PAR CAPITAL MANAGEMENT INC

CIK

1051359

Location

BOSTON, MA

Portfolio Value

Mid $4,033,876,449

Diversification

Diversified

Filing Date

Global Rank

#1,027 / 8,794 ▼ 58 · as of Jun 2026

Top Industry

Airlines 39.5%

Period ended 3 months ago

Filed Aug 14, 2026 · 52d

26 quarters · since Mar 2020

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

45 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

18.1%

+3.0 pts

Top 5

60.4%

+0.9 pts

Top 10

84.1%

+0.8 pts

HHI

955

Diversified+69

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	39.6%	$1,595,802,859	13
Consumer Cyclical	25.3%	$1,022,412,874	10
Financial Services	16.5%	$665,966,672	9
Technology	16.3%	$656,464,992	7
Communication Services	2.3%	$93,229,052	6

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
CVNA	Carvana Co.	+1,391,488	1,739,360	$114,484,675
BKNG	Booking Holdings Inc.	+949,527	992,100	$176,831,904
UBER	Uber Technologies, Inc	+480,727	4,217,700	$304,349,232
UAL	United Airlines Holdings, Inc.	+362,891	5,359,741	$728,871,178
TRVG	trivago N.V.	+99,619	4,292,733	$23,481,249
V	Visa Inc.	+47,600	127,600	$43,778,284
ZM	Zoom Communications, Inc.	+11,000	17,000	$1,467,270
CFG	Citizens Financial Group Inc/Ri	+4,000	20,000	$1,401,400
ABNB	Airbnb, Inc.	+2,500	750,000	$107,325,000
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
LYFT	Lyft, Inc.	−1,525,000	1,605,000	$23,449,050
HTZ	Hertz Global Holdings, Inc	−488,999	911,001	$2,063,417
JBLU	Jetblue Airways Corp	−457,425	4,000,000	$22,920,000
LUV	Southwest Airlines Co	−313,436	4,905,756	$252,253,973
SKYW	Skywest Inc	−303,042	54,881	$5,451,329
AAL	American Airlines Group Inc.	−250,000	1,000,000	$18,070,000
BILL	BILL Holdings, Inc.	−200,000	200,000	$7,232,000
CPA	Copa Holdings, S.A.	−137,082	20,115	$3,129,290
EXPE	Expedia Group, Inc.	−56,273	1,895,847	$485,109,330
MAR	Marriott International Inc /Md/	−50,000	40,000	$14,823,600
GOOGL	Alphabet Inc.	−41,500	27,700	$9,787,241
DAL	Delta Air Lines, Inc.	−39,200	3,493,245	$327,177,326
SCHW	Schwab Charles Corp	−8,300	245,000	$22,606,150
TFC	Truist Financial Corp	−5,000	10,000	$498,200
RYAAY	Ryanair Holdings PLC	−5,000	340,000	$22,015,000
ALK	Alaska Air Group, Inc.	−1,864	1,579,636	$82,456,999
ALGT	Allegiant Travel CO	−1,559	844,632	$99,328,723
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
META	Meta Platforms, Inc.	54,983	$30,971,374
ZG	Zillow Group, Inc.	823,000	$25,940,960
AERO	Grupo Aeromexico, S.A.B. de C.V.	1,189,824	$21,416,832
MA	Mastercard Inc	30,000	$15,408,000
FLEX	Flex Ltd.	9,910	$1,606,113
EBAY	Ebay Inc	8,000	$894,000
AFRM	Affirm Holdings, Inc.	4,000	$326,200
PNC	Pnc Financial Services Group, Inc.	1,000	$246,220
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
CAR	Avis Budget Group, Inc.	200,000	$29,170,000
GBTG	Global Business Travel Group, Inc.	1,686,634	$9,411,417
LTM	Latam Airlines Group S.A.	165,000	$8,157,600
ULCC	Frontier Group Holdings, Inc.	2,131,100	$7,522,783
—		50,000	$3,471,000
PINS	Pinterest, Inc.	31,825	$583,670
SNAP	Snap Inc	110,693	$509,187
—		1,467,800	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

