Q1 2025 Holdings
Filed 2025-05-15 | 49 holdings | $3.0B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Expedia Group Inc(EXPE) | COM NEW | 30212P303 | $401.4M | 2,387,750 | 13.4% |
| Synchrony Financial(SYF) | COM | 87165B103 | $397.1M | 7,500,000 | 13.3% |
| United Airls Hldgs Inc(UAL) | COM | 910047109 | $334.3M | 4,841,050 | 11.2% |
| Uber Technologies Inc(UBER) | COM | 90353T100 | $330.0M | 4,529,829 | 11.0% |
| WEX Inc(WEX) | COM | 96208T104 | $290.6M | 1,850,500 | 9.7% |
| Southwest Airls Co(LUV) | COM | 844741108 | $198.7M | 5,916,492 | 6.6% |
| Booking Holdings Inc(BKNG) | COM | 09857L108 | $173.8M | 37,731 | 5.8% |
| Delta AIR Lines Inc del(DAL) | COM NEW | 247361702 | $155.4M | 3,564,000 | 5.2% |
| Cargurus Inc(CARG) | COM CL A | 141788109 | $81.9M | 2,810,956 | 2.7% |
| Carvana Co(CVNA) | CL A | 146869102 | $78.9M | 377,200 | 2.6% |
| Schwab Charles Corp(SCHW) | COM | 808513105 | $70.8M | 905,000 | 2.4% |
| Avis Budget Group(CAR) | COM | 053774105 | $57.1M | 751,770 | 1.9% |
| Alaska AIR Group Inc(ALK) | COM | 011659109 | $52.9M | 1,075,576 | 1.8% |
| Tripadvisor Inc(TRIP) | COM | 896945201 | $41.0M | 2,896,475 | 1.4% |
| Webster Finl Corp(WBS) | COM | 947890109 | $36.1M | 700,000 | 1.2% |
| Sabre Corp(SABR) | COM | 78573M104 | $34.5M | 12,267,052 | 1.2% |
| Skywest Inc(SKYW) | COM | 830879102 | $31.8M | 363,451 | 1.1% |
| Avidxchange Holdings Inc(AVDX) | COM | 05368X102 | $28.0M | 3,300,000 | 0.9% |
| Allegiant Travel Co(ALGT) | COM | 01748X102 | $27.2M | 526,430 | 0.9% |
| SUN Ctry Airls Hldgs Inc(SNCY) | COM | 866683105 | $24.1M | 1,959,372 | 0.8% |
| Marriott Intl Inc New(MAR) | CL A | 571903202 | $18.8M | 79,100 | 0.6% |
| Lyft Inc(LYFT) | CL A COM | 55087P104 | $18.7M | 1,575,000 | 0.6% |
| Ryanair Holdings PLC(RYAAY) | SPONSORED ADR | 783513203 | $15.1M | 356,000 | 0.5% |
| Trivago N V(TRVG) | SPON ADS A SHS N | 89686D303 | $14.6M | 3,567,969 | 0.5% |
| Latam Airlines Group SA(LTM) | SPONSORED ADR | 51817R205 | $14.6M | 467,500 | 0.5% |
| Jetblue Awys Corp(JBLU) | COM | 477143101 | $12.9M | 2,672,555 | 0.4% |
| Frontier Group Hldgs Inc(ULCC) | COM | 35909R108 | $9.4M | 2,156,100 | 0.3% |
| Hyatt Hotels Corp(H) | COM CL A | 448579102 | $7.0M | 56,961 | 0.2% |
| United Airls Hldgs Inc(UAL)Put | COM | 910047109 | $6.9M | 100,000 | 0.2% |
| Global Business Travel Group(GBTG) | COM CL A | 37890B100 | $5.4M | 746,730 | 0.2% |
| Hertz Global Hldgs Inc(HTZ) | COM NEW | 42806J700 | $3.9M | 1,000,571 | 0.1% |
| Maplebear Inc(CART) | COM | 565394103 | $3.5M | 86,500 | 0.1% |
| Alphabet Inc(GOOG) | CAP STK CL C | 02079K107 | $3.4M | 21,900 | 0.1% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $2.4M | 27,000 | 0.1% |
| Uber Technologies Inc(UBER)Put | COM | 90353T100 | $1.1M | 15,500 | 0.0% |
| Meta Platforms Inc(META) | CL A | 30303M102 | $789.6K | 1,370 | 0.0% |
| Visa Inc(V) | COM CL A | 92826C839 | $750.0K | 2,140 | 0.0% |
| Doordash Inc(DASH) | CL A | 25809K105 | $731.1K | 4,000 | 0.0% |
| Citigroup Inc(C) | COM NEW | 172967424 | $709.9K | 10,000 | 0.0% |
| Bank America Corp(BAC) | COM | 060505104 | $638.5K | 15,300 | 0.0% |
| SEI Invts Co(SEIC) | COM | 784117103 | $582.2K | 7,500 | 0.0% |
| Carnival Corp(CCL) | UNIT 99/99/9999 | 143658300 | $531.2K | 27,200 | 0.0% |
| Grab Holdings Limited(GRAB) | CLASS A ORD | G4124C109 | $530.0K | 117,000 | 0.0% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $494.7K | 2,600 | 0.0% |
| Carnival Corp(CCL)Put | UNIT 99/99/9999 | 143658300 | $459.0K | 23,500 | 0.0% |
| Flex LTD(FLEX) | ORD | Y2573F102 | $327.8K | 9,910 | 0.0% |
| Mastercard Incorporated(MA) | CL A | 57636Q104 | $274.1K | 500 | 0.0% |
| Hilton Worldwide Hldgs Inc(HLT) | COM | 43300A203 | $216.2K | 950 | 0.0% |
| Eventbrite Inc(EB) | COM CL A | 29975E109 | $111.8K | 53,000 | 0.0% |