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
- held
- added+1.09
- added+1.71
- added+1.21
Positions
| UALUnited Airlines Holdings, Inc. | 13.77% | 16,294,711 | $1.2B | held | — | 12 q |
| EXPEExpedia Group, Inc. | 13.07% | 7,814,983 | $1.2B | added0% | +1.09 pp | 17 q |
| DALDelta Air Lines, Inc. | 7.89% | 13,065,809 | $702M | added+18% | +1.71 pp | 17 q |
| MCKMcKesson Corporation | 6.04% | 3,266,200 | $537M | added+22% | +1.21 pp | 6 q |
| unresolvedCigna Corporation | 5.08% | 2,700,000 | $452M | trimmed−22% | −1.06 pp | 8 q |
| LUVSouthwest Airlines Co. | 3.92% | 5,618,200 | $349M | held | — | 15 q |
| unresolvedGrubhub Inc | 3.29% | 6,717,000 | $293M | held | — | 8 q |
| unresolvedPriceline Grp Inc | 2.90% | 138,005 | $258M | held | — | 17 q |
| BYDBoyd Gaming Corporation | 2.58% | 9,256,701 | $230M | held | — | 17 q |
| ALKAlaska Air Group, Inc. | 2.52% | 2,500,000 | $224M | trimmed−44% | −2.53 pp | 17 q |
| ZZillow Group, Inc. Class C | 2.14% | 3,882,041 | $190M | held | — | 6 q |
| CARAvis Budget Group, Inc. | 2.00% | 6,540,608 | $178M | added+42% | +0.34 pp | 9 q |
| GLPIGaming and Leisure Properties, Inc. | 1.97% | 4,646,797 | $175M | held | — | 15 q |
| HCAHCA Healthcare, Inc. | 1.96% | 2,000,000 | $174M | held | — | 7 q |
| OCOwens Corning | 1.84% | 2,444,762 | $164M | trimmed−4% | −0.07 pp | 17 q |
| ERICaesars Entertainment, Inc. | 1.68% | 7,474,779 | $149M | added+86% | +0.76 pp | 12 q |
| CHDNChurchill Downs Inc | 1.67% | 813,165 | $149M | held | — | 17 q |
| unresolvedTrivago NV | 1.66% | 6,234,000 | $147M | added+11% | +0.77 pp | 3 q |
| MGMMgm Resorts International | 1.39% | 3,944,800 | $123M | trimmed−43% | −0.92 pp | 9 q |
| SGISomnigroup International Inc. | 1.23% | 2,048,000 | $109M | held | — | 2 q |
| unresolvedGlobal Eagle Entmt Inc | 1.16% | 28,981,072 | $103M | held | — | 17 q |
| TRIPTripAdvisor, Inc. | 1.16% | 2,695,569 | $103M | trimmed−43% | −1.34 pp | 17 q |
| WMBWilliams Companies Inc. | 1.15% | 3,385,000 | $102M | trimmed−19% | −0.36 pp | 5 q |
| TRUETrueCar, Inc. | 1.08% | 4,828,447 | $96M | held | — | 11 q |
| AALAmerican Airlines Group Inc. | 0.94% | 1,666,351 | $84M | held | — | 15 q |
| ZGZillow Group Inc Class A | 0.89% | 1,617,910 | $79M | held | — | 6 q |
| CHGGChegg, Inc. | 0.86% | 6,241,298 | $77M | trimmed−28% | −0.03 pp | 14 q |
| JBLUJetBlue Airways Corp | 0.82% | 3,193,290 | $73M | held | — | 5 q |
| BRSLBrightstar Lottery PLC | 0.77% | 3,738,776 | $68M | added×2.1 | +0.27 pp | 9 q |
| HTZGQHertz Global Holdings Inc | 0.76% | 5,888,576 | $68M | held | — | 2 q |
| WEXWEX Inc. | 0.76% | 650,000 | $68M | added+32% | +0.14 pp | 11 q |
| DYDycom Industries, Inc. | 0.75% | 750,000 | $67M | added+6% | −0.05 pp | 4 q |
| CSXCSX Corporation | 0.69% | 1,130,000 | $62M | held | — | 5 q |
| CONNQConn's Inc | 0.64% | 3,000,000 | $57M | added+6% | +0.34 pp | 2 q |
| WMSAdvanced Drainage Systems, Inc. | 0.62% | 2,737,000 | $55M | held | — | 11 q |
| RRRRed Rock Resorts, Inc. Class A | 0.62% | 2,362,032 | $56M | added+26% | +0.11 pp | 4 q |
| HRIHerc Holdings Inc. | 0.58% | 1,309,000 | $51M | held | — | 4 q |
| PCYOPure Cycle Corporation | 0.52% | 5,982,970 | $46M | held | — | 17 q |
| SERVTerminix Global Holdings Inc | 0.47% | 1,072,500 | $42M | held | — | 9 q |
| unresolvedWhiting Pete Corp New | 0.47% | 7,565,000 | $42M | added+28% | −0.21 pp | 4 q |
| unresolvedCanadian Pac Ry Ltd | 0.45% | 246,450 | $40M | held | — | 13 q |
| PENNPENN Entertainment, Inc. | 0.43% | 1,808,113 | $39M | trimmed−39% | −0.23 pp | 17 q |
| VVISA Inc. | 0.42% | 400,000 | $38M | held | — | 12 q |
| DOORMasonite International Corp | 0.40% | 475,000 | $36M | added+25% | +0.03 pp | 12 q |
