PAR CAPITAL MANAGEMENT INC — 13F Holdings & Portfolio
CIK 1051359 · latest 13F-HR filed 2026-08-14
PAR CAPITAL MANAGEMENT INC manages $4.03B in 13F-reported U.S. long-equity assets across 48 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are UAL (18.07%), SYF (14.35%), EXPE (12.03%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 8 new positions, exited 8, added to 22, and trimmed 11.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
FL 48
BOSTON, MA 02116
$4.03B
Long-equity book
48
Distinct positions
2026-06-30
Filed 2026-08-14
+8 / −8 / ↑22 / ↓11
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- UNITED AIRLS HLDGS INC$268.8M +58.4%
- DELTA AIR LINES INC$92.6M +39.6%
- SYNCHRONY FINANCIAL$61.1M +11.8%
- SOUTHWEST AIRLS CO$56.2M +28.6%
- UBER TECHNOLOGIES INC$35.5M +13.2%
Top Trims
- SKYWEST INC-$27.4M -83.4%
- WEX INC-$26.9M -7.8%
- LYFT INC-$18.2M -43.7%
- COPA HOLDINGS SA-$14.7M -82.5%
- MARRIOTT INTL INC NEW-$14.6M -49.6%
New Positions
- META PLATFORMS INC$31.0M
- ZILLOW GROUP INC$25.9M
- GRUPO AEROMEXICO SAB DE CV$21.4M
- MASTERCARD INCORPORATED$15.4M
- FLEX LTD$1.6M
Exited Positions
- AVIS BUDGET GROUP INC$29.2M
- SUN CTRY AIRLS HLDGS INC$24.2M
- GLOBAL BUSINESS TRAVEL GROUP$9.4M
- LATAM AIRLINES GROUP SA$8.2M
- FRONTIER GROUP HLDGS INC$7.5M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | UNITED AIRLS HLDGS INC | UAL | 910047109 | $728.9M | 18.07% | 5,359,741 | SH |
| 2 | SYNCHRONY FINANCIAL | SYF | 87165B103 | $578.9M | 14.35% | 7,612,137 | SH |
| 3 | EXPEDIA GROUP INC | EXPE | 30212P303 | $485.1M | 12.03% | 1,895,847 | SH |
| 4 | DELTA AIR LINES INC | DAL | 247361702 | $326.2M | 8.09% | 3,482,745 | SH |
| 5 | WEX INC | WEX | 96208T104 | $318.2M | 7.89% | 2,254,984 | SH |
| 6 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $304.3M | 7.54% | 4,217,700 | SH |
| 7 | SOUTHWEST AIRLS CO | LUV | 844741108 | $252.3M | 6.25% | 4,905,756 | SH |
| 8 | BOOKING HOLDINGS INC | BKNG | 09857L108 | $176.8M | 4.38% | 992,100 | SH |
| 9 | CARVANA CO | CVNA | 146869102 | $114.5M | 2.84% | 1,739,360 | SH |
| 10 | AIRBNB INC | ABNB | 009066101 | $107.3M | 2.66% | 750,000 | SH |
| 11 | ALLEGIANT TRAVEL CO | ALGT | 01748X102 | $99.3M | 2.46% | 844,632 | SH |
| 12 | ALASKA AIR GROUP INC | ALK | 011659109 | $82.5M | 2.04% | 1,579,636 | SH |
| 13 | HYATT HOTELS CORP | H | 448579102 | $65.6M | 1.63% | 338,500 | SH |
| 14 | TRIPADVISOR INC | TRIP | 896945201 | $55.8M | 1.38% | 4,072,054 | SH |
| 15 | VISA INC | V | 92826C839 | $43.8M | 1.09% | 127,600 | SH |
| 16 | META PLATFORMS INC | META | 30303M102 | $31.0M | 0.77% | 54,983 | SH |
| 17 | ZILLOW GROUP INC | Z | 98954M200 | $25.9M | 0.64% | 823,000 | SH |
