13F

Investor

PAR CAPITAL MANAGEMENT INC

CIK 0001051359 · filed 2026-05-15 · SEC filing

13F book

$3.45B

Positions

45

6 new · 9 sold

Largest name

15.0%

Synchrony Financial

Est. mark

−$496M

Price effect on 39 names still held. Flow $166.1M.
NameTickerSharesValueWeightEst. markChange
Synchrony Financial7.61M$517.8M15.0%−$115.6MAdded−$107.9M
United Airls Hldgs Inc5M$460.1M13.3%−$96.7MAdded−$87.3M
Expedia Group, Inc.EXPE1.95M$450.7M13.1%−$102.1MAdded−$101.3M
WEX Inc.WEX2.25M$345.1M10.0%$9.14MAdded$9.6M
Uber Technologies, IncUBER3.74M$268.8M7.8%−$9.73MAdded$187.5M
Delta Air Lines Inc DelDAL3.51M$233.6M6.8%−$10.3MCut−$14.4M
Southwest Airls Co5.22M$196.1M5.7%−$18.6MAdded−$8.51M
Booking Holdings Inc.BKNG42.6K$179.2M5.2%−$28MAdded$48.1M
Carvana Co.CVNA347.9K$109.4M3.2%−$37.4MCut−$38.6M
Airbnb, Inc.ABNB747.5K$94.4M2.7%−$6.89MAdded−$4.67M
Allegiant Travel CoALGT846.2K$68.6M2.0%−$2.64MAdded$15.4M
Alaska Air Group, Inc.ALK1.58M$58.2M1.7%−$21.4MHeld
Hyatt Hotels CorpH338.5K$48.7M1.4%−$5.6MCut−$5.64M
TripAdvisor, Inc.TRIP4.07M$43.4M1.3%−$8.5MAdded$11.7M
Lyft, Inc.LYFT3.13M$41.6M1.2%−$19MCut−$19.2M
Skywest IncSKYW357.9K$32.9M1.0%−$3.07MCut−$3.27M
Marriott Intl Inc New90K$29.4M0.9%$1.51MCut−$12.4M
Avis Budget Group, Inc.CAR200K$29.2M0.8%$3.51MHeld
Sun Ctry Airls Hldgs Inc1.47M$24.2M0.7%$3.13MCut−$4.53M
Visa Inc.V80K$24.2M0.7%−$50.4KAdded$23.8M
Schwab Charles Corp253.3K$23.8M0.7%−$1.5MCut−$67.3M
Ryanair Holdings Plc345K$19.9M0.6%−$4.96MHeld
Jetblue Awys CorpJBLU4.46M$19.7M0.6%−$579.5KHeld
Copa Holdings Sa157.2K$17.9M0.5%−$1.1MHeld
BILL Holdings, Inc.BILL400K$15.3M0.4%−$5.28MAdded−$2.41M
American Airls Group IncAAL1.25M$13.4M0.4%−$5.74MHeld
trivago N.V.TRVG4.19M$11.4M0.3%−$754.5KAdded−$152K
Alphabet Inc35.6K$10.2M0.3%−$959.1KCut−$1.3M
Global Business Travel Group, Inc.GBTG1.69M$9.41M0.3%−$1.83MAdded$2.65M
Republic Awys Hldgs Inc506.8K$9.06M0.3%−$86.9KAdded$5.81M
Latam Airlines Group Sa165K$8.16M0.2%−$754KHeld
Frontier Group Hldgs Inc2.13M$7.52M0.2%−$2.51MCut−$2.63M
Hertz Global Hldgs Inc1.4M$6.45M0.2%−$742KHeld
Webster Finl Corp50K$3.47M0.1%$324KCut−$44.1M
Cars.com Inc.CARS246.3K$2M0.1%−$1MCut−$30.9M
Citigroup Inc10K$1.13M0.0%−$32.8KHeld
Citizens Finl Group Inc16K$959.5K0.0%New
Maplebear Inc.CART20.3K$761.8K0.0%New
Truist Finl Corp15K$689.5K0.0%New
Trip Com Group Ltd13.5K$673.3K0.0%−$99.5KAdded$349.7K
Pinterest, Inc.PINS31.8K$583.7K0.0%New
Snap IncSNAP110.7K$509.2K0.0%New
Zoom Communications, Inc.ZM6K$482.3K0.0%−$35.4KCut−$544.5K
CarGurus, Inc.CARG10.4K$353.3K0.0%−$44.6KCut−$13M
Nextpower Inc.NXT1.73K$208.1K0.0%New

Positions as of Q1 2026. 13F filings arrive up to 45 days after quarter-end and omit shorts. Values are quarter-end marks, as filed. Estimated mark is the price effect on shares still held — not realized P&L or investment advice.