Par Capital Management Q4 2018

Par Capital Management holdings Q4 2018
Name ValueChangeSharesChangeWeightingChange
UNITED CONTL HLDGS INC$1,308,210
-5.98%
15,624,1520.00%21.88%
36.96%
EXPEDIA GROUP INC$897,173
-13.66%
7,964,2540.00%15.00%
25.78%
DELTA AIR LINES INC DEL$604,579
-21.19%
12,115,809
-8.67%
10.11%
14.81%
BOOKING HLDGS INC$379,606
38.14%
220,391
59.12%
6.35%
101.25%
SOUTHWEST AIRLS CO$226,255
-25.57%
4,867,8000.00%3.78%
8.43%
CHURCHILL DOWNS INC$166,115
-13.80%
680,966
-1.87%
2.78%
25.58%
ALLEGIANT TRAVEL CO$161,354
-19.61%
1,610,000
1.71%
2.70%
17.11%
GROUPON INC$158,776
505.97%
49,617,616
613.92%
2.65%
782.79%
JETBLUE AIRWAYS CORP$139,321
125.36%
8,675,000
171.66%
2.33%
228.31%
TRIPADVISOR INC$124,279
1.91%
2,304,017
-3.51%
2.08%
48.47%
ALASKA AIR GROUP INC$122,309
-28.95%
2,010,000
-19.60%
2.05%
3.50%
BOYD GAMING CORP$120,844
-44.45%
5,815,376
-9.52%
2.02%
-19.08%
DAVITA INC$110,006
-15.28%
2,137,700
17.93%
1.84%
23.43%
INTERNATIONAL GAME TECHNOLOG$109,296
-31.47%
7,470,694
-7.49%
1.83%
-0.17%
WEX INC$101,544
-26.16%
725,000
5.84%
1.70%
7.57%
TEMPUR SEALY INTL INC$84,787
-21.74%
2,048,0000.00%1.42%
14.01%
HERTZ GLOBAL HLDGS INC$80,379
-16.41%
5,888,5760.00%1.34%
21.77%
TRUECAR INC$74,975
-40.71%
8,275,395
-7.72%
1.25%
-13.62%
TRIVAGO N V$73,781
-8.60%
13,105,0000.00%1.23%
33.15%
OWENS CORNING NEW$70,462
-42.63%
1,602,144
-29.21%
1.18%
-16.42%
ADVANCED DRAIN SYS INC DEL$66,372
-21.52%
2,737,0000.00%1.11%
14.33%
GLOBAL EAGLE ENTMT INC$64,628
-20.92%
28,981,0720.00%1.08%
15.20%
FACEBOOK INCcl a$60,013
-20.29%
457,8000.00%1.00%
16.12%
PURECYCLE CORP$59,411
-14.03%
5,982,9700.00%0.99%
25.25%
VISA INC$59,373
-12.09%
450,0000.00%0.99%
28.06%
CONNS INC$55,975
-48.54%
2,967,920
-3.55%
0.94%
-25.03%
CAESARS ENTMT CORP$53,967
-66.28%
7,947,967
-49.10%
0.90%
-50.88%
SYNCHRONY FINL$51,729
49.94%
2,205,000
98.65%
0.86%
118.44%
WILLIAMS COS INC DEL$38,759
-58.47%
1,757,798
-48.78%
0.65%
-39.49%
ISHARES TRcore s&p500 etfNew $37,993151,0000.64%
RED ROCK RESORTS INCcl a$33,863
-22.00%
1,667,300
2.35%
0.57%
13.64%
GAMING & LEISURE PPTYS INC$32,523
-81.36%
1,006,600
-79.67%
0.54%
-72.85%
EHEALTH INC$26,984
34.20%
702,342
-1.29%
0.45%
95.51%
ANTHEM INC$19,697
2.67%
75,000
7.14%
0.33%
49.58%
BONANZA CREEK ENERGY INC$19,211
-20.65%
929,400
14.32%
0.32%
15.60%
QUINSTREET INC$18,019
637.58%
1,110,229
516.79%
0.30%
974.52%
WYNN RESORTS LTD$15,331
-34.78%
155,000
-16.22%
0.26%
-4.98%
PENNYMAC FINL SVCS INCNew $14,882700,0000.25%
MGM RESORTS INTERNATIONAL$14,556