45 tracked positions · $4,033,876,449 total · filing declares 48 positions · $4,033,876,461 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
UAL	United Airlines Holdings, Inc. Industrials	Added	5,359,741	+362,891	$728,871,178	+58.4%	18.07%
SYF	Synchrony Financial Financial Services	Held	7,612,137	0	$578,903,018	+11.8%	14.35%
EXPE	Expedia Group, Inc. Consumer Cyclical	Reduced	1,895,847	-56,273	$485,109,330	+7.6%	12.03%
DAL	Delta Air Lines, Inc. PUT + SHARES Industrials	Reduced	3,493,245	-39,200	$327,177,326	+39.3%	8.11%
WEX	WEX Inc. Technology	Held	2,254,984	0	$318,155,692	−7.8%	7.89%
UBER	Uber Technologies, Inc Technology	Added	4,217,700	+480,727	$304,349,232	+13.2%	7.54%
LUV	Southwest Airlines Co Industrials	Reduced	4,905,756	-313,436	$252,253,973	+28.6%	6.25%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	992,100	+949,527	$176,831,904	−1.3%	4.38%
CVNA	Carvana Co. Consumer Cyclical	Added	1,739,360	+1,391,488	$114,484,675	+4.7%	2.84%
ABNB	Airbnb, Inc. Consumer Cyclical	Added	750,000	+2,500	$107,325,000	+13.7%	2.66%
ALGT	Allegiant Travel CO Industrials	Reduced	844,632	-1,559	$99,328,723	+44.8%	2.46%
ALK	Alaska Air Group, Inc. Industrials	Reduced	1,579,636	-1,864	$82,456,999	+41.8%	2.04%
H	Hyatt Hotels Corp Consumer Cyclical	Held	338,500	0	$65,614,840	+34.8%	1.63%
TRIP	TripAdvisor, Inc. Consumer Cyclical	Held	4,072,054	0	$55,827,860	+28.6%	1.38%
V	Visa Inc. Financial Services	Added	127,600	+47,600	$43,778,284	+81.1%	1.09%
META	Meta Platforms, Inc. Communication Services	NEW	54,983	NEW	$30,971,374	NEW	0.77%
ZG	Zillow Group, Inc. Communication Services	NEW	823,000	NEW	$25,940,960	NEW	0.64%
TRVG	trivago N.V. Communication Services	Added	4,292,733	+99,619	$23,481,249	+106.6%	0.58%
LYFT	Lyft, Inc. Technology	Reduced	1,605,000	-1,525,000	$23,449,050	−43.7%	0.58%
JBLU	Jetblue Airways Corp Industrials	Reduced	4,000,000	-457,425	$22,920,000	+16.3%	0.57%
SCHW	Schwab Charles Corp Financial Services	Reduced	245,000	-8,300	$22,606,150	−5.0%	0.56%
RYAAY	Ryanair Holdings PLC Industrials	Reduced	340,000	-5,000	$22,015,000	+10.4%	0.55%
AERO	Grupo Aeromexico, S.A.B. de C.V. Industrials	NEW	1,189,824	NEW	$21,416,832	NEW	0.53%
AAL	American Airlines Group Inc. Industrials	Reduced	1,000,000	-250,000	$18,070,000	+34.6%	0.45%
MA	Mastercard Inc Financial Services	NEW	30,000	NEW	$15,408,000	NEW	0.38%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	40,000	-50,000	$14,823,600	−49.6%	0.37%
RJET	Republic Airways Holdings Inc. Industrials	Held	506,844	0	$10,648,792	+17.5%	0.26%
GOOGL	Alphabet Inc. PUT + SHARES Communication Services	Reduced	27,700	-41,500	$9,787,241	−50.7%	0.24%
BILL	BILL Holdings, Inc. Technology	Reduced	200,000	-200,000	$7,232,000	−52.8%	0.18%
SKYW	Skywest Inc Industrials	Reduced	54,881	-303,042	$5,451,329	−83.4%	0.14%
CPA	Copa Holdings, S.A. Industrials	Reduced	20,115	-137,082	$3,129,290	−82.5%	0.08%
C	Citigroup Inc PUT + SHARES Financial Services	Held	20,000	0	$2,799,200	+23.4%	0.07%
CARS	Cars.com Inc. Communication Services	Held	246,299	0	$2,694,511	+34.7%	0.07%
HTZ	Hertz Global Holdings, Inc Industrials	Reduced	911,001	-488,999	$2,063,417	−68.0%	0.05%
FLEX	Flex Ltd. Technology	NEW	9,910	NEW	$1,606,113	NEW	0.04%
ZM	Zoom Communications, Inc. Technology	Added	17,000	+11,000	$1,467,270	+204.2%	0.04%
CFG	Citizens Financial Group Inc/Ri Financial Services	Added	20,000	+4,000	$1,401,400	+46.1%	0.03%
CART	Maplebear Inc. Consumer Cyclical	Held	20,336	0	$962,909	+26.4%	0.02%
EBAY	Ebay Inc Consumer Cyclical	NEW	8,000	NEW	$894,000	NEW	0.02%
TCOM	Trip.com Group Ltd Consumer Cyclical	Held	13,523	0	$538,756	−20.0%	0.01%
TFC	Truist Financial Corp Financial Services	Reduced	10,000	-5,000	$498,200	−27.7%	0.01%
CARG	CarGurus, Inc. Communication Services	Held	10,376	0	$353,717	+0.1%	0.01%
AFRM	Affirm Holdings, Inc. Financial Services	NEW	4,000	NEW	$326,200	NEW	0.01%
PNC	Pnc Financial Services Group, Inc. Financial Services	NEW	1,000	NEW	$246,220	NEW	0.01%
NXT	Nextpower Inc. Technology	Held	1,726	0	$205,635	−1.2%	0.01%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.