| 18 | TRIVAGO N V | TRVG | 89686D303 | $23.5M | 0.58% | 4,292,733 | SH |
| 19 | LYFT INC | LYFT | 55087P104 | $23.4M | 0.58% | 1,605,000 | SH |
| 20 | JETBLUE AIRWAYS CORP | JBLU | 477143101 | $22.9M | 0.57% | 4,000,000 | SH |
| 21 | SCHWAB CHARLES CORP | SCHW | 808513105 | $22.6M | 0.56% | 245,000 | SH |
| 22 | RYANAIR HOLDINGS PLC | RYAAY | 783513203 | $22.0M | 0.55% | 340,000 | SH |
| 23 | GRUPO AEROMEXICO SAB DE CV | AERO | 40054J109 | $21.4M | 0.53% | 1,189,824 | SH |
| 24 | AMERICAN AIRLINES GROUP INC | AAL | 02376R102 | $18.1M | 0.45% | 1,000,000 | SH |
| 25 | MASTERCARD INCORPORATED | MA | 57636Q104 | $15.4M | 0.38% | 30,000 | SH |
| 26 | MARRIOTT INTL INC NEW | MAR | 571903202 | $14.8M | 0.37% | 40,000 | SH |
| 27 | REPUBLIC AWYS HLDGS INC | RJET | 590479408 | $10.6M | 0.26% | 506,844 | SH |
| 28 | ALPHABET INC | GOOG | 02079K107 | $8.9M | 0.22% | 25,200 | SH |
| 29 | BILL HOLDINGS INC | BILL | 090043100 | $7.2M | 0.18% | 200,000 | SH |
| 30 | SKYWEST INC | SKYW | 830879102 | $5.5M | 0.14% | 54,881 | SH |
| 31 | COPA HOLDINGS SA | CPA | P31076105 | $3.1M | 0.08% | 20,115 | SH |
| 32 | CARS COM INC | CARS | 14575E105 | $2.7M | 0.07% | 246,299 | SH |
| 33 | HERTZ GLOBAL HLDGS INC | HTZ | 42806J700 | $2.1M | 0.05% | 911,001 | SH |
| 34 | FLEX LTD | FLEX | Y2573F102 | $1.6M | 0.04% | 9,910 | SH |
| 35 | ZOOM COMMUNICATIONS INC | ZM | 98980L101 | $1.5M | 0.04% | 17,000 | SH |
| 36 | CITIZENS FINL GROUP INC | CFG | 174610105 | $1.4M | 0.03% | 20,000 | SH |
| 37 | CITIGROUP INC | C | 172967424 | $1.4M | 0.03% | 10,000 | SH |
| 38 | CITIGROUP INC Put | C | 172967424 | $1.4M | 0.03% | 10,000 | SH |
| 39 | DELTA AIR LINES INC Put | DAL | 247361702 | $983.4K | 0.02% | 10,500 | SH |
| 40 | MAPLEBEAR INC | CART | 565394103 | $962.9K | 0.02% | 20,336 | SH |
| 41 | EBAY INC. | EBAY | 278642103 | $894.0K | 0.02% | 8,000 | SH |
| 42 | ALPHABET INC Put | GOOG | 02079K107 | $883.3K | 0.02% | 2,500 | SH |
| 43 | TRIP COM GROUP LTD | TCOM | 89677Q107 | $538.8K | 0.01% | 13,523 | SH |
| 44 | TRUIST FINL CORP | TFC | 89832Q109 | $498.2K | 0.01% | 10,000 | SH |
| 45 | CARGURUS INC | CARG | 141788109 | $353.7K | 0.01% | 10,376 | SH |
| 46 | AFFIRM HLDGS INC | AFRM | 00827B106 | $326.2K | 0.01% | 4,000 | SH |
| 47 | PNC FINL SVCS GROUP INC | PNC | 693475105 | $246.2K | 0.01% | 1,000 | SH |
| 48 | NEXTPOWER INC | NXT | 65290E101 | $205.6K | 0.01% | 1,726 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $4.03B | 48 | 0001051359-26-000008 |
| 2026-03-31 | 2026-05-15 | $3.45B | 48 | 0001051359-26-000005 |
| 2025-12-31 | 2026-02-17 | $3.78B | 53 | 0001051359-26-000003 |
| 2025-09-30 | 2025-11-14 | $3.42B | 65 | 0001051359-25-000011 |