-57.60%
600,000
-51.22%
0.24%
-38.23%
CIGNA CORP NEWNew $13,29470,0000.22%
STARS GROUP INC$11,632
-70.89%
704,100
-56.13%
0.19%
-57.59%
CARVANA COcl a$11,285
-44.83%
345,000
-0.34%
0.19%
-19.63%
WEBSTER FINL CORP CONN$10,356
-16.40%
210,1000.00%0.17%
21.80%
STAMPS COM INC$10,228
-90.21%
65,717
-85.77%
0.17%
-85.74%
SEMGROUP CORPcl a$9,753
-42.01%
707,779
-7.21%
0.16%
-15.52%
SELECT MED HLDGS CORP$8,714
-23.29%
567,708
-8.05%
0.15%
11.75%
CAESARS ENTMT CORPnote 5.000%10/0$7,247
-24.99%
5,933,0440.00%0.12%
9.27%
TUESDAY MORNING CORP$6,144
-57.98%
3,614,118
-20.89%
0.10%
-38.78%
LENDINGTREE INC NEW$5,797
-4.58%
26,4000.00%0.10%
39.02%
AVIS BUDGET GROUP$5,058
-22.86%
225,000
10.29%
0.08%
12.38%
CONTROLADORA VUELA CIA DE AVspon adr rp 10$4,840
-11.08%
904,600
23.99%
0.08%
29.54%
AMERISOURCEBERGEN CORP$3,720
-19.32%
50,0000.00%0.06%
17.53%
DOVER DOWNS GAMING & ENTMT I$2,535
-2.46%
915,0000.00%0.04%
42.10%
EXTENDED STAY AMER INCunit 99/99/9999b$2,472
-74.27%
159,500
-66.42%
0.04%
-62.52%
MAKEMYTRIP LIMITED MAURITIUS$2,462
-11.38%
101,2000.00%0.04%
29.11%
DESPEGAR COM CORP$2,278
-26.42%
183,5260.00%0.04%
7.19%
SOUTHWESTERN ENERGY CO$2,045
-63.62%
599,800
-45.47%
0.03%
-47.00%
DOVER MOTORSPORTS INC$1,263
-12.60%
671,9310.00%0.02%
27.33%
EVERQUOTE INCNew $1,030246,3000.02%
MELCO RESORT ENTERTAINMENT Ladr$881
-84.85%
50,000
-81.82%
0.01%
-77.93%
MASONITE INTL CORP NEWSold $0-748,926-0.55%
WHITING PETE CORP NEWSold $0-3,218,750-1.96%
ADVANCE AUTO PARTS INCSold $0-180,000-0.35%
TIVITY HEALTH INCSold $0-477,042-0.18%
AT HOME GROUP INCSold $0-1,428,500-0.52%
DICKS SPORTING GOODS INCSold $0-150,000-0.06%
CTRIP COM INTL LTDSold $0-5,056,200-2.16%
MCKESSON CORPSold $0-3,300,000-5.02%
ANGI HOMESERVICES INCSold $0-802,040-0.22%
ELDORADO RESORTS INCSold $0-3,926,940-2.19%
BMC STK HLDGS INCSold $0-344,000-0.07%
YELP INCcl aSold $0-500,000-0.28%
PENNYMAC FINL SVCS INCcl aSold $0-700,000-0.17%
O REILLY AUTOMOTIVE INC NEWSold $0-100,000-0.40%
HERC HLDGS INCSold $0-1,907,400-1.12%
PENN NATL GAMING INCSold $0-1,859,904-0.70%
EAGLE MATERIALS INCSold $0-274,781-0.27%
CIGNA CORPORATIONSold $0-70,000-0.17%
GENESEE & WYO INCcl aSold $0-60,000-0.06%
DYCOM INDS INCSold $0-1,183,200-1.15%
COSTAR GROUP INCSold $0-115,000-0.56%
Portfolio Information
QuarterQ4 2018
Total value$5,980,371,000
Holdings60
Managers
Paul Reeder
Edward Shapiro
Quarters
2019-03-31
$5,389,260
2018-12-31
$5,980,371
2018-09-30
$8,712,384
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