Par Capital Management Q2 2018

Par Capital Management holdings Q2 2018
Name ValueChangeSharesChangeWeightingChange
UNITED CONTL HLDGS INC$1,085,986
1.02%
15,574,152
0.65%
12.22%
3.50%
EXPEDIA GROUP INC$963,677
7.52%
8,017,944
-1.23%
10.84%
10.16%
DELTA AIR LINES INC DEL$662,142
-9.45%
13,365,809
0.19%
7.45%
-7.22%
MCKESSON CORP$557,145
-5.30%
4,176,5000.00%6.27%
-2.98%
GRUBHUB INC$297,042
-41.08%
2,831,400
-43.01%
3.34%
-39.63%
BOOKING HLDGS INC$280,762
-2.56%
138,5050.00%3.16%
-0.17%
CHURCHILL DOWNS INC$249,050
22.96%
839,966
1.20%
2.80%
25.97%
SOUTHWEST AIRLS CO$247,674
-12.52%
4,867,800
-1.52%
2.79%
-10.37%
ZILLOW GROUP INCcl c cap stk$229,273
9.78%
3,882,0410.00%2.58%
12.47%
GAMING & LEISURE PPTYS INC$218,852
-15.30%
6,113,172
-20.81%
2.46%
-13.22%
BOYD GAMING CORP$215,207
9.40%
6,209,101
0.57%
2.42%
12.09%
ELDORADO RESORTS INC$212,193
-13.98%
5,426,940
-27.40%
2.39%
-11.86%
WHITING PETE CORP NEW$169,693
57.01%
3,218,750
0.78%
1.91%
60.87%
INTERNATIONAL GAME TECHNOLOG$161,634
34.83%
6,955,000
55.07%
1.82%
38.14%
TRIPADVISOR INC$156,209
15.19%
2,803,969
-15.46%
1.76%
18.01%
ALASKA AIR GROUP INC$150,975
-2.53%
2,500,0000.00%1.70%
-0.14%
CAESARS ENTMT CORP$145,662
3.34%
13,613,257
8.65%
1.64%
5.88%
FACEBOOK INCcl a$135,596
40.96%
697,800
15.91%
1.53%
44.42%
OWENS CORNING NEW$135,500
-14.07%
2,138,230
9.02%
1.52%
-11.96%
WEX INC$130,479
21.62%
685,0000.00%1.47%
24.60%
CHEGG INC$128,444
-0.39%
4,621,948
-25.95%
1.44%
2.06%
DAVITA INC$105,042
51.71%
1,512,700
44.07%
1.18%
55.44%
STAMPS COM INC$104,210
25.86%
411,8170.00%1.17%
28.95%
DYCOM INDS INC$102,260
-7.94%
1,082,000
4.84%
1.15%
-5.67%
ZILLOW GROUP INCcl a$101,193
15.83%
1,693,600
4.68%
1.14%
18.67%
CONNS INC$100,055
-2.88%
3,031,966
0.06%
1.13%
-0.49%
WILLIAMS COS INC DEL$99,280
2.14%
3,662,100
-6.34%
1.12%
4.64%
TEMPUR SEALY INTL INC$98,406
6.09%
2,048,0000.00%1.11%
8.70%
TRUECAR INC$90,489
30.61%
8,968,152
22.45%
1.02%
33.81%
HERTZ GLOBAL HLDGS INC$90,331
-22.72%
5,888,5760.00%1.02%
-20.82%
HERC HLDGS INC$90,144
4.43%
1,600,000
20.39%
1.01%
7.00%
ENVISION HEALTHCARE CORP$81,419
5.93%
1,850,000
-7.50%
0.92%
8.53%
ADVANCED DRAIN SYS INC DEL$78,141
10.23%
2,737,0000.00%0.88%
12.94%
GLOBAL EAGLE ENTMT INC$73,032
71.43%
28,981,0720.00%0.82%
75.64%
RED ROCK RESORTS INCcl a$63,952
-16.92%
1,909,000
-27.39%
0.72%
-14.88%
SERVICEMASTER GLOBAL HLDGS I$63,782
16.95%
1,072,5000.00%0.72%
19.82%
PENN NATL GAMING INC$62,474
31.58%
1,859,904
2.86%
0.70%
34.81%
JETBLUE AIRWAYS CORP$60,609
-6.59%
3,193,2900.00%0.68%
-4.30%
VISA INC$59,603
24.57%
450,000
12.50%
0.67%
27.63%
PURECYCLE CORP$57,137
1.06%
5,982,9700.00%0.64%
3.54%
MASONITE INTL CORP NEW$53,810
18.70%
748,926
1.35%
0.61%
21.61%
AMERICAN AIRLS GROUP INC$50,064
-26.94%
1,318,8510.00%0.56%
-25.15%
