Securities ▲▼ | Shares | Value | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| Synchrony Financial(SYF) | 7,500,000 | 7,500,000 | 0 | $500.55M | $532.88M | 15.73% | +$32.33M |
| United Airlines Holdings, Inc.(UAL) | 4,968,850 | 4,968,850 | 0 | $395.67M | $479.49M | 14.15% | +$83.82M |
| Expedia Group, Inc.(EXPE) | 2,387,750 | 2,200,000 | -187,750 | $402.77M | $470.25M | 13.88% | +$67.48M |
| WEX Inc.(WEX) | 1,851,100 | 1,851,500 | +400 | $271.91M | $291.67M | 8.61% | +$19.76M |
| Delta Air Lines, Inc.(DAL) | 3,564,000 | 3,574,210 | +10,210 | $175.28M | $202.84M | 5.99% | +$27.56M |
| Booking Holdings Inc.(BKNG) | 37,826 | 35,050 | -2,776 | $218.98M | $189.24M | 5.59% | -$29.74M |
| Southwest Airlines Co.(LUV) | 5,917,492 | 4,950,192 | -967,300 | $191.96M | $157.96M | 4.66% | -$34.00M |
| Carvana Co.CL A(CVNA) | 467,172 | 356,572 | -110,600 | $157.42M | $134.51M | 3.97% | -$22.91M |
| Bill Holdings Inc | 0 | 1,925,000 | +1,925,000 | $0 | $101.97M | 3.01% | +$101.97M |
| The Charles Schwab Corporation(SCHW) | 909,000 | 910,000 | +1,000 | $82.94M | $86.88M | 2.56% | +$3.94M |
| Lyft, Inc.CL A(LYFT) | 1,905,000 | 3,255,000 | +1,350,000 | $30.02M | $71.63M | 2.11% | +$41.61M |
| Uber Technologies, Inc.(UBER) | 0 | 654,000 | +654,000 | $0 | $64.07M | 1.89% | +$64.07M |
| Alaska Air Group Inc | 1,119,302 | 1,119,302 | 0 | $55.38M | $55.72M | 1.64% | +$335.8K |
| Hyatt Hotels CorporationCL A(H) | 371,261 | 371,300 | +39 | $51.85M | $52.70M | 1.56% | +$852.0K |
| Webster Finl Corp | 750,000 | 750,000 | 0 | $40.95M | $44.58M | 1.32% | +$3.63M |
| Allegiant Travel Company(ALGT) | 584,996 | 624,081 | +39,085 | $32.15M | $37.93M | 1.12% | +$5.78M |
| SkyWest, Inc.(SKYW) | 363,451 | 359,881 | -3,570 | $37.42M | $36.21M | 1.07% | -$1.21M |
| Marriott International, Inc.CL A(MAR) | 136,100 | 136,100 | 0 | $37.18M | $35.45M | 1.05% | -$1.74M |
| Avidxchange Holdings Inc | 3,300,000 | 3,299,292 | -708 | $32.31M | $32.83M | 0.97% | +$521.0K |
| Tripadvisor, Inc.(TRIP) | 2,896,475 | 2,000,000 | -896,475 | $37.80M | $32.52M | 0.96% | -$5.28M |
| Avis Budget Group | 320,000 | 200,000 | -120,000 | $54.10M | $32.12M | 0.95% | -$21.98M |
| Airbnb IncCL A | 1,800 | 219,300 | +217,500 | $238.2K | $26.63M | 0.79% | +$26.39M |
| Cars Com Inc | 1,200,000 | 2,058,648 | +858,648 | $14.22M | $25.16M | 0.74% | +$10.94M |
| Sun Ctry Airls Hldgs Inc | 1,959,372 | 2,067,000 | +107,628 | $23.02M | $24.41M | 0.72% | +$1.39M |
| JetBlue Airways Corporation(JBLU) | 5,487,425 | 4,487,425 | -1,000,000 | $23.21M | $22.08M | 0.65% | -$1.13M |
| Ryanair Holdings plcADR(RYAAY) | 345,000 | 345,000 | 0 | $19.90M | $20.78M | 0.61% | +$879.8K |
| Copa Holdings, S.A.CL A(CPA) | 53,000 | 148,000 | +95,000 | $5.83M | $17.59M | 0.52% | +$11.76M |
| Hertz Global Holdings, Inc.(HTZ) | 2,291,357 | 2,291,357 | 0 | $15.65M | $15.58M | 0.46% | -$68.7K |
| American Airlines Group Inc.(AAL) | 1,250,000 | 1,250,000 | 0 | $14.03M | $14.05M | 0.41% | +$25.0K |
