Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| BILL HOLDINGS INC | 0 | 1,925,000 | +1,925,000 | 0 | 101,967 | 3.01% | +101,967 |
| UNITED AIRLS HLDGS INC(UAL) | 4,968,850 | 4,968,850 | 0 | 395,670 | 479,494 | 14.15% | +83,824 |
| EXPEDIA GROUP INC(EXPE) | 2,387,750 | 2,200,000 | -187,750 | 402,766 | 470,250 | 13.88% | +67,484 |
| UBER TECHNOLOGIES INC(UBER) | 0 | 654,000 | +654,000 | 0 | 64,072 | 1.89% | +64,072 |
| LYFT INC(LYFT) | 1,905,000 | 3,255,000 | +1,350,000 | 30,023 | 71,633 | 2.11% | +41,610 |
| SYNCHRONY FINANCIAL(SYF) | 7,500,000 | 7,500,000 | 0 | 500,550 | 532,875 | 15.73% | +32,325 |
| DELTA AIR LINES INC DEL(DAL) | 3,564,000 | 3,574,210 | +10,210 | 175,278 | 202,836 | 5.99% | +27,559 |
| AIRBNB INC | 1,800 | 219,300 | +217,500 | 238 | 26,627 | 0.79% | +26,389 |
| WEX INC(WEX) | 1,851,100 | 1,851,500 | +400 | 271,908 | 291,667 | 8.61% | +19,759 |
| COPA HOLDINGS SA(CPA) | 53,000 | 148,000 | +95,000 | 5,828 | 17,585 | 0.52% | +11,757 |
| CARS COM INC | 1,200,000 | 2,058,648 | +858,648 | 14,220 | 25,157 | 0.74% | +10,937 |
| ALLEGIANT TRAVEL CO(ALGT) | 584,996 | 624,081 | +39,085 | 32,146 | 37,925 | 1.12% | +5,780 |
| SCHWAB CHARLES CORP(SCHW) | 909,000 | 910,000 | +1,000 | 82,937 | 86,878 | 2.56% | +3,941 |
| WEBSTER FINL CORP(WBS) | 750,000 | 750,000 | 0 | 40,950 | 44,580 | 1.32% | +3,630 |
| ALPHABET INC(GOOG) | 34,900 | 35,700 | +800 | 6,191 | 8,695 | 0.26% | +2,504 |
| GLOBAL BUSINESS TRAVEL GROUP(GBTG) | 1,024,014 | 1,039,014 | +15,000 | 6,451 | 8,395 | 0.25% | +1,944 |
| FRONTIER GROUP HLDGS INC(ULCC) | 2,181,100 | 2,156,100 | -25,000 | 7,917 | 9,519 | 0.28% | +1,602 |
| SUN CTRY AIRLS HLDGS INC | 1,959,372 | 2,067,000 | +107,628 | 23,023 | 24,411 | 0.72% | +1,389 |
| MESA AIR GROUP INC | 2,248,190 | 2,585,876 | +337,686 | 2,091 | 3,362 | 0.10% | +1,271 |
| RYANAIR HOLDINGS PLC(RYAAY) | 345,000 | 345,000 | 0 | 19,896 | 20,776 | 0.61% | +880 |
| HYATT HOTELS CORP(H) | 371,261 | 371,300 | +39 | 51,847 | 52,699 | 1.56% | +852 |
| LATAM AIRLINES GROUP SA(LTM) | 165,000 | 165,000 | 0 | 6,706 | 7,466 | 0.22% | +761 |
| PNC FINL SVCS GROUP INC(PNC) | 0 | 3,000 | +3,000 | 0 | 603 | 0.02% | +603 |
| AVIDXCHANGE HOLDINGS INC | 3,300,000 | 3,299,292 | -708 | 32,307 | 32,828 | 0.97% | +521 |
| BANK NEW YORK MELLON CORP | 26,364 | 26,364 | 0 | 2,402 | 2,873 | 0.08% | +471 |
| SOFI TECHNOLOGIES INC(SOFI) | 55,000 | 55,000 | 0 | 1,002 | 1,453 | 0.04% | +452 |
| KLAVIYO INC(KVYO) | 0 | 16,000 | +16,000 | 0 | 443 | 0.01% | +443 |
| AFFIRM HLDGS INC(AFRM) | 0 | 5,500 | +5,500 | 0 | 402 | 0.01% | +402 |
| CARNIVAL CORP | 0 | 13,500 | +13,500 | 0 | 390 | 0.01% | +390 |
| SHOPIFY INC(SHOP) | 0 | 2,500 | +2,500 | 0 | 372 | 0.01% | +372 |
