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
- added+5.59
- added−1.21
- held
- trimmed+0.25
Positions
| DALDelta Air Lines, Inc. | 12.98% | 11,426,009 | $562M | added+50% | +5.59 pp | 7 q |
| unresolvedGlobal Eagle Entmt Inc | 9.11% | 28,981,072 | $394M | held | — | 7 q |
| EXPEExpedia Group, Inc. | 6.81% | 3,454,800 | $295M | added+1% | −1.21 pp | 7 q |
| ALKAlaska Air Group, Inc. | 6.49% | 4,702,364 | $281M | held | — | 7 q |
| LUVSouthwest Airlines Co. | 5.25% | 5,367,500 | $227M | trimmed−3% | +0.25 pp | 5 q |
| AALAmerican Airlines Group Inc. | 5.11% | 4,125,000 | $221M | added+40% | +2.31 pp | 5 q |
| TRIPTripAdvisor, Inc. | 3.61% | 2,094,042 | $156M | added0% | −1.49 pp | 7 q |
| unresolvedOrbitz Worldwide Inc | 3.14% | 16,500,000 | $136M | held | — | 7 q |
| CHDNChurchill Downs Inc | 2.83% | 1,286,544 | $123M | held | — | 7 q |
| UALUnited Airlines Holdings, Inc. | 2.79% | 1,805,000 | $121M | added×2.3 | +1.79 pp | 2 q |
| MLCOMelco Resorts & Entertainment Limited | 2.61% | 4,453,519 | $113M | added+7% | −0.32 pp | 7 q |
| GLPIGaming and Leisure Properties, Inc. | 2.55% | 3,757,826 | $110M | added+17% | −0.10 pp | 5 q |
| PENNPENN Entertainment, Inc. | 2.49% | 7,859,300 | $108M | held | — | 7 q |
| BYDBoyd Gaming Corporation | 2.47% | 8,363,055 | $107M | trimmed−1% | +0.18 pp | 7 q |
| unresolvedPriceline Grp Inc | 2.45% | 93,000 | $106M | trimmed−56% | −4.12 pp | 7 q |
| URIUnited Rentals, Inc. | 2.23% | 944,813 | $96M | added+1% | −0.55 pp | 7 q |
| unresolvedVirgin America Inc | 2.15% | 2,264,492 | $93M | new | +2.15 pp | new |
| GBXThe Greenbrier Companies, Inc. | 2.10% | 1,693,700 | $91M | held | — | 7 q |
| SAVEQSpirit Airlines, Inc. | 1.92% | 1,100,000 | $83M | trimmed−12% | −0.39 pp | 7 q |
| unresolvedQunar ADR | 1.68% | 2,561,416 | $73M | added×23.5 | +1.60 pp | 2 q |
| CHGGChegg, Inc. | 1.20% | 7,500,000 | $52M | added+15% | +0.11 pp | 4 q |
| unresolvedRite Aid Corp | 1.19% | 6,845,922 | $51M | added+37% | +0.54 pp | 2 q |
| GMGeneral Motors Company | 1.14% | 1,418,550 | $50M | held | — | 7 q |
| unresolvedCanadian Pac Ry Ltd | 1.02% | 230,000 | $44M | added+39% | +0.10 pp | 3 q |
| WCGWellcare Health Plans, Inc. | 0.95% | 500,000 | $41M | held | — | 2 q |
| OCOwens Corning | 0.94% | 1,134,762 | $41M | held | — | 7 q |
| LNWOLight & Wonder Inc | 0.90% | 3,067,900 | $39M | added+2% | +0.04 pp | 3 q |
| unresolvedStone Energy Corp | 0.86% | 2,200,600 | $37M | added+74% | −0.20 pp | 7 q |
| ALGTAllegiant Travel Company | 0.81% | 232,299 | $35M | trimmed−40% | −0.46 pp | 2 q |
| unresolvedPozen Inc. | 0.71% | 3,863,699 | $31M | added+15% | +0.05 pp | 7 q |
| WMSAdvanced Drainage Systems, Inc. | 0.67% | 1,255,000 | $29M | new | +0.67 pp | new |
| MGLNMagellan Health Services, Inc. | 0.56% | 402,900 | $24M | added+1% | −0.03 pp | 7 q |
| unresolvedPinnacle Entertainment Inc. | 0.56% | 1,089,466 | $24M | added×2.7 | +0.29 pp | 7 q |
| PCYOPure Cycle Corporation | 0.55% | 5,982,970 | $24M | held | — | 7 q |
| EVLVEvine Live Inc | 0.54% | 3,562,300 | $23M | new | +0.54 pp | new |
| APAMArtisan Partners Asset Management Inc. | 0.51% | 440,000 | $22M | added+57% | +0.12 pp | 4 q |
| IVZInvesco LTD | 0.46% | 500,000 | $20M | held | — | 4 q |
| GWRGenesee & Wyoming Inc. | 0.38% | 181,382 | $16M | held | — | 7 q |
| unresolvedElong Inc | 0.36% | 864,214 | $16M | new | +0.36 pp | new |
