PAR CAPITAL MANAGEMENT INC

Q1 2025 13F-HR Holdings

Location
Boston, MA
Holdings as of
3/31/2025
Date filed
5/15/2025
Form type
13F-HR
Num holdings
49
Total value ($000)
$2,990,410
Net value change ($000)
-398,837 (-11.8%)
New positions
4
Sold out positions
15
Turnover %
6.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/14/2025 Next filing: 8/14/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
LUV 141,112 245.1%
UBER 96,796 41.5%
LYFT 17,082 1059.0%
CVNA 16,995 27.5%
TRIP 7,929 23.9%
SKYW 7,730 32.2%
TRVG 6,903 89.3%
SCHW 3,864 5.8%
LTM 1,729 13.4%
BAC 638 NEW
Top Reduces (Value $000, Stocks/ETFs)
UAL -135,791 -28.9%
DAL -114,138 -42.3%
SYF -83,950 -17.5%
TSLA -77,658 -100.0%
XYZ -42,962 -100.0%
EXPE -41,124 -9.3%
AAL -34,860 -100.0%
WEX -33,776 -10.4%
CMA -30,925 -100.0%
ALGT -23,592 -46.5%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 8,493 (0.3% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type