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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 September 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 November, 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.
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2. 7.
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3. 8.
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4. 9.
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5. 10.
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SEC 1685 (5/91)
<PAGE> 2
FORM 13F
SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 79
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Form 13F Information Table Value Total: 601,616,585.20
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
<TABLE>
<C> <S> <C>
No. Form 13F File Number Name
28-
--------- -------------------- ----------------------------------------
[Repeat as necessary.]
</TABLE>
<PAGE> 3
FORM 13F
<TABLE>
<CAPTION>
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(SEC USE ONLY)
As of September 30, 2000 Name of Reporting manager: PAR CAPITAL MANAGEMENT, INC.
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ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
TITLE SHARES OF (a) (b) SHARED- (c) MANAGERS (a) (b) (c)
NAME OF ISSUER OF CUSIP FAIR MARKET PRINCIPAL SOLE AS DEFINED SHARED- SEE SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT IN INSTR. V OTHER INSTR. V
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ACME
Electric
Corp. Common 004644100 $ 146,625.00 17,000 X 17,000
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Alaska Air
Group Inc. Common 011659109 $ 5,400,000.00 225,000 X 225,000
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America West
Holding Corp
Class B Common 023657208 $ 8,756,718.75 718,500 X 718,500
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Ameristar
Casinos Inc Common 03070Q101 $ 792,187.50 169,000 X 169,000
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Ameritrade
Holding Corp - Class A
Class A Common 03072H109 $ 1,329,475.00 74,900 X 74,900
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Amtran Inc. Common 03234G106 $ 5,862,500.00 536,000 X 536,000
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Anchor Gaming Common 033037102 $ 509,200.00 6,400 X 6,400
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Argosy Gaming
Corp Common 040228108 $ 9,243,750.00 510,000 X 510,000
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Ashford.com Common 044093102 $ 793,125.00 235,000 X 235,000
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Boyd Gaming
Corp. Common 103304101 $ 205,893.75 41,700 X 41,700
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CKE Restraurants
Inc Common 12561E105 $ 1,531,250.00 500,000 X 500,000
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Carmike Cinemas Class A
Inc. Common 143436103 $ 123,681.25 179,900 X 179,900
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Casino Data
Systems Common 147583108 $ 840,000.00 120,000 X 120,000
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Catalina
Marketing Corp. Common 148867104 $ 16,931,250.00 450,000 X 450,000
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Cheap Tickets
Inc. Common 162679109 $ 281,162.50 27,100 X 27,100
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Crossman
Communities
Inc. Common 22764E109 $ 7,919,750.00 401,000 X 401,000
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Dover Downs
Entertainment Common 260086103 $ 8,663,156.25 644,700 X 644,700
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Edgar Online
Inc Common 279765101 $ 3,678,875.00 774,500 X 774,500
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Echostar Class A
Communications Common 278762109 $ 10,391,750.00 197,000 X 197,000
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ELITE
Information
Group Inc Co Common 28659M106 $ 8,237,025.00 1,220,300 X 1,220,300
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Employee
Solutions Inc. Common 292166105 $ 15,330.00 70,000 X 70,000
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ETOYS Inc Common 297862104 $ 1,878,862.50 351,600 X 351,600
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Expedia Inc. Class A
Common 302125109 $ 2,223,000.00 171,000 X 171,000
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4 Kids
Entertainment
Inc Common 350865101 $ 2,946,375.00 174,600 X 174,600
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Friedman
Billings Class A
Ramsey Group Inc Common 358433100 $ 866,062.50 93,000 X 93,000
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Fusion Medical
Technologies Inc Common 361128101 $ 933,168.75 95,100 X 95,100
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Galileo
International
Inc. Common 363547100 $ 17,170,900.00 1,107,800 X 1,107,800
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Gemstar TV Guide
Intl Inc Common 36866W106 $ 8,718,750.00 100,000 X 100,000
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General Motors Class H
Corp Common 370442832 $ 15,801,500.00 425,000 X 425,000
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Global
Technovations
Inc Common 37939M109 $ 297,937.50 340,500 X 340,500
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Golden State Class B
Vintners Inc. Common 38121K208 $ 1,718,750.00 250,000 X 250,000
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GTECH Holdings
Corporation Common 400518106 $ 4,975,375.00 300,400 X 300,400
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Harrahs
Entertainment
Inc Common 413619107 $ 18,562,500.00 675,000 X 675,000
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Healthcare
Recoveries Inc. Common 42220K101 $ 5,577,250.00 1,274,800 X 1,274,800
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Hilton Hotels
Corp Common 432848109 $ 8,093,750.00 700,000 X 700,000
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Hollywood Casino Class A
Corp Common 436132203 $ 6,112,400.00 660,800 X 660,800
