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 | 13.80% | 28,968,499 | $457M | held | — | 4 q |
| ALKAlaska Air Group, Inc. | 6.63% | 2,351,182 | $219M | held | — | 4 q |
| EXPEExpedia Group, Inc. | 5.80% | 2,649,000 | $192M | added+56% | +1.87 pp | 4 q |
| TRIPTripAdvisor, Inc. | 5.72% | 2,087,742 | $189M | held | — | 4 q |
| DALDelta Air Lines, Inc. | 5.70% | 5,445,000 | $189M | added+1% | +0.75 pp | 4 q |
| unresolvedOrbitz Worldwide Inc | 3.91% | 16,500,000 | $129M | held | — | 4 q |
| CARAvis Budget Group, Inc. | 3.68% | 2,502,660 | $122M | trimmed−53% | −3.52 pp | 4 q |
| CHDNChurchill Downs Inc | 3.55% | 1,286,544 | $117M | held | — | 4 q |
| LUVSouthwest Airlines Co. | 3.44% | 4,815,000 | $114M | added+46% | +1.37 pp | 2 q |
| unresolvedPriceline Grp Inc | 3.27% | 90,800 | $108M | trimmed−63% | −6.16 pp | 4 q |
| BYDBoyd Gaming Corporation | 3.20% | 8,016,850 | $106M | added+16% | +0.61 pp | 4 q |
| MLCOMelco Resorts & Entertainment Limited | 2.92% | 2,500,000 | $97M | added+16% | +0.11 pp | 4 q |
| PENNPENN Entertainment, Inc. | 2.87% | 7,700,300 | $95M | added×2.2 | +1.22 pp | 4 q |
| AALAmerican Airlines Group Inc. | 2.77% | 2,500,000 | $92M | added+25% | +1.09 pp | 2 q |
| URIUnited Rentals, Inc. | 2.68% | 934,813 | $89M | added0% | +0.26 pp | 4 q |
| GLPIGaming and Leisure Properties, Inc. | 2.44% | 2,213,943 | $81M | added+4% | −1.15 pp | 2 q |
| GBXThe Greenbrier Companies, Inc. | 2.33% | 1,693,700 | $77M | added+1% | +0.49 pp | 4 q |
| SAVEQSpirit Airlines, Inc. | 2.24% | 1,250,000 | $74M | added+14% | +0.57 pp | 4 q |
| unresolvedBally Technologies Inc | 1.91% | 951,740 | $63M | held | — | 4 q |
| OCOwens Corning | 1.42% | 1,089,762 | $47M | added+4% | 0.00 pp | 4 q |
| KLACKLA Corporation | 1.34% | 642,000 | $44M | held | — | 4 q |
| VECOVeeco Instruments Inc | 1.25% | 985,465 | $41M | new | +1.25 pp | new |
| PCYOPure Cycle Corporation | 1.09% | 5,982,970 | $36M | held | — | 4 q |
| unresolvedStone Energy Corp | 1.05% | 825,536 | $35M | added×2.1 | +0.59 pp | 4 q |
| unresolvedCree Inc | 1.02% | 595,300 | $34M | added+7% | −0.14 pp | 4 q |
| CRMSalesforce, Inc. | 0.96% | 556,000 | $32M | added+59% | +0.32 pp | 4 q |
| unresolvedAixtron SE | 0.89% | 1,798,509 | $29M | added+5% | +0.06 pp | 4 q |
| SLABSilicon Laboratories Inc | 0.82% | 516,800 | $27M | added+46% | +0.31 pp | 2 q |
| unresolvedPozen Inc. | 0.81% | 3,356,299 | $27M | held | — | 4 q |
| unresolvedInvensense Inc | 0.71% | 992,402 | $23M | trimmed−13% | −0.08 pp | 2 q |
| AYIAcuity Inc. | 0.61% | 152,783 | $20M | trimmed−32% | −0.20 pp | 4 q |
| MGLNMagellan Health Services, Inc. | 0.59% | 330,532 | $20M | added×5.2 | +0.46 pp | 4 q |
| IVZInvesco LTD | 0.56% | 500,000 | $19M | new | +0.56 pp | new |
| GWRGenesee & Wyoming Inc. | 0.53% | 181,382 | $18M | added+27% | +0.07 pp | 4 q |
