Securities ▲▼ | Shares | Value | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| Synchrony Financial(SYF) | 7,500,000 | 7,500,000 | 0 | $532.88M | $625.73M | 16.60% | +$92.85M |
| Expedia Group, Inc.(EXPE) | 2,200,000 | 1,948,446 | -251,554 | $470.25M | $552.01M | 14.64% | +$81.76M |
| United Airlines Holdings, Inc.(UAL) | 4,968,850 | 4,894,850 | -74,000 | $479.49M | $547.34M | 14.52% | +$67.85M |
| WEX Inc.(WEX) | 1,851,500 | 2,252,000 | +400,500 | $291.67M | $335.50M | 8.90% | +$43.84M |
| Delta Air Lines, Inc.(DAL) | 3,574,210 | 3,574,210 | 0 | $202.84M | $248.05M | 6.58% | +$45.21M |
| Southwest Airlines Co.(LUV) | 4,950,192 | 4,950,192 | 0 | $157.96M | $204.59M | 5.43% | +$46.63M |
| Carvana Co.CL A(CVNA) | 356,572 | 350,672 | -5,900 | $134.51M | $147.99M | 3.93% | +$13.48M |
| Booking Holdings Inc.(BKNG) | 35,050 | 24,487 | -10,563 | $189.24M | $131.14M | 3.48% | -$58.11M |
| Airbnb IncCL A | 219,300 | 729,900 | +510,600 | $26.63M | $99.06M | 2.63% | +$72.43M |
| The Charles Schwab Corporation(SCHW) | 910,000 | 912,000 | +2,000 | $86.88M | $91.12M | 2.42% | +$4.24M |
| Uber Technologies, Inc.(UBER) | 654,000 | 995,200 | +341,200 | $64.07M | $81.32M | 2.16% | +$17.25M |
| Alaska Air Group Inc | 1,119,302 | 1,581,500 | +462,198 | $55.72M | $79.55M | 2.11% | +$23.83M |
| Lyft, Inc.CL A(LYFT) | 3,255,000 | 3,140,000 | -115,000 | $71.63M | $60.82M | 1.61% | -$10.81M |
| Hyatt Hotels CorporationCL A(H) | 371,300 | 338,800 | -32,500 | $52.70M | $54.32M | 1.44% | +$1.62M |
| Allegiant Travel Company(ALGT) | 624,081 | 624,081 | 0 | $37.93M | $53.22M | 1.41% | +$15.29M |
| Webster Finl Corp | 750,000 | 755,500 | +5,500 | $44.58M | $47.55M | 1.26% | +$2.97M |
| Marriott International, Inc.CL A(MAR) | 136,100 | 134,900 | -1,200 | $35.45M | $41.85M | 1.11% | +$6.41M |
| SkyWest, Inc.(SKYW) | 359,881 | 359,881 | 0 | $36.21M | $36.14M | 0.96% | -$75.6K |
| Cars Com Inc | 2,058,648 | 2,697,648 | +639,000 | $25.16M | $32.91M | 0.87% | +$7.75M |
| Tripadvisor, Inc.(TRIP) | 2,000,000 | 2,180,564 | +180,564 | $32.52M | $31.75M | 0.84% | -$771.0K |
| Grupo Aeromexico, S.A.B. de C.VADS(AERO) | 0 | 13,850,410 | +13,850,410 | $0 | $30.42M | 0.81% | +$30.42M |
| Sun Ctry Airls Hldgs Inc | 2,067,000 | 2,000,000 | -67,000 | $24.41M | $28.78M | 0.76% | +$4.37M |
| Avis Budget Group | 200,000 | 200,000 | 0 | $32.12M | $25.66M | 0.68% | -$6.45M |
| Ryanair Holdings plcADR(RYAAY) | 345,000 | 345,000 | 0 | $20.78M | $24.91M | 0.66% | +$4.13M |
| JetBlue Airways Corporation(JBLU) | 4,487,425 | 4,457,425 | -30,000 | $22.08M | $20.28M | 0.54% | -$1.80M |
| American Airlines Group Inc.(AAL) | 1,250,000 | 1,250,000 | 0 | $14.05M | $19.16M | 0.51% | +$5.11M |
| Copa Holdings, S.A.CL A(CPA) | 148,000 | 157,197 | +9,197 | $17.59M | $18.96M | 0.50% | +$1.37M |
| Bill Holdings Inc | 1,925,000 | 325,000 | -1,600,000 | $101.97M | $17.73M | 0.47% | -$84.24M |
| CarGurus, Inc.CL A(CARG) | 256,291 | 348,098 | +91,807 | $9.54M | $13.35M | 0.35% | +$3.81M |
