PAR CAPITAL MANAGEMENT INC

Q1 2026 13F-HR Holdings

Location
Boston, MA
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
48
Total value ($000)
$3,451,581
Net value change ($000)
-331,681 (-8.8%)
New positions
6
Sold out positions
9
Turnover %
1.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/17/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
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)
UBER 187,482 230.6%
BKNG 48,110 36.7%
V 23,814 6524.4%
ALGT 15,360 28.9%
TRIP 11,659 36.7%
WEX 9,600 2.9%
RJET 5,805 178.2%
CAR 3,506 13.7%
GBTG 2,654 39.3%
CFG 960 NEW
Top Reduces (Value $000, Stocks/ETFs)
SYF -107,947 -17.3%
EXPE -101,289 -18.3%
UAL -87,282 -15.9%
SCHW -67,313 -73.9%
WBS -44,080 -92.7%
CVNA -38,627 -26.1%
CARS -30,911 -93.9%
AERO -30,416 -100.0%
ALK -21,381 -26.9%
LYFT -19,193 -31.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 11,969 (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