AI Portfolio Summary
In 2025 Q4, PAR CAPITAL MANAGEMENT INC maintained a portfolio of 73 distinct positions. The most significant new addition to the portfolio was GRUPO AEROMEXICO SAB, which now represents 0.80% of the total fund value. They heavily accumulated shares in WEX INC, increasing their position by 21.6%. Conversely, PAR CAPITAL MANAGEMENT INC completely exited their position in AVIDXCHANGE HOLDINGS.
Total Positions
73
Quarter
2025 Q4
Top Holding
SYF (16.5%)
Top 10 Concentration
78.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 73
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
SYF
SYNCHRONY FINAN...
|
Financial Services | 16.54% | 15.60% |
#1
Prev: #1
|
6.6 | no change | no change |
P
S
|
7,500,000 | $625,725,000 | 2017 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EXPE
EXPEDIA GROUP I...
|
Consumer Cyclical | 14.59% | 13.77% |
#2
1
Prev: #3
|
5.9 | -251,554 | -11.4% |
P
S
|
1,948,446 | $552,014,236 | 2007 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UAL
UNITED AIRLS HL...
|
Industrials | 14.47% | 14.04% |
#3
1
Prev: #2
|
5.8 | -74,000 | -1.5% |
P
S
|
4,894,850 | $547,342,127 | 2002 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WEX
WEX INC
|
Technology | 8.87% | 8.54% |
#4
Prev: #4
|
5.6 | 400,500 | 21.6% |
P
S
|
2,252,000 | $335,502,960 | 2014 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DAL
DELTA AIR LINES...
|
Industrials | 6.56% | 5.94% |
#5
Prev: #5
|
2.6 | no change | no change |
P
S
|
3,574,210 | $248,050,174 | 2003 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LUV
SOUTHWEST AIRLS...
|
Industrials | 5.41% | 4.63% |
#6
1
Prev: #7
|
2.2 | no change | no change |
P
S
|
4,950,192 | $204,591,435 | 2002 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CVNA
CARVANA CO
|
Consumer Cyclical | 3.91% | 3.94% |
#7
1
Prev: #8
|
1.6 | -5,900 | -1.7% |
P
S
|
350,672 | $147,990,597 | 2017 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BKNG
BOOKING HOLDING...
|
Consumer Cyclical | 3.47% | 5.54% |
#8
2
Prev: #6
|
1.5 | -10,563 | -30.1% |
P
S
|
24,487 | $131,135,966 | 2018 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ABNB
AIRBNB INC
|
Consumer Cyclical | 2.62% | 0.78% |
#9
13
Prev: #22
|
3.3 | 510,600 | 232.8% |
P
S
|
729,900 | $99,062,028 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SCHW
SCHWAB CHARLES ...
|
Financial Services | 2.41% | 2.54% |
#10
Prev: #10
|
3.0 | 2,000 | 0.2% |
P
S
|
912,000 | $91,117,920 | 2001 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UBER
UBER TECHNOLOGI...
|
Technology | 2.15% | 1.88% |
#11
1
Prev: #12
|
3.0 | 341,200 | 52.2% |
P
S
|
995,200 | $81,317,792 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALK
ALASKA AIR GROU...
|
Industrials | 2.10% | 1.63% |
#12
1
Prev: #13
|
3.0 | 462,198 | 41.3% |
P
S
|
1,581,500 | $79,549,450 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LYFT
LYFT INC
|
Technology | 1.61% | 2.10% |
#13
2
Prev: #11
|
0.7 | -115,000 | -3.5% |
P
S
|
3,140,000 | $60,821,800 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
H
HYATT HOTELS CO...
|
Consumer Cyclical | 1.44% | 1.54% |
#14
Prev: #14
|
0.6 | -32,500 | -8.8% |
P
S
|
338,800 | $54,316,416 | 2016 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALGT
ALLEGIANT TRAVE...
|
Industrials | 1.41% | 1.11% |
#15
1
Prev: #16
|
0.6 | no change | no change |
P
S
|
624,081 | $53,215,387 | 2006 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WBS
WEBSTER FINL CO...
|
Financial Services | 1.26% | 1.31% |
#16
1
Prev: #15
|
2.5 | 5,500 | 0.7% |
P
S
|
755,500 | $47,551,170 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MAR
MARRIOTT INTL I...
|
Consumer Cyclical | 1.11% | 1.04% |
#17
1
Prev: #18
|
0.4 | -1,200 | -0.9% |
P
S
|
134,900 | $41,851,376 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SKYW
SKYWEST INC
|
Industrials | 0.96% | 1.06% |
#18
1
Prev: #17
|
0.4 | no change | no change |
P
S
|
359,881 | $36,135,651 | 2019 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CARS
CARS COM INC
|
Communication Services | 0.87% | 0.74% |
#19
4
Prev: #23
|
2.4 | 639,000 | 31.0% |
P
S
|
2,697,648 | $32,911,306 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TRIP
TRIPADVISOR INC
|
Consumer Cyclical | 0.84% | 0.95% |
#20
Prev: #20
|
2.4 | 180,564 | 9.0% |
P
S
|
2,180,564 | $31,749,012 | 2011 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AERO
GRUPO AEROMEXIC...
