Par Capital Management
Par Capital Management reported 45 stocks worth $4B in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are UAL (18.1%), SYF (14.4%) and EXPE (12.0%). Compared with Q1 2026, the fund opened new positions in META, Z and AERO, added to UAL, UBER and BKNG, trimmed EXPE, DAL and LUV and sold out of CAR, SNCY and LTM.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  UAL United Airlines Hldg | $729M | 18.1% | 5.4M | +363K (+7%) | 8 of 8 | |
| 2 |  SYF Synchrony Financial | $579M | 14.4% | 7.6M | No change | 8 of 8 | |
| 3 |  EXPE Expedia Group Inc | $485M | 12.0% | 1.9M | −56K (−3%) | 8 of 8 | |
| 4 |  DAL Delta Air Lines Inc Del | $326M | 8.1% | 3.5M | −32K (−1%) | 8 of 8 | |
| 5 |  WEX Wex Inc | $318M | 7.9% | 2.3M | No change | 8 of 8 | |
| 6 |  UBER Uber Technologies Inc | $304M | 7.5% | 4.2M | +481K (+13%) | 7 of 8 | |
| 7 |  LUV Southwest Airls Co | $252M | 6.3% | 4.9M | −313K (−6%) | 8 of 8 | |
| 8 |  BKNG Booking Hldgs Inc | $177M | 4.4% | 992K | +950K (+2230%) | 8 of 8 | |
| 9 |  CVNA Carvana Co | $114M | 2.8% | 1.7M | +1.4M (+400%) | 8 of 8 | |
| 10 |  ABNB Airbnb Inc | $107M | 2.7% | 750K | +2,500 (+0%) | 6 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 CAR Avis Budget Group | $29.2M | 200K |
 SNCY Sun Ctry Airls Hldgs Inc | $24.2M | 1.5M |
GLOBAL BUSINESS TRAVEL GROUP | $9.4M | 1.7M |
 LTM Latam Airlines Group SA | $8.2M | 165K |
 ULCC Frontier Group Hldgs Inc | $7.5M | 2.1M |
🔒 Free account: see all 8.
Options
valued at the underlying shares
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 14, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
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All hedge fund holdings →Par Capital Management 13F FAQ
What does Par Capital Management own?
Par Capital Management reported 45 stocks worth $4B in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are UAL (18.1%), SYF (14.4%) and EXPE (12.0%). The table above lists every position in the filing (the top 10 without an account).
What did Par Capital Management buy and sell in Q2 2026?
Compared with Q1 2026: 8 new positions, 9 added to, 17 trimmed and 8 sold out. New positions include META, Z and AERO. It sold all of CAR, SNCY and LTM.
When will Par Capital Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Par Capital Management's portfolio worth?
The Q2 2026 filing reports $4B in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.