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Host Marriott
Corp New REIT Common 44107P104 $ 2,250,000.00 200,000 X 200,000
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Hotel
Reservation Class A
Network Inc Common 441451101 $ 1,882,525.00 51,400 X 51,400
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Imagyn Medical
Technologies
Inc. Common 45244E100 $ 1,958.33 78,333 X 78,333
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International Class A
Speedway Corp Common 460335201 $ 273,000.00 7,000 X 7,000
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Lodgenet
Entertainment
Corp. Common 540211109 $ 14,437,500.00 500,000 X 500,000
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Learn2.com Inc Common 522002104 $ 68,046.88 32,500 X 32,500
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Liberate
Technologies Common 530129105 $243,075.00 8,400 X 8,400
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Liberty
Satellite & Class A
Technology Inc Common 531182103 $ 1,062,500.00 100,000 X 100,000
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MGM Grand Inc Common 55295101 $ 21,003,125.00 550,000 X 550,000
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Mesa Air Group
Inc Common 552953101 $ 2,296,875.00 420,000 X 420,000
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Mesaba Holdings
Inc Common 59066B102 $ 13,425,675.00 1,248,900 X 1,248,900
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Mid Atlantic
Medical
Services, Inc. Common 59523C107 $ 15,125,000.00 1,000,000 X 1,000,000
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Robert Mondavi Class A
Corp Common 609200100 $ 997,350.00 24,400 X 24,400
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Morton
Industrial
Group Inc. Common 619328107 $ 822,093.75 237,000 X 237,000
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MP3.Com Common 62473M109 $ 1,206,843.75 306,500 X 306,500
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National
Discount
Brokers
Group Inc Common 635646102 $ 2,475,000.00 80,000 X 80,000
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Navigant
International
Inc Common 63935R108 $ 354,900.00 33,800 X 33,800
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Northwest Class A
Airlines Corp Common 667280101 $ 7,307,343.75 297,500 X 297,500
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OpenTV Corp Class A
Common G6754310 $ 648,375.00 19,500 X 19,500
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Pacific Health
Systems Common 695112102 $ 8,703,125.00 250,000 X 250,000
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Pegasus
Communications Class A
Corp. Common 705904100 $ 86,962,500.00 1,800,000 X 1,800,000
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Pegasus Systems
Inc Common 705906105 $ 1,369,375.00 70,000 X 70,000
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Penn National
Gaming Inc. Common 707569109 $ 16,201,881.25 1,064,600 X 1,064,600
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Phoenix
Healthcare Corp Common 719072100 $ 24,705.00 91,500 X 91,500
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Physician
Computer Network Common 71940K109 $ 1,882.50 251,000 X 251,000
------------------------------------------------------------------------------------------------------------------------------------
Pixar Common 725811103 $ 8,675,356.25 270,050 X 270,050
------------------------------------------------------------------------------------------------------------------------------------
Pinnacle
Entertainment
Inc. Common 723456109 $ 26,232,675.00 1,206,100 X 1,206,100
------------------------------------------------------------------------------------------------------------------------------------
Puradyn Filter
Technologies Inc Common 746091107 $ 787,500.00 100,000 X 100,000
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Radio One Inc. Class D
Common 75040P405 $ 3,001,562.50 425,000 X 425,000
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Radio Unica
Communications
Corp Common 75040Q106 $ 87,187.50 22,500 X 22,500
------------------------------------------------------------------------------------------------------------------------------------
Recoton Corp Common 756268108 $ 3,162,500.00 200,000 X 200,000
------------------------------------------------------------------------------------------------------------------------------------
Resortquest
International
Inc Common 761183102 $ 1,411,743.75 219,300 X 219,300
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Sabre Group
Holdings, Inc. Common 785905100 $ 41,360,368.75 1,429,300 X 1,429,300
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Station Casinos
Inc. Common 857689103 $ 56,836,125.00 3,988,500 X 3,988,500
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Sunrise
Technologies Inc Common 86769L103 $ 5,574,625.00 775,600 X 775,600
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THQ Inc. Common 872443403 $ 21,831,750.00 939,000 X 939,000
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Travelocity.com
Inc. Common 893953109 $ 7,403,037.50 521,800 X 521,800
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Universal Health
Services Inc. Common 913903100 $ 17,381,875.00 203,000 X 203,000
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Univision Class A
Communications Common 914906102 $ 10,838,750.00 290,000 X 290,000
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Valence
Technology Inc Common 918914102 $ 862,500.00 50,000 X 50,000
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WABTEC Corp Common 929740108 $ 917,325.00 90,600 X 90,600
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Young Class A
Broadcasting Inc Common 987434107 $ 8,016,562.50 255,000 X 255,000
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Zixit Corp Common 98974P100 $ 561,200.00 18,400 X 18,400
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Total Long
Equities $601,616,585.20
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</TABLE>
