Par Capital Management as of Dec. 31, 2025
Portfolio Holdings for Par Capital Management
Par Capital Management holds 48 positions in its portfolio as reported in the December 2025 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Synchrony Financial (SYF) | 16.5 | $626M | 7.5M | 83.43 | |
| Expedia Group Com New (EXPE) | 14.6 | $552M | 1.9M | 283.31 | |
| Hldgs (UAL) | 14.5 | $547M | 4.9M | 111.82 | |
| Wright Express (WEX) | 8.9 | $336M | 2.3M | 148.98 | |
| Delta Air Lines Inc Del Com New Put Option (DAL) | 6.6 | $249M | 3.6M | 69.40 | |
| Southwest Airlines (LUV) | 5.4 | $205M | 5.0M | 41.33 | |
| Carvana Cl A (CVNA) | 3.9 | $148M | 351k | 422.02 | |
| Booking Holdings (BKNG) | 3.5 | $131M | 25k | 5355.33 | |
| Airbnb Com Cl A (ABNB) | 2.6 | $99M | 730k | 135.72 | |
| Charles Schwab Corporation (SCHW) | 2.4 | $91M | 912k | 99.91 | |
| Uber Technologies (UBER) | 2.1 | $81M | 995k | 81.71 | |
| Alaska Air (ALK) | 2.1 | $80M | 1.6M | 50.30 | |
| Lyft Cl A Com (LYFT) | 1.6 | $61M | 3.1M | 19.37 | |
| Hyatt Hotels Corp Com Cl A (H) | 1.4 | $54M | 339k | 160.32 | |
| Allegiant Travel Company (ALGT) | 1.4 | $53M | 624k | 85.27 | |
| Webster Financial Corporation (WBS) | 1.3 | $48M | 756k | 62.94 | |
| Marriott Intl Cl A (MAR) | 1.1 | $42M | 135k | 310.24 | |
| SkyWest (SKYW) | 1.0 | $36M | 360k | 100.41 | |
| Cars (CARS) | 0.9 | $33M | 2.7M | 12.20 | |
| Tripadvisor (TRIP) | 0.8 | $32M | 2.2M | 14.56 | |
| Grupo Aeromexico Sab De Cv Sponsored Ads (AERO) | 0.8 | $30M | 14M | 2.20 | |
| Sun Ctry Airls Hldgs Put Option (SNCY) | 0.8 | $29M | 2.0M | 14.39 | |
| Avis Budget (CAR) | 0.7 | $26M | 200k | 128.32 | |
| Ryanair Holdings Sponsored Adr (RYAAY) | 0.7 | $25M | 345k | 72.19 | |
| Alphabet Cap Stk Cl C Put Option (GOOG) | 0.6 | $22M | 70k | 313.80 | |
| JetBlue Airways Corporation (JBLU) | 0.5 | $20M | 4.5M | 4.55 | |
| American Airls (AAL) | 0.5 | $19M | 1.3M | 15.33 | |
| Copa Holdings Sa Cl A (CPA) | 0.5 | $19M | 157k | 120.61 | |
| Bill Com Holdings Ord (BILL) | 0.5 | $18M | 325k | 54.54 | |
| Cargurus Com Cl A (CARG) | 0.4 | $13M | 348k | 38.35 | |
| Trivago N V Spon Ads A Shs N (TRVG) | 0.3 | $12M | 4.0M | 2.90 | |
| Frontier Group Hldgs (ULCC) | 0.3 | $10M | 2.2M | 4.71 | |
| Latam Airlines Group Sa Sponsored Adr (LTM) | 0.2 | $8.9M | 165k | 54.01 | |
| Hertz Global Hldgs Com New (HTZ) | 0.2 | $7.2M | 1.4M | 5.14 | |
| Global Business Travel Group Com Cl A (GBTG) | 0.2 | $6.8M | 883k | 7.65 | |
| Republic Awys Hldgs Com Shs (RJET) | 0.1 | $3.3M | 177k | 18.37 | |
| Citigroup Com New (C) | 0.1 | $2.3M | 20k | 116.69 | |
| Amazon (AMZN) | 0.0 | $1.5M | 6.3k | 230.82 | |
| Doordash Cl A Put Option (DASH) | 0.0 | $1.3M | 5.9k | 226.48 | |
| Zoom Communications Cl A (ZM) | 0.0 | $1.0M | 12k | 86.29 | |
| Bank of America Corporation (BAC) | 0.0 | $1.0M | 19k | 55.00 | |
| Tesla Motors (TSLA) | 0.0 | $765k | 1.7k | 449.72 | |
| Klaviyo Com Ser A (KVYO) | 0.0 | $747k | 23k | 32.47 | |
| Mastercard Incorporated Cl A (MA) | 0.0 | $514k | 900.00 | 570.88 | |
| Meta Platforms Cl A (META) | 0.0 | $462k | 700.00 | 660.09 | |
| Visa Com Cl A (V) | 0.0 | $365k | 1.0k | 350.71 | |
| Docusign (DOCU) | 0.0 | $363k | 5.3k | 68.40 | |
| Trip Com Group Ads (TCOM) | 0.0 | $324k | 4.5k | 71.91 |
