PAR CAPITAL MANAGEMENT INC — 13F Holdings & Portfolio
CIK 1051359 · latest 13F-HR filed 2026-05-15
PAR CAPITAL MANAGEMENT INC manages $3.45B in 13F-reported U.S. long-equity assets across 48 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SYF (15.00%), UAL (13.33%), EXPE (13.06%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 6 new positions, exited 9, added to 9, and trimmed 24.
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.
$3.45B
Long-equity book
48
Distinct positions
2026-03-31
Filed 2026-05-15
+6 / −9 / ↑9 / ↓24
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- UBER TECHNOLOGIES INC$187.5M +230.6%
- BOOKING HOLDINGS INC$48.1M +36.7%
- VISA INC$23.8M +6529.2%
- ALLEGIANT TRAVEL CO$15.4M +28.9%
- TRIPADVISOR INC$11.7M +36.7%
Top Trims
- SYNCHRONY FINANCIAL-$107.9M -17.3%
- EXPEDIA GROUP INC-$101.3M -18.3%
- UNITED AIRLS HLDGS INC-$87.3M -15.9%
- SCHWAB CHARLES CORP-$67.3M -73.9%
- WEBSTER FINL CORP-$44.1M -92.7%
New Positions
- CITIZENS FINL GROUP INC$959.5K
- MAPLEBEAR INC$761.8K
- TRUIST FINL CORP$689.5K
- PINTEREST INC$583.7K
- SNAP INC$509.2K
Exited Positions
- GRUPO AEROMEXICO SAB DE CV$30.4M
- AMAZON COM INC$1.5M
- BANK AMERICA CORP$1.0M
- DOORDASH INC$792.7K
- TESLA INC$764.5K
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 | SYNCHRONY FINANCIAL | SYF | 87165B103 | $517.8M | 15.00% | 7,612,137 | SH |
| 2 | UNITED AIRLS HLDGS INC | UAL | 910047109 | $460.1M | 13.33% | 4,996,850 | SH |
| 3 | EXPEDIA GROUP INC | EXPE | 30212P303 | $450.7M | 13.06% | 1,952,120 | SH |
| 4 | WEX INC | WEX | 96208T104 | $345.1M | 10.00% | 2,254,984 | SH |
| 5 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $268.8M | 7.79% | 3,736,973 | SH |
| 6 | DELTA AIR LINES INC | DAL | 247361702 | $233.6M | 6.77% | 3,514,445 | SH |
| 7 | SOUTHWEST AIRLS CO | LUV | 844741108 | $196.1M | 5.68% | 5,219,192 | SH |
| 8 | BOOKING HOLDINGS INC | BKNG | 09857L108 | $179.2M | 5.19% | 42,573 | SH |
| 9 | CARVANA CO | CVNA | 146869102 | $109.4M | 3.17% | 347,872 | SH |
| 10 | AIRBNB INC | ABNB | 009066101 | $94.4M | 2.73% | 747,500 | SH |
| 11 | ALLEGIANT TRAVEL CO | ALGT | 01748X102 | $68.6M | 1.99% | 846,191 | SH |
| 12 | ALASKA AIR GROUP INC | ALK | 011659109 | $58.2M | 1.69% | 1,581,500 | SH |
| 13 | HYATT HOTELS CORP | H | 448579102 | $48.7M | 1.41% | 338,500 | SH |
| 14 | TRIPADVISOR INC | TRIP | 896945201 | $43.4M | 1.26% | 4,072,054 | SH |
| 15 | LYFT INC | LYFT | 55087P104 | $41.6M | 1.21% | 3,130,000 | SH |
| 16 | SKYWEST INC | SKYW | 830879102 | $32.9M | 0.95% | 357,923 | SH |
