PAR Capital
Picture
Moves
Options: 2 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added+1.70
- held
- added+0.09
- trimmed−3.41
- added−0.41
Positions
| BKNGBooking Holdings Inc. | 15.37% | 123,200 | $488M | added+2% | +1.70 pp | 26 q |
| SYFSynchrony Financial | 12.48% | 8,400,000 | $396M | held | — | 29 q |
| EXPEExpedia Group, Inc. | 12.23% | 3,083,645 | $389M | added+9% | +0.09 pp | 45 q |
| WEXWEX Inc. | 10.26% | 1,840,000 | $326M | trimmed−1% | −3.41 pp | 39 q |
| UBERUber Technologies, Inc. | 9.93% | 4,337,800 | $315M | added0% | −0.41 pp | 13 q |
| UALUnited Airlines Holdings, Inc. | 6.99% | 4,559,050 | $222M | held | — | 40 q |
| DALDelta Air Lines, Inc. | 6.65% | 4,455,000 | $211M | held | — | 45 q |
| CARAvis Budget Group, Inc. | 2.80% | 850,000 | $89M | added+7% | −0.24 pp | 7 q |
| SCHWThe Charles Schwab Corporation | 2.78% | 1,200,000 | $88M | held | — | 18 q |
| CVNACarvana Co. | 2.05% | 506,000 | $65M | held | — | 5 q |
| CARGCarGurus, Inc. Class A | 1.85% | 2,246,727 | $59M | added+51% | +0.78 pp | 2 q |
| ABNBAirbnb, Inc. Class A | 1.43% | 300,000 | $45M | held | — | 8 q |
| LUVSouthwest Airlines Co. | 1.39% | 1,542,618 | $44M | trimmed−2% | −0.04 pp | 18 q |
| ALKAlaska Air Group, Inc. | 1.23% | 964,953 | $39M | trimmed−1% | −0.07 pp | 45 q |
| TSLATesla, Inc. | 1.20% | 192,300 | $38M | added×8.5 | +1.08 pp | 2 q |
| HANHawaiian Holdings Inc | 1.16% | 2,974,630 | $37M | added+7% | 0.00 pp | 3 q |
| XYZBlock, Inc. | 1.02% | 500,000 | $32M | held | — | 5 q |
| AVDXAvidXchange Holdings, Inc. | 0.99% | 2,600,000 | $31M | added+2% | −0.05 pp | 10 q |
| SNCYSun Country Airlines Holdings, Inc. | 0.99% | 2,505,506 | $31M | held | — | 14 q |
| WEDWebster Financial Corp | 0.82% | 600,000 | $26M | added+50% | +0.19 pp | 10 q |
| ALGTAllegiant Travel Company | 0.80% | 503,306 | $25M | added+67% | +0.09 pp | 24 q |
| CMAComerica Incorporated | 0.80% | 500,000 | $26M | held | — | 6 q |
| AALAmerican Airlines Group Inc. | 0.71% | 2,000,000 | $23M | trimmed−21% | −0.49 pp | 19 q |
| SKYWSkywest Inc | 0.62% | 239,941 | $20M | trimmed−2% | +0.09 pp | 8 q |
| VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v. | 0.59% | 2,964,401 | $19M | trimmed−1% | −0.10 pp | 27 q |
| JBLUJetBlue Airways Corp | 0.58% | 2,999,500 | $18M | held | — | 33 q |
| SABRSabre Corporation | 0.42% | 5,000,000 | $13M | held | — | 8 q |
| ULCCFrontier Group Holdings, Inc. | 0.27% | 1,756,100 | $9M | held | — | 10 q |
| HHyatt Hotels Corporation | 0.27% | 56,961 | $9M | held | — | 10 q |
| ETSYEtsy, Inc. | 0.26% | 138,250 | $8M | held | — | 9 q |
| GOOGAlphabet Inc. Class C | 0.22% | 38,700 | $7M | added+6% | +0.05 pp | 2 q |
| GBTGGlobal Business Travel Group, Inc. | 0.16% | 746,730 | $5M | held | — | 4 q |
| TRVGtrivago N.V. | 0.14% | 2,284,894 | $5M | added+58% | +0.02 pp | 2 q |
| HTZHertz Global Holdings, Inc | 0.11% | 1,000,571 | $4M | held | — | 6 q |
| CARTMaplebear Inc. | 0.08% | 75,000 | $2M | held | — | 2 q |
| WHWyndham Hotels & Resorts, Inc. | 0.06% | 27,000 | $2M | held | — | 5 q |
| TRIPTripAdvisor, Inc. | 0.05% | 85,000 | $2M | trimmed−82% | −0.36 pp | 45 q |
| VCSAVacasa, Inc. Class A | 0.05% | 318,405 | $2M | trimmed−39% | −0.06 pp | 2 q |
| TCOMTrip.com Group Limited | 0.03% | 20,000 | $940,000 | held | — | 5 q |
| CCitigroup Inc. | 0.02% | 12,000 | $761,520 | new | +0.02 pp | new |
| METAMeta Platforms, Inc. Class A | 0.02% | 1,000 | $504,220 | new | +0.02 pp | new |
| LYFTLyft, Inc. Class A | 0.02% | 55,000 | $775,500 | added+36% | 0.00 pp | 2 q |
| WFCWells Fargo & Co. | 0.02% | 10,000 | $593,900 | held | — | 2 q |
| CCLCarnival Corporation Ltd. | 0.01% | 12,000 | $224,640 | held | — | 2 q |
| DASHDoorDash, Inc. Class A | 0.01% | 4,000 | $435,120 | held | — | 3 q |
| SAVEQSpirit Airlines, Inc. | 0.01% | 100,000 | $366,000 | held | — | 5 q |
| UPWKUpwork Inc. | 0.01% | 30,000 | $322,500 | new | +0.01 pp | new |
| VVISA Inc. | 0.01% | 1,800 | $472,446 | new | +0.01 pp | new |
| EBEventbrite, Inc. Class A | 0.00% | 31,000 | $150,040 | held | — | 6 q |
| FSLYFastly, Inc. Class A | 0.00% | 19,000 | $140,030 | new | 0.00 pp | new |
| 8DTSquarespace Inc - Class A | — | −22,500 | — | exited | −0.03 pp | — |
| CFGCitizens Financial Group, Inc. | — | −20,000 | — | exited | −0.02 pp | — |
