PAR Capital
Picture
Moves
Options: 1 move on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| unresolvedGlobal Eagle Entmt Inc | 14.34% | 28,968,499 | $430M | held | — | 3 q |
| unresolvedPriceline Grp Inc | 9.43% | 243,200 | $283M | trimmed−52% | −6.15 pp | 3 q |
| CARAvis Budget Group, Inc. | 7.20% | 5,342,659 | $216M | held | — | 3 q |
| TRIPTripAdvisor, Inc. | 5.77% | 2,087,742 | $173M | trimmed−10% | +0.38 pp | 3 q |
| ALKAlaska Air Group, Inc. | 5.75% | 2,351,182 | $173M | trimmed−45% | −2.46 pp | 3 q |
| DALDelta Air Lines, Inc. | 4.95% | 5,405,000 | $148M | held | — | 3 q |
| unresolvedOrbitz Worldwide Inc | 3.95% | 16,500,000 | $118M | held | — | 3 q |
| EXPEExpedia Group, Inc. | 3.93% | 1,694,000 | $118M | trimmed−10% | +0.95 pp | 3 q |
| CHDNChurchill Downs Inc | 3.85% | 1,286,544 | $115M | added0% | +0.45 pp | 3 q |
| GLPIGaming and Leisure Properties, Inc. | 3.59% | 2,120,082 | $108M | new | +3.59 pp | new |
| MLCOMelco Resorts & Entertainment Limited | 2.81% | 2,150,000 | $84M | trimmed−23% | +0.09 pp | 3 q |
| BYDBoyd Gaming Corporation | 2.59% | 6,907,300 | $78M | added+19% | +0.06 pp | 3 q |
| unresolvedBally Technologies Inc | 2.49% | 951,740 | $75M | held | — | 3 q |
| URIUnited Rentals, Inc. | 2.42% | 932,813 | $73M | trimmed−9% | +0.59 pp | 3 q |
| LUVSouthwest Airlines Co. | 2.07% | 3,298,576 | $62M | new | +2.07 pp | new |
| GBXThe Greenbrier Companies, Inc. | 1.84% | 1,679,700 | $55M | trimmed−2% | +0.54 pp | 3 q |
| AALAmerican Airlines Group Inc. | 1.68% | 2,000,000 | $51M | new | +1.68 pp | new |
| SAVEQSpirit Airlines, Inc. | 1.67% | 1,100,000 | $50M | held | — | 3 q |
| PENNPENN Entertainment, Inc. | 1.65% | 3,446,385 | $49M | trimmed−22% | −5.84 pp | 3 q |
| OCOwens Corning | 1.42% | 1,044,762 | $43M | added+14% | +0.35 pp | 3 q |
| KLACKLA Corporation | 1.38% | 642,000 | $41M | held | — | 3 q |
| PCYOPure Cycle Corporation | 1.26% | 5,982,970 | $38M | held | — | 3 q |
| unresolvedCree Inc | 1.16% | 555,300 | $35M | added+3% | +0.16 pp | 3 q |
| unresolvedPozen Inc. | 0.90% | 3,356,299 | $27M | held | — | 3 q |
| unresolvedAixtron SE | 0.83% | 1,708,509 | $25M | added+2% | −0.04 pp | 3 q |
| unresolvedValuevision Media Inc. | 0.83% | 3,562,300 | $25M | held | — | 3 q |
| AYIAcuity Inc. | 0.81% | 223,183 | $24M | held | — | 3 q |
| unresolvedInvensense Inc | 0.79% | 1,139,102 | $24M | new | +0.79 pp | new |
| unresolvedIsle of Capri Casinos Inc. | 0.74% | 2,463,467 | $22M | added+9% | +0.22 pp | 3 q |
| WCGWellcare Health Plans, Inc. | 0.70% | 300,000 | $21M | trimmed−40% | −0.37 pp | 3 q |
| CRMSalesforce, Inc. | 0.64% | 350,000 | $19M | trimmed−12% | +0.01 pp | 3 q |
| SLABSilicon Laboratories Inc | 0.51% | 352,800 | $15M | new | +0.51 pp | new |
| SSYSStratasys Inc (ISRAEL) | 0.51% | 113,940 | $15M | trimmed−27% | +0.02 pp | 2 q |
