Par Capital Management Q3 2017

Par Capital Management holdings Q3 2017
Name ValueChangeSharesChangeWeightingChange
UNITED CONTL HLDGS INC$1,213,360
-1.05%
19,930,359
22.31%
13.79%
0.10%
EXPEDIA INC DEL$1,124,025
-3.44%
7,808,983
-0.08%
12.77%
-2.32%
DELTA AIR LINES INC DEL$632,300
-9.95%
13,112,809
0.36%
7.18%
-8.91%
MCKESSON CORP$580,062
7.93%
3,776,200
15.61%
6.59%
9.18%
GRUBHUB INC$315,418
7.70%
5,989,700
-10.83%
3.58%
8.94%
SOUTHWEST AIRLS CO$314,899
-9.80%
5,625,200
0.12%
3.58%
-8.76%
CIGNA CORPORATION$280,410
-37.96%
1,500,000
-44.44%
3.19%
-37.24%
PRICELINE GRP INC$252,662
-2.12%
138,0050.00%2.87%
-0.99%
AVIS BUDGET GROUP$243,607
36.58%
6,400,608
-2.14%
2.77%
38.16%
BOYD GAMING CORP$241,137
5.00%
9,256,7010.00%2.74%
6.21%
ELDORADO RESORTS INC$191,728
28.25%
7,474,7790.00%2.18%
29.73%
ALASKA AIR GROUP INC$190,675
-15.03%
2,500,0000.00%2.17%
-14.05%
GAMING & LEISURE PPTYS INC$171,420
-2.07%
4,646,7970.00%1.95%
-0.94%
CHURCHILL DOWNS INC$167,675
12.49%
813,1650.00%1.91%
13.79%
OWENS CORNING NEW$166,381
1.70%
2,151,015
-12.02%
1.89%
2.87%
HCA HEALTHCARE INC$159,180
-8.73%
2,000,0000.00%1.81%
-7.67%
ZILLOW GROUP INCcl c cap stk$156,097
-17.96%
3,882,0410.00%1.77%
-17.01%
TEMPUR SEALY INTL INC$132,137
20.85%
2,048,0000.00%1.50%
22.24%
HERTZ GLOBAL HLDGS INC$131,669
94.43%
5,888,5760.00%1.50%
96.68%
TRIPADVISOR INC$109,251
6.10%
2,695,5690.00%1.24%
7.32%
GLOBAL EAGLE ENTMT INC$99,115
-3.93%
28,981,0720.00%1.13%
-2.82%
MGM RESORTS INTERNATIONAL$96,554
-21.78%
2,962,700
-24.90%
1.10%
-20.87%
INTERNATIONAL GAME TECHNOLOG$94,090
37.52%
3,832,599
2.51%
1.07%
39.10%
CHEGG INC$92,621
20.75%
6,241,2980.00%1.05%
22.14%
RED ROCK RESORTS INCcl a$91,436
64.38%
3,948,000
67.14%
1.04%
66.27%
DYCOM INDS INC$85,880
27.91%
1,000,000
33.33%
0.98%
29.39%
CONNS INC$85,576
49.35%
3,040,000
1.33%
0.97%
51.07%
AMERICAN AIRLS GROUP INC$79,135
-5.62%
1,666,3510.00%0.90%
-4.54%
TRUECAR INC$76,241
-20.77%
4,828,4470.00%0.87%
-19.86%
WEX INC$74,065
9.28%
660,000
1.54%
0.84%
10.54%
WILLIAMS COS INC DEL$70,073
-31.63%
2,335,000
-31.02%
0.80%
-30.85%
HERC HLDGS INC$65,294
26.86%
1,329,000
1.53%
0.74%
28.32%
ZILLOW GROUP INCcl a$64,959
-17.79%
1,617,9100.00%0.74%
-16.84%
JETBLUE AIRWAYS CORP$59,172
-18.83%
3,193,2900.00%0.67%
-17.90%
ADVANCED DRAIN SYS INC DEL$55,424
0.75%
2,737,0000.00%0.63%
1.91%
MASONITE INTL CORP NEW$51,134
42.58%
738,926
55.56%
0.58%
44.23%
SERVICEMASTER GLOBAL HLDGS I$50,118
19.24%
1,072,5000.00%0.57%
20.62%
WHITING PETE CORP NEW$48,949
17.43%
8,965,000
18.51%
0.56%
18.79%
PURECYCLE CORP$44,872
-3.23%
5,982,9700.00%0.51%
-2.11%
PENN NATL GAMING INC$42,292
9.30%
1,808,1130.00%0.48%
10.56%
VISA INC$42,096
12.22%
400,0000.00%0.48%
13.51%
CANADIAN PAC RY LTD$41,411
4.49%
246,4500.00%0.47%
5.69%
STAMPS COM INC$41,283
305.61%
203,717
209.99%
0.47%
