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SEC USE ONLY
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended June 30, 2000.
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(Please read instructions before preparing form.)
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If amended report check here: [ ]
PAR Capital Management Inc.
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Name of Institutional Investment Manager
One Financial Center, Suite 1600 Boston MA 02111
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Business Address (Street) (City) (State) (Zip)
Frederick S. Downs Jr., Vice President (617) 526-8990
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Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
---------------------------------- ATTENTION -----------------------------------
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a).
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The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct and complete. It is understood that all
required items, statements and schedules are considered integral parts of this
Form and that the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete as previously
submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of Boston and State of Massachusetts on the 15th day
of August, 2000.
PAR Capital Management Inc.
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(Name of Institutional Investment Manager
/s/Frederick S. Downs Jr.
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(Manual Signature of Person Duly Authorized
to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filled (other than the one filing this report): (List
in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name: 13F File No.: Name: 13F File No.:
--------------------------------------- ---------------------------------------
1. 6.
--------------------------------------- ---------------------------------------
2. 7.
--------------------------------------- ---------------------------------------
3. 8.
--------------------------------------- ---------------------------------------
4. 9.
--------------------------------------- ---------------------------------------
5. 10.
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SEC 1685 (5/91)
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<TABLE>
<CAPTION>
FORM 13F
As of June 30, 2000
-------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Shares of
Name of Issuer Title of Class CUSIP Fair Market Principal
Number Value Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
ACME Electric Corp. Common 004644100 $146,625.00 17,000
-------------------------------------------------------------------------------------------------
Alaska Air Group Inc. Common 011659109 $6,374,375.00 235,000
-------------------------------------------------------------------------------------------------
America West Holding Corp Class B Common 023657208 $13,297,562.50 776,500
-------------------------------------------------------------------------------------------------
Ameristar Casinos Inc Common 03070Q101 $707,687.50 169,000
-------------------------------------------------------------------------------------------------
Ameritrade Holding Corp - Class A Class A Common 03072H109 $657,975.00 56,600
-------------------------------------------------------------------------------------------------
Amtran Inc. Common 03234G106 $6,666,500.00 536,000
-------------------------------------------------------------------------------------------------
Anchor Gaming Common 033037102 $2,157,187.50 45,000
-------------------------------------------------------------------------------------------------
Argosy Gaming Corp Common 040228108 $7,331,250.00 510,000
-------------------------------------------------------------------------------------------------
Ashford.com Common 044093102 $675,625.00 235,000
-------------------------------------------------------------------------------------------------
Best Buy Company Inc Common 086516101 $5,376,250.00 85,000
-------------------------------------------------------------------------------------------------
Boyd Gaming Corp. Common 103304101 $231,956.25 41,700
-------------------------------------------------------------------------------------------------
CDNOW Inc Common 125086108 $3,093,750.00 1,000,000
-------------------------------------------------------------------------------------------------
CKE Restraurants Inc Common 12561E105 $1,137,600.00 379,200
-------------------------------------------------------------------------------------------------
Carmike Cinemas Inc. Class A Common 143436103 $697,112.50 179,900
-------------------------------------------------------------------------------------------------
Casino Data Systems Common 147583108 $768,750.00 120,000
-------------------------------------------------------------------------------------------------
Catalina Marketing Corp. Common 148867104 $15,300,000.00 150,000
-------------------------------------------------------------------------------------------------
Cheescake Factory Inc Common 163072101 $445,500.00 16,200
-------------------------------------------------------------------------------------------------
Crossman Communities Inc. Common 22764E109 $6,616,500.00 401,000
-------------------------------------------------------------------------------------------------
Cumulus Media Inc Class A Common 231082108 $3,650,000.00 400,000
-------------------------------------------------------------------------------------------------
Dover Downs Entertainment Common 260086103 $8,538,600.00 609,900
-------------------------------------------------------------------------------------------------
Edgar Online Inc Common 279765101 $2,318,750.00 700,000
-------------------------------------------------------------------------------------------------
Echostar Communications Class A Common 278762109 $6,224,562.50 188,000
-------------------------------------------------------------------------------------------------
ELITE Information Group Inc Co Common 28659M106 $8,465,831.25 1,220,300
-------------------------------------------------------------------------------------------------
Employee Solutions Inc. Common 292166105 $21,350.00 70,000
-------------------------------------------------------------------------------------------------
ETOYS Inc Common 297862104 $2,230,462.50 351,600
-------------------------------------------------------------------------------------------------
Expedia Inc. Class A Common 302125109 $705,075.00 47,600
-------------------------------------------------------------------------------------------------
4 Kids Entertainment Inc Common 350865101 $2,660,981.25 102,100
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FORM 13F
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(SEC USE ONLY)
As of June 30, 2000 Name of Reporting manager:PAR CAPITAL MANANAGEMENT, INC.