|
Industrials | 0.80% | — |
#21
Prev: #—
|
2.3 | 13,850,410 | no change |
NEW
|
13,850,410 | $30,415,500 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SNCY
SUN CTRY AIRLS ...
|
Industrials | 0.76% | 0.71% |
#22
2
Prev: #24
|
0.3 | -67,000 | -3.2% |
P
S
|
2,000,000 | $28,780,000 | 2021 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CAR
AVIS BUDGET GRO...
|
Industrials | 0.68% | 0.94% |
#23
2
Prev: #21
|
0.3 | no change | no change |
P
S
|
200,000 | $25,664,000 | 2007 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RYAAY
RYANAIR HOLDING...
|
Industrials | 0.66% | 0.61% |
#24
2
Prev: #26
|
0.3 | no change | no change |
P
S
|
345,000 | $24,905,550 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JBLU
JETBLUE AWYS CO...
|
Industrials | 0.54% | 0.65% |
#25
Prev: #25
|
0.2 | -30,000 | -0.7% |
P
S
|
4,457,425 | $20,281,284 | 2002 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AVDX
AVIDXCHANGE HOL...
|
Unknown | 0.00% | 0.96% |
Sold All 😨
(Was: #19) |
0.3 | -3,299,292 | -100.0% |
CLOSED
|
— | $— | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UAL
PUT
UNITED AIRLS HL...
|
PUT Option | 0.00% | 0.42% |
Sold All 😨
(Was: #29) |
0.3 | -149,000 | -100.0% |
CLOSED
|
— | $— | 2002 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MESA
MESA AIR GROUP ...
|
Industrials | 0.00% | 0.10% |
Sold All 😨
(Was: #38) |
0.3 | -2,585,876 | -100.0% |
CLOSED
|
— | $— | 1999 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BK
BANK NEW YORK M...
|
Financial Services | 0.00% | 0.08% |
Sold All 😨
(Was: #39) |
0.3 | -26,364 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CART
MAPLEBEAR INC
|
Consumer Cyclical | 0.00% | 0.08% |
Sold All 😨
(Was: #40) |
0.3 | -75,000 | -100.0% |
CLOSED
|
— | $— | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WH
WYNDHAM HOTELS ...
|
Consumer Cyclical | 0.00% | 0.06% |
Sold All 😨
(Was: #41) |
0.3 | -27,000 | -100.0% |
CLOSED
|
— | $— | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SOFI
SOFI TECHNOLOGI...
|
Financial Services | 0.00% | 0.04% |
Sold All 😨
(Was: #44) |
0.3 | -55,000 | -100.0% |
CLOSED
|
— | $— | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SOFI
PUT
SOFI TECHNOLOGI...
|
PUT Option | 0.00% | 0.04% |
Sold All 😨
(Was: #43) |
0.3 | -55,000 | -100.0% |
CLOSED
|
— | $— | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GRAB
GRAB HOLDINGS L...
|
Technology | 0.00% | 0.03% |
Sold All 😨
(Was: #46) |
0.3 | -181,000 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GRAB
PUT
GRAB HOLDINGS L...
|
PUT Option | 0.00% | 0.03% |
Sold All 😨
(Was: #45) |
0.3 | -181,000 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
PUT
AMAZON COM INC
|
PUT Option | 0.00% | 0.03% |
Sold All 😨
(Was: #48) |
0.3 | -4,500 | -100.0% |
CLOSED
|
— | $— | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PNC
PNC FINL SVCS G...
|
Financial Services | 0.00% | 0.02% |
Sold All 😨
(Was: #52) |
0.3 | -3,000 | -100.0% |
CLOSED
|
— | $— | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FLEX
FLEX LTD
|
Technology | 0.00% | 0.02% |
Sold All 😨
(Was: #53) |
0.3 | -9,910 | -100.0% |
CLOSED
|
— | $— | 2008 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CVNA
PUT
CARVANA CO
|
PUT Option | 0.00% | 0.01% |
Sold All 😨
(Was: #55) |
0.3 | -1,200 | -100.0% |
CLOSED
|
— | $— | 2017 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AFRM
AFFIRM HLDGS IN...
|
Financial Services | 0.00% | 0.01% |
Sold All 😨
(Was: #57) |
0.3 | -5,500 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCL
CARNIVAL CORP
|
Consumer Cyclical | 0.00% | 0.01% |
Sold All 😨
(Was: #58) |
0.3 | -13,500 | -100.0% |
CLOSED
|
— | $— | 2005 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SCHW
PUT
SCHWAB CHARLES ...
|
PUT Option | 0.00% | 0.01% |
Sold All 😨
(Was: #59) |
0.3 | -4,000 | -100.0% |
CLOSED
|
— | $— | 2001 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SHOP
SHOPIFY INC
|
Technology | 0.00% | 0.01% |
Sold All 😨
(Was: #60) |
0.3 | -2,500 | -100.0% |
CLOSED
|
— | $— | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
Z
ZILLOW GROUP IN...
|
Communication Services | 0.00% | 0.01% |
Sold All 😨
(Was: #61) |
0.3 | -4,000 | -100.0% |
CLOSED
|
— | $— | 2011 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HUBS
HUBSPOT INC
|
Technology | 0.00% | 0.01% |
Sold All 😨
(Was: #64) |
0.3 | -500 | -100.0% |
CLOSED
|
— | $— | 2017 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 73 holdings