PC

Par Capital Management INC

Diversified strategyMomentum followerSector-focused

Total reported value

$3.5B

Reporting period: 2026-03-31 · Number of holdings: 48

PAR CAPITAL MANAGEMENT INC disclosed 48 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.5B and a quarterly turnover rate of 26.4%.

Personality snowflake

Concentration
34.98
Portfolio Stability
26.42
Momentum/Contrarian
100
Sector conviction
87.86
Diversification
90
Sizing Uniformity
82.67

Recent moves

  • Add UBER

    +275.5%　$187.5M

  • Trim SCHW

    -72.2%　-$67.3M

  • Add BKNG

    +73.9%　$48.1M

  • Trim SYF

    +1.5%　-$107.9M

  • Trim EXPE

    +0.2%　-$101.3M

  • Trim WBS

    -93.4%　-$44.1M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 45 holdings (of 48 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1SYFSynchrony FinancialStock-Financials15.00%-1.54%+1.50%
2UALUnited Airlines Holdings INCStock-Industrials13.33%-1.14%+2.08%
3EXPEExpedia Group INCStock-Consumer Disc13.06%-1.53%+0.19%
4WEXWex INCStock-Tech10.00%+1.13%+0.13%
5UBERUber Technologies INCStock-Industrials7.79%+5.64%+275.50%
6DALDelta Air Lines INCStock-Industrials6.80%+0.21%-1.66%
7LUVSouthwest Airlines CoStock-Industrials5.68%+0.27%+5.43%
8BKNGBooking Holdings INCStock-Consumer Disc5.19%+1.72%+73.86%
9CVNACarvana CoStock-Consumer Disc3.17%-0.74%-0.80%
10ABNBAirbnb Inc-class AStock-Consumer Disc2.73%+0.11%+2.41%
11ALGTAllegiant Travel CoStock-Other1.99%+0.58%+35.59%
12ALKAlaska Air Group INCStock-Industrials1.69%-0.41%—
13HHyatt Hotels CORP - Cl AStock-Consumer Disc1.41%-0.03%-0.09%
14TRIPTripadvisor INCStock-Other1.26%+0.42%+86.74%
15LYFTLyft Inc-aStock-Tech1.21%-0.40%-0.32%
16SKYWSkywest INCStock-Industrials0.95%-0.01%-0.54%
17MARMarriott International -cl AStock-Consumer Disc0.85%-0.26%-33.28%
18CARAvis Budget Group INCStock-Other0.85%+0.17%—
19SNCYSun Country Airlines HoldingStock-Other0.70%-0.07%-27.26%
20VVisa Inc-class A SharesStock-Financials0.70%+0.69%+7592.31%
21SCHWSchwab (charles) CORPStock-Financials0.69%-1.72%-72.23%
22RYAAYRyanair Holdings Plc-sp AdrStock-Industrials0.58%-0.08%—
23GOOGAlphabet Inc-cl CStock-Comm Services0.58%—-1.56%
24JBLUJetblue Airways CORPStock-Industrials0.57%+0.03%—
25CPACopa Holdings, S.A.Stock-Other0.52%+0.02%—
26BILLBill Holdings INCStock-Tech0.44%-0.03%+23.08%
27AALAmerican Airlines Group INCStock-Industrials0.39%-0.12%—
28TRVGTrivago NV - AdrStock-Other0.33%—+5.60%
29GBTGGlobal Business Travel GroupStock-Other0.27%+0.09%+90.96%
30RJETRepublic Airways Holdings InStock-Other0.26%+0.17%+185.87%
31LTMLatam Airlines Group Sa-adrStock-Other0.24%——
32ULCCFrontier Group Holdings INCStock-Other0.22%-0.05%-1.16%
33HTZHertz Global Hldgs INCStock-Other0.19%——
34WBSWebster Financial CORPStock-Financials0.10%-1.16%-93.38%
35CCitigroup INCStock-Financials0.07%——
36CARSCars.com INCStock-Other0.06%-0.81%-90.87%
37CFGCitizens Financial GroupStock-Financials0.03%+0.03%NEW
38CARTMaplebear INCStock-Consumer Disc0.02%+0.02%NEW
39TFCTruist Financial CORPStock-Financials0.02%+0.02%NEW
40TCOMTrip.com Group Ltd-adrStock-Consumer Disc0.02%—+200.51%
41PINSPinterest Inc- Class AStock-Comm Services0.02%+0.02%NEW
42SNAPSnap INC - AStock-Comm Services0.01%+0.01%NEW
43ZMZoom Communications INCStock-Tech0.01%-0.02%-49.58%
44CARGCargurus INCStock-Consumer Disc0.01%-0.34%-97.02%
45NXTNextpower Inc-cl AStock-Tech0.01%——

Holding changes this quarter

Par Capital Management INC's most significant position changes for 2026-03-31: Sold out: Grupo Aeromexico Sab De Cv (AERO); Sold out: Amazon.com INC (AMZN); Sold out: Doordash INC - A (DASH); Sold out: Bank Of America CORP (BAC); New buy: Citizens Financial Group (CFG).