------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8
Investment Discretion Voting Authority (Shares)
----------------------------------- ---------------------------------------
Name of Issuer (a) Sole (b) Shared- (c) Shared- Managers (a) Sole (b) Shared (c) None
As Defined Other See Instr. V
in Instr. V
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ACME Electric Corp. X 17,000
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Alaska Air Group Inc. X 235,000
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America West Holding Corp X 776,500
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Ameristar Casinos Inc X 169,000
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Ameritrade Holding Corp - Class A X 56,600
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Amtran Inc. X 536,000
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Anchor Gaming X 45,000
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Argosy Gaming Corp X 510,000
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Ashford.com X 235,000
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Best Buy Company Inc X 85,000
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Boyd Gaming Corp. X 41,700
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CDNOW Inc X 1,000,000
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CKE Restraurants Inc X 379,200
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Carmike Cinemas Inc. X 179,900
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Casino Data Systems X 120,000
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Catalina Marketing Corp. X 150,000
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Cheescake Factory Inc X 16,200
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Crossman Communities Inc. X 401,000
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Cumulus Media Inc X 400,000
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Dover Downs Entertainment X 609,900
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Edgar Online Inc X 700,000
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Echostar Communications X 188,000
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ELITE Information Group Inc Co X 1,220,300
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Employee Solutions Inc. X 70,000
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ETOYS Inc X 351,600
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Expedia Inc. X 47,600
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4 Kids Entertainment Inc X 102,100
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</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
FORM 13F
As of June 30, 2000
-------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Shares of
Name of Issuer Title of Class CUSIP Fair Market Principal
Number Value Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Friedman Billings Ramsey Group Inc Class A Common 358433100 $755,625.00 93,000
-------------------------------------------------------------------------------------------------
Galileo International Inc. Common 363547100 $5,636,250.00 270,000
-------------------------------------------------------------------------------------------------
General Motors Corp Class H Common 370442832 $12,285,000.00 140,000
-------------------------------------------------------------------------------------------------
Getthere.com Inc Common 274266104 $595,725.00 56,400
-------------------------------------------------------------------------------------------------
Global Technovations Inc Common 37939M109 $383,062.50 340,500
-------------------------------------------------------------------------------------------------
Golden State Vintners Inc. Class B Common 38121K208 $1,031,250.00 250,000
-------------------------------------------------------------------------------------------------
GTECH Holdings Corporation Common 400518106 $11,543,400.00 508,800
-------------------------------------------------------------------------------------------------
Harrahs Entertainment Inc Common 413619107 $14,132,812.50 675,000
-------------------------------------------------------------------------------------------------
Healthcare Recoveries Inc. Common 42220K101 $4,541,475.00 1,274,800
-------------------------------------------------------------------------------------------------
Hilton Hotels Corp Common 432848109 $6,562,500.00 700,000
Hollywood Casino Corp Class A Common 436132203 $4,584,300.00 660,800
-------------------------------------------------------------------------------------------------
Host Marriott Corp New REIT Common 44107P104 $1,875,000.00 200,000
-------------------------------------------------------------------------------------------------
Imagyn Medical Technologies Inc. Common 45244E100 $1,958.33 78,333
-------------------------------------------------------------------------------------------------
International Speedway Corp Class A Common 460335201 $289,625.00 7,000
-------------------------------------------------------------------------------------------------
Lodgenet Entertainment Corp. Common 540211109 $12,125,000.00 500,000
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Learn2.com Inc Common 522002104 $63,984.38 32,500
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Liberate Technologies Common 530129105 $1,025,937.50 35,000
-------------------------------------------------------------------------------------------------
MGM Grand Inc Common 55295101 $17,668,750.00 550,000
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Mesa Air Group Inc Common 552953101 $2,323,125.00 420,000
-------------------------------------------------------------------------------------------------
Mesaba Holdings Inc Common 59066B102 $9,562,500.00 1,000,000
-------------------------------------------------------------------------------------------------
Mid Atlantic Medical Services, Inc. Common 59523C107 $30,064,500.00 2,227,000
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Robert Mondavi Corp Class A Common 609200100 $748,775.00 24,400
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Morton Industrial Group Inc. Common 619328107 $888,750.00 237,000
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Navigant International Inc Common 63935R108 $325,325.00 33,800
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Northwest Airlines Corp Class A Common 667280101 $9,055,156.25 297,500
-------------------------------------------------------------------------------------------------
OpenTV Corp Class A Common G6754310 $1,189,187.50 26,500
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Pacific Health Systems Common 695112102 $2,907,056.25 48,300
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FORM 13F
---------------------------------------
(SEC USE ONLY)
As of June 30, 2000 Name of Reporting manager:PAR CAPITAL MANANAGEMENT, INC.
