PAR CAPITAL MANAGEMENT INC
CIK: 0001051359SEC EDGAR →
Portfolio Value
$3.8B
Holdings
48
As of
Q4 2025
New Positions
10
Closed Positions
6
Top 10 Holdings
| Rank | Stock | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | SYNCHRONY FINANCIAL | 7,500,000 | $625.0M | 16.52% |
| 2 | EXPEDIA GROUP INC | 1,948,446 | $552.0M | 14.59% |
| 3 | UNITED AIRLS HLDGS INC | 4,894,850 | $547.0M | 14.46% |
| 4 | WEX INC | 2,252,000 | $335.0M | 8.86% |
| 5 | DALPut DELTA AIR LINES INC DEL | 3,592,210 | $249.0M | 6.58% |
| 6 | SOUTHWEST AIRLS CO | 4,950,192 | $204.0M | 5.39% |
| 7 | CARVANA CO | 350,672 | $147.0M | 3.89% |
| 8 | BOOKING HOLDINGS INC | 24,487 | $131.0M | 3.46% |
| 9 | AIRBNB INC | 729,900 | $99.0M | 2.62% |
| 10 | SCHWAB CHARLES CORP | 912,000 | $91.0M | 2.41% |
Quarterly Changes
New Positions (12)
Closed Positions (21)
$493.9M · 5.1M shares
$202.8M · 3.6M shares
$135.0M · 358K shares
$87.3M · 914K shares
$32.8M · 3.3M shares
$24.4M · 2.1M shares
$3.4M · 2.6M shares
$2.9M · 110K shares
$2.9M · 26K shares
$2.8M · 75K shares
$2.6M · 12K shares
$2.2M · 362K shares
$2.2M · 27K shares
$1.0M · 10K shares
$603K · 3K shares
$574K · 10K shares
$402K · 6K shares
$390K · 14K shares
$372K · 3K shares
$308K · 4K shares
$234K · 500 shares
Sector Breakdown
| Sector | # Holdings | Value | % |
|---|---|---|---|
| Industrials | 16 | $1.3B | 35.5% |
| Consumer Cyclical | 11 | $1.1B | 29.3% |
| Financial Services | 6 | $764.0M | 20.3% |
| Technology | 8 | $500.0M | 13.3% |
| Communication Services | 4 | $32.0M | 0.9% |
| Unknown | 3 | $27.0M | 0.7% |