Par Capital Management as of Sept. 30, 2025
Portfolio Holdings for Par Capital Management
Par Capital Management holds 57 positions in its portfolio as reported in the September 2025 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Synchrony Financial (SYF) | 15.6 | $533M | 7.5M | 71.05 | |
| Hldgs Put Option (UAL) | 14.5 | $494M | 5.1M | 96.50 | |
| Expedia Group Com New (EXPE) | 13.8 | $470M | 2.2M | 213.75 | |
| Wright Express (WEX) | 8.5 | $292M | 1.9M | 157.53 | |
| Delta Air Lines Inc Del Com New (DAL) | 5.9 | $203M | 3.6M | 56.75 | |
| Booking Holdings (BKNG) | 5.5 | $189M | 35k | 5399.27 | |
| Southwest Airlines (LUV) | 4.6 | $158M | 5.0M | 31.91 | |
| Carvana Cl A Put Option (CVNA) | 4.0 | $135M | 358k | 377.24 | |
| Bill Com Holdings Ord (BILL) | 3.0 | $102M | 1.9M | 52.97 | |
| Charles Schwab Corporation Put Option (SCHW) | 2.6 | $87M | 914k | 95.47 | |
| Lyft Cl A Com (LYFT) | 2.1 | $72M | 3.3M | 22.01 | |
| Uber Technologies (UBER) | 1.9 | $64M | 654k | 97.97 | |
| Alaska Air (ALK) | 1.6 | $56M | 1.1M | 49.78 | |
| Hyatt Hotels Corp Com Cl A (H) | 1.5 | $53M | 371k | 141.93 | |
| Webster Financial Corporation (WBS) | 1.3 | $45M | 750k | 59.44 | |
| Allegiant Travel Company (ALGT) | 1.1 | $38M | 624k | 60.77 | |
| SkyWest (SKYW) | 1.1 | $36M | 360k | 100.62 | |
| Marriott Intl Cl A (MAR) | 1.0 | $35M | 136k | 260.44 | |
| Avidxchange Holdings (AVDX) | 1.0 | $33M | 3.3M | 9.95 | |
| Tripadvisor (TRIP) | 1.0 | $33M | 2.0M | 16.26 | |
| Avis Budget (CAR) | 0.9 | $32M | 200k | 160.57 | |
| Airbnb Com Cl A (ABNB) | 0.8 | $27M | 219k | 121.42 | |
| Cars (CARS) | 0.7 | $25M | 2.1M | 12.22 | |
| Sun Ctry Airls Hldgs (SNCY) | 0.7 | $24M | 2.1M | 11.81 | |
| JetBlue Airways Corporation (JBLU) | 0.6 | $22M | 4.5M | 4.92 | |
| Ryanair Holdings Sponsored Adr (RYAAY) | 0.6 | $21M | 345k | 60.22 | |
| Copa Holdings Sa Cl A (CPA) | 0.5 | $18M | 148k | 118.82 | |
| Alphabet Cap Stk Cl C Put Option (GOOG) | 0.5 | $17M | 69k | 243.55 | |
| Hertz Global Hldgs Com New (HTZ) | 0.5 | $16M | 2.3M | 6.80 | |
| American Airls (AAL) | 0.4 | $14M | 1.3M | 11.24 | |
| Trivago N V Spon Ads A Shs N (TRVG) | 0.3 | $12M | 3.6M | 3.33 | |
| Cargurus Com Cl A (CARG) | 0.3 | $9.5M | 256k | 37.23 | |
| Frontier Group Hldgs (ULCC) | 0.3 | $9.5M | 2.2M | 4.42 | |
| Global Business Travel Group Com Cl A (GBTG) | 0.2 | $8.4M | 1.0M | 8.08 | |
| Latam Airlines Group Sa Sponsored Adr (LTM) | 0.2 | $7.5M | 165k | 45.25 | |
| Mesa Air Group Com New (MESA) | 0.1 | $3.4M | 2.6M | 1.30 | |
| Sofi Technologies (SOFI) | 0.1 | $2.9M | 110k | 26.42 | |
| Bank of New York Mellon Corporation (BK) | 0.1 | $2.9M | 26k | 108.96 | |
| Maplebear (CART) | 0.1 | $2.8M | 75k | 36.76 | |
| Amazon Put Option (AMZN) | 0.1 | $2.6M | 12k | 219.57 | |
| Grab Holdings Class A Ord (GRAB) | 0.1 | $2.2M | 362k | 6.02 | |
| Wyndham Hotels And Resorts (WH) | 0.1 | $2.2M | 27k | 79.90 | |
| Doordash Cl A (DASH) | 0.0 | $1.3M | 4.8k | 271.99 | |
| Citigroup Com New (C) | 0.0 | $1.0M | 10k | 101.50 | |
| Bank of America Corporation (BAC) | 0.0 | $939k | 18k | 51.59 | |
| PNC Financial Services (PNC) | 0.0 | $603k | 3.0k | 200.93 | |
| Flex Ord (FLEX) | 0.0 | $575k | 9.9k | 57.97 | |
| Mastercard Incorporated Cl A (MA) | 0.0 | $512k | 900.00 | 568.81 | |
| Klaviyo Com Ser A (KVYO) | 0.0 | $443k | 16k | 27.69 | |
| Affirm Hldgs Com Cl A (AFRM) | 0.0 | $402k | 5.5k | 73.08 | |
| Carnival Corp Unit 99/99/9999 (CCL) | 0.0 | $390k | 14k | 28.91 | |
| Shopify Cl A Sub Vtg Shs (SHOP) | 0.0 | $372k | 2.5k | 148.67 | |
| Zillow Group Cl C Cap Stk (Z) | 0.0 | $308k | 4.0k | 77.05 | |
| Visa Com Cl A (V) | 0.0 | $287k | 840.00 | 341.38 | |
| Zoom Communications Cl A (ZM) | 0.0 | $281k | 3.4k | 82.50 | |
| Hubspot (HUBS) | 0.0 | $234k | 500.00 | 467.80 | |
| Docusign (DOCU) | 0.0 | $216k | 3.0k | 72.09 |
