greeksoup/ stock research
Stock research / United States / Funds / Par Capital Management Inc.

Par Capital Management Inc.

CIK 1051359 · latest 13F filed 14 August 2026 · Read the filing on EDGAR

Par Capital Management Inc. reported 45 US-listed holdings worth $4.03 billion in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: United Airlines Holdings, Inc. (18.1%), Synchrony Financial (14.4%) and Expedia Group, Inc. (12.0%). Against the quarter before, it opened 8 positions, added to 9, trimmed 17 and sold out of 8.

Reported holdings$4.03B+17.2% on Q1 2026
Positions45as many as Q1 2026
The largest ten84.2%of its reported holdings
Latest 13FQ2 2026filed 14 August 2026
Where the money is
Added toHeldTrimmed
UAL18.1%SYF14.4%EXPE12.0%DAL8.1%WEX7.9%UBER7.6%LUV6.3%BKNG4.4%CVNA2.8%ABNB2.7%ALGT2.5%ALK2.0%H1.6%TRIP1.4%31 more8.3%

The 14 largest of its 45 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter
Q3 2024: $3.53 billion in 56 positions$3.53BQ3 24Q4 2024: $3.39 billion in 57 positions$3.39BQ4 24Q1 2025: $2.98 billion in 46 positions$2.98BQ1 25Q2 2025: $3.06 billion in 53 positions$3.06BQ2 25Q3 2025: $3.39 billion in 57 positions$3.39BQ3 25Q4 2025: $3.77 billion in 48 positions$3.77BQ4 25Q1 2026: $3.44 billion in 45 positions$3.44BQ1 26Q2 2026: $4.03 billion in 45 positions$4.03BQ2 26

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 8Added 9Held 11Trimmed 17Sold out 8
Opened: 8Added: 9Held: 11Trimmed: 17Sold out: 8

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 8

  1. Meta Platforms, Inc. META$31.0 million
  2. Zillow Group Inc. Z$25.9 million
  3. Grupo Aeromexico Sab De CV AERO$21.4 million
  4. Mastercard Inc. MA$15.4 million
  5. Flex Ltd. FLEX$1.6 million
  6. Ebay Inc. EBAY$894,000
  7. Affirm Hldgs Inc. AFRM$326,200
  8. PNC Financial Services Group, Inc. PNC$246,220

Added to 9

  1. Booking Holdings Inc. BKNG+949,527 shares · +2230%
  2. Carvana Co. CVNA+1.4 million shares · +400%
  3. United Airlines Holdings, Inc. UAL+362,891 shares · +7%
  4. Uber Technologies, Inc. UBER+480,727 shares · +13%
  5. Visa Inc. V+47,600 shares · +60%
  6. Zoom Video Communications in ZM+11,000 shares · +183%
  7. Trivago N V TRVG+99,619 shares · +2%
  8. Airbnb, Inc. ABNB+2,500 shares · +0%

and 1 more in the table below

Trimmed 17

  1. Skywest Inc. SKYW-303,042 shares · -85%
  2. Lyft, Inc. LYFT-1.5 million shares · -49%
  3. Copa Holdings SA CPA-137,082 shares · -87%
  4. Marriott International Inc. MAR-50,000 shares · -56%
  5. Southwest Airlines Co. LUV-313,436 shares · -6%
  6. Expedia Group, Inc. EXPE-56,273 shares · -3%
  7. Bill Holdings, Inc. BILL-200,000 shares · -50%
  8. American Airlines Group Inc. AAL-250,000 shares · -20%

and 9 more in the table below

Sold out of 8

  1. Avis Budget Group, Inc. CAR$29.2 million last quarter
  2. Sun Ctry Airls Hldgs Inc. SNCY$24.2 million last quarter
  3. Global Business Travel Group GBTG$9.4 million last quarter
  4. Latam Airlines Group SA LTM$8.2 million last quarter
  5. Frontier Group Holdings Inc. ULCC$7.5 million last quarter
  6. Webster Finl Corp. WBS$3.5 million last quarter
  7. Pinterest, Inc. PINS$583,671 last quarter
  8. Snap Inc. SNAP$509,188 last quarter

