Par Capital Management Inc 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Par Capital Management Inc disclosed 46 US equity positions worth $3.0bn in its Q1 2025 13F filing. The largest position was EXPE at 13.5% of the reported book, followed by SYF and UAL. Against the Q4 2024 filing, it opened 4 new positions, added to 22 and reduced 6 among the top 46 holdings.
What did Par Capital Management Inc own in Q1 2025? Top 46 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | EXPE EXPEDIA GROUP INC | Consumer Cyclical | 13.5% | $401.4m | 2,387,750 | 1% | added |
| 2 | SYF SYNCHRONY FINANCIAL | Financial Services | 13.3% | $397.1m | 7,500,000 | 1% | added |
| 3 | UAL UNITED AIRLS HLDGS INC | Industrials | 11.2% | $334.3m | 4,841,050 | 0% | held |
| 4 | UBER UBER TECHNOLOGIES INC | Technology | 11.1% | $330.0m | 4,529,829 | 17% | added |
| 5 | WEX WEX INC | Technology | 9.7% | $290.6m | 1,850,500 | 0% | held |
| 6 | LUV SOUTHWEST AIRLS CO | Industrials | 6.7% | $198.7m | 5,916,492 | 246% | added |
| 7 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 5.8% | $173.8m | 37,731 | -0% | held |
| 8 | DAL DELTA AIR LINES INC DEL | Industrials | 5.2% | $155.4m | 3,564,000 | -20% | reduced |
| 9 | CARG CARGURUS INC | Communication Services | 2.7% | $81.9m | 2,810,956 | 5% | added |
| 10 | CVNA CARVANA CO | Consumer Cyclical | 2.6% | $78.9m | 377,200 | 24% | added |
| 11 | SCHW SCHWAB CHARLES CORP | Financial Services | 2.4% | $70.8m | 905,000 | 0% | held |
| 12 | CAR AVIS BUDGET GROUP | Industrials | 1.9% | $57.1m | 751,770 | 0% | held |
| 13 | ALK ALASKA AIR GROUP INC | Industrials | 1.8% | $52.9m | 1,075,576 | 26% | added |
| 14 | TRIP TRIPADVISOR INC | Consumer Cyclical | 1.4% | $41.0m | 2,896,475 | 29% | added |
| 15 | WED WEBSTER FINL CORP | 1.2% | $36.1m | 700,000 | 0% | held | |
| 16 | SABR SABRE CORP | Technology | 1.2% | $34.5m | 12,267,052 | 13% | added |
| 17 | SKYW SKYWEST INC | Industrials | 1.1% | $31.8m | 363,451 | 51% | added |
| 18 | AVDX AVIDXCHANGE HOLDINGS INC | 0.9% | $28.0m | 3,300,000 | 10% | added | |
| 19 | ALGT ALLEGIANT TRAVEL CO | Industrials | 0.9% | $27.2m | 526,430 | -2% | reduced |
| 20 | SNCY SUN CTRY AIRLS HLDGS INC | 0.8% | $24.1m | 1,959,372 | -13% | reduced | |
| 21 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 0.6% | $18.8m | 79,100 | 0% | held |
| 22 | LYFT LYFT INC | Technology | 0.6% | $18.7m | 1,575,000 | 1160% | added |
| 23 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 0.5% | $15.1m | 356,000 | 3% | added |
| 24 | TRIVAGO N V | 0.5% | $14.6m | 3,567,969 | 1% | added | |
| 25 | LTM LATAM AIRLINES GROUP SA | Industrials | 0.5% | $14.6m | 467,500 | 0% | held |
| 26 | JBLU JETBLUE AWYS CORP | Industrials | 0.4% | $12.9m | 2,672,555 | 0% | held |
| 27 | ULCC FRONTIER GROUP HLDGS INC | Industrials | 0.3% | $9.4m | 2,156,100 | 23% | added |
| 28 | H HYATT HOTELS CORP | Consumer Cyclical | 0.2% | $7.0m | 56,961 | 0% | held |
| 29 | GBTG GLOBAL BUSINESS TRAVEL GROUP | 0.2% | $5.4m | 746,730 | 0% | held | |
| 30 | HTZ HERTZ GLOBAL HLDGS INC | Industrials | 0.1% | $3.9m | 1,000,571 | 0% | held |
| 31 | CART MAPLEBEAR INC | Consumer Cyclical | 0.1% | $3.5m | 86,500 | 2% | added |
| 32 | GOOG ALPHABET INC | Communication Services | 0.1% | $3.4m | 21,900 | 1% | added |
| 33 | WH WYNDHAM HOTELS & RESORTS INC | Consumer Cyclical | 0.1% | $2.4m | 27,000 | 0% | held |
| 34 | META META PLATFORMS INC | Communication Services | 0.0% | $789.6k | 1,370 | 5% | added |
| 35 | V VISA INC | Financial Services | 0.0% | $750.0k | 2,140 | 234% | added |
| 36 | DASH DOORDASH INC | Consumer Cyclical | 0.0% | $731.1k | 4,000 | -11% | reduced |
| 37 | C CITIGROUP INC | Financial Services | 0.0% | $709.9k | 10,000 | 39% | added |
| 38 | BAC BANK AMERICA CORP | Financial Services | 0.0% | $638.5k | 15,300 | – | new |
| 39 | SEIC SEI INVTS CO | Financial Services | 0.0% | $582.2k | 7,500 | 0% | held |
| 40 | CCL CARNIVAL CORP | Consumer Cyclical | 0.0% | $531.2k | 27,200 | 16% | added |
| 41 | GRAB HOLDINGS LIMITED | 0.0% | $530.0k | 117,000 | -3% | reduced | |
| 42 | AMZN AMAZON COM INC | Consumer Cyclical | 0.0% | $494.7k | 2,600 | – | new |
| 43 | FLEX FLEX LTD | Technology | 0.0% | $327.8k | 9,910 | – | new |
| 44 | MA MASTERCARD INCORPORATED | Financial Services | 0.0% | $274.1k | 500 | 25% | added |
| 45 | HLT HILTON WORLDWIDE HLDGS INC | Consumer Cyclical | 0.0% | $216.2k | 950 | – | new |
| 46 | EB4 EVENTBRITE INC | 0.0% | $111.8k | 53,000 | -9% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.