Par Capital Management Q3 2019

Par Capital Management holdings Q3 2019
Name ValueChangeSharesChangeWeightingChange
EXPEDIA GROUP INC$1,281,549
1.30%
9,534,627
0.26%
22.19%
4.73%
UNITED AIRLINES HLDGS INC$1,241,841
-5.84%
14,046,389
-6.75%
21.50%
-2.65%
DELTA AIR LINES INC DEL$489,600
-12.78%
8,500,000
-14.06%
8.48%
-9.83%
BOOKING HLDGS INC$309,825
4.69%
157,8640.00%5.36%
8.23%
CHURCHILL DOWNS INC$266,163
7.29%
2,155,9510.00%4.61%
10.91%
ALLEGIANT TRAVEL CO$243,198
4.29%
1,625,0000.00%4.21%
7.82%
DAVITA INC$237,354
1.44%
4,159,0000.00%4.11%
4.87%
ALASKA AIR GROUP INC$175,906
1.56%
2,710,0000.00%3.05%
5.00%
JETBLUE AWYS CORP$167,142
2.97%
9,978,600
13.67%
2.89%
6.45%
GROUPON INC$150,676
-25.70%
56,645,0000.00%2.61%
-23.19%
WEX INC$146,501
-2.90%
725,0000.00%2.54%
0.38%
HERTZ GLOBAL HLDGS INC$110,369
17.44%
7,974,607
35.43%
1.91%
21.41%
SYNCHRONY FINL$95,282
3.71%
2,795,000
5.47%
1.65%
7.21%
TRIPADVISOR INC$89,119
-16.44%
2,304,0170.00%1.54%
-13.62%
TRIVAGO N V$86,432
-0.70%
21,029,796
1.72%
1.50%
2.66%
VISA INC$77,405
-0.89%
450,0000.00%1.34%
2.46%
FACEBOOK INCcl a$63,717
-7.73%
357,8000.00%1.10%
-4.61%
PURECYCLE CORP$61,505
-3.02%
5,982,9700.00%1.06%
0.26%
BOYD GAMING CORP$58,059
-8.65%
2,424,195
2.76%
1.01%
-5.56%
TWIN RIV WORLDWIDE HLDGS INC$36,927
-15.40%
1,617,481
10.24%
0.64%
-12.54%
RED ROCK RESORTS INCcl a$35,965
1.71%
1,771,257
7.59%
0.62%
5.14%
EHEALTH INC$35,475
-22.43%
531,1420.00%0.61%
-19.80%
TRUECAR INC$35,018
-37.73%
10,299,5040.00%0.61%
-35.62%
INTERNATIONAL GAME TECHNOLOG$30,306
13.28%
2,132,747
3.39%
0.52%
17.11%
PENNYMAC FINL SVCS INC$28,861
36.97%
950,0000.00%0.50%
41.60%
SKYWEST INC$26,340
-5.39%
458,8840.00%0.46%
-2.19%
CARVANA COcl a$22,770
5.45%
345,0000.00%0.39%
9.01%
QUINSTREET INC$22,255
-20.57%
1,767,6970.00%0.39%
-17.88%
GRUBHUB INC$19,674
-27.93%
350,0000.00%0.34%
-25.49%
CONTROLADORA VUELA CIA DE AVspon adr rp 10$14,674
15.21%
1,465,886
7.95%
0.25%
19.10%
BONANZA CREEK ENERGY INC$13,472
-31.73%
601,714
-36.33%
0.23%
-29.42%
AVIS BUDGET GROUP INC (PUT)New $12,8504,5470.22%
HERTZ GLOBAL HLDGS INC (CALL)$11,336
136.76%
8,000
166.67%
0.20%
144.76%
WEBSTER FINL CORP CONN$9,847
-1.88%
210,1000.00%0.17%
1.43%
SELECT MED HLDGS CORP$9,407
4.41%
567,7080.00%0.16%
7.94%
LENDINGTREE INC NEW$8,195
-26.10%
26,4000.00%0.14%
-23.60%
STARS GROUP INC$6,802
-20.95%
454,100
-9.92%
0.12%
-18.28%
AVIS BUDGET GROUP INC$6,359
-19.62%
225,0000.00%0.11%
-16.90%
AMERISOURCEBERGEN CORP$6,175
-3.44%
75,0000.00%0.11%
-0.18%
GREENSKY INCcl a$5,564
-37.42%
812,871
12.37%
0.10%
-35.30%
ANTHEM INC$4,802
-14.92%
20,0000.00%0.08%
-12.04%
ISHARES TR (PUT)russell 2000 etf$3,180
2.25%
2000.00%0.06%
5.71%
PENN NATL GAMING INC$2,980
106.23%
160,000
113.33%
0.05%
113.20%
EVERQUOTE INC$2,668
64.18%
125,0000.00%0.05%
69.73%
REALOGY HLDGS CORP$2,338
-7.73%
350,0000.00%0.04%
-4.62%
MAKEMYTRIP LIMITED MAURITIUS$2,296
-8.53%
101,2000.00%0.04%
-5.43%
DESPEGAR COM CORP$2,078
-18.48%
183,5260.00%0.04%
-15.72%
MGM RESORTS INTERNATIONALNew $1,94070,0000.03%
CHEGG INCNew $1,49850,0000.03%
DOVER MOTORSPORTS INC$1,168
-4.81%
590,0000.00%0.02%
-1.59%
ZIX CORP$521
-20.34%
71,9000.00%0.01%
-17.64%
FLEX LTDord$104
9.47%
9,9100.00%0.00%
13.17%
ZILLOW GROUP INCcl c cap stkSold $0-155,000-0.12%
SEMGROUP CORPcl aSold $0-537,779-0.11%
TEMPUR SEALY INTL INCSold $0-50,000-0.06%
Portfolio Information
QuarterQ3 2019
Total value$5,775,488,000
Holdings52
Managers
Paul Reeder
Edward Shapiro
Quarters
2019-12-31
$5,139,362
2019-09-30
$5,775,488
2019-06-30
$5,970,725
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