------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8
Investment Discretion Voting Authority (Shares)
----------------------------------- ---------------------------------------
Name of Issuer (a) Sole (b) Shared- (c) Shared- Managers (a) Sole (b) Shared (c) None
As Defined Other See Instr. V
in Instr. V
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Friedman Billings Ramsey Group Inc X 93,000
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Galileo International Inc. X 270,000
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General Motors Corp X 140,000
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Getthere.com Inc X 56,400
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Global Technovations Inc X 340,500
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Golden State Vintners Inc. X 250,000
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GTECH Holdings Corporation X 508,800
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Harrahs Entertainment Inc X 675,000
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Healthcare Recoveries Inc. X 1,274,800
------------------------------------------------------------------------------------------------------------------------------
Hilton Hotels Corp X 700,000
Hollywood Casino Corp X 660,800
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Host Marriott Corp New REIT X 200,000
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Imagyn Medical Technologies Inc. X 78,333
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International Speedway Corp X 7,000
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Lodgenet Entertainment Corp. X 500,000
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Learn2.com Inc X 32,500
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Liberate Technologies X 35,000
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MGM Grand Inc X 550,000
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Mesa Air Group Inc X 420,000
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Mesaba Holdings Inc X 1,000,000
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Mid Atlantic Medical Services, Inc X 2,227,000
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Robert Mondavi Corp X 24,400
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Morton Industrial Group Inc. X 237,000
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Navigant International Inc X 33,800
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Northwest Airlines Corp X 297,500
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OpenTV Corp X 26,500
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Pacific Health Systems X 48,300
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</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
FORM 13F
As of June 30, 2000
-------------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Shares of
Name of Issuer Title of Class CUSIP Fair Market Principal
Number Value Amount
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Pegasus Communications Corp. Class A Common 705904100 $88,312,500.00 1,800,000
-------------------------------------------------------------------------------------------------
Pegasus Systems Inc Common 705906105 $761,250.00 70,000
-------------------------------------------------------------------------------------------------
Penn National Gaming Inc. Common 707569109 $15,730,062.50 1,154,500
-------------------------------------------------------------------------------------------------
Phoenix Healthcare Corp Common 719072100 $24,705.00 91,500
-------------------------------------------------------------------------------------------------
Physician Computer Network Common 71940K109 $4,392.50 251,000
-------------------------------------------------------------------------------------------------
Pixar Common 725811103 $9,519,262.50 270,050
-------------------------------------------------------------------------------------------------
Pinnacle Entertainment Inc. Common 723456109 $23,443,568.75 1,206,100
-------------------------------------------------------------------------------------------------
Puradyn Filter Technologies Inc Common 746091107 $956,250.00 100,000
-------------------------------------------------------------------------------------------------
Radio Unica Communications Corp Common 75040Q106 $157,500.00 22,500
-------------------------------------------------------------------------------------------------
Rainforest Cafe Inc. Common 75086K104 $1,376,906.25 463,800
-------------------------------------------------------------------------------------------------
Resortquest International Inc Common 761183102 $275,725.00 53,800
-------------------------------------------------------------------------------------------------
Sabre Group Holdings, Inc. Common 785905100 $29,098,500.00 1,021,000
-------------------------------------------------------------------------------------------------
Spanish Broadcasting System Inc. Class A Common 846425882 $2,261,875.00 110,000
-------------------------------------------------------------------------------------------------
Station Casinos Inc. Common 857689103 $66,475,000.00 2,659,000
-------------------------------------------------------------------------------------------------
Streamline.Com Inc Common 863239109 $881,250.00 300,000
-------------------------------------------------------------------------------------------------
Sunrise Technologies Inc Common 86769L103 $1,544,000.00 154,400
-------------------------------------------------------------------------------------------------
THQ Inc. Common 872443403 $11,444,062.50 939,000
-------------------------------------------------------------------------------------------------
