Par Capital Management INC: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1051359) · Explore on the interactive board
Par Capital Management INC disclosed 45 US equity positions worth $4.0bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is UAL at 18.1% of the reported book, followed by SYF, EXPE. The top ten holdings are 84.2% of the book, and the portfolio behaves like about 10 equal-weight positions. Versus the prior filing it opened 8 new positions, added to 8, reduced 15 and exited 8. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Par Capital Management INC own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 8 new, 8 added, 15 reduced, 8 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | UAL UNITED AIRLS HLDGS INC | Industrials | 18.1% | $728.9m | 5,359,741 | 7% | added |
| 2 | SYF SYNCHRONY FINANCIAL | Financial Services | 14.4% | $578.9m | 7,612,137 | 0% | held |
| 3 | EXPE EXPEDIA GROUP INC | Consumer Cyclical | 12.0% | $485.1m | 1,895,847 | -3% | reduced |
| 4 | DAL DELTA AIR LINES INC | Industrials | 8.1% | $326.2m | 3,482,745 | -1% | reduced |
| 5 | WEX WEX INC | Technology | 7.9% | $318.2m | 2,254,984 | 0% | held |
| 6 | UBER UBER TECHNOLOGIES INC | Technology | 7.6% | $304.3m | 4,217,700 | 13% | added |
| 7 | LUV SOUTHWEST AIRLS CO | Industrials | 6.3% | $252.3m | 4,905,756 | -6% | reduced |
| 8 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 4.4% | $176.8m | 992,100 | 2230% | added |
| 9 | CVNA CARVANA CO | Consumer Cyclical | 2.8% | $114.5m | 1,739,360 | 400% | added |
| 10 | ABNB AIRBNB INC | Consumer Cyclical | 2.7% | $107.3m | 750,000 | 0% | held |
| 11 | ALGT ALLEGIANT TRAVEL CO | Industrials | 2.5% | $99.3m | 844,632 | -0% | held |
| 12 | ALK ALASKA AIR GROUP INC | Industrials | 2.0% | $82.5m | 1,579,636 | -0% | held |
| 13 | H HYATT HOTELS CORP | Consumer Cyclical | 1.6% | $65.6m | 338,500 | 0% | held |
| 14 | TRIP TRIPADVISOR INC | Consumer Cyclical | 1.4% | $55.8m | 4,072,054 | 0% | held |
| 15 | V VISA INC | Financial Services | 1.1% | $43.8m | 127,600 | 60% | added |
| 16 | META META PLATFORMS INC | Communication Services | 0.8% | $31.0m | 54,983 | – | new |
| 17 | Z ZILLOW GROUP INC | Communication Services | 0.6% | $25.9m | 823,000 | – | new |
| 18 | TRIVAGO N V | 0.6% | $23.5m | 4,292,733 | 2% | added | |
| 19 | LYFT LYFT INC | Technology | 0.6% | $23.4m | 1,605,000 | -49% | reduced |
| 20 | JBLU JETBLUE AIRWAYS CORP | Industrials | 0.6% | $22.9m | 4,000,000 | -10% | reduced |
| 21 | SCHW SCHWAB CHARLES CORP | Financial Services | 0.6% | $22.6m | 245,000 | -3% | reduced |
| 22 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 0.5% | $22.0m | 340,000 | -1% | reduced |
| 23 | GRUPO AEROMEXICO SAB DE CV | 0.5% | $21.4m | 1,189,824 | – | new | |
| 24 | AAL AMERICAN AIRLINES GROUP INC | Industrials | 0.4% | $18.1m | 1,000,000 | -20% | reduced |
| 25 | MA MASTERCARD INCORPORATED | Financial Services | 0.4% | $15.4m | 30,000 | – | new |
| 26 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 0.4% | $14.8m | 40,000 | -56% | reduced |
| 27 | RJET REPUBLIC AWYS HLDGS INC | 0.3% | $10.6m | 506,844 | 0% | held | |
| 28 | GOOG ALPHABET INC | Communication Services | 0.2% | $8.9m | 25,200 | -29% | reduced |
| 29 | BILL BILL HOLDINGS INC | Technology | 0.2% | $7.2m | 200,000 | -50% | reduced |
| 30 | SKYW SKYWEST INC | Industrials | 0.1% | $5.5m | 54,881 | -85% | reduced |
| 31 | COPA HOLDINGS SA | 0.1% | $3.1m | 20,115 | -87% | reduced | |
| 32 | CARS CARS COM INC | Communication Services | 0.1% | $2.7m | 246,299 | 0% | held |
| 33 | HTZ HERTZ GLOBAL HLDGS INC | Industrials | 0.1% | $2.1m | 911,001 | -35% | reduced |
| 34 | FLEX FLEX LTD | Technology | 0.0% | $1.6m | 9,910 | – | new |
| 35 | ZM ZOOM COMMUNICATIONS INC | Technology | 0.0% | $1.5m | 17,000 | 183% | added |
| 36 | CFG CITIZENS FINL GROUP INC | Financial Services | 0.0% | $1.4m | 20,000 | 25% | added |
| 37 | C CITIGROUP INC | Financial Services | 0.0% | $1.4m | 10,000 | 0% | held |
| 38 | CART MAPLEBEAR INC | Consumer Cyclical | 0.0% | $962.9k | 20,336 | 0% | held |
| 39 | EBAY EBAY INC. | Consumer Cyclical | 0.0% | $894.0k | 8,000 | – | new |
| 40 | TCOM TRIP COM GROUP LTD | Consumer Cyclical | 0.0% | $538.8k | 13,523 | 0% | held |
| 41 | TFC TRUIST FINL CORP | Financial Services | 0.0% | $498.2k | 10,000 | -33% | reduced |
| 42 | CARG CARGURUS INC | Communication Services | 0.0% | $353.7k | 10,376 | 0% | held |
| 43 | AFRM AFFIRM HLDGS INC | Financial Services | 0.0% | $326.2k | 4,000 | – | new |
| 44 | PNC PNC FINL SVCS GROUP INC | Financial Services | 0.0% | $246.2k | 1,000 | – | new |
| 45 | NXT NEXTPOWER INC | Technology | 0.0% | $205.6k | 1,726 | 0% | held |
What did Par Capital Management INC sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| CAR AVIS BUDGET GROUP INC | 35.1% | $29.2m |
| SNCY SUN CTRY AIRLS HLDGS INC | 29.2% | $24.2m |
| GBTG GLOBAL BUSINESS TRAVEL GROUP | 11.3% | $9.4m |
| LTM LATAM AIRLINES GROUP SA | 9.8% | $8.2m |
| ULCC FRONTIER GROUP HLDGS INC | 9.1% | $7.5m |
| WED WEBSTER FINL CORP | 4.2% | $3.5m |
| PINS PINTEREST INC | 0.7% | $583.7k |
| SNAP SNAP INC | 0.6% | $509.2k |
Sector mix
| Sector | Weight |
|---|---|
| Industrials | 38.7% |
| Consumer Cyclical | 25.4% |
| Financial Services | 16.5% |
| Technology | 16.3% |
| Communication Services | 1.7% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Par Capital Management INC's portfolio?
Across every quarter Par Capital Management INC has filed, its median largest position is 16.6% of the book and its median top-ten weight is 83.6%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 8.0 completed holding spells, the median lasted 1.0 quarters; 45.0 positions are still open and their final length is unknown.