PAR CAPITAL MANAGEMENT INC
Q1 2022 Form 13-F
BOSTON, MASSACHUSETTS
CIK 0001051359
· CRD 156596
· SEC-registered investment adviser
$4.2B Reported Value Total
PAR CAPITAL MANAGEMENT, INC. reports 1 total accounts under management (AUM). There are 1 discretionary accounts valued at $2,616,365,760, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
1 fund
· $1.5B gross asset value
Hedge Fund: $1.5B
Source: Form ADV filed 2026-03-12
Reported value
$4.2B
Quarter over quarter
+1.6%
Holdings
47
Top-10 concentration
70.2%
Key People
Form ADV owners & control persons
Paul Arlington Reeder
SHAREHOLDER/PRESIDENT
Marc Daniel Zimman
SHAREHOLDER/VICE PRESIDENT
Steven Michael Smith
SHAREHOLDER / CHIEF OPERATING OFFICER, GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q1 2022 13F record
Q1 2022 13F filing summary
| Period of report | March 31, 2022 |
|---|---|
| Filed | May 16, 2022 |
| Form | 13F-HR |
| Reported value | $4.2B |
| Positions | 47 |
| Change in reported value | +13.0% |
| New positions | 15 |
| Exited positions | 24 |
| Position turnover | 54.9% |
| Top-10 concentration | 70.2% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
45 | $4.0B |
|
Q1 2026 13F
Filed May 15, 2026
|
45 | $3.5B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
48 | $3.8B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
57 | $3.4B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
53 | $3.1B |
|
Q1 2025 13F
Filed May 15, 2025
|
46 | $3.0B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
57 | $3.4B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
56 | $3.5B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
50 | $3.2B |
|
Q1 2024 13F
Filed May 15, 2024
|
47 | $3.2B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
42 | $3.0B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
47 | $2.7B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
45 | $2.9B |
|
Q1 2023 13F
Filed May 15, 2023
|
42 | $2.7B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
39 | $2.8B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
42 | $2.7B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
40 | $3.0B |
|
Q1 2022 13F
Filed May 16, 2022
|
47 | $4.2B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
56 | $3.7B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
61 | $4.2B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2022
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | EXPE EXPEDIA GROUP INC | $802.2M | 19.17% |
| 2 | BKNG BOOKING HOLDINGS INC | $402.4M | 9.62% |
| 3 | TRIP TRIPADVISOR INC | $319.6M | 7.64% |
| 4 | WEX WEX INC | $304.3M | 7.27% |
| 5 | UBER UBER TECHNOLOGIES INC | $279.1M | 6.67% |
| 6 | SYF SYNCHRONY FINANCIAL | $268.0M | 6.41% |
| 7 | LUV SOUTHWEST AIRLS CO | $158.2M | 3.78% |
| 8 | UAL UNITED AIRLS HLDGS INC | $143.7M | 3.43% |
| 9 | SABR SABRE CORP | $139.0M | 3.32% |
| 10 | CARG CARGURUS INC | $122.7M | 2.93% |
| 11 | META META PLATFORMS INC | $119.0M | 2.84% |
| 12 | DAL DELTA AIR LINES INC DEL | $118.7M | 2.84% |
| 13 | ALK ALASKA AIR GROUP INC | $93.0M | 2.22% |
| 14 | SAVEQ SPIRIT AIRLS INC | $89.3M | 2.13% |
| 15 | SCHW SCHWAB CHARLES CORP | $84.3M | 2.01% |
| 16 | ALGT ALLEGIANT TRAVEL CO | $65.0M | 1.55% |
| 17 | SNCY SUN CTRY AIRLS HLDGS INC | $57.4M | 1.37% |
| 18 | AAL AMERICAN AIRLS GROUP INC | $55.3M | 1.32% |
| 19 | BALY BALLYS CORPORATION | $55.3M | 1.32% |
| 20 | TRVG TRIVAGO N V | $52.1M | 1.25% |
Values as reported on the Q1 2022 Form 13F. Every position is in the holdings table below.