| unresolvedValuevision Media Inc. | 0.52% | 3,562,300 | $17M | held | — | 4 q |
| GMGeneral Motors Company | 0.49% | 473,550 | $16M | added+83% | +0.14 pp | 4 q |
| APCAnadarko Petroleum Corp | 0.48% | 187,444 | $16M | new | +0.48 pp | new |
| unresolvedMTR Gaming Group Inc | 0.43% | 2,792,000 | $14M | held | — | 4 q |
| FCXFreeport-McMoran Inc. | 0.37% | 375,000 | $12M | new | +0.37 pp | new |
| MLIMueller Industries, Inc. | 0.37% | 413,000 | $12M | added+2% | −0.05 pp | 4 q |
| unresolvedIsle of Capri Casinos Inc. | 0.34% | 1,463,467 | $11M | trimmed−41% | −0.40 pp | 4 q |
| MOHMolina Healthcare, Inc. | 0.34% | 300,000 | $11M | held | — | 2 q |
| ATMLAtmel Corp | 0.33% | 1,325,000 | $11M | held | — | 4 q |
| unresolvedWellpoint Inc | 0.30% | 100,000 | $10M | trimmed−2% | −0.01 pp | 4 q |
| JPMJPMorgan Chase & Co. | 0.29% | 160,000 | $10M | new | +0.29 pp | new |
| unresolvedPinnacle Entertainment Inc. | 0.29% | 400,000 | $9M | held | — | 4 q |
| ICEIntercontinental Exchange Inc. | 0.28% | 47,500 | $9M | new | +0.28 pp | new |
| APAMArtisan Partners Asset Management Inc. | 0.25% | 130,000 | $8M | new | +0.25 pp | new |
| METAMeta Platforms, Inc. Class A | 0.25% | 140,000 | $8M | held | — | 4 q |
| SSYSStratasys Inc (ISRAEL) | 0.25% | 76,940 | $8M | trimmed−32% | −0.26 pp | 3 q |
| GRPNGroupon, Inc. | 0.23% | 950,000 | $7M | new | +0.23 pp | new |
| CHGGChegg, Inc. | 0.21% | 1,000,000 | $7M | new | +0.21 pp | new |
| EXPEagle Materials, Inc. | 0.21% | 78,600 | $7M | added+16% | +0.04 pp | 4 q |
| PGTIPGT, Inc. | 0.21% | 591,172 | $7M | new | +0.21 pp | new |
| unresolvedLakes Entertainment Inc | 0.20% | 1,316,914 | $7M | held | — | 4 q |
| MASMasco Corporation | 0.19% | 285,000 | $6M | trimmed−17% | −0.07 pp | 4 q |
| unresolvedRmg Networks Hldg Corp | 0.17% | 1,000,000 | $6M | held | — | 3 q |
| EXXIEnergy Xxi Ltd | 0.16% | 219,800 | $5M | new | +0.16 pp | new |
| unresolvedRex Energy Corporation | 0.10% | 170,000 | $3M | new | +0.10 pp | new |
| unresolvedDover Motorsports, Inc. | 0.05% | 671,931 | $2M | held | — | 4 q |
| unresolvedNewfield Expl Co | 0.05% | 55,000 | $2M | trimmed−84% | −0.23 pp | 4 q |
| SHWThe Sherwin-Williams Company | 0.05% | 9,000 | $2M | held | — | 3 q |
| VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v. | 0.04% | 140,000 | $1M | new | +0.04 pp | new |
| unresolvedThe First Marblehead Corp. | 0.01% | 60,000 | $362,000 | new | +0.01 pp | new |
| WCGWellcare Health Plans, Inc. | — | −300,000 | — | exited | −0.70 pp | — |
| FFIVF5, Inc. | — | −59,920 | — | exited | −0.18 pp | — |
| TAROTaro Pharmaceutical Indus | — | −38,437 | — | exited | −0.13 pp | — |
| MYGNMyriad Genetics Inc | — | −140,000 | — | exited | −0.10 pp | — |
| unresolvedAetna Inc New | — | −22,000 | — | exited | −0.05 pp | — |
