Par Capital Management Inc
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$3.45B
Q ending 2026-03-31
Prior quarter
$3.78B
Q ending 2025-12-31
Change
-8.8% QoQ · +15.4% YoY
Positions
48
reported holdings
Largest positions
All 48 reported positions, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| Synchrony Financial | SYF | Shares | $517.8M | 7.6M |
| United Airls Hldgs Inc | UAL | Shares | $460.1M | 5.0M |
| Expedia Group Inc | EXPE | Shares | $450.7M | 2.0M |
| Wex Inc | WEX | Shares | $345.1M | 2.3M |
| Uber Technologies Inc | UBER | Shares | $268.8M | 3.7M |
| Delta Air Lines Inc | DAL | Shares | $233.6M | 3.5M |
| Southwest Airls Co | LUV | Shares | $196.1M | 5.2M |
| Booking Holdings Inc | BKNG | Shares | $179.2M | 43K |
| Carvana Co | CVNA | Shares | $109.4M | 348K |
| Airbnb Inc | ABNB | Shares | $94.4M | 748K |
| Allegiant Travel Co | ALGT | Shares | $68.6M | 846K |
| Alaska Air Group Inc | ALK | Shares | $58.2M | 1.6M |
| Hyatt Hotels Corp | H | Shares | $48.7M | 339K |
| Tripadvisor Inc | TRIP | Shares | $43.4M | 4.1M |
| Lyft Inc | LYFT | Shares | $41.6M | 3.1M |
| Skywest Inc | SKYW | Shares | $32.9M | 358K |
| Marriott Intl Inc New | MAR | Shares | $29.4M | 90K |
| Avis Budget Group Inc | CAR | Shares | $29.2M | 200K |
| Sun Ctry Airls Hldgs Inc | SNCY | Shares | $24.2M | 1.5M |
| Visa Inc | V | Shares | $24.2M | 80K |
| Schwab Charles Corp | SCHW | Shares | $23.8M | 253K |
| Ryanair Holdings Plc | RYAAY | Shares | $19.9M | 345K |
| Jetblue Airways Corp | JBLU | Shares | $19.7M | 4.5M |
| Copa Holdings Sa | Shares | $17.9M | 157K | |
| Bill Holdings Inc | BILL | Shares | $15.3M | 400K |
| American Airlines Group Inc | AAL | Shares | $13.4M | 1.3M |
| Trivago N V | TRVG | Shares | $11.4M | 4.2M |
| Alphabet Inc | GOOG | Shares | $10.2M | 36K |
| Alphabet Inc | GOOG | Put | $9.6M | 34K |
| Global Business Travel Group | GBTG | Shares | $9.4M | 1.7M |
| Republic Awys Hldgs Inc | RJET | Shares | $9.1M | 507K |
| Latam Airlines Group Sa | LTM | Shares | $8.2M | 165K |
| Frontier Group Hldgs Inc | ULCC | Shares | $7.5M | 2.1M |
| Hertz Global Hldgs Inc | HTZ | Shares | $6.5M | 1.4M |
| Webster Finl Corp | WBS | Shares | $3.5M | 50K |
| Cars Com Inc | CARS | Shares | $2.0M | 246K |
| Delta Air Lines Inc | DAL | Put | $1.2M | 18K |
| Citigroup Inc | C | Shares | $1.1M | 10K |
| Citigroup Inc | C | Put | $1.1M | 10K |
| Citizens Finl Group Inc | CFG | Shares | $960K | 16K |
| Maplebear Inc | CART | Shares | $762K | 20K |
| Truist Finl Corp | TFC | Shares | $690K | 15K |
| Trip Com Group Ltd | TCOM | Shares | $673K | 14K |
| Pinterest Inc | PINS | Shares | $584K | 32K |
| Snap Inc | SNAP | Shares | $509K | 111K |
| Zoom Communications Inc | ZM | Shares | $482K | 6K |
| Cargurus Inc | CARG | Shares | $353K | 10K |
| Nextpower Inc | NXT | Shares | $208K | 2K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.