PAR Capital
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| UALUnited Airlines Holdings, Inc. | 15.99% | 15,624,152 | $1.4B | added0% | +3.76 pp | 17 q |
| EXPEExpedia Group, Inc. | 11.94% | 7,964,254 | $1.0B | trimmed−1% | +1.09 pp | 22 q |
| DALDelta Air Lines, Inc. | 8.82% | 13,265,809 | $767M | trimmed−1% | +1.36 pp | 22 q |
| MCKMcKesson Corporation | 5.03% | 3,300,000 | $438M | trimmed−21% | −1.24 pp | 11 q |
| LUVSouthwest Airlines Co. | 3.49% | 4,867,800 | $304M | held | — | 20 q |
| BKNGBooking Holdings Inc. | 3.16% | 138,505 | $275M | held | — | 3 q |
| BYDBoyd Gaming Corporation | 2.50% | 6,427,071 | $218M | added+4% | +0.08 pp | 22 q |
| ALGTAllegiant Travel Company | 2.31% | 1,583,000 | $201M | new | +2.31 pp | new |
| CHDNChurchill Downs Inc | 2.21% | 693,966 | $193M | trimmed−17% | −0.59 pp | 22 q |
| ERICaesars Entertainment, Inc. | 2.19% | 3,926,940 | $191M | trimmed−28% | −0.20 pp | 17 q |
| CTRPTrip.com Group Limited | 2.16% | 5,056,200 | $188M | added×126.4 | +2.14 pp | 13 q |
| GLPIGaming and Leisure Properties, Inc. | 2.01% | 4,951,040 | $175M | trimmed−19% | −0.45 pp | 20 q |
| ALKAlaska Air Group, Inc. | 1.98% | 2,500,000 | $172M | held | — | 22 q |
| WLLWhiting Petroleum Corp | 1.96% | 3,218,750 | $171M | held | — | 4 q |
| CZRCaesars Entertainment, Inc. | 1.84% | 15,614,986 | $160M | added+15% | +0.20 pp | 4 q |
| BRSLBrightstar Lottery PLC | 1.83% | 8,075,694 | $159M | added+16% | +0.01 pp | 14 q |
| WEXWEX Inc. | 1.58% | 685,000 | $138M | held | — | 16 q |
| DVADaVita Inc. | 1.49% | 1,812,700 | $130M | added+20% | +0.31 pp | 3 q |
| TRUETrueCar, Inc. | 1.45% | 8,968,152 | $126M | held | — | 16 q |
| OCOwens Corning | 1.41% | 2,263,230 | $123M | added+6% | −0.12 pp | 22 q |
| TRIPTripAdvisor, Inc. | 1.40% | 2,387,893 | $122M | trimmed−15% | −0.36 pp | 22 q |
| CONNQConn's Inc | 1.25% | 3,077,166 | $109M | added+1% | +0.12 pp | 7 q |
| SGISomnigroup International Inc. | 1.24% | 2,048,000 | $108M | held | — | 7 q |
| STMPStamps.com, Inc. | 1.20% | 461,817 | $104M | added+12% | +0.03 pp | 6 q |
| DYDycom Industries, Inc. | 1.15% | 1,183,200 | $100M | added+9% | 0.00 pp | 9 q |
| HRIHerc Holdings Inc. | 1.12% | 1,907,400 | $98M | added+19% | +0.10 pp | 9 q |
| HTZGQHertz Global Holdings Inc | 1.10% | 5,888,576 | $96M | held | — | 7 q |
| WMBWilliams Companies Inc. | 1.07% | 3,432,100 | $93M | trimmed−6% | −0.05 pp | 10 q |
| WMSAdvanced Drainage Systems, Inc. | 0.97% | 2,737,000 | $85M | held | — | 16 q |
| unresolvedGlobal Eagle Entmt Inc | 0.94% | 28,981,072 | $82M | held | — | 22 q |
| unresolvedTrivago NV | 0.93% | 13,105,000 | $81M | added×2.1 | +0.62 pp | 8 q |
| METAMeta Platforms, Inc. Class A | 0.87% | 457,800 | $75M | trimmed−34% | −0.66 pp | 8 q |
| PCYOPure Cycle Corporation | 0.79% | 5,982,970 | $69M | held | — | 22 q |
| VVISA Inc. | 0.78% | 450,000 | $68M | held | — | 17 q |
| JBLUJetBlue Airways Corp | 0.71% | 3,193,290 | $62M | held | — | 10 q |
| PENNPENN Entertainment, Inc. | 0.70% | 1,859,904 | $61M | held | — | 22 q |
| CSGPCoStar Group Inc | 0.56% | 115,000 | $48M | held | — | 17 q |
| DOORMasonite International Corp | 0.55% | 748,926 | $48M | held | — | 17 q |
| HOMEAt Home Group Inc. | 0.52% | 1,428,500 | $45M | added+54% | +0.11 pp | 4 q |
| RRRRed Rock Resorts, Inc. Class A | 0.50% | 1,629,000 | $43M | trimmed−15% | −0.22 pp | 9 q |
| TSGIStars Group INC/THE | 0.46% | 1,604,843 | $40M | added+62% | +0.06 pp | 4 q |
| ORLYO'Reilly Automotive, Inc. | 0.40% | 100,000 | $35M | held | — | 6 q |
| SYFSynchrony Financial | 0.40% | 1,110,000 | $34M | added+6% | +0.01 pp | 6 q |
