AUMdb

Par Capital Management, Inc.

SEC-registered Private Fund Manager · Mid-sized ($1B–$10B) CRD 156596 · SEC file 801-73100 · Boston, MA · PARCAPITAL.COM
☆ Save with Pro ADV data as of Mar 12, 2026
Regulatory AUM
$1.5B
Discretionary
$1.5B
Clients
1
Avg AUM / client
$1.5B
Accounts
1
Employees
12

AUM over time

$1.4B $7.5B
Dec 2011 Dec 2025

Annual snapshots from Form ADV filings · as of Mar 12, 2026

Investments (13F portfolio — 45 positions, $3,451,580,722)

13F period Mar 31, 2026
#IssuerClassValueShares% of 13F% of AUM
1 Synchrony Financial COM $517,777,559 7,612,137 15.0% 35.2%
2 United Airls Hldgs Inc COM $460,059,980 4,996,850 13.3% 31.3%
3 Expedia Group Inc COM NEW $450,724,987 1,952,120 13.1% 30.6%
4 Wex Inc COM $345,102,751 2,254,984 10.0% 23.5%
5 Uber Technologies Inc COM $268,800,468 3,736,973 7.79% 18.3%
6 Delta Air Lines Inc COM NEW $234,836,944 3,532,445 6.8% 16.0%
7 Southwest Airls Co COM $196,085,043 5,219,192 5.68% 13.3%
8 Booking Holdings Inc COM $179,245,953 42,573 5.19% 12.2%
9 Carvana Co CL A $109,363,999 347,872 3.17% 7.43%
10 Airbnb Inc COM CL A $94,394,300 747,500 2.73% 6.42%
11 Allegiant Travel Co COM $68,575,319 846,191 1.99% 4.66%
12 Alaska Air Group Inc COM $58,167,570 1,581,500 1.69% 3.95%
13 Hyatt Hotels Corp COM CL A $48,672,915 338,500 1.41% 3.31%
14 Tripadvisor Inc COM $43,408,096 4,072,054 1.26% 2.95%
15 Lyft Inc CL A COM $41,629,000 3,130,000 1.21% 2.83%
16 Skywest Inc COM $32,868,069 357,923 0.95% 2.23%
17 Marriott Intl Inc New CL A $29,436,300 90,000 0.85% 2.0%
18 Avis Budget Group Inc COM $29,170,000 200,000 0.85% 1.98%
19 Sun Ctry Airls Hldgs Inc COM $24,248,056 1,467,800 0.7% 1.65%
20 Visa Inc COM CL A $24,179,200 80,000 0.7% 1.64%
21 Schwab Charles Corp COM $23,805,134 253,300 0.69% 1.62%
22 Ryanair Holdings Plc SPONSORED ADR $19,941,000 345,000 0.58% 1.36%
23 Alphabet Inc CAP STK CL C $19,850,712 69,200 0.58% 1.35%
24 Jetblue Airways Corp COM $19,701,819 4,457,425 0.57% 1.34%
25 Copa Holdings Sa CL A $17,859,151 157,197 0.52% 1.21%

Top 25 of 45 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).

Who they serve

Client typeClientsAUM% of AUM
Pooled investment vehicles (non-investment companies) 1 $1.5B 100.0%

Private funds (1)

Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $2.8B combined gross assets

FundTypeDomicileGross assetsOwners
Par Investment Partners, L.P. Hedge Fund Delaware $2.8B 85

People (4)

NameRole / titleCredentialsWith firm sinceOwnership
Reeder, Paul, Arlington Shareholder/President May 1992 (34y) 75% or more
Smith, Steven, Michael Shareholder / Chief Operating Officer, General Counsel And Chief Compliance Officer Nov 2010 (16y) 5% – 10%
Moeykens, William, David Vice President Of Finance Jan 2012 (15y) Less than 5%
Zimman, Marc, Daniel Shareholder/Vice President Jan 2020 (7y) 10% – 25%

Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.

Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.

Private funds (1, $2.8B gross assets)

FundTypeGross assetsMin. investmentOwners
Par Investment Partners, L.P. Hedge Fund $2.8B $1.0M 85

From Form ADV Section 7.B private fund reporting.

Documents (1 archived)

FormPeriodSize
Form ADV (full filing) 03/12/2026 1.25 MB View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

No disciplinary events reported on the firm's latest Form ADV filing.

How they charge

  • Percentage of assets under management
  • Performance-based fees

Services

  • Portfolio management for pooled investment vehicles

Custody

Firm reports having custody of client funds or securities (Item 9.A).

No custodian data reported or mined yet.

Source

All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 12, 2026.

View current Form ADV (SEC/IAPD) ↗