Par Capital Management Inc 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Par Capital Management Inc disclosed 53 US equity positions worth $3.1bn in its Q2 2025 13F filing. The largest position was SYF at 16.4% of the reported book, followed by EXPE and UAL. Against the Q1 2025 filing, it opened 8 new positions, added to 20 and reduced 6 among the top 50 holdings.
What did Par Capital Management Inc own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SYF SYNCHRONY FINANCIAL | Financial Services | 16.4% | $500.6m | 7,500,000 | 0% | held |
| 2 | EXPE EXPEDIA GROUP INC | Consumer Cyclical | 13.2% | $402.8m | 2,387,750 | 0% | held |
| 3 | UAL UNITED AIRLS HLDGS INC | Industrials | 12.9% | $395.7m | 4,968,850 | 3% | added |
| 4 | WEX WEX INC | Technology | 8.9% | $271.9m | 1,851,100 | 0% | held |
| 5 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 7.2% | $219.0m | 37,826 | 0% | held |
| 6 | LUV SOUTHWEST AIRLS CO | Industrials | 6.3% | $192.0m | 5,917,492 | 0% | held |
| 7 | DAL DELTA AIR LINES INC DEL | Industrials | 5.7% | $175.3m | 3,564,000 | 0% | held |
| 8 | CVNA CARVANA CO | Consumer Cyclical | 5.2% | $157.4m | 467,172 | 24% | added |
| 9 | SCHW SCHWAB CHARLES CORP | Financial Services | 2.7% | $82.9m | 909,000 | 0% | held |
| 10 | SABR SABRE CORP | Technology | 2.0% | $61.1m | 19,350,000 | 58% | added |
| 11 | ALK ALASKA AIR GROUP INC | Industrials | 1.8% | $55.4m | 1,119,302 | 4% | added |
| 12 | CAR AVIS BUDGET GROUP | Industrials | 1.8% | $54.1m | 320,000 | -57% | reduced |
| 13 | H HYATT HOTELS CORP | Consumer Cyclical | 1.7% | $51.8m | 371,261 | 552% | added |
| 14 | WED WEBSTER FINL CORP | 1.3% | $41.0m | 750,000 | 7% | added | |
| 15 | TRIP TRIPADVISOR INC | Consumer Cyclical | 1.2% | $37.8m | 2,896,475 | 0% | held |
| 16 | SKYW SKYWEST INC | Industrials | 1.2% | $37.4m | 363,451 | 0% | held |
| 17 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 1.2% | $37.2m | 136,100 | 72% | added |
| 18 | AVDX AVIDXCHANGE HOLDINGS INC | 1.1% | $32.3m | 3,300,000 | 0% | held | |
| 19 | ALGT ALLEGIANT TRAVEL CO | Industrials | 1.1% | $32.1m | 584,996 | 11% | added |
| 20 | LYFT LYFT INC | Technology | 1.0% | $30.0m | 1,905,000 | 21% | added |
| 21 | JBLU JETBLUE AWYS CORP | Industrials | 0.8% | $23.2m | 5,487,425 | 105% | added |
| 22 | SNCY SUN CTRY AIRLS HLDGS INC | 0.8% | $23.0m | 1,959,372 | 0% | held | |
| 23 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 0.7% | $19.9m | 345,000 | -3% | reduced |
| 24 | HTZ HERTZ GLOBAL HLDGS INC | Industrials | 0.5% | $15.6m | 2,291,357 | 129% | added |
| 25 | CARS CARS COM INC | Communication Services | 0.5% | $14.2m | 1,200,000 | – | new |
| 26 | AAL AMERICAN AIRLS GROUP INC | Industrials | 0.5% | $14.0m | 1,250,000 | – | new |
| 27 | TRIVAGO N V | 0.4% | $13.5m | 3,576,869 | 0% | held | |
| 28 | CARG CARGURUS INC | Communication Services | 0.4% | $11.3m | 336,791 | -88% | reduced |
| 29 | ULCC FRONTIER GROUP HLDGS INC | Industrials | 0.3% | $7.9m | 2,181,100 | 1% | added |
| 30 | LTM LATAM AIRLINES GROUP SA | Industrials | 0.2% | $6.7m | 165,000 | -65% | reduced |
| 31 | GBTG GLOBAL BUSINESS TRAVEL GROUP | 0.2% | $6.5m | 1,024,014 | 37% | added | |
| 32 | GOOG ALPHABET INC | Communication Services | 0.2% | $6.2m | 34,900 | 59% | added |
| 33 | COPA HOLDINGS SA | 0.2% | $5.8m | 53,000 | – | new | |
| 34 | CART MAPLEBEAR INC | Consumer Cyclical | 0.1% | $4.1m | 91,500 | 6% | added |
| 35 | BNY BANK NEW YORK MELLON CORP | Financial Services | 0.1% | $2.4m | 26,364 | – | new |
| 36 | WH WYNDHAM HOTELS & RESORTS INC | Consumer Cyclical | 0.1% | $2.2m | 27,000 | 0% | held |
| 37 | MESA AIR GROUP INC | 0.1% | $2.1m | 2,248,190 | – | new | |
| 38 | AMZN AMAZON COM INC | Consumer Cyclical | 0.0% | $1.4m | 6,300 | 142% | added |
| 39 | V VISA INC | Financial Services | 0.0% | $1.0m | 2,840 | 33% | added |
| 40 | SOFI SOFI TECHNOLOGIES INC | Financial Services | 0.0% | $1.0m | 55,000 | – | new |
| 41 | DASH DOORDASH INC | Consumer Cyclical | 0.0% | $986.0k | 4,000 | 0% | held |
| 42 | C CITIGROUP INC | Financial Services | 0.0% | $851.2k | 10,000 | 0% | held |
| 43 | GRAB HOLDINGS LIMITED | 0.0% | $809.8k | 161,000 | 38% | added | |
| 44 | BAC BANK AMERICA CORP | Financial Services | 0.0% | $790.2k | 16,700 | 9% | added |
| 45 | PINS PINTEREST INC | Communication Services | 0.0% | $537.9k | 15,000 | – | new |
| 46 | MA MASTERCARD INCORPORATED | Financial Services | 0.0% | $505.7k | 900 | 80% | added |
| 47 | FLEX FLEX LTD | Technology | 0.0% | $494.7k | 9,910 | 0% | held |
| 48 | META META PLATFORMS INC | Communication Services | 0.0% | $487.1k | 660 | -52% | reduced |
| 49 | W WAYFAIR INC | Consumer Cyclical | 0.0% | $460.3k | 9,000 | – | new |
| 50 | SEIC SEI INVTS CO | Financial Services | 0.0% | $314.5k | 3,500 | -53% | 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.