COSTAR GROUP INC$47,452
13.77%
115,0000.00%0.53%
16.57%
ANADARKO PETE CORP$36,625
21.25%
500,0000.00%0.41%
24.23%
AT HOME GROUP INC$36,351
22.19%
928,5000.00%0.41%
25.19%
STARS GROUP INC$35,866
54.72%
988,043
17.43%
0.40%
58.52%
MGM RESORTS INTERNATIONAL$35,707
-48.05%
1,230,000
-37.33%
0.40%
-46.78%
SYNCHRONY FINL$34,940
9.69%
1,046,742
10.18%
0.39%
12.38%
TIVITY HEALTH INC$33,499
25.16%
951,683
40.99%
0.38%
28.24%
EAGLE MATERIALS INC$28,844
1.86%
274,7810.00%0.32%
4.37%
BONANZA CREEK ENERGY INC$28,516
36.66%
753,0000.00%0.32%
40.02%
TRIVAGO N V$27,717
251.07%
6,105,000
437.42%
0.31%
259.69%
O REILLY AUTOMOTIVE INC NEW$27,357
0.53%
100,000
-9.09%
0.31%
3.00%
CSX CORP$24,747
7.04%
388,000
-6.51%
0.28%
9.67%
ADVANCE AUTO PARTS INC$24,426
24.87%
180,000
9.09%
0.27%
27.94%
GROUPON INC$20,942
-0.92%
4,870,2000.00%0.24%
1.51%
SEMGROUP CORPcl a$19,375
-20.60%
762,779
-33.11%
0.22%
-18.65%
EHEALTH INC$17,986
54.44%
813,8560.00%0.20%
58.23%
WYNN RESORTS LTD$16,734
-16.58%
100,000
-9.09%
0.19%
-14.53%
BMC STK HLDGS INC$16,163
5.29%
775,200
-1.27%
0.18%
7.87%
CARVANA COcl a$15,260
-1.02%
366,835
-45.44%
0.17%
1.41%
TUESDAY MORNING CORP$13,934
-21.06%
4,568,600
2.24%
0.16%
-19.12%
WEBSTER FINL CORP CONN$13,383
14.97%
210,1000.00%0.15%
17.80%
PENNYMAC FINL SVCS INCcl a$13,319
3.16%
677,800
18.91%
0.15%
5.69%
SOUTHWESTERN ENERGY CO$12,720
22.40%
2,400,0000.00%0.14%
25.41%
ANGI HOMESERVICES INC$12,335
13.33%
802,0400.00%0.14%
16.11%
SELECT MED HLDGS CORP$11,206
5.25%
617,408
0.03%
0.13%
7.83%
CAESARS ENTMT CORPnote 5.000%10/0$10,241
1.09%
5,933,0440.00%0.12%
3.57%
PLAINS GP HLDGS L Pltd partnr int a$8,369
284.78%
350,000
250.00%
0.09%
294.23%
LENDINGTREE INC NEW$5,644
-34.85%
26,4000.00%0.06%
-33.25%
AVIS BUDGET GROUP$5,330
-98.16%
164,000
-97.35%
0.06%
-98.11%
DICKS SPORTING GOODS INC$5,288
0.57%
150,0000.00%0.06%
3.04%
GENESEE & WYO INCcl a$4,879
37.82%
60,000
20.00%
0.05%
41.21%
AMERISOURCEBERGEN CORP$4,264
-1.09%
50,0000.00%0.05%
1.34%
MELCO RESORT ENTERTAINMENT Ladr$4,200
44.93%
150,000
50.00%
0.05%
48.49%
DESPEGAR COM CORPNew $3,849183,5260.04%
MAKEMYTRIP LIMITED MAURITIUS$3,658
4.16%
101,2000.00%0.04%
6.71%
CONTROLADORA VUELA CIA DE AVspon adr rp 10$3,579
-30.25%
704,600
11.91%
0.04%
-28.54%
QUINSTREET INCNew $2,286180,0000.03%
CTRIP COM INTL LTD$1,905
2.14%
40,0000.00%0.02%
4.65%
DOVER MOTORSPORTS INC$1,512
7.16%
671,9310.00%0.02%
9.79%
ARALEZ PHARMACEUTICALS INC$168
-97.47%
481,400
-89.14%
0.00%
-97.41%
SURGERY PARTNERS INCSold $0-138,400-0.03%
DORMAN PRODUCTS INCSold $0-20,000-0.01%
Portfolio Information
QuarterQ2 2018
Total value$8,889,204,000
Holdings82
Managers
Paul Reeder
Edward Shapiro
Quarters
2018-06-30
$8,889,204
2018-03-31
$9,107,444
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