| VVISA Inc. | 0.36% | 60,000 | $16M | added+40% | +0.11 pp | 2 q |
| ERICaesars Entertainment, Inc. | 0.35% | 3,747,305 | $15M | added+56% | +0.08 pp | 2 q |
| MLIMueller Industries, Inc. | 0.33% | 413,000 | $14M | held | — | 7 q |
| DOORMasonite International Corp | 0.32% | 227,000 | $14M | added+75% | +0.13 pp | 2 q |
| CPACopa Holdings, S.A. | 0.30% | 125,000 | $13M | held | — | 2 q |
| FCXFreeport-McMoran Inc. | 0.29% | 540,000 | $13M | held | — | 4 q |
| ICEIntercontinental Exchange Inc. | 0.29% | 57,500 | $13M | added+15% | +0.03 pp | 4 q |
| EXPEagle Materials, Inc. | 0.25% | 139,600 | $11M | added+48% | −0.01 pp | 7 q |
| PGTIPGT, Inc. | 0.22% | 1,001,172 | $10M | added+5% | −0.02 pp | 4 q |
| APCAnadarko Petroleum Corp | 0.21% | 112,444 | $9M | trimmed−40% | −0.30 pp | 4 q |
| CSGPCoStar Group Inc | 0.21% | 50,200 | $9M | added+48% | +0.07 pp | 2 q |
| LVSLas Vegas Sands Corp. | 0.20% | 150,000 | $9M | trimmed−44% | −0.25 pp | 2 q |
| VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v. | 0.18% | 868,808 | $8M | added+44% | +0.04 pp | 4 q |
| unresolvedIsle of Capri Casinos Inc. | 0.18% | 934,839 | $8M | held | — | 7 q |
| SFStifel Financial Corp. | 0.12% | 100,000 | $5M | new | +0.12 pp | new |
| WEXWEX Inc. | 0.11% | 48,000 | $5M | new | +0.11 pp | new |
| unresolvedLakes Entmnt Inc | 0.10% | 658,457 | $4M | new | +0.10 pp | new |
| unresolvedAshford Hospitality Prime Inc | 0.09% | 226,258 | $4M | held | — | 3 q |
| unresolvedCivitas Solutions Inc | 0.09% | 225,500 | $4M | new | +0.09 pp | new |
| FRCBFirst Republic Bk CA | 0.09% | 76,000 | $4M | added+9% | 0.00 pp | 2 q |
| STTState Street Corporation | 0.09% | 50,000 | $4M | new | +0.09 pp | new |
| TRUETrueCar, Inc. | 0.09% | 170,951 | $4M | new | +0.09 pp | new |
| unresolvedViggle Inc | 0.08% | 1,375,000 | $4M | held | — | 3 q |
| VRTSVirtus Investment Partners, Inc. | 0.08% | 20,000 | $3M | trimmed−71% | −0.25 pp | 3 q |
| unresolvedNewfield Expl Co | 0.06% | 100,000 | $3M | new | +0.06 pp | new |
| PRSCModivcare Inc | 0.06% | 69,400 | $3M | new | +0.06 pp | new |
| unresolvedBonanza Creek Energy Inc | 0.05% | 92,892 | $2M | new | +0.05 pp | new |
| unresolvedDover Motorsports, Inc. | 0.04% | 671,931 | $2M | held | — | 7 q |
| JPMJPMorgan Chase & Co. | 0.03% | 20,000 | $1M | trimmed−75% | −0.10 pp | 4 q |
| unresolvedRmg Networks Hldg Corp | 0.03% | 1,112,293 | $1M | held | — | 6 q |
| unresolvedVantiv Inc | 0.03% | 35,000 | $1M | new | +0.03 pp | new |
| unresolvedBally Technologies Inc | — | −951,740 | — | exited | −2.05 pp | — |
| AYIAcuity Inc. | — | −301,783 | — | exited | −0.95 pp | — |
| VECOVeeco Instruments Inc | — | −935,465 | — | exited | −0.87 pp | — |
| CRMSalesforce, Inc. | — | −446,000 | — | exited | −0.69 pp | — |
| unresolvedAixtron SE | — | −1,446,377 | — | exited | −0.59 pp | — |
| unresolvedValuevision Media Inc. | — | −3,562,300 | — | exited | −0.49 pp | — |
| MOHMolina Healthcare, Inc. | — | −300,000 | — | exited | −0.34 pp | — |
| METAMeta Platforms, Inc. Class A | — | −137,500 | — | exited | −0.29 pp | — |
| SLABSilicon Laboratories Inc | — | −224,000 | — | exited | −0.24 pp | — |
| KLACKLA Corporation | — | −81,000 | — | exited | −0.17 pp | — |
| unresolvedHertz Global Holdings Inc | — | −100,000 | — | exited | −0.07 pp | — |
| unresolvedThe First Marblehead Corp. | — | −60,000 | — | exited | 0.00 pp | — |
