Latest PAR CAPITAL MANAGEMENT INC Stock Portfolio

$3.45Billion– No. of Holdings #45

PAR CAPITAL MANAGEMENT INC Performance:

2026 Q1: -12.88%YTD: -12.88%2025: 20.95%

Performance for 2026 Q1 is -12.88%, and YTD is -12.88%, and 2025 is 20.95%.

About PAR CAPITAL MANAGEMENT INC and 13F Hedge Fund Stock Holdings

PAR CAPITAL MANAGEMENT INC is a hedge fund based in Boston, MA. On 2026-05-15, the fund reported it's updated stock portfolio. In the 13F Holdings report, PAR CAPITAL MANAGEMENT INC reported an equity portfolio of $3.5 Billions as of 31 Mar, 2026.

The top stock holdings of PAR CAPITAL MANAGEMENT INC are SYF, UAL, EXPE. The fund has invested 15% of it's portfolio in SYNCHRONY FINANCIAL and 13.3% of portfolio in UNITED AIRLS HLDGS INC.

The fund managers got completely rid off GRUPO AEROMEXICO SAB DE CV, AMAZON COM INC (AMZN) and BANK AMERICA CORP (BAC) stocks. They significantly reduced their stock positions in CARGURUS INC (CARG), WEBSTER FINL CORP (WBS) and CARS COM INC (CARS). PAR CAPITAL MANAGEMENT INC opened new stock positions in CITIZENS FINL GROUP INC (CFG), MAPLEBEAR INC and TRUIST FINL CORP (TFC). The fund showed a lot of confidence in some stocks as they added substantially to VISA INC (V), UBER TECHNOLOGIES INC (UBER) and TRIP COM GROUP LTD (TCOM).

PAR CAPITAL MANAGEMENT INC Equity Portfolio Value

Last Reported on: 15 May, 2026

PAR CAPITAL MANAGEMENT INC Annual Return Estimates Vs S&P 500

Our best estimate is that PAR CAPITAL MANAGEMENT INC made a return of -12.88% in the last quarter. In trailing 12 months, it's portfolio return was 20.3%.

Performance
S&P 500

New Buys

Ticker	$ Bought
citizens finl group inc	959,520
maplebear inc	761,787
truist finl corp	689,550
pinterest inc	583,671
snap inc	509,188
nextpower inc	208,069

New stocks bought by PAR CAPITAL MANAGEMENT INC

Additions

Ticker	% Inc.
visa inc	7,592
uber technologies inc	275
trip com group ltd	200
republic awys hldgs inc	185
global business travel group	90.96
tripadvisor inc	86.74
booking holdings inc	73.86
allegiant travel co	35.59

Additions to existing portfolio by PAR CAPITAL MANAGEMENT INC

Reductions

Ticker	% Reduced
cargurus inc	-97.02
webster finl corp	-93.38
cars com inc	-90.87
schwab charles corp	-72.23
zoom communications inc	-49.58
marriott intl inc new	-33.28
sun ctry airls hldgs inc	-26.61
alphabet inc	-3.00

PAR CAPITAL MANAGEMENT INC reduced stake in above stock

Sold off

Ticker	$ Sold
grupo aeromexico sab de cv	-30,415,500
klaviyo inc	-746,810
bank america corp	-1,017,500
amazon com inc	-1,454,170
docusign inc	-362,520
tesla inc	-764,524
mastercard incorporated	-513,792
meta platforms inc	-462,063

PAR CAPITAL MANAGEMENT INC got rid off the above stocks

Sector Distribution

PAR CAPITAL MANAGEMENT INC has about 33.7% of it's holdings in Industrials sector.

Industrials
Consumer Cyclical
Technology
Financial Services
Others

Sector	%
Industrials	33.7
Consumer Cyclical	27.8
Technology	19.8
Financial Services	16.6
Others	1.7

Market Cap. Distribution

PAR CAPITAL MANAGEMENT INC has about 76.1% of it's portfolio invested in the large-cap and mega-cap stocks.

LARGE-CAP
MID-CAP
SMALL-CAP
UNALLOCATED

Category	%
LARGE-CAP	76.1
MID-CAP	18.4
SMALL-CAP	2.4
UNALLOCATED	1.7

Stocks belong to which Index?

About 74.7% of the stocks held by PAR CAPITAL MANAGEMENT INC either belong to S&P 500 or RUSSELL 2000 index.

S&P 500
Others
RUSSELL 2000

Index	%
S&P 500	66.7
Others	25.3
RUSSELL 2000	8

Top 5 Winners (%)		%
CAR	avis budget group inc	13.7 %
SNCY	sun ctry airls hldgs inc	12.8 %
WBS	webster finl corp	5.5 %
MAR	marriott intl inc new	4.5 %
WEX	wex inc	2.7 %

Top 5 Winners ($)		$
WEX	wex inc	9.1 M
SNCY	sun ctry airls hldgs inc	3.7 M
CAR	avis budget group inc	3.5 M
WBS	webster finl corp	2.6 M
MAR	marriott intl inc new	1.9 M

Top 5 Losers (%)		%
LYFT	lyft inc	-31.3 %
AAL	american airlines group inc	-29.9 %
BILL	bill holdings inc	-27.8 %
ALK	alaska air group inc	-26.9 %
CVNA	carvana co	-25.4 %

Top 5 Losers ($)		$
SYF	synchrony financial	-116.4 M
EXPE	expedia group inc	-102.2 M
UAL	united airls hldgs inc	-97.7 M
BKNG	booking holdings inc	-38.4 M
CVNA	carvana co	-37.6 M

PAR CAPITAL MANAGEMENT INC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of PAR CAPITAL MANAGEMENT INC

PAR CAPITAL MANAGEMENT INC has 45 stocks in it's portfolio. About 82.7% of the portfolio is in top 10 stocks. SYF proved to be the most loss making stock for the portfolio. WEX was the most profitable stock for PAR CAPITAL MANAGEMENT INC last quarter.

Last Reported on: 15 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAL	american airlines group inc	0.39	1,250,000	13,425,000	unchanged	0.00

ABNB	airbnb inc	2.73	747,500	94,394,300	added	2.41

ALGT	allegiant travel co	1.99	846,191	68,575,300	added	35.59

ALK	alaska air group inc	1.69	1,581,500	58,167,600	unchanged	0.00

AMZN	amazon com inc	0.00	0.00	0.00	sold off	-100

BAC	bank america corp	0.00	0.00	0.00	sold off	-100

BILL	bill holdings inc	0.44	400,000	15,320,000	added	23.08

BKNG	booking holdings inc	5.19	1,064,320	179,246,000	added	73.86

C	citigroup inc	0.03	10,000	1,134,100	unchanged	0.00

CAR	avis budget group inc	0.84	200,000	29,170,000	unchanged	0.00

CARG	cargurus inc	0.01	10,376	353,303	reduced	-97.02

CARS	cars com inc	0.06	246,299	1,999,950	reduced	-90.87

CFG	citizens finl group inc	0.03	16,000	959,520	new

CPA	copa holdings sa	0.52	157,197	17,859,200	unchanged	0.00

CVNA	carvana co	3.17	347,872	109,364,000	reduced	-0.8

DAL	delta air lines inc	6.77	3,514,440	233,640,000	reduced	-1.67

DOCU	docusign inc	0.00	0.00	0.00	sold off	-100

EXPE	expedia group inc	13.06	1,952,120	450,725,000	added	0.19

GBTG	global business travel group	0.27	1,686,630	9,411,420	added	90.96

GOOG	alphabet inc	0.30	35,600	10,212,200	reduced	-3.00