| MGMMgm Resorts International | 0.39% | 1,230,000 | $34M | held | — | 14 q |
| AAPAdvance Auto Parts Inc | 0.35% | 180,000 | $30M | held | — | 5 q |
| GRPNGroupon, Inc. | 0.30% | 6,950,000 | $26M | added+43% | +0.06 pp | 6 q |
| unresolvedBonanza Creek Energy Inc | 0.28% | 813,000 | $24M | added+8% | −0.04 pp | 6 q |
| YELPYelp Inc. | 0.28% | 500,000 | $25M | new | +0.28 pp | new |
| EXPEagle Materials, Inc. | 0.27% | 274,781 | $23M | held | — | 22 q |
| WYNNWynn Resorts Ltd | 0.27% | 185,000 | $24M | added+85% | +0.08 pp | 3 q |
| CVNACarvana Co. | 0.24% | 346,163 | $20M | trimmed−6% | +0.07 pp | 6 q |
| EHTHeHealth, Inc. | 0.23% | 711,517 | $20M | trimmed−13% | +0.03 pp | 6 q |
| ANGIAngi Inc. Class A | 0.22% | 802,040 | $19M | held | — | 3 q |
| ELVElevance Health, Inc. | 0.22% | 70,000 | $19M | new | +0.22 pp | new |
| SEMGSemgroup Corp-class A | 0.19% | 762,779 | $17M | held | — | 9 q |
| HWAYTivity Health Inc | 0.18% | 477,042 | $15M | trimmed−50% | −0.20 pp | 6 q |
| unresolvedCigna Corporation | 0.17% | 70,000 | $15M | new | +0.17 pp | new |
| unresolvedPennymac Finl Svcs Inc | 0.17% | 700,000 | $15M | added+3% | +0.02 pp | 13 q |
| TUESTuesday Morning Corp | 0.17% | 4,568,600 | $15M | held | — | 11 q |
| WEDWebster Financial Corp | 0.14% | 210,100 | $12M | held | — | 11 q |
| SEMSelect Medical Holdings Corp | 0.13% | 617,408 | $11M | held | — | 7 q |
| STAYExtended Stay America, Inc. Paired Share | 0.11% | 475,000 | $10M | new | +0.11 pp | new |
| CARAvis Budget Group, Inc. | 0.08% | 204,000 | $7M | added+24% | +0.02 pp | 14 q |
| BMCHBMC Stock Holdings, Inc | 0.07% | 344,000 | $6M | trimmed−56% | −0.11 pp | 10 q |
| TREELendingTree, Inc. | 0.07% | 26,400 | $6M | held | — | 4 q |
| MLCOMelco Resorts & Entertainment Limited | 0.07% | 275,000 | $6M | added+83% | +0.02 pp | 3 q |
| VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v. | 0.06% | 729,600 | $5M | added+4% | +0.02 pp | 4 q |
| DKSDick's Sporting Goods, Inc. | 0.06% | 150,000 | $5M | held | — | 5 q |
| GWRGenesee & Wyoming Inc. | 0.06% | 60,000 | $5M | held | — | 3 q |
| SW5Southwestern Energy Co | 0.06% | 1,100,000 | $6M | trimmed−54% | −0.08 pp | 4 q |
| CORCencora, Inc. | 0.05% | 50,000 | $5M | held | — | 4 q |
| DESPDespegar.com Corp | 0.04% | 183,526 | $3M | held | — | 2 q |
| unresolvedDover Downs Gaming & Entmt I | 0.03% | 915,000 | $3M | new | +0.03 pp | new |
| QNSTQuinStreet, Inc. | 0.03% | 180,000 | $2M | held | — | 2 q |
| MMYTMakeMyTrip Limited | 0.03% | 101,200 | $3M | held | — | 4 q |
| unresolvedDover Motorsports, Inc. | 0.02% | 671,931 | $1M | held | — | 7 q |
| unresolvedGrubhub Inc | — | −2,831,400 | — | exited | −3.35 pp | — |
| ZZillow Group, Inc. Class C | — | −3,882,041 | — | exited | −2.58 pp | — |
| CHGGChegg, Inc. | — | −4,621,948 | — | exited | −1.45 pp | — |
| ZGZillow Group Inc Class A | — | −1,693,600 | — | exited | −1.14 pp | — |
| unresolvedEnvision Healthcare Corp | — | −1,850,000 | — | exited | −0.92 pp | — |
| SERVTerminix Global Holdings Inc | — | −1,072,500 | — | exited | −0.72 pp | — |
| AALAmerican Airlines Group Inc. | — | −1,318,851 | — | exited | −0.56 pp | — |
| APCAnadarko Petroleum Corp | — | −500,000 | — | exited | −0.41 pp | — |
| CSXCSX Corporation | — | −388,000 | — | exited | −0.28 pp | — |
| PAGPPlains GP Holdings, L.P. Class A Units representing Limited Partner Interests | — | −350,000 | — | exited | −0.09 pp | — |
| unresolvedAralez Pharmaceuticals Inc | — | −481,400 | — | exited | 0.00 pp | — |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Caesars Holdings Inc | 100.00% | 5,933,044 | $10M |