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CIK: 0001051359
Total reported value
$4.0B
$4.0B
48 檔
57.3%
The Q4 2025 SEC filing reveals that Par Capital Management Inc held a total portfolio value of $4.0B, covering 48 public equity positions.
In Q4 2025, Par Capital Management Inc adopted a defensive or profit-taking posture, trimming 14 positions and completely liquidating 14 holdings to manage risk exposure.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SYF | Synchrony Financial | Stock-Financials | 16.54% | -0.65% | — | |
| 2 | EXPE | Expedia Group Inc | Stock-Consumer Disc | 14.59% | -1.03% | -11.43% | |
| 3 | UAL | United Airlines Holdings Inc | Stock-Industrials | 14.47% | +4.74% | -4.36% | |
| 4 | WEX | Wex Inc | Stock-Tech | 8.87% | -2.11% | +21.63% | |
| 5 | DAL | Delta Air Lines Inc | Stock-Industrials | 6.59% | +1.31% | +0.50% | |
| 6 | LUV | Southwest Airlines Co | Stock-Industrials | 5.41% | +0.57% | — | |
| 7 | CVNA | Carvana Co | Stock-Consumer Disc | 3.91% | -0.33% | -1.98% | |
| 8 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 3.47% | -0.81% | -30.14% | |
| 9 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 2.62% | -0.07% | +232.83% | |
| 10 | SCHW | Schwab (charles) CORP | Stock-Financials | 2.41% | -0.13% | -0.22% | |
| 11 | UBER | Uber Technologies Inc | Stock-Industrials | 2.15% | -0.25% | +52.17% | |
| 12 | ALK | Alaska Air Group Inc | Stock-Industrials | 2.10% | +0.35% | +41.29% | |
| 13 | LYFT | Lyft Inc-a | Stock-Tech | 1.61% | -0.63% | -3.53% | |
| 14 | H | Hyatt Hotels CORP - Cl A | Stock-Consumer Disc | 1.44% | +0.22% | -8.75% | |
| 15 | ALGT | Allegiant Travel Co | Stock-Other | 1.41% | +0.47% | — | |
| 16 | WBS | Webster Financial CORP | Stock-Financials | 1.26% | -0.10% | EXIT | |
| 17 | MAR | Marriott International -cl A | Stock-Consumer Disc | 1.11% | -0.48% | -0.88% | |
| 18 | SKYW | Skywest Inc | Stock-Industrials | 0.96% | -0.81% | — | |
| 19 | CARS | Cars.com Inc | Stock-Other | 0.87% | +0.01% | +31.04% | |
| 20 | TRIP | Tripadvisor Inc | Stock-Other | 0.84% | +0.12% | +9.03% | |
| 21 | AERO | Grupo Aeromexico Sab De Cv | Stock-Other | 0.80% | +0.53% | NEW | |
| 22 | SNCY | Sun Country Airlines Holding | Stock-Other | 0.77% | -0.70% | EXIT | |
| 23 | CAR | Avis Budget Group Inc | Stock-Other | 0.68% | -0.85% | EXIT | |
| 24 | RYAAY | Ryanair Holdings Plc-sp Adr | Stock-Industrials | 0.66% | -0.03% | — | |
| 25 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.58% | -0.34% | +1.44% | |
| 26 | JBLU | Jetblue Airways CORP | Stock-Industrials | 0.54% | — | -0.67% | |
| 27 | AAL | American Airlines Group Inc | Stock-Industrials | 0.51% | +0.06% | — | |
| 28 | CPA | Copa Holdings, S.A. | Stock-Other | 0.50% | -0.44% | +6.21% | |
| 29 | BILL | Bill Holdings Inc | Stock-Tech | 0.47% | -0.26% | -83.12% | |
| 30 | CARG | Cargurus Inc | Stock-Consumer Disc | 0.35% | — | +35.82% | |
| 31 | TRVG | Trivago NV - Adr | Stock-Other | 0.30% | +0.25% | +11.01% | |
| 32 | ULCC | Frontier Group Holdings Inc | Stock-Other | 0.27% | -0.22% | EXIT | |
| 33 | LTM | Latam Airlines Group Sa-adr | Stock-Other | 0.24% | -0.24% | EXIT | |
| 34 | HTZ | Hertz Global Hldgs Inc | Stock-Other | 0.19% | -0.14% | -38.90% | |
| 35 | GBTG | Global Business Travel Group | Stock-Other | 0.18% | -0.27% | EXIT | |
| 36 | RJET | Republic Airways Holdings In | Stock-Other | 0.09% | — | — | |
| 37 | C | Citigroup Inc | Stock-Financials | 0.06% | — | +100.00% | |
| 38 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.04% | — | -46.61% | |
| 39 | DASH | Doordash Inc - A | Stock-Consumer Disc | 0.04% | — | +22.92% | |
| 40 | ZM | Zoom Communications Inc | Stock-Tech | 0.03% | +0.03% | +250.00% | |
| 41 | BAC | Bank Of America CORP | Stock-Financials | 0.03% | — | +1.65% | |
| 42 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.02% | — | — | |
| 43 | KVYO | Klaviyo Inc-a | Stock-Other | 0.02% | — | +43.75% | |
| 44 | MA | Mastercard Inc - A | Stock-Financials | 0.01% | +0.38% | NEW | |
| 45 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.01% | +0.77% | NEW | |
| 46 | V | Visa Inc-class A Shares | Stock-Financials | 0.01% | +0.39% | +23.81% | |
| 47 | DOCU | Docusign Inc | Stock-Tech | 0.01% | — | +76.67% | |
