Par Capital Management Inc Portfolio Stock Holdings

Par Capital Management Inc disclosed 45 stock positions valued at approximately $3.4 billion in its latest SEC 13F filing. The largest holdings include SYNCHRONY FINANCIAL, UNITED AIRLS HLDGS INC, and EXPEDIA GROUP INC. The filing reflects positions held as of March 31, 2026 and was filed on May 15, 2026.

Report Period
March 31, 2026
No. of Stocks
45
Portfolio Value
$3.4B
Holdings by Sector
Par Capital Management Inc Portfolio Holdings in Q1 2026

43 holdings in the latest reporting period.

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CompanySymbolSectorPortfolio %SharesChange (Shares)Change %Value
SYNCHRONY FINANCIALSYFFinancial Services15.05%7,612,137+112,137+1.50%$517,777,559
UNITED AIRLS HLDGS INCUALIndustrials13.38%4,996,850+102,000+2.08%$460,059,980
EXPEDIA GROUP INCEXPEConsumer Cyclical13.10%1,952,120+3,674+0.19%$450,724,987
WEX INCWEXTechnology10.03%2,254,984+2,984+0.13%$345,102,751
UBER TECHNOLOGIES INCUBERTechnology7.81%3,736,973+2,741,773+275.50%$268,800,468
DELTA AIR LINES INCDALIndustrials6.79%3,514,445-59,765-1.67%$233,640,304
SOUTHWEST AIRLS COLUVIndustrials5.70%5,219,192+269,000+5.43%$196,085,043
BOOKING HOLDINGS INCBKNGConsumer Cyclical5.21%42,573+18,086+73.86%$179,245,953
CARVANA COCVNAConsumer Cyclical3.18%347,872-2,800-0.80%$109,363,999
AIRBNB INCABNBConsumer Cyclical2.74%747,500+17,600+2.41%$94,394,300
ALLEGIANT TRAVEL COALGTIndustrials1.99%846,191+222,110+35.59%$68,575,319
ALASKA AIR GROUP INCALKIndustrials1.69%1,581,500--$58,167,570
HYATT HOTELS CORPHConsumer Cyclical1.42%338,500-300-0.09%$48,672,915
TRIPADVISOR INCTRIPConsumer Cyclical1.26%4,072,054+1,891,490+86.74%$43,408,096
LYFT INCLYFTTechnology1.21%3,130,000-10,000-0.32%$41,629,000
SKYWEST INCSKYWIndustrials0.96%357,923-1,958-0.54%$32,868,069
MARRIOTT INTL INC NEWMARConsumer Cyclical0.86%90,000-44,900-33.28%$29,436,300
AVIS BUDGET GROUP INCCARIndustrials0.85%200,000--$29,170,000
SUN CTRY AIRLS HLDGS INCSNCYIndustrials0.70%1,467,800-532,200-26.61%$24,248,056
VISA INCVFinancial Services0.70%80,000+78,960+7592.31%$24,179,200
SCHWAB CHARLES CORPSCHWFinancial Services0.69%253,300-658,700-72.23%$23,805,134
RYANAIR HOLDINGS PLCRYAAYIndustrials0.58%345,000--$19,941,000
JETBLUE AIRWAYS CORPJBLUIndustrials0.57%4,457,425--$19,701,819
COPA HOLDINGS SAP31076105Other0.52%157,197--$17,859,151
BILL HOLDINGS INCBILLTechnology0.45%400,000+75,000+23.08%$15,320,000
AMERICAN AIRLINES GROUP INCAALIndustrials0.39%1,250,000--$13,425,000
TRIVAGO N VTRVGCommunication Services0.33%4,193,114+222,308+5.60%$11,363,339
ALPHABET INCGOOGCommunication Services0.30%35,600-1,100-3.00%$10,212,216
GLOBAL BUSINESS TRAVEL GROUPGBTGTechnology0.27%1,686,634+803,390+90.96%$9,411,418
FRONTIER GROUP HLDGS INCULCCIndustrials0.22%2,131,100-25,000-1.16%$7,522,783
HERTZ GLOBAL HLDGS INCHTZIndustrials0.19%1,400,000--$6,454,000
WEBSTER FINL CORPWBSFinancial Services0.10%50,000-705,500-93.38%$3,471,000
CARS COM INCCARSConsumer Cyclical0.06%246,299-2,451,349-90.87%$1,999,948
CITIGROUP INCCFinancial Services0.03%10,000--$1,134,100
CITIZENS FINL GROUP INCCFGFinancial Services0.03%16,000+16,000+100.00%$959,520
MAPLEBEAR INCCARTConsumer Cyclical0.02%20,336+20,336+100.00%$761,787
TRUIST FINL CORPTFCFinancial Services0.02%15,000+15,000+100.00%$689,550
TRIP COM GROUP LTDTCOMConsumer Cyclical0.02%13,523+9,023+200.51%$673,310
PINTEREST INCPINSCommunication Services0.02%31,825+31,825+100.00%$583,671
SNAP INCSNAPCommunication Services0.01%110,693+110,693+100.00%$509,188
ZOOM COMMUNICATIONS INCZMTechnology0.01%6,000-5,900-49.58%$482,340
CARGURUS INCCARGConsumer Cyclical0.01%10,376-337,722-97.02%$353,303
NEXTPOWER INCNXTTechnology0.01%1,726+1,726+100.00%$208,069
Par Capital Management Inc Options Holdings in Q1 2026

2 options positions in the latest reporting period.

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QuarterSymbolCompanyOptionContractsNotional Value
Q1 2026GOOGAlphabet Inc.PUT33,600$9,638,496
Q1 2026DALDelta Air Lines, Inc.PUT18,000$1,196,640

Notional value represents the total exposure of the options position.