| Alphabet Inc.CL C(GOOG) | 35,700 | 36,700 | +1,000 | $8.69M | $11.52M | 0.31% | +$2.82M |
| trivago N.V.ADS(TRVG) | 3,576,869 | 3,970,806 | +393,937 | $11.93M | $11.52M | 0.31% | -$413.5K |
| Frontier Group Holdings, Inc.(ULCC) | 2,156,100 | 2,156,100 | 0 | $9.52M | $10.16M | 0.27% | +$636.0K |
| LATAM Airlines Group S.A.ADR(LTM) | 165,000 | 165,000 | 0 | $7.47M | $8.91M | 0.24% | +$1.45M |
| Hertz Global Holdings, Inc.(HTZ) | 2,291,357 | 1,400,000 | -891,357 | $15.58M | $7.20M | 0.19% | -$8.39M |
| Global Business Travel GroupCL A | 1,039,014 | 883,244 | -155,770 | $8.40M | $6.76M | 0.18% | -$1.64M |
| Republic Airways Holdings Inc.(RJET) | 0 | 177,301 | +177,301 | $0 | $3.26M | 0.09% | +$3.26M |
| Amazon.com, Inc.(AMZN) | 7,300 | 6,300 | -1,000 | $1.60M | $1.45M | 0.04% | -$148.7K |
| Citigroup Inc.(C) | 10,000 | 10,000 | 0 | $1.01M | $1.17M | 0.03% | +$151.9K |
| Zoom Communications, Inc.CL A(ZM) | 3,400 | 11,900 | +8,500 | $280.5K | $1.03M | 0.03% | +$746.4K |
| Bank America Corp | 18,200 | 18,500 | +300 | $938.9K | $1.02M | 0.03% | +$78.6K |
| DoorDash, Inc.CL A(DASH) | 2,400 | 3,500 | +1,100 | $652.8K | $792.7K | 0.02% | +$139.9K |
| Tesla, Inc.(TSLA) | 0 | 1,700 | +1,700 | $0 | $764.5K | 0.02% | +$764.5K |
| Klaviyo, Inc.COM SER A(KVYO) | 16,000 | 23,000 | +7,000 | $443.0K | $746.8K | 0.02% | +$303.8K |
| Mastercard IncorporatedCL A(MA) | 900 | 900 | 0 | $511.9K | $513.8K | 0.01% | +$1.9K |
| Meta Platforms, Inc.CL A(META) | 0 | 700 | +700 | $0 | $462.1K | 0.01% | +$462.1K |
| Visa Inc.CL A(V) | 840 | 1,040 | +200 | $286.8K | $364.7K | 0.01% | +$78.0K |
| DocuSign, Inc.(DOCU) | 3,000 | 5,300 | +2,300 | $216.3K | $362.5K | 0.01% | +$146.3K |
| Trip.com Group LimitedADS(TCOM) | 0 | 4,500 | +4,500 | $0 | $323.6K | 0.01% | +$323.6K |
| Affirm Holdings, Inc.CL A(AFRM) | 5,500 | 0 | -5,500 | $401.9K | $0 | — | -$401.9K |
| Avidxchange Holdings Inc | 3,299,292 | 0 | -3,299,292 | $32.83M | $0 | — | -$32.83M |
| Bank New York Mellon Corp | 26,364 | 0 | -26,364 | $2.87M | $0 | — | -$2.87M |
| Carnival CorpUNIT 99 99 9999 | 13,500 | 0 | -13,500 | $390.3K | $0 | — | -$390.3K |
| Flex Ltd.(FLEX) | 9,910 | 0 | -9,910 | $574.5K | $0 | — | -$574.5K |
| Grab Holdings LimitedCL A CLASS A ORD | 181,000 | 0 | -181,000 | $1.09M | $0 | — | -$1.09M |
| HubSpot, Inc.(HUBS) | 500 | 0 | -500 | $233.9K | $0 | — | -$233.9K |
| Maplebear Inc.(CART) | 75,000 | 0 | -75,000 | $2.76M | $0 | — | -$2.76M |
| Mesa Air Group Inc | 2,585,876 | 0 | -2,585,876 | $3.36M | $0 | — | -$3.36M |
| The PNC Financial Services Group, Inc.(PNC) | 3,000 | 0 | -3,000 | $602.8K | $0 | — | -$602.8K |
| Shopify Inc.CL A(SHOP) | 2,500 | 0 | -2,500 | $371.7K | $0 | — | -$371.7K |
| SoFi Technologies, Inc.(SOFI) | 55,000 | 0 | -55,000 | $1.45M | $0 | — | -$1.45M |
| Wyndham Hotels & Resorts, Inc.(WH) | 27,000 | 0 | -27,000 | $2.16M | $0 | — | -$2.16M |
| Zillow Group, Inc.CL C(Z) | 4,000 | 0 | -4,000 | $308.2K | $0 | — | -$308.2K |