| ALASKA AIR GROUP INC | 1,119,302 | 1,119,302 | 0 | 55,383 | 55,719 | 1.64% | +336 |
| ZOOM COMMUNICATIONS INC(ZM) | 0 | 3,400 | +3,400 | 0 | 281 | 0.01% | +281 |
| GRAB HOLDINGS LIMITED CLASS A ORD | 161,000 | 181,000 | +20,000 | 810 | 1,090 | 0.03% | +280 |
| HUBSPOT INC(HUBS) | 0 | 500 | +500 | 0 | 234 | 0.01% | +234 |
| AMAZON COM INC(AMZN) | 6,300 | 7,300 | +1,000 | 1,382 | 1,603 | 0.05% | +221 |
| DOCUSIGN INC(DOCU) | 0 | 3,000 | +3,000 | 0 | 216 | 0.01% | +216 |
| CITIGROUP INC(C) | 10,000 | 10,000 | 0 | 851 | 1,015 | 0.03% | +164 |
| BANK AMERICA CORP | 16,700 | 18,200 | +1,500 | 790 | 939 | 0.03% | +149 |
| ZILLOW GROUP INC(Z) | 3,200 | 4,000 | +800 | 224 | 308 | 0.01% | +84 |
| FLEX LTD(FLEX) | 9,910 | 9,910 | 0 | 495 | 574 | 0.02% | +80 |
| AMERICAN AIRLS GROUP INC(AAL) | 1,250,000 | 1,250,000 | 0 | 14,025 | 14,050 | 0.41% | +25 |
| MASTERCARD INCORPORATED(MA) | 900 | 900 | 0 | 506 | 512 | 0.02% | +6 |
| WYNDHAM HOTELS & RESORTS INC(WH) | 27,000 | 27,000 | 0 | 2,193 | 2,157 | 0.06% | -35 |
| HERTZ GLOBAL HLDGS INC(HTZ) | 2,291,357 | 2,291,357 | 0 | 15,650 | 15,581 | 0.46% | -69 |
| EVENTBRITE INC | 31,000 | 0 | -31,000 | 82 | 0 | — | -82 |
| SEI INVTS CO(SEIC) | 3,500 | 0 | -3,500 | 315 | 0 | — | -315 |
| DOORDASH INC(DASH) | 4,000 | 2,400 | -1,600 | 986 | 653 | 0.02% | -333 |
| WAYFAIR INC(W) | 9,000 | 0 | -9,000 | 460 | 0 | — | -460 |
| META PLATFORMS INC(META) | 660 | 0 | -660 | 487 | 0 | — | -487 |
| PINTEREST INC(PINS) | 15,000 | 0 | -15,000 | 538 | 0 | — | -538 |
| VISA INC(V) | 2,840 | 840 | -2,000 | 1,008 | 287 | 0.01% | -722 |
| JETBLUE AWYS CORP(JBLU) | 5,487,425 | 4,487,425 | -1,000,000 | 23,212 | 22,078 | 0.65% | -1,134 |
| SKYWEST INC(SKYW) | 363,451 | 359,881 | -3,570 | 37,425 | 36,211 | 1.07% | -1,213 |
| MAPLEBEAR INC(CART) | 91,500 | 75,000 | -16,500 | 4,139 | 2,757 | 0.08% | -1,382 |
| TRIVAGO N V(TRVG) | 3,576,869 | 3,576,869 | 0 | 13,485 | 11,929 | 0.35% | -1,556 |
| CARGURUS INC(CARG) | 336,791 | 256,291 | -80,500 | 11,272 | 9,542 | 0.28% | -1,731 |
| MARRIOTT INTL INC NEW(MAR) | 136,100 | 136,100 | 0 | 37,184 | 35,446 | 1.05% | -1,738 |
| TRIPADVISOR INC(TRIP) | 2,896,475 | 2,000,000 | -896,475 | 37,799 | 32,520 | 0.96% | -5,279 |
| AVIS BUDGET GROUP | 320,000 | 200,000 | -120,000 | 54,096 | 32,115 | 0.95% | -21,981 |
| CARVANA CO(CVNA) | 467,172 | 356,572 | -110,600 | 157,418 | 134,513 | 3.97% | -22,905 |
| BOOKING HOLDINGS INC(BKNG) | 37,826 | 35,050 | -2,776 | 218,984 | 189,244 | 5.59% | -29,739 |
| SOUTHWEST AIRLS CO(LUV) | 5,917,492 | 4,950,192 | -967,300 | 191,963 | 157,961 | 4.66% | -34,003 |
| SABRE CORP(SABR) | 19,350,000 | 0 | -19,350,000 | 61,146 | 0 | — | -61,146 |