.91%
4,198,000
6.33%
1.58%
52.40%
HERTZ GLOBAL HLDGS INC$130,138
-1.16%
5,888,5760.00%1.45%
-2.76%
TEMPUR SEALY INTL INC$128,389
-2.84%
2,048,0000.00%1.44%
-4.41%
TRIPADVISOR INC$114,289
4.61%
3,316,569
23.04%
1.28%
2.92%
DYCOM INDS INC$113,881
32.60%
1,022,000
2.20%
1.27%
30.46%
CONNS INC$107,628
25.77%
3,027,500
-0.41%
1.20%
23.74%
INTERNATIONAL GAME TECHNOLOG$103,418
9.91%
3,901,099
1.79%
1.16%
8.14%
CHEGG INC$101,858
9.97%
6,241,2980.00%1.14%
8.19%
MGM RESORTS INTERNATIONAL$98,925
2.46%
2,962,7000.00%1.11%
0.80%
WEX INC$96,743
30.62%
685,000
3.79%
1.08%
28.51%
HERC HLDGS INC$83,209
27.44%
1,329,0000.00%0.93%
25.38%
CAESARS ENTMT CORPNew $75,9006,000,0000.85%
WHITING PETE CORP NEWNew $74,7732,823,7500.84%
STAMPS COM INC$73,643
78.39%
391,717
92.28%
0.82%
75.50%
WILLIAMS COS INC DEL$71,956
2.69%
2,360,000
1.07%
0.80%
1.03%
JETBLUE AIRWAYS CORP$71,338
20.56%
3,193,2900.00%0.80%
18.61%
AMERICAN AIRLS GROUP INC$68,620
-13.29%
1,318,851
-20.85%
0.77%
-14.69%
GLOBAL EAGLE ENTMT INC$66,367
-33.04%
28,981,0720.00%0.74%
-34.12%
ZILLOW GROUP INCcl a$65,914
1.47%
1,617,9100.00%0.74%
-0.17%
ADVANCED DRAIN SYS INC DEL$65,277
17.78%
2,737,0000.00%0.73%
15.87%
PENN NATL GAMING INC$56,648
33.94%
1,808,1130.00%0.63%
31.78%
SERVICEMASTER GLOBAL HLDGS I$54,987
9.72%
1,072,5000.00%0.61%
7.94%
MASONITE INTL CORP NEW$54,791
7.15%
738,9260.00%0.61%
5.42%
TRUECAR INC$54,079
-29.07%
4,828,4470.00%0.60%
-30.22%
PURECYCLE CORP$49,958
11.33%
5,982,9700.00%0.56%
9.53%
VISA INC$45,608
8.34%
400,0000.00%0.51%
6.59%
COSTAR GROUP INC$34,149
10.70%
115,0000.00%0.38%
8.91%
CSX CORP$33,831
-14.00%
615,000
-15.17%
0.38%
-15.39%
EAGLE MATERIALS INC$31,133
6.19%
274,7810.00%0.35%
4.47%
CANADIAN PAC RY LTD$29,242
-29.39%
160,000
-35.08%
0.33%
-30.53%
SEMGROUP CORPcl a$29,222
15.82%
967,600
10.26%
0.33%
13.95%
ANADARKO PETE CORP$26,820
9.81%
500,0000.00%0.30%
8.03%
O REILLY AUTOMOTIVE INC NEW$26,459
-1.72%
110,000
-12.00%
0.30%
-3.31%
BMC STK HLDGS INC$24,420
17.29%
965,200
-1.03%
0.27%
15.39%
TIVITY HEALTH INC$19,737
42.28%
540,000
58.82%
0.22%
39.98%
SYNCHRONY FINL$19,305
107.25%
500,000
66.67%
0.22%
103.90%
GROUPON INC$17,188
-1.92%
3,370,2000.00%0.19%
-3.51%
ADVANCE AUTO PARTS INC$16,449
32.65%
165,000
32.00%
0.18%
30.51%
AT HOME GROUP INCNew $13,676450,0000.15%
PENNYMAC FINL SVCS INCcl a$12,740
30.13%
570,000
3.64%
0.14%
28.03%
