0001193125-13-059719.txt : 20130214 0001193125-13-059719.hdr.sgml : 20130214 20130214150112 ACCESSION NUMBER: 0001193125-13-059719 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 EFFECTIVENESS DATE: 20130214 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: 13612456 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 d474346d13fhr.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: 12/31/2012 ---------- 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 2/14/2013 --------------------- --------------------------- ------------------- [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: 57 ---------------- Form 13F Information Table Value Total: $ 2,297,039,219 ---------------- (thousands) List of Other Included Managers: None As of December 31, 2012 As of December 31, 2012

Investment Discretion Voting Authority (Shares) TITLE OF CUSIP FAIR PRINCIPAL SHR /PUT SHARED OTHER NAME OF ISSUER CLASS NUMBER MARKET VALUE AMOUNT /PRN /CALL SOLE SHARED OTHERS MANAGERS SOLE SHARED NONE Acme Packet, Inc Common 004764106 12,944,602 585,199 SHR SOLE 585,199 Aetna Inc Common 00817Y108 120,406,000 2,600,000 SHR SOLE 2,600,000 Aixtron SE- Sponsored ADR Spons ADR 009606104 10,179,106 851,808 SHR SOLE 851,808 Alaska Air Group Common 011659109 178,521,870 4,143,000 SHR SOLE 4,143,000 Almost Family Inc Common 020409108 8,104,000 400,000 SHR SOLE 400,000 American Railcar Industries Common 02916P103 8,121,896 255,969 SHR SOLE 255,969 Ameristar Casinos, Inc Common 03070Q101 68,639,642 2,615,840 SHR SOLE 2,615,840 ARM Holdings PLC Spons ADR 042068106 31,599,399 835,300 SHR SOLE 835,300 Atlas Air Worldwide Holdings Common 049164205 1,843,712 41,600 SHR SOLE 41,600 Avis Budget Group Inc Common 053774105 146,187,385 7,375,751 SHR SOLE 7,375,751 Bally Technologies Common 05874B107 42,552,295 951,740 SHR SOLE 951,740 Boyd Gaming Common 103304101 42,599,418 6,415,575 SHR SOLE 6,415,575 Churchill Downs Common 171484108 57,017,888 858,057 SHR SOLE 858,057 Cree Inc. Common 225447101 11,223,594 330,300 SHR SOLE 330,300 Cypress Semiconductor Corp Common 232806109 21,383,840 1,972,679 SHR SOLE 1,972,679 Delta Airlines Inc Common 247361702 130,570,000 11,000,000 SHR SOLE 11,000,000 Dover Motorsports Inc. Common 260174107 1,135,563 671,931 SHR SOLE 671,931 Eagle Materials Inc. Common 26969P108 3,662,100 62,600 SHR SOLE 62,600 Energy XXI Bermuda Common G10082140 4,021,250 125,000 SHR SOLE 125,000 Expedia Inc Common 30212P105 75,018,240 1,221,000 SHR SOLE 1,221,000 Freeport-McMoran Cooper Common 35671D857 3,420,000 100,000 SHR SOLE 100,000 General Motors Common 37045V100 3,561,947 123,550 SHR SOLE 123,550 Genesee & Wyoming Inc Class A 371559105 8,245,703 108,382 SHR SOLE 108,382 Greenbrier Companies, Inc Common 393657101 26,675,649 1,649,700 SHR SOLE 1,649,700 Humana Inc Common 444859102 110,446,259 1,609,300 SHR SOLE 1,609,300 Informatica Corp. Common 460335201 10,388,360 342,624 SHR SOLE 342,624 International Speedway Class A 45666Q102 530,868 19,200 SHR SOLE 19,200 Isle of Capri Casinos Common 464592104 6,429,830 1,148,184 SHR SOLE 1,148,184 Jive Software Inc Common 47760A108 8,805,398 606,015 SHR SOLE 606,015 Lakes Entertainment Inc Common 51206P109 3,950,742 1,316,914 SHR SOLE 1,316,914 Lodgenet Entertainment Corp Common 540211109 148,200 2,850,000 SHR SOLE 2,850,000 Lone Pine Resources Inc Common 54222A106 483,250 392,886 SHR SOLE 392,886 MarineMax Inc Common 567908108 5,364,000 600,000 SHR SOLE 600,000 Medcath Corporation Common 58404W109 3,329,229 1,631,975 SHR SOLE 1,631,975 Melco Crown Entertainment Spons AD 585464100 49,008,728 2,910,257 SHR SOLE 2,910,257 MTR Gaming Group Inc Common 553769100 5,158,290 1,237,000 SHR SOLE 1,237,000 Nuance Communications, Inc Common 67020Y100 28,013,832 1,255,100 SHR SOLE 1,255,100 Orbitz Worldwide Inc Common 68557K109 66,925,856 24,605,094 SHR SOLE 24,605,094 Owens Corning Inc Common 690742101 10,505,160 284,000 SHR SOLE 284,000 Penn National Gaming Common 707569109 123,359,802 2,511,908 SHR SOLE 2,511,908 Pinnacle Enmt Common 723456109 4,883,555 308,500 SHR SOLE 308,500 Pozen Inc Common 73941U102 11,862,267 2,367,718 SHR SOLE 2,367,718 Priceline.com Common 741503403 190,769,925 307,500 SHR SOLE 307,500 Pure Cycle Corp Common 746228303 16,931,805 5,982,970 SHR SOLE 5,982,970 Salesforce.com, Inc Common 79466L302 7,144,250 42,500 SHR SOLE 42,500 Spirit Airlines Inc Common 848577102 53,191,500 3,000,000 SHR SOLE 3,000,000 Synaptics Inc. Common 87157D109 8,880,111 296,300 SHR SOLE 296,300 Tenet Healthcare Corp Common 88033G407 3,247,000 100,000 SHR SOLE 100,000 Tripadvisor Inc. Common 896945201 132,688,496 3,165,279 SHR SOLE 3,165,279 United Rentals Inc. Common 911363109 63,856,048 1,402,813 SHR SOLE 1,402,813 UnitedHealth Group Inc Common 91324P102 94,920,000 1,750,000 SHR SOLE 1,750,000 Universal Health Services Class B 913903100 38,936,255 805,300 SHR SOLE 805,300 ValueVision Media, Inc Common 92047K107 8,730,000 4,850,000 SHR SOLE 4,850,000 VMware, Inc. Class A 928563402 17,353,014 184,332 SHR SOLE 184,332 Wellcare Health Plans Common 94946T106 24,345,000 500,000 SHR SOLE 500,000 Wellpoint Inc. Common 94973V107 146,208,000 2,400,000 SHR SOLE 2,400,000 Zillow Inc Common 98954A107 22,609,091 814,742 SHR SOLE 814,742 2,297,039,219