0001193125-12-234203.txt : 20120515 0001193125-12-234203.hdr.sgml : 20120515 20120515150600 ACCESSION NUMBER: 0001193125-12-234203 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PAR CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001051359 IRS NUMBER: 043153755 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06766 FILM NUMBER: 12843801 BUSINESS ADDRESS: STREET 1: ONE INTERNATIONAL PLACE SUITE 2401 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6175268964 MAIL ADDRESS: STREET 1: ONE INTERNATIONAL PLACE SUITE 2401 CITY: BOSTON STATE: MA ZIP: 02110 13F-HR 1 d343198d13fhr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2012 ---------- Check here if Amendment: [ ]; Amendment Number: --------- This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: PAR Capital Management, Inc. Address: One International Place, Suite 2401 Boston, MA 02110 Form 13F File Number: 28-06766 -------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Steven M. Smith Title: Chief Operating Officer and General Counsel Phone: 617-526-8990 Signature, Place, and Date of Signing: /s/ Steven M. Smith Boston, MA 5/15/12 --------------------- --------------------------- ------------------- [Signature] [City, State] [Date] Report Type (Check one only): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 66 ------------- Form 13F Information Table Value Total: $ 3,134,794 ------------- (thousands) List of Other Included Managers: None As of March 31, 2012 As of March 31, 2012
INVESTMENT DISCRESTION VOTING AUTHORITY (SHARES) SHR/ FAIR PRN/ TITLE OF CUSIP MARKET PRINCIPAL PUT/ SHARED OTHER NAME OF ISSUER CLASS NUMBER VALUE AMOUNT CALL SOLE SHARED OTHERS MANAGERS SOLE SHARED NONE ----------------------------- --------- --------- ----------- ---------- ---- ---- ------ ------ -------- ---- ---------- ---- Acme Packet Inc Common 004764106 3,057,472 111,100 SHR SOLE 111,100 Aetna Inc Common 00817Y108 62,705,016 1,250,100 SHR SOLE 1,250,100 Alaska Air Group Common 011659109 131,682,487 3,676,228 SHR SOLE 3,676,228 Allegiant Travel Co Common 01748X102 42,409,938 778,164 SHR SOLE 778,164 American Railcar Industries Common 02916P103 5,235,677 222,700 SHR SOLE 222,700 Ameristar Casinos Inc Common 03070Q101 49,118,703 2,636,538 SHR SOLE 2,636,538 Ariba Inc Common 04033V203 22,079,250 675,000 SHR SOLE 675,000 Atlas Air Worldwide Holdings Common 049164205 5,933,102 120,567 SHR SOLE 120,567 Avis Budget Group Inc Common 053774105 95,225,043 6,729,685 SHR SOLE 6,729,685 Bally Technologies Common 05874B107 73,617,225 1,574,700 SHR SOLE 1,574,700 Boyd Gaming Common 103304101 30,228,633 3,855,693 SHR SOLE 3,855,693 BroadSoft Inc Common 11133B409 7,301,504 190,889 SHR SOLE 190,889 Churchill Downs Common 171484108 47,928,940 857,405 SHR SOLE 857,405 Cypress Semiconductor Corp Common 232806109 21,744,128 1,391,179 SHR SOLE 1,391,179 Delta Airlines Inc Common 247361702 148,725,000 15,000,000 SHR SOLE 15,000,000 Dollar Thrifty Automotive Common 256743105 184,387,822 2,278,925 SHR SOLE 2,278,925 Dover Motorsports Common 260174107 994,458 671,931 SHR SOLE 671,931 Eagle Materials Inc Common 26969P108 2,606,250 75,000 SHR SOLE 75,000 Elan PLC Common 284131208 15,010,000 1,000,000 CALL SOLE 1,000,000 Expedia Inc Common 30212P105 99,672,936 2,980,650 SHR SOLE 2,980,650 Express Scripts Inc Common 302182100 49,520,520 914,000 