Hedge fund update: PAR Capital Management
One in a series of updates on Boston hedge fund holdings based on quarterly reports filed with the Securities and Exchange Commission this week:
PAR Capital Management, a hedge fund known for its investment in the airline and gaming industries, reported slightly lower assets of $1.1 billion as of June 30 in its latest filing (those reports only cover long stock positions and some equity derivatives). PAR Capital made news during the quarter by selling its huge stake in US Airways Group Inc., an investment valued at $319 million at the end of the second quarter.
The 10 largest positions reported by PAR Capital, as of June 30, were: Priceline Inc. ($201.7 million), Google Inc. ($78.4 million), Penn National Gaming Inc. ($77.2 million), Lodgenet Entertainment Corp. ($69.2 million), UnitedHealth Group Inc. ($61.4 mllion), Allegiant Travel Co. ($53.8 million), Bally Technologies Inc. ($31.3 million), Vonage Holdings Inc. ($29.2 million), Triad Hospital Inc. ($39.1 million) and Marchex Inc. ($24.9 million).
PAR Capital's top 10 on March 31, disclosed in a previous securities filing, were: US Airways, Priceline, Penn National Gaming, Google Inc., UnitedHealth Group, Allegiant Travel, Triad Hospital, Vonage, Lodgenet Entertainment and Republic Airways Holding Inc.
You can read the entire PAR Capital second quarter filing HERE. To get an idea what else has changed in the PAR Capital portfolio take a look at the first-quarter report HERE.