| unresolvedMTR Gaming Group Inc | 0.48% | 2,792,000 | $14M | added+73% | +0.25 pp | 3 q |
| GWRGenesee & Wyoming Inc. | 0.46% | 143,382 | $14M | added+12% | +0.09 pp | 3 q |
| unresolvedStone Energy Corp | 0.46% | 396,700 | $14M | added0% | +0.07 pp | 3 q |
| MLIMueller Industries, Inc. | 0.42% | 201,500 | $13M | held | — | 3 q |
| ATMLAtmel Corp | 0.35% | 1,325,000 | $10M | trimmed−44% | −0.19 pp | 3 q |
| GMGeneral Motors Company | 0.35% | 258,550 | $11M | held | — | 3 q |
| MOHMolina Healthcare, Inc. | 0.35% | 300,000 | $10M | new | +0.35 pp | new |
| unresolvedPinnacle Entertainment Inc. | 0.35% | 400,000 | $10M | held | — | 3 q |
| unresolvedWellpoint Inc | 0.31% | 102,100 | $9M | trimmed−86% | −1.62 pp | 3 q |
| unresolvedNewfield Expl Co | 0.28% | 335,000 | $8M | held | — | 3 q |
| METAMeta Platforms, Inc. Class A | 0.26% | 140,000 | $8M | held | — | 3 q |
| MASMasco Corporation | 0.26% | 345,000 | $8M | trimmed−35% | −0.09 pp | 3 q |
| FFIVF5, Inc. | 0.18% | 59,920 | $5M | trimmed−68% | −0.32 pp | 2 q |
| EXPEagle Materials, Inc. | 0.17% | 67,600 | $5M | held | — | 3 q |
| unresolvedLakes Entertainment Inc | 0.17% | 1,316,914 | $5M | held | — | 3 q |
| unresolvedRmg Networks Hldg Corp | 0.16% | 1,000,000 | $5M | held | — | 2 q |
| MGLNMagellan Health Services, Inc. | 0.13% | 64,148 | $4M | held | — | 3 q |
| TAROTaro Pharmaceutical Indus | 0.13% | 38,437 | $4M | held | — | 3 q |
| MYGNMyriad Genetics Inc | 0.10% | 140,000 | $3M | new | +0.10 pp | new |
| unresolvedDover Motorsports, Inc. | 0.06% | 671,931 | $2M | held | — | 3 q |
| SHWThe Sherwin-Williams Company | 0.06% | 9,000 | $2M | trimmed−40% | −0.02 pp | 2 q |
| unresolvedAetna Inc New | 0.05% | 22,000 | $2M | trimmed−98% | −2.21 pp | 3 q |
| MGMMgm Resorts International | — | −3,702,900 | — | exited | −2.32 pp | — |
| unresolvedUS Airways Group Inc. | — | −2,500,000 | — | exited | −1.46 pp | — |
| GOGOGogo Inc. | — | −793,800 | — | exited | −0.43 pp | — |
| unresolvedAruba Networks Inc | — | −509,851 | — | exited | −0.26 pp | — |
| EXXIEnergy Xxi Ltd | — | −200,000 | — | exited | −0.19 pp | — |
| UHSUniversal Health Services, Inc. Class B | — | −76,900 | — | exited | −0.18 pp | — |
| unresolvedAngie's List | — | −250,000 | — | exited | −0.17 pp | — |
| unresolvedArm Hdg.Spn.Adr | — | −80,300 | — | exited | −0.12 pp | — |
| HZOMarineMax, Inc. | — | −307,283 | — | exited | −0.12 pp | — |
| RHPRyman Hospitality Properties, Inc | — | −100,000 | — | exited | −0.11 pp | — |
| unresolvedThe First Marblehead Corp. | — | −600,000 | — | exited | −0.02 pp | — |
| unresolvedJive Software Inc | — | −65,000 | — | exited | −0.02 pp | — |
| unresolvedLone Pine Resources Inc | — | −392,886 | — | exited | 0.00 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| WYNN PUT | 100.00% | 40,000 | $8M |
Notes