SHR SOLE 914,000 First Marblehead Corp Common 320771108 732,000 600,000 SHR SOLE 600,000 Gastar Exploration Ltd Common 367299203 608,226 203,420 SHR SOLE 203,420 General Motors Common 37045V100 9,068,558 353,550 SHR SOLE 353,550 Genesee & Wyoming Inc Class A 371559105 8,808,230 161,382 SHR SOLE 161,382 Great Wolf Resorts Inc Common 391523107 6,290,284 1,099,700 SHR SOLE 1,099,700 Greenbrier Companies Inc Common 393657101 15,634,100 790,000 SHR SOLE 790,000 Gulfport Energy Corp Common 402635304 728,000 25,000 SHR SOLE 25,000 Humana Inc Common 444859102 55,488,000 600,000 SHR SOLE 600,000 IMAX Corp Common 45245E109 14,664,000 600,000 SHR SOLE 600,000 Informatica Corp Common 45666q102 18,124,810 342,624 SHR SOLE 342,624 Isle of Capri Casinos Common 464592104 13,632,507 1,930,950 SHR SOLE 1,930,950 Jive Software Common 47760A108 4,117,456 151,600 SHR SOLE 151,600 Lakes Entertainment Inc Common 51206P109 2,370,445 1,316,914 SHR SOLE 1,316,914 Las Vegas Sands Corp Common 517834107 28,785,000 500,000 SHR SOLE 500,000 Lodgenet Entertainment Corp Common 540211109 9,975,000 2,850,000 SHR SOLE 2,850,000 Lone Pine Resources Inc Common 54222A106 2,860,000 440,000 SHR SOLE 440,000 MarineMax Inc Common 567908108 5,306,646 644,793 SHR SOLE 644,793 Medcath Corporation Common 58404W109 12,827,324 1,631,975 SHR SOLE 1,631,975 Melco Crown Entertainment Spons ADR 585464100 31,903,564 2,338,971 SHR SOLE 2,338,971 MGM Resorts Intl Common 552953101 50,734,500 3,725,000 SHR SOLE 3,725,000 MTR Gaming Group Inc Common 553769100 4,910,000 1,000,000 SHR SOLE 1,000,000 Nuance Communications Inc Common 67020Y100 17,650,200 690,000 SHR SOLE 690,000 Old Dominion Freight Line Common 679580100 5,224,060 109,588 SHR SOLE 109,588 Orbitz Worldwide Inc Common 68557K109 75,045,537 24,605,094 SHR SOLE 24,605,094 Penn National Gaming Common 707569109 100,440,306 2,336,908 SHR SOLE 2,336,908 Plains Exploration & Product Common 726505100 2,057,010 48,230 SHR SOLE 48,230 Pozen Inc Common 73941U102 14,206,308 2,367,718 SHR SOLE 2,367,718 Priceline.com Common 741503403 682,280,078 950,913 SHR SOLE 950,913 Pure Cycle Corp Common 746228303 12,957,863 5,982,970 SHR SOLE 5,982,970 Republic Airways Holdings Inc Common 760276105 1,729,000 350,000 SHR SOLE 350,000 Salesforce.com Inc Common 79466L302 14,137,665 91,500 SHR SOLE 91,500 Spirit Airlines Inc Common 848577102 107,646,930 5,363,574 SHR SOLE 5,363,574 The Manitowoc Company Inc Common 563571108 9,244,620 667,000 SHR SOLE 667,000 Trex Company Common 89531P105 4,358,517 135,864 SHR SOLE 135,864 Trip Advisor Common 896945201 106,319,786 2,980,650 SHR SOLE 2,980,650 United Continental Holdings Common 910047109 102,967,929 4,789,206 SHR SOLE 4,789,206 United Rentals Inc Common 911363109 54,367,922 1,267,613 SHR SOLE 1,267,613 UnitedHealth Group Inc Common 91324P102 279,965,000 4,750,000 SHR SOLE 4,750,000 Universal Health Services Class B 913903100 28,435,935 678,500 SHR SOLE 678,500 USG Corporation Common 903293405 4,128,000 240,000 SHR SOLE 240,000 ValueVision Media Inc Common 92047K107 10,039,500 4,850,000 SHR SOLE 4,850,000 VMware Inc Class A 928563402 21,895,295 194,850 SHR SOLE 194,850 Wellpoint Inc Common 94973V107 81,180,000 1,100,000 SHR SOLE 1,100,000 Wynn Resorts Ltd Common 983134957 874,160 70,000 PUT SOLE 70,000 Zillow Inc Common 98954A107 889,750 25,000 SHR SOLE 25,000