310.29%
CSX CORP$39,339
-36.19%
725,000
-35.84%
0.45%
-35.46%
TRIVAGO N V$32,550
-77.93%
3,000,000
-51.88%
0.37%
-77.68%
COSTAR GROUP INC$30,849
1.76%
115,0000.00%0.35%
2.94%
EAGLE MATERIALS INC$29,319
15.45%
274,7810.00%0.33%
16.78%
O REILLY AUTOMOTIVE INC NEW$26,921
64.09%
125,000
66.67%
0.31%
65.99%
SEMGROUP CORPcl a$25,231
6.48%
877,6000.00%0.29%
7.71%
ANADARKO PETE CORP$24,425
111.25%
500,000
96.08%
0.28%
113.69%
BMC STK HLDGS INC$20,821
-2.29%
975,2000.00%0.24%
-1.16%
PROVIDENCE SVC CORP$18,928
6.85%
350,0000.00%0.22%
8.09%
RITE AID CORP$17,640
-33.56%
9,000,0000.00%0.20%
-32.79%
GROUPON INC$17,525
230.72%
3,370,200
144.22%
0.20%
234.54%
ARALEZ PHARMACEUTICALS INC$14,656
69.63%
6,400,0000.00%0.17%
71.59%
BONANZA CREEK ENERGY INC$14,413
55.28%
436,900
49.27%
0.16%
57.07%
TUESDAY MORNING CORP$14,202
68.41%
4,438,2000.00%0.16%
70.35%
TIVITY HEALTH INC$13,872
2.38%
340,0000.00%0.16%
3.57%
ADVANCE AUTO PARTS INCNew $12,400125,0000.14%
CAESARS ACQUISITION COcl a$12,027
12.59%
560,7190.00%0.14%
13.89%
SELECT MED HLDGS CORP$11,850
25.08%
617,2080.00%0.13%
26.52%
PGT INNOVATIONS INC$11,383
-23.43%
761,394
-34.44%
0.13%
-22.55%
WEBSTER FINL CORP CONN$11,041
32.15%
210,100
31.31%
0.13%
33.67%
EHEALTH INC$10,771
663.90%
450,858
501.14%
0.12%
672.71%
PENNYMAC FINL SVCS INCcl a$9,790
12.74%
550,000
5.77%
0.11%
14.04%
SYNCHRONY FINL$9,315
4.12%
300,0000.00%0.11%
5.33%
FIRST REP BK SAN FRANCISCO C$8,357
4.36%
80,0000.00%0.09%
5.56%
Q2 HLDGS INC$6,872
12.71%
165,0000.00%0.08%
14.01%
FACEBOOK INCcl a$6,835
13.18%
40,0000.00%0.08%
14.49%
CARVANA COcl a$6,033
474.57%
411,000
701.17%
0.07%
481.20%
DICKS SPORTING GOODS INCNew $4,052150,0000.05%
INTREXON CORP$3,354
-21.08%
176,4100.00%0.04%
-20.17%
PLAINS GP HLDGS L Pltd partnr int aNew $2,187100,0000.02%
CTRIP COM INTL LTD$2,110
-2.04%
40,0000.00%0.02%
-0.91%
DOVER MOTORSPORTS INC$1,377
-2.41%
671,9310.00%0.02%
-1.28%
BANKRATE INC DEL$1,102
-58.93%
79,000
-62.16%
0.01%
-58.45%
PINNACLE ENTMT INC NEW$1,084
7.86%
50,8540.00%0.01%
9.11%
WEB COM GROUP INCNew $95538,2020.01%
GODADDY INCcl aNew $74017,0000.01%
WIX COM LTD$647
132.73%
9,000
125.00%
0.01%
135.42%
LENDINGCLUB CORPNew $48780,0000.01%
BAZAARVOICE INC$297
-33.41%
60,000
-33.33%
0.00%
-32.64%
NAVIGANT CONSULTING INCSold $0-12,000-0.00%
BAZAARVOICE INC (PUT)Sold $0-30,000-0.00%
TWILIO INCcl aSold $0-15,000-0.00%
CROSS CTRY HEALTHCARE INCSold $0-24,000-0.00%
OLLIES BARGAIN OUTLT HLDGS ISold $0-76,665-0.04%
LENDINGTREE INC NEWSold $0-82,469-0.16%
HUBSPOT INCSold $0-10,000-0.01%
TENET HEALTHCARE CORPSold $0-600,000-0.13%
CONTROLADORA VUELA CIA DE AVspon adr rp 10Sold $0-34,600-0.01%
Portfolio Information
QuarterQ3 2017
Total value$8,801,640,000
Holdings82
Managers
Paul Reeder
Edward Shapiro
Quarters
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