TUESDAY MORNING CORP$12,289
-13.47%
4,468,600
0.68%
0.14%
-14.87%
WEBSTER FINL CORP CONN$11,799
6.87%
210,1000.00%0.13%
5.14%
SOUTHWESTERN ENERGY CONew $11,7182,100,0000.13%
CAESARS ENTMT CORPnote 5.000%10/0New $11,4595,933,0440.13%
SELECT MED HLDGS CORP$10,894
-8.07%
617,2080.00%0.12%
-9.55%
CARVANA COcl a$9,669
60.27%
505,697
23.04%
0.11%
57.68%
RITE AID CORP$8,865
-49.74%
4,500,000
-50.00%
0.10%
-50.56%
EHEALTH INC$8,700
-19.23%
500,858
11.09%
0.10%
-20.53%
ARALEZ PHARMACEUTICALS INC$8,438
-42.43%
5,942,309
-7.15%
0.09%
-43.36%
FACEBOOK INCcl a$7,058
3.26%
40,0000.00%0.08%
1.59%
TRIVAGO N V$5,130
-84.24%
750,000
-75.00%
0.06%
-84.49%
AMERISOURCEBERGEN CORPNew $4,59150,0000.05%
DICKS SPORTING GOODS INC$4,311
6.39%
150,0000.00%0.05%
4.67%
CONTROLADORA VUELA CIA DE AVspon adr rp 10New $3,393423,1000.04%
MAKEMYTRIP LIMITED MAURITIUSNew $3,021101,2000.03%
STARS GROUP INCNew $2,821121,0890.03%
BONANZA CREEK ENERGY INC$2,759
-80.86%
100,000
-77.11%
0.03%
-81.17%
SCIENTIFIC GAMES CORPcl aNew $2,56550,0000.03%
LENDINGTREE INC NEWNew $1,8385,4000.02%
CTRIP COM INTL LTD$1,764
-16.40%
40,0000.00%0.02%
-17.75%
DOVER MOTORSPORTS INC$1,310
-4.87%
671,9310.00%0.01%
-6.40%
INTREXON CORPSold $0-176,410-0.04%
BANKRATE INC DELSold $0-79,000-0.01%
WEB COM GROUP INCSold $0-38,202-0.01%
LENDINGCLUB CORPSold $0-80,000-0.01%
WHITING PETE CORP NEWSold $0-8,965,000-0.56%
WIX COM LTDSold $0-9,000-0.01%
PLAINS GP HLDGS L Pltd partnr int aSold $0-100,000-0.02%
PGT INNOVATIONS INCSold $0-761,394-0.13%
Q2 HLDGS INCSold $0-165,000-0.08%
PROVIDENCE SVC CORPSold $0-350,000-0.22%
BAZAARVOICE INCSold $0-60,000-0.00%
PINNACLE ENTMT INC NEWSold $0-50,854-0.01%
CAESARS ACQUISITION COcl aSold $0-560,719-0.14%
GODADDY INCcl aSold $0-17,000-0.01%
FIRST REP BK SAN FRANCISCO CSold $0-80,000-0.09%
Portfolio Information
QuarterQ4 2017
Total value$8,946,298,000
Holdings78
Managers
Paul Reeder
Edward Shapiro
Quarters
2017-12-31
$8,946,298
2017-09-30
$8,801,640
2017-06-30
$8,903,195
2017-03-31
$8,227,237
2016-12-31
$7,649,246
2016-09-30
$6,924,907
2016-06-30
$6,025,994
2016-03-31
$6,240,471
2015-12-31
$5,434,983
2015-09-30
$4,742,625
2015-06-30
$4,421,842
2015-03-31
$4,336,401
2014-12-31
$4,330,333
2014-09-30
$3,748,805
2014-06-30
$3,624,238
2014-03-31
$3,308,514
2013-12-31
$3,006,624
2013-09-30
$3,256,398
2013-06-30
$3,560,766
SEC Filings