| CSGPCoStar Group Inc | 0.34% | 115,000 | $30M | held | — | 12 q |
| unresolvedRite Aid Corp | 0.30% | 9,000,000 | $27M | held | — | 12 q |
| EXPEagle Materials, Inc. | 0.29% | 274,781 | $25M | held | — | 17 q |
| SEMGSemgroup Corp-class A | 0.27% | 877,600 | $24M | added+84% | +0.06 pp | 4 q |
| BMCHBMC Stock Holdings, Inc | 0.24% | 975,200 | $21M | added+8% | −0.01 pp | 5 q |
| PRSCModivcare Inc | 0.20% | 350,000 | $18M | trimmed−30% | −0.07 pp | 11 q |
| ORLYO'Reilly Automotive, Inc. | 0.18% | 75,000 | $16M | new | +0.18 pp | new |
| PGTIPGT, Inc. | 0.17% | 1,161,394 | $15M | held | — | 14 q |
| TREELendingTree, Inc. | 0.16% | 82,469 | $14M | held | — | 3 q |
| HWAYTivity Health Inc | 0.15% | 340,000 | $14M | new | +0.15 pp | new |
| APCAnadarko Petroleum Corp | 0.13% | 255,000 | $12M | new | +0.13 pp | new |
| THCTenet Healthcare Corporation New | 0.13% | 600,000 | $12M | added+9% | +0.01 pp | 2 q |
| unresolvedCaesars Acquisition Co | 0.12% | 560,719 | $11M | new | +0.12 pp | new |
| SEMSelect Medical Holdings Corp | 0.11% | 617,208 | $9M | added+17% | +0.02 pp | 2 q |
| STMPStamps.com, Inc. | 0.11% | 65,717 | $10M | new | +0.11 pp | new |
| unresolvedAralez Pharmaceuticals Inc | 0.10% | 6,400,000 | $9M | held | — | 6 q |
| unresolvedBonanza Creek Energy Inc | 0.10% | 292,700 | $9M | new | +0.10 pp | new |
| unresolvedPennymac Finl Svcs Inc | 0.10% | 520,000 | $9M | added+5% | 0.00 pp | 8 q |
| SYFSynchrony Financial | 0.10% | 300,000 | $9M | new | +0.10 pp | new |
| FRCBFirst Republic Bk CA | 0.09% | 80,000 | $8M | held | — | 12 q |
| TUESTuesday Morning Corp | 0.09% | 4,438,200 | $8M | added+2% | −0.11 pp | 6 q |
| WEDWebster Financial Corp | 0.09% | 160,000 | $8M | held | — | 6 q |
| METAMeta Platforms, Inc. Class A | 0.07% | 40,000 | $6M | held | — | 3 q |
| QTWOQ2 Holdings Inc | 0.07% | 165,000 | $6M | held | — | 10 q |
| GRPNGroupon, Inc. | 0.06% | 1,380,000 | $5M | new | +0.06 pp | new |
| XONPrecigen, Inc. | 0.05% | 176,410 | $4M | held | — | 2 q |
| OLLIOllie's Bargain Outlet Holdings, Inc. | 0.04% | 76,665 | $3M | trimmed−81% | −0.13 pp | 6 q |
| unresolvedBankrate Inc DEL | 0.03% | 208,794 | $3M | held | — | 2 q |
| CTRPTrip.com Group Limited | 0.02% | 40,000 | $2M | held | — | 8 q |
| unresolvedDover Motorsports, Inc. | 0.02% | 671,931 | $1M | held | — | 2 q |
| EHTHeHealth, Inc. | 0.02% | 75,000 | $1M | new | +0.02 pp | new |
| unresolvedBazaarvoice Inc | 0.01% | 90,000 | $446,000 | held | — | 2 q |
| CVNACarvana Co. | 0.01% | 51,300 | $1M | new | +0.01 pp | new |
| VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v. | 0.01% | 34,600 | $503,000 | trimmed−86% | −0.03 pp | 14 q |
| HUBSHubspot, Inc. | 0.01% | 10,000 | $658,000 | added×2.5 | +0.01 pp | 2 q |
| unresolvedPinnacle Entmt Inc New | 0.01% | 50,854 | $1M | trimmed−84% | −0.06 pp | 5 q |
| CCRNCross Ctry. Healthcare Inc. | 0.00% | 24,000 | $310,000 | new | 0.00 pp | new |
| NCINeo-Concept International Group Holdings Limited Class A | 0.00% | 12,000 | $237,000 | new | 0.00 pp | new |
| TWLOTwilio Inc. | 0.00% | 15,000 | $437,000 | new | 0.00 pp | new |
| WIXWIX.com Ltd. | 0.00% | 4,000 | $278,000 | held | — | 2 q |
| unresolvedIsle of Capri Casinos Inc. | — | −4,046,000 | — | exited | −1.30 pp | — |
| XHRXenia Hotels & Resorts, Inc. | — | −474,211 | — | exited | −0.10 pp | — |
| unresolvedPier 1 Imports, Inc. | — | −890,400 | — | exited | −0.08 pp | — |
| unresolvedStone Energy Corp | — | −288,141 | — | exited | −0.08 pp | — |
| unresolvedRoadrunner Trnsn Svcs Hldg I | — | −63,000 | — | exited | −0.01 pp | — |
| RHIRobert Half Inc. | — | −5,000 | — | exited | 0.00 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| Bazaarvoice Inc PUT | 100.00% | 30,000 | $147,000 |
Notes