13F HOLDINGS REPORT
PAR CAPITAL MANAGEMENT INC
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001051359-25-000009
Total Value
$3.07B
Positions
57
Other Managers
0
Confidential Omitted
No
Holdings (57)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SYNCHRONY FINANCIAL | SYF-PB | 7,500,000 | $500.6M | 16.30% |
| 2 | EXPEDIA GROUP INC | EXPE | 2,387,750 | $402.8M | 13.12% |
| 3 | UNITED AIRLS HLDGS INC | UNTCW | 4,968,850 | $395.7M | 12.88% |
| 4 | WEX INC | WEX | 1,851,100 | $271.9M | 8.85% |
| 5 | BOOKING HOLDINGS INC | BKNG | 37,826 | $219.0M | 7.13% |
| 6 | SOUTHWEST AIRLS CO | 844741108 | 5,917,492 | $192.0M | 6.25% |
| 7 | DELTA AIR LINES INC DEL | DAL | 3,564,000 | $175.3M | 5.71% |
| 8 | CARVANA CO | CVNA | 467,172 | $157.4M | 5.13% |
| 9 | SCHWAB CHARLES CORP | SCHW-PJ | 909,000 | $82.9M | 2.70% |
| 10 | SABRE CORP | SABR | 19,350,000 | $61.1M | 1.99% |
| 11 | ALASKA AIR GROUP INC | ALK | 1,119,302 | $55.4M | 1.80% |
| 12 | AVIS BUDGET GROUP | CAR | 320,000 | $54.1M | 1.76% |
| 13 | HYATT HOTELS CORP | H | 371,261 | $51.8M | 1.69% |
| 14 | WEBSTER FINL CORP | 947890109 | 750,000 | $41.0M | 1.33% |
| 15 | TRIPADVISOR INC | TRIP | 2,896,475 | $37.8M | 1.23% |
| 16 | SKYWEST INC | SKYW | 363,451 | $37.4M | 1.22% |
| 17 | MARRIOTT INTL INC NEW | 571903202 | 136,100 | $37.2M | 1.21% |
| 18 | AVIDXCHANGE HOLDINGS INC | 05368X102 | 3,300,000 | $32.3M | 1.05% |
| 19 | ALLEGIANT TRAVEL CO | ALGT | 584,996 | $32.1M | 1.05% |
| 20 | LYFT INC | LYFT | 1,905,000 | $30.0M | 0.98% |
| 21 | JETBLUE AWYS CORP | 477143101 | 5,487,425 | $23.2M | 0.76% |
| 22 | SUN CTRY AIRLS HLDGS INC | 866683105 | 1,959,372 | $23.0M | 0.75% |
| 23 | RYANAIR HOLDINGS PLC | RYAOF | 345,000 | $19.9M | 0.65% |
| 24 | HERTZ GLOBAL HLDGS INC | HTZWW | 2,291,357 | $15.6M | 0.51% |
| 25 | CARS COM INC | CARS | 1,200,000 | $14.2M | 0.46% |
| 26 | AMERICAN AIRLS GROUP INC | 02376R102 | 1,250,000 | $14.0M | 0.46% |
| 27 | TRIVAGO N V | TRVG | 3,576,869 | $13.5M | 0.44% |
| 28 | UNITED AIRLS HLDGS INC | UNTCW | 149,000 | $11.9M | 0.39% |
| 29 | CARGURUS INC | CARG | 336,791 | $11.3M | 0.37% |
| 30 | FRONTIER GROUP HLDGS INC | ULCC | 2,181,100 | $7.9M | 0.26% |
| 31 | LATAM AIRLINES GROUP SA | LTM | 165,000 | $6.7M | 0.22% |
| 32 | GLOBAL BUSINESS TRAVEL GROUP | GBTG | 1,024,014 | $6.5M | 0.21% |
| 33 | ALPHABET INC | GOOG | 34,900 | $6.2M | 0.20% |
| 34 | COPA HOLDINGS SA | CPA | 53,000 | $5.8M | 0.19% |
| 35 | MAPLEBEAR INC | CART | 91,500 | $4.1M | 0.13% |
| 36 | BANK NEW YORK MELLON CORP | 064058100 | 26,364 | $2.4M | 0.08% |
| 37 | WYNDHAM HOTELS & RESORTS INC | WH | 27,000 | $2.2M | 0.07% |
| 38 | MESA AIR GROUP INC | 590479135 | 2,248,190 | $2.1M | 0.07% |
| 39 | AMAZON COM INC | AMZN | 6,300 | $1.4M | 0.05% |
| 40 | VISA INC | V | 2,840 | $1.0M | 0.03% |
| 41 | SOFI TECHNOLOGIES INC | SOFI | 55,000 | $1.0M | 0.03% |
| 42 | DOORDASH INC | DASH | 4,000 | $986,040 | 0.03% |
| 43 | CARVANA CO | CVNA | 2,800 | $943,488 | 0.03% |
| 44 | CITIGROUP INC | C-PR | 10,000 | $851,200 | 0.03% |
| 45 | CITIGROUP INC | C-PR | 10,000 | $851,200 | 0.03% |
| 46 | GRAB HOLDINGS LIMITED | GRABW | 161,000 | $809,830 | 0.03% |
| 47 | BANK AMERICA CORP | 060505104 | 16,700 | $790,244 | 0.03% |
| 48 | PINTEREST INC | PINS | 15,000 | $537,900 | 0.02% |
| 49 | MASTERCARD INCORPORATED | MA | 900 | $505,746 | 0.02% |
| 50 | SOFI TECHNOLOGIES INC | SOFI | 27,500 | $500,775 | 0.02% |
| 51 | FLEX LTD | FLEX | 9,910 | $494,707 | 0.02% |
| 52 | META PLATFORMS INC | META | 660 | $487,139 | 0.02% |
| 53 | WAYFAIR INC | W | 9,000 | $460,260 | 0.01% |
| 54 | SEI INVTS CO | 784117103 | 3,500 | $314,510 | 0.01% |
| 55 | AIRBNB INC | ABNB | 1,800 | $238,212 | 0.01% |
| 56 | ZILLOW GROUP INC | Z | 3,200 | $224,160 | 0.01% |
| 57 | EVENTBRITE INC | EVEX-WT | 31,000 | $81,530 | 0.00% |