PAR CAPITAL MANAGEMENT INC
CIK: 0001051359Latest portfolio: $3.8B · Q4 2025
Holdings
48
Total Value
$3.8B
New Positions
5
Closed Positions
13
Top Holdings
View All 48 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | SYFSYNCHRONY FINANCIAL | 7,500,000 | $625.0M | 16.52% | — | |
| 2 | EXPEEXPEDIA GROUP INC | 1,948,446 | $552.0M | 14.59% | -251,554 | |
| 3 | UALUNITED AIRLS HLDGS INC | 4,894,850 | $547.0M | 14.46% | NEW | |
| 4 | WEXWEX INC | 2,252,000 | $335.0M | 8.86% | +401K | |
| 5 | DALDELTA AIR LINES INC DEL | 3,592,210 | $249.0M | 6.58% | NEW | Put |
| 6 | LUVSOUTHWEST AIRLS CO | 4,950,192 | $204.0M | 5.39% | — | |
| 7 | CVNACARVANA CO | 350,672 | $147.0M | 3.89% | NEW | |
| 8 | BKNGBOOKING HOLDINGS INC | 24,487 | $131.0M | 3.46% | -10,563 | |
| 9 | ABNBAIRBNB INC | 729,900 | $99.0M | 2.62% | +511K | |
| 10 | SCHWSCHWAB CHARLES CORP | 912,000 | $91.0M | 2.41% | NEW | |
| 11 | UBERUBER TECHNOLOGIES INC | 995,200 | $81.0M | 2.14% | +341K | |
| 12 | ALKALASKA AIR GROUP INC | 1,581,500 | $79.0M | 2.09% | +462K | |
| 13 | LYFTLYFT INC | 3,140,000 | $60.0M | 1.59% | -115,000 | |
| 14 | HHYATT HOTELS CORP | 338,800 | $54.0M | 1.43% | -32,500 | |
| 15 | ALGTALLEGIANT TRAVEL CO | 624,081 | $53.0M | 1.40% | — | |
| 16 | WBSWEBSTER FINL CORP | 755,500 | $47.0M | 1.24% | +6K | |
| 17 | MARMARRIOTT INTL INC NEW | 134,900 | $41.0M | 1.08% | -1,200 | |
| 18 | SKYWSKYWEST INC | 359,881 | $36.0M | 0.95% | — | |
| 19 | CARSCARS COM INC | 2,697,648 | $32.0M | 0.85% | +639K | |
| 20 | TRIPTRIPADVISOR INC | 2,180,564 | $31.0M | 0.82% | +181K | |
| 21 | AEROGRUPO AEROMEXICO SAB DE CV | 13,850,410 | $30.0M | 0.79% | NEW | |
| 22 | SNCYSUN CTRY AIRLS HLDGS INC | 2,018,000 | $28.0M | 0.74% | NEW | Put |
| 23 | CUCAAVIS BUDGET GROUP | 200,000 | $25.0M | 0.66% | — | |
| 24 | RYAAYRYANAIR HOLDINGS PLC | 345,000 | $24.0M | 0.63% | — | |
| 25 | GOOGALPHABET INC | 70,300 | $21.0M | 0.56% | +1K | Put |
Quarterly Changes
New Positions
Sector Breakdown
Industrials0.0% ($5.47000249000204e+70T)
Consumer Cyclical0.0% ($5.52000147000131e+43T)
Technology0.0% ($3.35000810006e+21T)
Financial Services0.0% ($6250009100047.0T)
Communication Services0.0% ($210.0T)
Unknown0.0% ($2.5T)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $3.8B | 53 |
| Q3 2025 | Nov 14, 2025 | $3.4T | 65 |
| Q2 2025 | Aug 14, 2025 | $3.1T | 57 |
| Q1 2025 | May 15, 2025 | $3.0T | 49 |
| Q4 2024 | Feb 14, 2025 | $3.4T | 60 |
| Q3 2024 | Nov 14, 2024 | $3526.0T | 56 |
| Q2 2024 | Aug 14, 2024 | $3175.9T | 50 |
| Q1 2024 | May 15, 2024 | $3215.4T | 49 |
| Q4 2023 | Feb 14, 2024 | $3044.3T | 42 |
| Q3 2023 | Nov 14, 2023 | $2673.6T | 47 |
| Q2 2023 | Aug 14, 2023 | $2872.0T | 45 |
| Q1 2023 | May 15, 2023 | $2717.0T | 43 |
| Q4 2022 | Feb 14, 2023 | $2780.0T | 40 |
| Q3 2022 | Nov 14, 2022 | $2.7T | 42 |
| Q2 2022 | Aug 15, 2022 | $3.0T | 40 |
| Q1 2022 | May 16, 2022 | $4.2T | 47 |
| Q4 2021 | Feb 14, 2022 | $3.7T | 56 |
| Q3 2021 | Nov 15, 2021 | $4.2T | 61 |
| Q2 2021 | Aug 16, 2021 | $4.1T | 61 |
| Q1 2021 | May 17, 2021 | $4.3T | 47 |
| Q4 2020 | Feb 16, 2021 | $3.4T | 30 |
| Q3 2020 | Nov 16, 2020 | $2.6T | 43 |
| Q2 2020 | Aug 14, 2020 | $2.6T | 46 |
| Q1 2020 | May 15, 2020 | $2.4T | 50 |
| Q4 2019 | Feb 14, 2020 | $5.1T | 43 |
| Q3 2019 | Nov 14, 2019 | $5.8T | 52 |
| Q2 2019 | Aug 14, 2019 | $6.0T | 52 |
| Q1 2019 | May 15, 2019 | $5.4T | 49 |
| Q4 2018 | Feb 14, 2019 | $6.0T | 60 |
| Q3 2018 | Nov 14, 2018 | $8.7T | 77 |
| Q2 2018 | Aug 14, 2018 | $8.9T | 82 |
| Q1 2018 | May 15, 2018 | $9.1T | 82 |
| Q4 2017 | Feb 14, 2018 | $8.9T | 78 |
| Q3 2017 | Nov 14, 2017 | $8.8T | 82 |
| Q2 2017 | Aug 14, 2017 | $8.9T | 85 |
| Q1 2017 | May 15, 2017 | $8.2T | 77 |
| Q4 2016 | Feb 14, 2017 | $7.6T | 75 |
| Q3 2016 | Nov 14, 2016 | $6.9T | 85 |
| Q2 2016 | Aug 15, 2016 | $6.0T | 80 |
| Q1 2016 | May 16, 2016 | $6.2T | 79 |
Fund Information
PAR CAPITAL MANAGEMENT INC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $3.8B across 48 holdings. The largest position is SYNCHRONY FINANCIAL (SYF), representing 16.5% of the portfolio. Compared to the previous quarter, the fund opened 12 new positions and closed 21 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.