Par Capital Management Inc reported 44 positions worth $4.03B for the quarter ended Jun 30, 2026, up 18.5% on the prior quarter. It opened 8 new positions, added to 7, trimmed 18 and exited 5. Its largest holding is United Airlines Holdings, Inc. at 18.1% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| UAL United Airlines Holdings, Inc. | +362.9K | +7.3% | $49.35M | 18.08% |
| UBER Uber Technologies, Inc | +480.7K | +12.9% | $34.69M | 7.55% |
| META Meta Platforms, Inc. | +55.0K | – | $30.97M | 0.768% |
| Z Zillow Group, Inc. | +823.0K | – | $25.94M | 0.644% |
| AERO Grupo Aeromexico, S.A.B. de C.V. | +1.19M | – | $21.42M | 0.531% |
| V Visa Inc. | +47.6K | +59.5% | $16.33M | 1.09% |
| MA Mastercard Inc | +30.0K | – | $15.41M | 0.382% |
| FLEX Flex Ltd. | +9,910 | – | $1.61M | 0.04% |
| ZM Zoom Communications, Inc. | +11.0K | +183.3% | $949.41K | 0.036% |
| EBAY Ebay Inc | +8,000 | – | $894.00K | 0.022% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| SKYW Skywest Inc | -303.0K | -84.7% | $30.10M | 0.135% |
| CAR Avis Budget Group, Inc. | -200.0K | -100.0% | $29.17M | Exited |
| LYFT Lyft, Inc. | -1.53M | -48.7% | $22.28M | 0.582% |
| CPA Copa Holdings, S.A. | -137.1K | -87.2% | $21.33M | 0.078% |
| MAR Marriott International Inc | -50.0K | -55.6% | $18.53M | 0.368% |
| LUV Southwest Airlines Co | -313.4K | -6.0% | $16.12M | 6.26% |
| EXPE Expedia Group, Inc. | -56.3K | -2.9% | $14.40M | 12.04% |
| BKNG Booking Holdings Inc. | -72.2K | -6.8% | $12.87M | 4.39% |
| LTM Latam Airlines Group S.A. | -165.0K | -100.0% | $8.16M | Exited |
| ULCC Frontier Group Holdings, Inc. | -2.13M | -100.0% | $7.52M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| META Meta Platforms, Inc. | +55.0K | $30.97M | 0.768% |
| Z Zillow Group, Inc. | +823.0K | $25.94M | 0.644% |
| AERO Grupo Aeromexico, S.A.B. de C.V. | +1.19M | $21.42M | 0.531% |
| MA Mastercard Inc | +30.0K | $15.41M | 0.382% |
| FLEX Flex Ltd. | +9,910 | $1.61M | 0.04% |
| EBAY Ebay Inc | +8,000 | $894.00K | 0.022% |
| AFRM Affirm Holdings, Inc. | +4,000 | $326.20K | <0.01% |
| PNC Pnc Financial Services Group, Inc. | +1,000 | $246.22K | <0.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | UAL United Airlines Holdings, Inc. | Industrials | 5.36M | $728.87M | 18.08% | +362.9K | +7.3% | Added | 1.65% |
| 2 | SYF Synchrony Financial | Financial Services | 7.61M | $578.90M | 14.36% | 0 | 0.0% | Unchanged | 2.3% |
| 3 | EXPE Expedia Group, Inc. | Technology | 1.90M | $485.11M | 12.04% | -56.3K | -2.9% | Reduced | 1.58% |
| 4 | DAL Delta Air Lines, Inc. | Industrials | 3.48M | $326.19M | 8.09% | -31.7K | -0.9% | Reduced | 0.53% |
| 5 | WEX WEX Inc. | Technology | 2.25M | $318.16M | 7.89% | 0 | 0.0% | Unchanged | 6.5% |
| 6 | UBER Uber Technologies, Inc | Technology | 4.22M | $304.35M | 7.55% | +480.7K | +12.9% | Added | 0.21% |
| 7 | LUV Southwest Airlines Co | Industrials | 4.91M | $252.25M | 6.26% | -313.4K | -6.0% | Reduced | 1% |
| 8 | BKNG Booking Holdings Inc. | Technology | 992.1K | $176.83M | 4.39% | -72.2K | -6.8% | Reduced | 0.13% |
| 9 | CVNA Carvana Co. | Consumer Discretionary | 1.74M | $114.48M | 2.84% | 0 | 0.0% | Unchanged | 0.16% |
| 10 | ABNB Airbnb, Inc. | Technology | 750.0K | $107.33M | 2.66% | +2,500 | +0.3% | Added | 0.13% |
| 11 | ALGT Allegiant Travel CO | Industrials | 844.6K | $99.33M | 2.46% | -1,559 | -0.2% | Reduced | 3.09% |
| 12 | ALK Alaska Air Group, Inc. | Industrials | 1.58M | $82.46M | 2.05% | -1,864 | -0.1% | Reduced | 1.42% |
| 13 | H Hyatt Hotels Corp | Consumer Discretionary | 338.5K | $65.61M | 1.63% | 0 | 0.0% | Unchanged | 0.36% |
| 14 | TRIP TripAdvisor, Inc. | Technology | 4.07M | $55.83M | 1.39% | 0 | 0.0% | Unchanged | 3.48% |
| 15 | V Visa Inc. | Financial Services | 127.6K | $43.78M | 1.09% | +47.6K | +59.5% | Added | 0.01% |
Tip. Select a row to see that position’s full history at Par Capital Management.
As of its Q2 2026 13F filing, Par Capital Management Inc’s five largest positions were United Airlines Holdings, Inc. (UAL) at 18.1%, Synchrony Financial (SYF) at 14.4%, Expedia Group, Inc. (EXPE) at 12.0%, Delta Air Lines, Inc. (DAL) at 8.1%, WEX Inc. (WEX) at 7.9% of the reported portfolio.
Par Capital Management Inc reported a 13F portfolio worth $4.03B across 44 positions for Q2 2026. That is up 18.5% from the previous quarter.
Its largest purchases by value were United Airlines Holdings, Inc. ($49.35M), Uber Technologies, Inc ($34.69M), Meta Platforms, Inc. ($30.97M). It opened 8 new positions.
Its largest sales by value were Skywest Inc ($30.10M), Avis Budget Group, Inc. ($29.17M), Lyft, Inc. ($22.28M). It exited 5 positions entirely.
From the Form 13F-HR reports Par Capital Management Inc files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.