PAR CAPITAL MANAGEMENT INC
Q4 2022 Form 13-F
BOSTON, MASSACHUSETTS
CIK 0001051359
· CRD 156596
· SEC-registered investment adviser
$2.8B Reported Value Total
PAR CAPITAL MANAGEMENT, INC. reports 1 total accounts under management (AUM). There are 1 discretionary accounts valued at $2,087,080,116, 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
$2.8B
Quarter over quarter
+6.2%
Holdings
39
Top-10 concentration
75.6%
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.
13F Metrics
Loading 13F Metrics
Q4 2022 13F record
Q4 2022 13F filing summary
| Period of report | December 31, 2022 |
|---|---|
| Filed | February 14, 2023 |
| Form | 13F-HR |
| Reported value | $2.8B |
| Positions | 39 |
| Change in reported value | +3.1% |
| New positions | 3 |
| Exited positions | 6 |
| Position turnover | 20.0% |
| Top-10 concentration | 75.6% |
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 · Q4 2022
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | EXPE EXPEDIA GROUP INC | $306.6M | 11.03% |
| 2 | WEX WEX INC | $303.8M | 10.93% |
| 3 | BKNG BOOKING HOLDINGS INC | $280.8M | 10.1% |
| 4 | SYF SYNCHRONY FINANCIAL | $267.8M | 9.63% |
| 5 | UBER UBER TECHNOLOGIES INC | $243.0M | 8.74% |
| 6 | QUAL ISHARES TR | $186.6M | 6.71% |
| 7 | DAL DELTA AIR LINES INC DEL | $168.7M | 6.07% |
| 8 | TRIP TRIPADVISOR INC | $152.8M | 5.5% |
| 9 | SCHW SCHWAB CHARLES CORP | $96.5M | 3.47% |
| 10 | CARG CARGURUS INC | $94.5M | 3.4% |
| 11 | UAL UNITED AIRLS HLDGS INC | $86.7M | 3.12% |
| 12 | CAR AVIS BUDGET GROUP | $69.6M | 2.5% |
| 13 | LUV SOUTHWEST AIRLS CO | $67.3M | 2.42% |
| 14 | ALK ALASKA AIR GROUP INC | $64.4M | 2.32% |
| 15 | AXP AMERICAN EXPRESS CO | $51.7M | 1.86% |
| 16 | AAL AMERICAN AIRLS GROUP INC | $37.3M | 1.34% |
| 17 | ULCC FRONTIER GROUP HLDGS INC | $34.2M | 1.23% |
| 18 | SNCY SUN CTRY AIRLS HLDGS INC | $30.1M | 1.08% |
| 19 | TRVG TRIVAGO N V | $29.8M | 1.07% |
| 20 | ABNB AIRBNB INC | $25.7M | 0.92% |
Values as reported on the Q4 2022 Form 13F. Every position is in the holdings table below.