| 48 | TCOM | Trip.com Group Ltd-adr | Stock-Consumer Disc | 0.01% | -0.01% | — |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ABNB | Airbnb Inc-class A | +1.8% | +232.83% | Add |
| 2 | SYF | Synchrony Financial | +0.9% | — | Unchanged |
| 3 | EXPE | Expedia Group Inc | +0.8% | -11.43% | Trim |
| 4 | LUV | Southwest Airlines Co | +0.8% | — | Unchanged |
| 5 | DAL | Delta Air Lines Inc | +0.7% | +0.50% | Add |
| 6 | ALK | Alaska Air Group Inc | +0.5% | +41.29% | Add |
| 7 | WEX | Wex Inc | +0.3% | +21.63% | Add |
| 8 | ALGT | Allegiant Travel Co | +0.3% | — | Unchanged |
| 9 | UBER | Uber Technologies Inc | +0.3% | +52.17% | Add |
| 10 | CARS | Cars.com Inc | +0.1% | +31.04% | Add |
| 11 | AAL | American Airlines Group Inc | +0.1% | — | Unchanged |
| 12 | GOOG | Alphabet Inc-cl C | +0.1% | +1.44% | Add |
| 13 | MAR | Marriott International -cl A | +0.1% | -0.88% | Trim |
| 14 | CARG | Cargurus Inc | +0.1% | +35.82% | Add |
| 15 | SNCY | Sun Country Airlines Holding | +0.1% | -2.37% | Trim |
| 16 | RYAAY | Ryanair Holdings Plc-sp Adr | +0.1% | — | Unchanged |
| 17 | C | Citigroup Inc | 0% | +100.00% | Add |
| 18 | LTM | Latam Airlines Group Sa-adr | 0% | — | Unchanged |
| 19 | ZM | Zoom Communications Inc | 0% | +250.00% | Add |
| 20 | UAL | United Airlines Holdings Inc | 0% | -4.36% | Trim |
| 21 | KVYO | Klaviyo Inc-a | 0% | +43.75% | Add |
| 22 | DOCU | Docusign Inc | — | +76.67% | Add |
| 23 | BAC | Bank Of America CORP | — | +1.65% | Add |
| 24 | V | Visa Inc-class A Shares | — | +23.81% | Add |
| 25 | DASH | Doordash Inc - A | — | +22.92% | Add |
| 26 | CPA | Copa Holdings, S.A. | 0% | +6.21% | Add |
| 27 | ULCC | Frontier Group Holdings Inc | 0% | — | Unchanged |
| 28 | MA | Mastercard Inc - A | 0% | — | Unchanged |
| 29 | CVNA | Carvana Co | 0% | -1.98% | Trim |
| 30 | AMZN | Amazon.com Inc | 0% | -46.61% | Trim |
| 31 | WBS | Webster Financial CORP | -0.1% | +0.73% | Add |
| 32 | TRVG | Trivago NV - Adr | -0.1% | +11.01% | Add |
| 33 | GBTG | Global Business Travel Group | -0.1% | -14.99% | Trim |
| 34 | H | Hyatt Hotels CORP - Cl A | -0.1% | -8.75% | Trim |
| 35 | SKYW | Skywest Inc | -0.1% | — | Unchanged |
| 36 | JBLU | Jetblue Airways CORP | -0.1% | -0.67% | Trim |
| 37 | TRIP | Tripadvisor Inc | -0.1% | +9.03% | Add |
| 38 | SCHW | Schwab (charles) CORP | -0.1% | -0.22% | Trim |
| 39 | CAR | Avis Budget Group Inc | -0.3% | — | Unchanged |
| 40 | HTZ | Hertz Global Hldgs Inc | -0.3% | -38.90% | Trim |
| 41 | LYFT | Lyft Inc-a | -0.5% | -3.53% | Trim |
| 42 | BKNG | Booking Holdings Inc | -2.1% | -30.14% | Trim |
| 43 | BILL | Bill Holdings Inc | -2.5% | -83.12% | Trim |
| 44 | AVDX | Avidxchange Holdings Inc | — | EXIT | Sold out |
| 45 | AERO | Grupo Aeromexico Sab De Cv | — | NEW | New buy |
| 46 | MLAB | Mesa Laboratories, Inc. | — | EXIT | Sold out |
| 47 | RJET | Republic Airways Holdings In | — | NEW | New buy |
| 48 | SOFI | Sofi Technologies Inc | — | EXIT | Sold out |
| 49 | BNY | Bank Of New York Mellon CORP | — | EXIT | Sold out |
| 50 | CART | Maplebear Inc | — | EXIT | Sold out |
According to official SEC Form 13F filings, Par Capital Management Inc reported a total U.S. public equity portfolio value of $4.0B across 48 disclosed positions in Q4 2025.
Expert Analysis & Guides for Tracking Wall Street Smart Money Movements
Learn how SEC Form 13F filings work, the $100M threshold, 45-day reporting lag, and how to track top hedge fund holdings.
In terms of portfolio concentration, the top 5 core holdings (including SYF, EXPE, UAL) accounted for 57.3% of total reported equity market value during Q4 2025.
Top New Position Initiated
AERO
市值: $30.4M
Top Position Liquidated / Trimmed
AVDX
前期市值: $32.8M
During Q4 2025, Par Capital Management Inc's top holdings by market value included SYF (16.5%)、EXPE (14.6%)、UAL (14.5%). The largest single position, SYF, represented 16.5% of total portfolio value.
In Q4 2025, Par Capital Management Inc made 52 total portfolio adjustments, initiating 5 new buys, adding to 19 positions, trimming 14 holdings, and fully liquidating 14 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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Understand Rule 144 restricted stock sale notices to spot planned insider liquidations before market sell pressure arrives.
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