| BBKNGBooking Holdings Inc. | 10.51% | 162,100 | $277M | trimmed−49% | −8.97 pp | 11 q |
| UUALUnited Airlines Holdings, Inc. | 10.06% | 7,638,291 | $265M | added+1% | −0.06 pp | 25 q |
| EEXPEExpedia Group, Inc. | 8.77% | 2,523,617 | $231M | added+4% | +1.07 pp | 30 q |
| SSYFSynchrony Financial | 6.52% | 6,575,000 | $172M | added+1% | +0.95 pp | 14 q |
| CCHDNChurchill Downs Inc | 6.36% | 1,023,720 | $168M | trimmed−2% | +0.96 pp | 30 q |
| TTRIPTripAdvisor, Inc. | 6.25% | 8,415,258 | $165M | added×3.2 | +4.33 pp | 30 q |
| AALGTAllegiant Travel Company | 5.70% | 1,255,535 | $150M | trimmed−1% | +0.34 pp | 9 q |
| WWEXWEX Inc. | 4.57% | 868,000 | $121M | added+9% | −0.53 pp | 24 q |
| DDALDelta Air Lines, Inc. | 4.09% | 3,526,450 | $108M | added0% | +0.28 pp | 30 q |
| DDVADaVita Inc. | 3.95% | 1,216,385 | $104M | trimmed−42% | −2.45 pp | 11 q |
| SSABRSabre Corporation | 3.65% | 14,776,044 | $96M | added×3.2 | +2.20 pp | 2 q |
| LLUVSouthwest Airlines Co. | 3.65% | 2,563,800 | $96M | added+1% | +0.28 pp | 3 q |
V VVISA Inc. | 3.41% | 450,000 | $90M | held | — | 25 q |
| AALKAlaska Air Group, Inc. | 2.86% | 2,060,625 | $75M | added×2.1 | +1.46 pp | 30 q |
| TunresolvedTwin River Worldwide Holding | 2.74% | 2,752,184 | $72M | added0% | +0.37 pp | 7 q |
| BBYDBoyd Gaming Corporation | 1.98% | 1,704,537 | $52M | trimmed−27% | +0.11 pp | 30 q |
| TTRUETrueCar, Inc. | 1.95% | 10,299,504 | $51M | held | — | 24 q |
| PPFSIPennyMac Financial Services, Inc. | 1.68% | 761,600 | $44M | trimmed−19% | +0.15 pp | 8 q |
| TunresolvedTrivago NV | 1.25% | 21,229,796 | $33M | added+1% | −0.35 pp | 16 q |
| SSCHWThe Charles Schwab Corporation | 1.24% | 900,000 | $33M | added+16% | +0.23 pp | 3 q |
| RRRRRed Rock Resorts, Inc. Class A | 1.08% | 1,669,619 | $29M | added+3% | +0.39 pp | 17 q |
| AAALAmerican Airlines Group Inc. | 0.94% | 2,019,000 | $25M | trimmed−25% | −0.42 pp | 4 q |
| JJBLUJetBlue Airways Corp | 0.86% | 2,000,000 | $23M | held | — | 18 q |
| GGRPNGroupon, Inc. | 0.73% | 940,775 | $19M | held | — | 14 q |
| CCVNACarvana Co. | 0.68% | 80,000 | $18M | trimmed−78% | −1.03 pp | 14 q |
| SSAVEQSpirit Airlines, Inc. | 0.61% | 1,000,000 | $16M | held | — | 4 q |
| PPENNPENN Entertainment, Inc. | 0.55% | 201,300 | $15M | trimmed−71% | −0.28 pp | 6 q |
| CCARAvis Budget Group, Inc. | 0.52% | 521,850 | $14M | new | +0.52 pp | new |
| VVLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v. | 0.47% | 1,735,000 | $13M | added+47% | +0.23 pp | 12 q |
| TTREELendingTree, Inc. | 0.35% | 30,000 | $9M | trimmed−14% | −0.04 pp | 12 q |
| CCHGGChegg, Inc. | 0.34% | 125,000 | $9M | held | — | 5 q |
| GGLPIGaming and Leisure Properties, Inc. | 0.34% | 243,869 | $9M | trimmed−37% | −0.18 pp | 3 q |
| PPCYOPure Cycle Corporation | 0.34% | 1,000,000 | $9M | trimmed−18% | −0.09 pp | 30 q |
| CCARGCarGurus, Inc. Class A | 0.33% | 400,000 | $9M | held | — | 2 q |
| EEVEREverQuote, Inc. Class A | 0.18% | 125,000 | $5M | held | — | 8 q |
| SSKYWSkywest Inc | 0.16% | 143,984 | $4M | held | — | 7 q |
| AANGIAngi Inc. Class A | 0.08% | 200,000 | $2M | held | — | 2 q |
| MMMYTMakeMyTrip Limited | 0.08% | 131,288 | $2M | held | — | 12 q |
| MMGPMGM Growth Properties LLC Class A representing limited liability company interests | 0.05% | 43,300 | $1M | trimmed−32% | −0.02 pp | 2 q |
| DDESPDespegar.com Corp | 0.04% | 183,526 | $1M | held | — | 10 q |
| TTCOMTrip.com Group Limited | 0.02% | 20,000 | $623,000 | held | — | 3 q |
| ZZIXIZix Corporation | 0.02% | 71,900 | $420,000 | held | — | 3 q |
| FFLEXFlex Ltd. | 0.00% | 9,910 | $110,000 | held | — | 2 q |
| RRDFNRedfin Corporation | — | −127,800 | — | exited | −0.21 pp | — |
| DunresolvedDover Motorsports, Inc. | — | −590,000 | — | exited | −0.04 pp | — |
| PPAGPPlains GP Holdings, L.P. Class A Units representing Limited Partner Interests | — | −120,000 | — | exited | −0.04 pp | — |