| trivago N.V.ADS(TRVG) | 3,576,869 | 3,576,869 | 0 | $13.48M | $11.93M | 0.35% | -$1.56M |
| CarGurus, Inc.CL A(CARG) | 336,791 | 256,291 | -80,500 | $11.27M | $9.54M | 0.28% | -$1.73M |
| Frontier Group Holdings, Inc.(ULCC) | 2,181,100 | 2,156,100 | -25,000 | $7.92M | $9.52M | 0.28% | +$1.60M |
| Alphabet Inc.CL C(GOOG) | 34,900 | 35,700 | +800 | $6.19M | $8.69M | 0.26% | +$2.50M |
| Global Business Travel GroupCL A | 1,024,014 | 1,039,014 | +15,000 | $6.45M | $8.40M | 0.25% | +$1.94M |
| LATAM Airlines Group S.A.ADR(LTM) | 165,000 | 165,000 | 0 | $6.71M | $7.47M | 0.22% | +$760.6K |
| Mesa Air Group Inc | 2,248,190 | 2,585,876 | +337,686 | $2.09M | $3.36M | 0.10% | +$1.27M |
| Bank New York Mellon Corp | 26,364 | 26,364 | 0 | $2.40M | $2.87M | 0.08% | +$470.6K |
| Maplebear Inc.(CART) | 91,500 | 75,000 | -16,500 | $4.14M | $2.76M | 0.08% | -$1.38M |
| Wyndham Hotels & Resorts, Inc.(WH) | 27,000 | 27,000 | 0 | $2.19M | $2.16M | 0.06% | -$35.4K |
| Amazon.com, Inc.(AMZN) | 6,300 | 7,300 | +1,000 | $1.38M | $1.60M | 0.05% | +$220.7K |
| SoFi Technologies, Inc.(SOFI) | 55,000 | 55,000 | 0 | $1.00M | $1.45M | 0.04% | +$451.6K |
| Grab Holdings LimitedCL A CLASS A ORD | 161,000 | 181,000 | +20,000 | $809.8K | $1.09M | 0.03% | +$279.8K |
| Citigroup Inc.(C) | 10,000 | 10,000 | 0 | $851.2K | $1.01M | 0.03% | +$163.8K |
| Bank America Corp | 16,700 | 18,200 | +1,500 | $790.2K | $938.9K | 0.03% | +$148.7K |
| DoorDash, Inc.CL A(DASH) | 4,000 | 2,400 | -1,600 | $986.0K | $652.8K | 0.02% | -$333.3K |
| The PNC Financial Services Group, Inc.(PNC) | 0 | 3,000 | +3,000 | $0 | $602.8K | 0.02% | +$602.8K |
| Flex Ltd.(FLEX) | 9,910 | 9,910 | 0 | $494.7K | $574.5K | 0.02% | +$79.8K |
| Mastercard IncorporatedCL A(MA) | 900 | 900 | 0 | $505.7K | $511.9K | 0.02% | +$6.2K |
| Klaviyo, Inc.COM SER A(KVYO) | 0 | 16,000 | +16,000 | $0 | $443.0K | 0.01% | +$443.0K |
| Affirm Holdings, Inc.CL A(AFRM) | 0 | 5,500 | +5,500 | $0 | $401.9K | 0.01% | +$401.9K |
| Carnival CorpUNIT 99 99 9999 | 0 | 13,500 | +13,500 | $0 | $390.3K | 0.01% | +$390.3K |
| Shopify Inc.CL A(SHOP) | 0 | 2,500 | +2,500 | $0 | $371.7K | 0.01% | +$371.7K |
| Zillow Group, Inc.CL C(Z) | 3,200 | 4,000 | +800 | $224.2K | $308.2K | 0.01% | +$84.0K |
| Visa Inc.CL A(V) | 2,840 | 840 | -2,000 | $1.01M | $286.8K | 0.01% | -$721.6K |
| Zoom Communications, Inc.CL A(ZM) | 0 | 3,400 | +3,400 | $0 | $280.5K | 0.01% | +$280.5K |
| HubSpot, Inc.(HUBS) | 0 | 500 | +500 | $0 | $233.9K | 0.01% | +$233.9K |
| DocuSign, Inc.(DOCU) | 0 | 3,000 | +3,000 | $0 | $216.3K | 0.01% | +$216.3K |
| Eventbrite IncCL A | 31,000 | 0 | -31,000 | $81.5K | $0 | — | -$81.5K |
| Meta Platforms, Inc.CL A(META) | 660 | 0 | -660 | $487.1K | $0 | — | -$487.1K |
| Pinterest, Inc.CL A(PINS) | 15,000 | 0 | -15,000 | $537.9K | $0 | — | -$537.9K |
| Sabre Corporation(SABR) | 19,350,000 | 0 | -19,350,000 | $61.15M | $0 | — | -$61.15M |
| SEI Investments Company(SEIC) | 3,500 | 0 | -3,500 | $314.5K | $0 | — | -$314.5K |
| Wayfair Inc.CL A(W) | 9,000 | 0 | -9,000 | $460.3K | $0 | — | -$460.3K |