PAR Capital
Picture
Moves
Options: 3 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added+2.56
- trimmed−5.68
- held
- held
- trimmed+1.27
Positions
| UALUnited Airlines Holdings, Inc. | 24.16% | 14,096,389 | $1.2B | added0% | +2.56 pp | 22 q |
| EXPEExpedia Group, Inc. | 16.62% | 7,898,413 | $854M | trimmed−17% | −5.68 pp | 27 q |
| BKNGBooking Holdings Inc. | 6.31% | 157,864 | $324M | held | — | 8 q |
| DVADaVita Inc. | 6.07% | 4,159,000 | $312M | held | — | 8 q |
| ALGTAllegiant Travel Company | 5.50% | 1,623,100 | $282M | trimmed−0% | +1.27 pp | 6 q |
| DALDelta Air Lines, Inc. | 4.55% | 4,000,000 | $234M | trimmed−53% | −3.97 pp | 27 q |
| ALKAlaska Air Group, Inc. | 3.57% | 2,710,000 | $184M | held | — | 27 q |
| JBLUJetBlue Airways Corp | 3.20% | 8,778,547 | $164M | trimmed−12% | +0.29 pp | 15 q |
| WEXWEX Inc. | 2.95% | 725,000 | $152M | held | — | 21 q |
| HTZGQHertz Global Holdings Inc | 2.77% | 9,039,094 | $142M | added+13% | +0.85 pp | 12 q |
| CHDNChurchill Downs Inc | 2.67% | 1,000,000 | $137M | trimmed−54% | −1.96 pp | 27 q |
| GRPNGroupon, Inc. | 2.62% | 56,360,500 | $135M | trimmed−1% | 0.00 pp | 11 q |
| TRIPTripAdvisor, Inc. | 2.00% | 3,379,017 | $103M | added+47% | +0.45 pp | 27 q |
| AALAmerican Airlines Group Inc. | 1.99% | 3,560,134 | $102M | new | +1.99 pp | new |
| SYFSynchrony Financial | 1.96% | 2,795,000 | $101M | held | — | 11 q |
| VVISA Inc. | 1.65% | 450,000 | $85M | held | — | 22 q |
| METAMeta Platforms, Inc. Class A | 1.43% | 357,300 | $73M | trimmed−0% | +0.32 pp | 13 q |
| unresolvedTrivago NV | 1.07% | 21,029,796 | $55M | held | — | 13 q |
| BYDBoyd Gaming Corporation | 0.96% | 1,648,293 | $49M | trimmed−32% | −0.05 pp | 27 q |
| TRUETrueCar, Inc. | 0.95% | 10,299,504 | $49M | held | — | 21 q |
| unresolvedTwin River Worldwide Holding | 0.95% | 1,905,580 | $49M | added+18% | +0.31 pp | 4 q |
| PFSIPennyMac Financial Services, Inc. | 0.63% | 944,900 | $32M | trimmed−1% | +0.13 pp | 5 q |
| CVNACarvana Co. | 0.62% | 345,000 | $32M | held | — | 11 q |
| PCYOPure Cycle Corporation | 0.62% | 2,532,970 | $32M | trimmed−58% | −0.45 pp | 27 q |
| SKYWSkywest Inc | 0.58% | 458,884 | $30M | held | — | 4 q |
| RRRRed Rock Resorts, Inc. Class A | 0.54% | 1,151,770 | $28M | trimmed−35% | −0.09 pp | 14 q |
| SAVEQSpirit Airlines, Inc. | 0.40% | 510,200 | $21M | new | +0.40 pp | new |
| BRSLBrightstar Lottery PLC | 0.40% | 1,361,347 | $20M | trimmed−36% | −0.13 pp | 19 q |
| QNSTQuinStreet, Inc. | 0.35% | 1,176,100 | $18M | trimmed−33% | −0.04 pp | 7 q |
| VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v. | 0.30% | 1,465,886 | $15M | held | — | 9 q |
| PENNPENN Entertainment, Inc. | 0.29% | 591,300 | $15M | added×3.7 | +0.24 pp | 3 q |
| unresolvedBonanza Creek Energy Inc | 0.27% | 601,714 | $14M | held | — | 11 q |
| SEMSelect Medical Holdings Corp | 0.26% | 567,708 | $13M | held | — | 12 q |
| TREELendingTree, Inc. | 0.16% | 26,400 | $8M | held | — | 9 q |
| CARAvis Budget Group, Inc. | 0.14% | 225,000 | $7M | held | — | 19 q |
| GSKYGreenSky, Inc. Class A | 0.12% | 700,000 | $6M | trimmed−14% | +0.02 pp | 4 q |
| EVEREverQuote, Inc. Class A | 0.08% | 125,000 | $4M | held | — | 5 q |
| CHGGChegg, Inc. | 0.07% | 100,000 | $4M | added×2.0 | +0.04 pp | 2 q |
| HOUSAnywhere Real Estate Inc. | 0.07% | 350,000 | $3M | held | — | 3 q |
| AMAntero Midstream Corporation | 0.05% | 350,000 | $3M | new | +0.05 pp | new |
| DESPDespegar.com Corp | 0.05% | 183,526 | $2M | held | — | 7 q |
| MMYTMakeMyTrip Limited | 0.05% | 101,200 | $2M | held | — | 9 q |
| unresolvedDover Motorsports, Inc. | 0.02% | 590,000 | $1M | held | — | 12 q |
| EHTHeHealth, Inc. | — | −531,142 | — | exited | −0.62 pp | — |
| unresolvedGrubhub Inc | — | −350,000 | — | exited | −0.34 pp | — |
| WEDWebster Financial Corp | — | −210,100 | — | exited | −0.17 pp | — |
| TSGIStars Group INC/THE | — | −454,100 | — | exited | −0.12 pp | — |
| CORCencora, Inc. | — | −75,000 | — | exited | −0.11 pp | — |
| ELVElevance Health, Inc. | — | −20,000 | — | exited | −0.08 pp | — |
| MGMMgm Resorts International | — | −70,000 | — | exited | −0.03 pp | — |
| ZIXIZix Corporation | — | −71,900 | — | exited | −0.01 pp | — |
| FLEXFlex Ltd. | — | −9,910 | — | exited | 0.00 pp | — |
