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
- trimmed−2.72
- added+2.22
- trimmed+1.57
- held
- trimmed−1.09
Positions
| EXPEExpedia Group, Inc. | 11.03% | 3,500,000 | $307M | trimmed−12% | −2.72 pp | 39 q |
| WEXWEX Inc. | 10.93% | 1,856,200 | $304M | added0% | +2.22 pp | 33 q |
| BKNGBooking Holdings Inc. | 10.10% | 139,325 | $281M | trimmed−0% | +1.57 pp | 20 q |
| SYFSynchrony Financial | 9.64% | 8,150,000 | $268M | held | — | 23 q |
| UBERUber Technologies, Inc. | 8.74% | 9,825,200 | $243M | trimmed−2% | −1.09 pp | 7 q |
| QUALiShares MSCI USA Quality Factor ETF | 6.71% | 1,637,000 | $187M | trimmed−6% | +0.03 pp | 2 q |
| DALDelta Air Lines, Inc. | 6.07% | 5,134,729 | $169M | added+71% | +2.95 pp | 39 q |
| TRIPTripAdvisor, Inc. | 5.50% | 8,500,000 | $153M | trimmed−6% | −1.88 pp | 39 q |
| SCHWThe Charles Schwab Corporation | 3.47% | 1,159,500 | $97M | added0% | +0.39 pp | 12 q |
| CARGCarGurus, Inc. Class A | 3.40% | 6,744,650 | $94M | added+7% | +0.09 pp | 11 q |
| UALUnited Airlines Holdings, Inc. | 3.12% | 2,300,000 | $87M | trimmed−40% | −1.51 pp | 34 q |
| CARAvis Budget Group, Inc. | 2.50% | 424,400 | $70M | new | +2.50 pp | new |
| LUVSouthwest Airlines Co. | 2.42% | 2,000,000 | $67M | held | — | 12 q |
| ALKAlaska Air Group, Inc. | 2.32% | 1,500,000 | $64M | held | — | 39 q |
| AXPAmerican Express Company | 1.86% | 350,000 | $52M | held | — | 9 q |
| AALAmerican Airlines Group Inc. | 1.34% | 2,935,421 | $37M | held | — | 13 q |
| ULCCFrontier Group Holdings, Inc. | 1.23% | 3,328,799 | $34M | added+53% | +0.45 pp | 4 q |
| SNCYSun Country Airlines Holdings, Inc. | 1.08% | 1,900,000 | $30M | trimmed−3% | +0.09 pp | 8 q |
| unresolvedTrivago NV | 1.07% | 22,085,827 | $30M | held | — | 25 q |
| ABNBAirbnb, Inc. Class A | 0.92% | 300,000 | $26M | added0% | −0.25 pp | 2 q |
| AVDXAvidXchange Holdings, Inc. | 0.89% | 2,500,000 | $25M | added+25% | +0.27 pp | 4 q |
| PYPLPayPal Holdings, Inc. | 0.85% | 331,000 | $24M | added+13% | −0.09 pp | 4 q |
| ALGTAllegiant Travel Company | 0.80% | 325,000 | $22M | trimmed−10% | −0.18 pp | 18 q |
| WEDWebster Financial Corp | 0.78% | 458,000 | $22M | trimmed−24% | −0.23 pp | 4 q |
| FLTCorpay, Inc. | 0.66% | 100,000 | $18M | held | — | 3 q |
| VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v. | 0.48% | 1,600,000 | $13M | held | — | 21 q |
| JBLUJetBlue Airways Corp | 0.47% | 2,000,000 | $13M | held | — | 27 q |
| GDOTGreen Dot Corporation | 0.40% | 700,000 | $11M | trimmed−18% | −0.20 pp | 8 q |
| HHyatt Hotels Corporation | 0.32% | 98,134 | $9M | added+2% | +0.03 pp | 4 q |
| BACBank of America Corporation | 0.24% | 200,000 | $7M | held | — | 3 q |
| QQQInvesco QQQ Trust, Series 1 | 0.16% | 16,600 | $4M | held | — | 2 q |
| SABRSabre Corporation | 0.15% | 665,000 | $4M | trimmed−34% | −0.04 pp | 2 q |
| unresolvedVacasa Inc | 0.13% | 2,800,000 | $4M | held | — | 5 q |
| SOFISoFi Technologies, Inc. | 0.12% | 750,000 | $3M | trimmed−7% | −0.03 pp | 3 q |
| ETSYEtsy, Inc. | 0.03% | 6,750 | $808,515 | trimmed−52% | −0.02 pp | 3 q |
| WFCWells Fargo & Co. | 0.03% | 21,000 | $867,090 | added+81% | +0.01 pp | 2 q |
| JPMJPMorgan Chase & Co. | 0.01% | 1,500 | $201,150 | new | +0.01 pp | new |
| SKYWSkywest Inc | 0.01% | 10,000 | $165,100 | held | — | 2 q |
| WIXWIX.com Ltd. | 0.01% | 5,000 | $384,150 | new | +0.01 pp | new |
| METAMeta Platforms, Inc. Class A | — | −507,000 | — | exited | −2.55 pp | — |
| MAMastercard Incorporated | — | −70,000 | — | exited | −0.74 pp | — |
| TRUETrueCar, Inc. | — | −5,370,000 | — | exited | −0.30 pp | — |
| ARKFARK Blockchain & Fintech Innovation ETF | — | −350,000 | — | exited | −0.20 pp | — |
| APLEApple Hospitality REIT, Inc. | — | −218,087 | — | exited | −0.11 pp | — |
| SPOTSpotify Technology S.A. | — | −6,500 | — | exited | −0.02 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| ALGT CALL | 100.00% | 10,000 | $679,900 |
Notes