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+0.45
- trimmed−0.82
- trimmed−0.93
- trimmed+0.53
- added+1.04
Positions
| EXPEExpedia Group, Inc. | 12.95% | 3,400,000 | $372M | trimmed−3% | +0.45 pp | 41 q |
| WEXWEX Inc. | 11.75% | 1,854,000 | $338M | trimmed−0% | −0.82 pp | 35 q |
| BKNGBooking Holdings Inc. | 11.28% | 120,000 | $324M | trimmed−4% | −0.93 pp | 22 q |
| UBERUber Technologies, Inc. | 10.52% | 7,000,000 | $302M | trimmed−18% | +0.53 pp | 9 q |
| SYFSynchrony Financial | 9.92% | 8,400,000 | $285M | added+1% | +1.04 pp | 25 q |
| DALDelta Air Lines, Inc. | 7.48% | 4,520,800 | $215M | trimmed−8% | +1.18 pp | 41 q |
| CARAvis Budget Group, Inc. | 4.05% | 508,114 | $116M | added+8% | +0.66 pp | 3 q |
| UALUnited Airlines Holdings, Inc. | 3.96% | 2,073,400 | $114M | trimmed−6% | +0.38 pp | 36 q |
| TRIPTripAdvisor, Inc. | 3.10% | 5,400,000 | $89M | trimmed−5% | −1.07 pp | 41 q |
| LUVSouthwest Airlines Co. | 2.52% | 2,000,000 | $72M | trimmed−22% | −0.55 pp | 14 q |
| ALKAlaska Air Group, Inc. | 2.22% | 1,200,000 | $64M | held | — | 41 q |
| SCHWThe Charles Schwab Corporation | 2.22% | 1,125,000 | $64M | trimmed−40% | −1.37 pp | 14 q |
| AXPAmerican Express Company | 2.12% | 350,000 | $61M | held | — | 11 q |
| AALAmerican Airlines Group Inc. | 1.75% | 2,800,000 | $50M | held | — | 15 q |
| CARGCarGurus, Inc. Class A | 1.49% | 1,892,800 | $43M | trimmed−50% | −1.12 pp | 13 q |
| ABNBAirbnb, Inc. Class A | 1.34% | 300,000 | $38M | held | — | 4 q |
| SNCYSun Country Airlines Holdings, Inc. | 1.17% | 1,500,000 | $34M | held | — | 10 q |
| ULCCFrontier Group Holdings, Inc. | 1.12% | 3,322,200 | $32M | trimmed−0% | −0.08 pp | 6 q |
| ALGTAllegiant Travel Company | 1.10% | 250,000 | $32M | trimmed−17% | +0.08 pp | 20 q |
| unresolvedTrivago NV | 1.02% | 22,085,827 | $29M | held | — | 27 q |
| AVDXAvidXchange Holdings, Inc. | 0.90% | 2,500,000 | $26M | held | — | 6 q |
| CMAComerica Incorporated | 0.74% | 500,000 | $21M | added×2.5 | +0.42 pp | 2 q |
| JBLUJetBlue Airways Corp | 0.62% | 2,000,000 | $18M | held | — | 29 q |
| GDOTGreen Dot Corporation | 0.59% | 900,000 | $17M | held | — | 10 q |
| XYZBlock, Inc. | 0.58% | 250,000 | $17M | new | +0.58 pp | new |
| SABRSabre Corporation | 0.57% | 5,154,000 | $16M | trimmed−4% | −0.28 pp | 4 q |
| WEDWebster Financial Corp | 0.49% | 375,000 | $14M | held | — | 6 q |
| HHyatt Hotels Corporation | 0.46% | 115,134 | $13M | added+15% | +0.05 pp | 6 q |
| ETSYEtsy, Inc. | 0.41% | 138,250 | $12M | added×20.5 | +0.38 pp | 5 q |
| SKYWSkywest Inc | 0.34% | 238,441 | $10M | added×8.8 | +0.32 pp | 4 q |
| CVNACarvana Co. | 0.25% | 282,000 | $7M | new | +0.25 pp | new |
| SOFISoFi Technologies, Inc. | 0.22% | 750,000 | $6M | held | — | 5 q |
| HTZHertz Global Holdings, Inc | 0.13% | 200,000 | $4M | added+18% | +0.03 pp | 2 q |
| GOOGLAlphabet Inc. Class A | 0.12% | 29,000 | $4M | added+32% | +0.04 pp | 2 q |
| METAMeta Platforms, Inc. Class A | 0.09% | 8,800 | $3M | added+6% | +0.03 pp | 2 q |
| unresolvedVacasa Inc | 0.07% | 2,800,000 | $2M | held | — | 7 q |
| SAVEQSpirit Airlines, Inc. | 0.06% | 104,500 | $2M | new | +0.06 pp | new |
| WHWyndham Hotels & Resorts, Inc. | 0.06% | 27,000 | $2M | new | +0.06 pp | new |
| EBEventbrite, Inc. Class A | 0.05% | 147,000 | $1M | added×4.8 | +0.04 pp | 2 q |
| VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v. | 0.04% | 82,000 | $1M | trimmed−2% | 0.00 pp | 23 q |
| DASHDoorDash, Inc. Class A | 0.03% | 12,000 | $917,040 | new | +0.03 pp | new |
| ZZillow Group, Inc. Class C | 0.03% | 18,000 | $904,680 | added+20% | +0.01 pp | 2 q |
| MARMarriott International Class A | 0.02% | 2,800 | $514,332 | new | +0.02 pp | new |
| TCOMTrip.com Group Limited | 0.02% | 20,000 | $700,000 | new | +0.02 pp | new |
| KMXCarMax Inc. | 0.01% | 5,000 | $418,500 | new | +0.01 pp | new |
| FRCBFirst Republic Bk CA | — | −1,550,000 | — | exited | −0.80 pp | — |
| BACBank of America Corporation | — | −250,000 | — | exited | −0.26 pp | — |
| PYPLPayPal Holdings, Inc. | — | −6,000 | — | exited | −0.02 pp | — |
| JPMJPMorgan Chase & Co. | — | −3,000 | — | exited | −0.01 pp | — |
| SHOPShopify Inc. Class A subordinate voting shares | — | −6,500 | — | exited | −0.01 pp | — |