Position changes disclosed by Par Capital Management INC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1UBERUber Technologies INC+5.6%+275.50%Add
2BKNGBooking Holdings INC+1.7%+73.86%Add
3WEXWex INC+1.1%+0.13%Add
4VVisa Inc-class A Shares+0.7%+7592.31%Add
5ALGTAllegiant Travel Co+0.6%+35.59%Add
6TRIPTripadvisor INC+0.4%+86.74%Add
7LUVSouthwest Airlines Co+0.3%+5.43%Add
8DALDelta Air Lines INC+0.2%-1.66%Trim
9RJETRepublic Airways Holdings In+0.2%+185.87%Add
10CARAvis Budget Group INC+0.2%—Unchanged
11ABNBAirbnb Inc-class A+0.1%+2.41%Add
12GBTGGlobal Business Travel Group+0.1%+90.96%Add
13JBLUJetblue Airways CORP0%—Unchanged
14CPACopa Holdings, S.A.0%—Unchanged
15GOOGAlphabet Inc-cl C—-1.56%Trim
16LTMLatam Airlines Group Sa-adr——Unchanged
17HTZHertz Global Hldgs INC——Unchanged
18SKYWSkywest INC0%-0.54%Trim
19ZMZoom Communications INC0%-49.58%Trim
20HHyatt Hotels CORP - Cl A0%-0.09%Trim
21BILLBill Holdings INC0%+23.08%Add
22ULCCFrontier Group Holdings INC-0.1%-1.16%Trim
23SNCYSun Country Airlines Holding-0.1%-27.26%Trim
24RYAAYRyanair Holdings Plc-sp Adr-0.1%—Unchanged
25AALAmerican Airlines Group INC-0.1%—Unchanged
26MARMarriott International -cl A-0.3%-33.28%Trim
27CARGCargurus INC-0.3%-97.02%Trim
28LYFTLyft Inc-a-0.4%-0.32%Trim
29ALKAlaska Air Group INC-0.4%—Unchanged
30CVNACarvana Co-0.7%-0.80%Trim
31CARSCars.com INC-0.8%-90.87%Trim
32UALUnited Airlines Holdings INC-1.1%+2.08%Add
33WBSWebster Financial CORP-1.2%-93.38%Trim
34EXPEExpedia Group INC-1.5%+0.19%Add
35SYFSynchrony Financial-1.5%+1.50%Add
36SCHWSchwab (charles) CORP-1.7%-72.23%Trim
37AEROGrupo Aeromexico Sab De Cv—EXITSold out
38AMZNAmazon.com INC—EXITSold out
39DASHDoordash INC - A—EXITSold out
40BACBank Of America CORP—EXITSold out
41CFGCitizens Financial Group—NEWNew buy
42TSLATesla INC—EXITSold out
43CARTMaplebear INC—NEWNew buy
44KVYOKlaviyo Inc-a—EXITSold out
45TFCTruist Financial CORP—NEWNew buy
46PINSPinterest Inc- Class A—NEWNew buy
47MAMastercard INC - A—EXITSold out
48SNAPSnap INC - A—NEWNew buy
49METAMeta Platforms Inc-class A—EXITSold out
50DOCUDocusign INC—EXITSold out

FAQ

What is Par Capital Management INC and what type of investor is it?
Par Capital Management INC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $3.5B, spread across 48 disclosed positions.
What are Par Capital Management INC's largest equity positions?
Based on the latest 13F filing, Par Capital Management INC's top holdings by market value are: 1. Synchrony Financial (SYF) — $517.8M (15.0%) 2. United Airlines Holdings INC (UAL) — $460.1M (13.3%) 3. Expedia Group INC (EXPE) — $450.7M (13.1%) 4. Wex INC (WEX) — $345.1M (10.0%) 5. Uber Technologies INC (UBER) — $268.8M (7.8%)
What changes did Par Capital Management INC make in its most recent portfolio filing?
In the latest reported quarter, Par Capital Management INC made 42 notable position adjustments: 5 new positions were initiated, 14 existing holdings were added to, 14 positions were partially reduced, and 9 were completely exited. The largest of these moves: Sold out: Grupo Aeromexico Sab De Cv (AERO); Sold out: Amazon.com INC (AMZN); Sold out: Doordash INC - A (DASH); Sold out: Bank Of America CORP (BAC); New buy: Citizens Financial Group (CFG)
What sectors does Par Capital Management INC focus on?
Par Capital Management INC is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 40.6% • Consumer Discretionary: 28.4% • Financials: 17.8% • Information Technology: 12.5% • Communication Services: 0.7%