What it holds

CompanySharesValueOf its bookChange in shares
United Airlines Holdings, Inc. UAL5,359,741$728.9 million18.08%+362,891
Synchrony Financial SYF7,612,137$578.9 million14.36%no change
Expedia Group, Inc. EXPE1,895,847$485.1 million12.04%-56,273
Delta Air Lines, Inc. DAL3,482,745$326.2 million8.09%-31,700
WEX Inc. WEX2,254,984$318.2 million7.89%no change
Uber Technologies, Inc. UBER4,217,700$304.3 million7.55%+480,727
Southwest Airlines Co. LUV4,905,756$252.3 million6.26%-313,436
Booking Holdings Inc. BKNG992,100$176.8 million4.39%+949,527
Carvana Co. CVNA1,739,360$114.5 million2.84%+1,391,488
Airbnb, Inc. ABNB750,000$107.3 million2.66%+2,500
Allegiant Travel Co. ALGT844,632$99.3 million2.46%-1,559
Alaska Air Group, Inc. ALK1,579,636$82.5 million2.05%-1,864
Hyatt Hotels Corp. H338,500$65.6 million1.63%no change
TripAdvisor, Inc. TRIP4,072,054$55.8 million1.39%no change
Visa Inc. V127,600$43.8 million1.09%+47,600
Meta Platforms, Inc. META54,983$31.0 million0.77%new
Zillow Group Inc. Z823,000$25.9 million0.64%new
Trivago N V TRVG4,292,733$23.5 million0.58%+99,619
Lyft, Inc. LYFT1,605,000$23.4 million0.58%-1,525,000
JetBlue Airways Corp. JBLU4,000,000$22.9 million0.57%-457,425
Charles Schwab Corp. SCHW245,000$22.6 million0.56%-8,300
Ryanair Holdings PLC RYAAY340,000$22.0 million0.55%-5,000
Grupo Aeromexico Sab De CV AERO1,189,824$21.4 million0.53%new
American Airlines Group Inc. AAL1,000,000$18.1 million0.45%-250,000
Mastercard Inc. MA30,000$15.4 million0.38%new
Marriott International Inc. MAR40,000$14.8 million0.37%-50,000
Republic Awys Hldgs Inc. RJET506,844$10.6 million0.26%no change
Alphabet Inc. GOOG25,200$8.9 million0.22%-10,400
Bill Holdings, Inc. BILL200,000$7.2 million0.18%-200,000
Skywest Inc. SKYW54,881$5.5 million0.14%-303,042
Copa Holdings SA CPA20,115$3.1 million0.08%-137,082
Cars Com Inc. CARS246,299$2.7 million0.07%no change
Hertz Global Hldgs Inc. HTZ911,001$2.1 million0.05%-488,999
Flex Ltd. FLEX9,910$1.6 million0.04%new
Zoom Video Communications in ZM17,000$1.5 million0.04%+11,000
Citizens Financial Group Inc. CFG20,000$1.4 million0.03%+4,000
Citigroup Inc. C10,000$1.4 million0.03%no change
Maplebear Inc. CART20,336$962,9100.02%no change
Ebay Inc. EBAY8,000$894,0000.02%new
Trip.com Group Limited TCOM13,523$538,7560.01%no change
Truist Financial Corp. TFC10,000$498,2000.01%-5,000
CarGurus, Inc. CARG10,376$353,7180.01%no change
Affirm Hldgs Inc. AFRM4,000$326,2000.01%new
PNC Financial Services Group, Inc. PNC1,000$246,2200.01%new
Nextpower Inc. NXT1,726$205,6360.01%no change
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
Read moreChange is shares against its 13F for the quarter before; the 8 it sold out of are in the box above.

Options it reported

CompanyOptionShares under the optionsValue of those shares
Citigroup Inc. CPuts10,000$1.4 million
Delta Air Lines, Inc. DALPuts10,500$983,430
Alphabet Inc. GOOGPuts2,500$883,325

3 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.