TV Guide Inc Class A Common 87307Q109 $4,281,250.00 125,000
-------------------------------------------------------------------------------------------------
Travelocity.com Inc. Common 893953109 $4,175,625.00 255,000
-------------------------------------------------------------------------------------------------
Universal Health Services Inc. Common 913903100 $13,296,500.00 203,000
-------------------------------------------------------------------------------------------------
Univision Communications Class A Common 914906102 $15,007,500.00 145,000
-------------------------------------------------------------------------------------------------
Valence Technology Inc Common 918914102 $921,875.00 50,000
-------------------------------------------------------------------------------------------------
WABTEC Corp Common 929740108 $939,975.00 90,600
-------------------------------------------------------------------------------------------------
Young Broadcasting Inc Class A Common 987434107 $6,550,312.50 255,000
-------------------------------------------------------------------------------------------------
Zixit Corp Common 98974P100 $847,550.00 18,400
-------------------------------------------------------------------------------------------------
Total Long Equities $556,951,246.45
-----------------
</TABLE>
<TABLE>
<CAPTION>
FORM 13F
---------------------------------------
(SEC USE ONLY)
As of June 30, 2000 Name of Reporting manager:PAR CAPITAL MANANAGEMENT, INC.
------------------------------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8
Investment Discretion Voting Authority (Shares)
----------------------------------- ---------------------------------------
Name of Issuer (a) Sole (b) Shared- (c) Shared- Managers (a) Sole (b) Shared (c) None
As Defined Other See Instr. V
in Instr. V
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Pegasus Communications Corp. X 1,800,000
-----------------------------------------------------------------------------------------------------------------------------
Pegasus Systems Inc X 70,000
-----------------------------------------------------------------------------------------------------------------------------
Penn National Gaming Inc. X 1,154,500
-----------------------------------------------------------------------------------------------------------------------------
Phoenix Healthcare Corp X 91,500
-----------------------------------------------------------------------------------------------------------------------------
Physician Computer Network X 251,000
-----------------------------------------------------------------------------------------------------------------------------
Pixar X 270,050
-----------------------------------------------------------------------------------------------------------------------------
Pinnacle Entertainment Inc. X 1,206,100
-----------------------------------------------------------------------------------------------------------------------------
Puradyn Filter Technologies Inc X 100,000
-----------------------------------------------------------------------------------------------------------------------------
Radio Unica Communications Corp X 22,500
-----------------------------------------------------------------------------------------------------------------------------
Rainforest Cafe Inc. X 463,800
-----------------------------------------------------------------------------------------------------------------------------
Resortquest International Inc X 53,800
-----------------------------------------------------------------------------------------------------------------------------
Sabre Group Holdings, Inc. X 1,021,000
-----------------------------------------------------------------------------------------------------------------------------
Spanish Broadcasting System Inc. X 110,000
-----------------------------------------------------------------------------------------------------------------------------
Station Casinos Inc. X 2,659,000
-----------------------------------------------------------------------------------------------------------------------------
Streamline.Com Inc X 300,000
-----------------------------------------------------------------------------------------------------------------------------
Sunrise Technologies Inc X 154,400
-----------------------------------------------------------------------------------------------------------------------------
THQ Inc. X 939,000
-----------------------------------------------------------------------------------------------------------------------------
TV Guide Inc X 125,000
-----------------------------------------------------------------------------------------------------------------------------
Travelocity.com Inc. X 255,000
-----------------------------------------------------------------------------------------------------------------------------
Universal Health Services Inc. X 203,000
-----------------------------------------------------------------------------------------------------------------------------
Univision Communications X 145,000
-----------------------------------------------------------------------------------------------------------------------------
Valence Technology Inc X 50,000
-----------------------------------------------------------------------------------------------------------------------------
WABTEC Corp X 90,600
-----------------------------------------------------------------------------------------------------------------------------
Young Broadcasting Inc X 255,000
-----------------------------------------------------------------------------------------------------------------------------
Zixit Corp X 18,400
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