| 17 | MARRIOTT INTL INC NEW | MAR | 571903202 | $29.4M | 0.85% | 90,000 | SH |
| 18 | AVIS BUDGET GROUP INC | CAR | 053774105 | $29.2M | 0.85% | 200,000 | SH |
| 19 | SUN CTRY AIRLS HLDGS INC | SNCY | 866683105 | $24.2M | 0.70% | 1,467,800 | SH |
| 20 | VISA INC | V | 92826C839 | $24.2M | 0.70% | 80,000 | SH |
| 21 | SCHWAB CHARLES CORP | SCHW | 808513105 | $23.8M | 0.69% | 253,300 | SH |
| 22 | RYANAIR HOLDINGS PLC | RYAAY | 783513203 | $19.9M | 0.58% | 345,000 | SH |
| 23 | JETBLUE AIRWAYS CORP | JBLU | 477143101 | $19.7M | 0.57% | 4,457,425 | SH |
| 24 | COPA HOLDINGS SA | CPA | P31076105 | $17.9M | 0.52% | 157,197 | SH |
| 25 | BILL HOLDINGS INC | BILL | 090043100 | $15.3M | 0.44% | 400,000 | SH |
| 26 | AMERICAN AIRLINES GROUP INC | AAL | 02376R102 | $13.4M | 0.39% | 1,250,000 | SH |
| 27 | TRIVAGO N V | TRVG | 89686D303 | $11.4M | 0.33% | 4,193,114 | SH |
| 28 | ALPHABET INC | GOOG | 02079K107 | $10.2M | 0.30% | 35,600 | SH |
| 29 | ALPHABET INC Put | GOOG | 02079K107 | $9.6M | 0.28% | 33,600 | SH |
| 30 | GLOBAL BUSINESS TRAVEL GROUP | GBTG | 37890B100 | $9.4M | 0.27% | 1,686,634 | SH |
| 31 | REPUBLIC AWYS HLDGS INC | RJET | 590479408 | $9.1M | 0.26% | 506,844 | SH |
| 32 | LATAM AIRLINES GROUP SA | LTM | 51817R205 | $8.2M | 0.24% | 165,000 | SH |
| 33 | FRONTIER GROUP HLDGS INC | ULCC | 35909R108 | $7.5M | 0.22% | 2,131,100 | SH |
| 34 | HERTZ GLOBAL HLDGS INC | HTZ | 42806J700 | $6.5M | 0.19% | 1,400,000 | SH |
| 35 | WEBSTER FINL CORP | WBS | 947890109 | $3.5M | 0.10% | 50,000 | SH |
| 36 | CARS COM INC | CARS | 14575E105 | $2.0M | 0.06% | 246,299 | SH |
| 37 | DELTA AIR LINES INC Put | DAL | 247361702 | $1.2M | 0.03% | 18,000 | SH |
| 38 | CITIGROUP INC | C | 172967424 | $1.1M | 0.03% | 10,000 | SH |
| 39 | CITIGROUP INC Put | C | 172967424 | $1.1M | 0.03% | 10,000 | SH |
| 40 | CITIZENS FINL GROUP INC | CFG | 174610105 | $959.5K | 0.03% | 16,000 | SH |
| 41 | MAPLEBEAR INC | CART | 565394103 | $761.8K | 0.02% | 20,336 | SH |
| 42 | TRUIST FINL CORP | TFC | 89832Q109 | $689.5K | 0.02% | 15,000 | SH |
| 43 | TRIP COM GROUP LTD | TCOM | 89677Q107 | $673.3K | 0.02% | 13,523 | SH |
| 44 | PINTEREST INC | PINS | 72352L106 | $583.7K | 0.02% | 31,825 | SH |
| 45 | SNAP INC | SNAP | 83304A106 | $509.2K | 0.01% | 110,693 | SH |
| 46 | ZOOM COMMUNICATIONS INC | ZM | 98980L101 | $482.3K | 0.01% | 6,000 | SH |
| 47 | CARGURUS INC | CARG | 141788109 | $353.3K | 0.01% | 10,376 | SH |
| 48 | NEXTPOWER INC | NXT | 65290E101 | $208.1K | 0.01% | 1,726 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |