Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| SYNCHRONY FINANCIAL(SYF) | 7,500,000 | 7,500,000 | 0 | 532,875 | 625,725 | 16.60% | +92,850 |
| EXPEDIA GROUP INC(EXPE) | 2,200,000 | 1,948,446 | -251,554 | 470,250 | 552,014 | 14.64% | +81,764 |
| AIRBNB INC | 219,300 | 729,900 | +510,600 | 26,627 | 99,062 | 2.63% | +72,435 |
| UNITED AIRLS HLDGS INC(UAL) | 4,968,850 | 4,894,850 | -74,000 | 479,494 | 547,342 | 14.52% | +67,848 |
| SOUTHWEST AIRLS CO(LUV) | 4,950,192 | 4,950,192 | 0 | 157,961 | 204,591 | 5.43% | +46,631 |
| DELTA AIR LINES INC DEL(DAL) | 3,574,210 | 3,574,210 | 0 | 202,836 | 248,050 | 6.58% | +45,214 |
| WEX INC(WEX) | 1,851,500 | 2,252,000 | +400,500 | 291,667 | 335,503 | 8.90% | +43,836 |
| GRUPO AEROMEXICO SAB DE CV(AERO) | 0 | 13,850,410 | +13,850,410 | 0 | 30,416 | 0.81% | +30,416 |
| ALASKA AIR GROUP INC | 1,119,302 | 1,581,500 | +462,198 | 55,719 | 79,549 | 2.11% | +23,831 |
| UBER TECHNOLOGIES INC(UBER) | 654,000 | 995,200 | +341,200 | 64,072 | 81,318 | 2.16% | +17,245 |
| ALLEGIANT TRAVEL CO(ALGT) | 624,081 | 624,081 | 0 | 37,925 | 53,215 | 1.41% | +15,290 |
| CARVANA CO(CVNA) | 356,572 | 350,672 | -5,900 | 134,513 | 147,991 | 3.93% | +13,477 |
| CARS COM INC | 2,058,648 | 2,697,648 | +639,000 | 25,157 | 32,911 | 0.87% | +7,755 |
| MARRIOTT INTL INC NEW(MAR) | 136,100 | 134,900 | -1,200 | 35,446 | 41,851 | 1.11% | +6,405 |
| AMERICAN AIRLS GROUP INC(AAL) | 1,250,000 | 1,250,000 | 0 | 14,050 | 19,163 | 0.51% | +5,113 |
| SUN CTRY AIRLS HLDGS INC | 2,067,000 | 2,000,000 | -67,000 | 24,411 | 28,780 | 0.76% | +4,369 |
| SCHWAB CHARLES CORP(SCHW) | 910,000 | 912,000 | +2,000 | 86,878 | 91,118 | 2.42% | +4,240 |
| RYANAIR HOLDINGS PLC(RYAAY) | 345,000 | 345,000 | 0 | 20,776 | 24,906 | 0.66% | +4,130 |
| CARGURUS INC(CARG) | 256,291 | 348,098 | +91,807 | 9,542 | 13,350 | 0.35% | +3,808 |
| REPUBLIC AWYS HLDGS INC(RJET) | 0 | 177,301 | +177,301 | 0 | 3,257 | 0.09% | +3,257 |
| WEBSTER FINL CORP(WBS) | 750,000 | 755,500 | +5,500 | 44,580 | 47,551 | 1.26% | +2,971 |
| ALPHABET INC(GOOG) | 35,700 | 36,700 | +1,000 | 8,695 | 11,516 | 0.31% | +2,822 |
| HYATT HOTELS CORP(H) | 371,300 | 338,800 | -32,500 | 52,699 | 54,316 | 1.44% | +1,618 |
| LATAM AIRLINES GROUP SA(LTM) | 165,000 | 165,000 | 0 | 7,466 | 8,912 | 0.24% | +1,445 |
| COPA HOLDINGS SA(CPA) | 148,000 | 157,197 | +9,197 | 17,585 | 18,960 | 0.50% | +1,374 |
| TESLA INC(TSLA) | 0 | 1,700 | +1,700 | 0 | 765 | 0.02% | +765 |
| ZOOM COMMUNICATIONS INC(ZM) | 3,400 | 11,900 | +8,500 | 281 | 1,027 | 0.03% | +746 |
| FRONTIER GROUP HLDGS INC(ULCC) | 2,156,100 | 2,156,100 | 0 | 9,519 | 10,155 | 0.27% | +636 |
| META PLATFORMS INC(META) | 0 | 700 | +700 | 0 | 462 | 0.01% | +462 |
| TRIP COM GROUP LTD(TCOM) | 0 | 4,500 | +4,500 | 0 | 324 | 0.01% | +324 |
| KLAVIYO INC(KVYO) | 16,000 | 23,000 | +7,000 | 443 | 747 | 0.02% | +304 |
| CITIGROUP INC(C) | 10,000 | 10,000 | 0 | 1,015 | 1,167 | 0.03% | +152 |
| DOCUSIGN INC(DOCU) | 3,000 | 5,300 | +2,300 | 216 | 363 | 0.01% | +146 |
| DOORDASH INC(DASH) | 2,400 | 3,500 | +1,100 | 653 | 793 | 0.02% | +140 |
| BANK AMERICA CORP | 18,200 | 18,500 | +300 | 939 | 1,018 | 0.03% | +79 |
| VISA INC(V) | 840 | 1,040 | +200 | 287 | 365 | 0.01% | +78 |
| MASTERCARD INCORPORATED(MA) | 900 | 900 | 0 | 512 | 514 | 0.01% | +2 |
| SKYWEST INC(SKYW) | 359,881 | 359,881 | 0 | 36,211 | 36,136 | 0.96% | -76 |
| AMAZON COM INC(AMZN) | 7,300 | 6,300 | -1,000 | 1,603 | 1,454 | 0.04% | -149 |
| HUBSPOT INC(HUBS) | 500 | 0 | -500 | 234 | 0 | — | -234 |
| ZILLOW GROUP INC(Z) | 4,000 | 0 | -4,000 | 308 | 0 | — | -308 |
| SHOPIFY INC(SHOP) | 2,500 | 0 | -2,500 | 372 | 0 | — | -372 |
| CARNIVAL CORP | 13,500 | 0 | -13,500 | 390 | 0 | — | -390 |
| AFFIRM HLDGS INC(AFRM) | 5,500 | 0 | -5,500 | 402 | 0 | — | -402 |
| TRIVAGO N V(TRVG) | 3,576,869 | 3,970,806 | +393,937 | 11,929 | 11,515 | 0.31% | -414 |
| FLEX LTD(FLEX) | 9,910 | 0 | -9,910 | 574 | 0 | — | -574 |
| PNC FINL SVCS GROUP INC(PNC) | 3,000 | 0 | -3,000 | 603 | 0 | — | -603 |
| TRIPADVISOR INC(TRIP) | 2,000,000 | 2,180,564 | +180,564 | 32,520 | 31,749 | 0.84% | -771 |
| GRAB HOLDINGS LIMITED CLASS A ORD | 181,000 | 0 | -181,000 | 1,090 | 0 | — | -1,090 |
| SOFI TECHNOLOGIES INC(SOFI) | 55,000 | 0 | -55,000 | 1,453 | 0 | — | -1,453 |
| GLOBAL BUSINESS TRAVEL GROUP(GBTG) | 1,039,014 | 883,244 | -155,770 | 8,395 | 6,757 | 0.18% | -1,638 |
| JETBLUE AWYS CORP(JBLU) | 4,487,425 | 4,457,425 | -30,000 | 22,078 | 20,281 | 0.54% | -1,797 |
| WYNDHAM HOTELS & RESORTS INC(WH) | 27,000 | 0 | -27,000 | 2,157 | 0 | — | -2,157 |
| MAPLEBEAR INC(CART) | 75,000 | 0 | -75,000 | 2,757 | 0 | — | -2,757 |
| BANK NEW YORK MELLON CORP | 26,364 | 0 | -26,364 | 2,873 | 0 | — | -2,873 |
| MESA AIR GROUP INC | 2,585,876 | 0 | -2,585,876 | 3,362 | 0 | — | -3,362 |
| AVIS BUDGET GROUP | 200,000 | 200,000 | 0 | 32,115 | 25,664 | 0.68% | -6,451 |
| HERTZ GLOBAL HLDGS INC(HTZ) | 2,291,357 | 1,400,000 | -891,357 | 15,581 | 7,196 | 0.19% | -8,385 |
| LYFT INC(LYFT) | 3,255,000 | 3,140,000 | -115,000 | 71,633 | 60,822 | 1.61% | -10,811 |
| AVIDXCHANGE HOLDINGS INC | 3,299,292 | 0 | -3,299,292 | 32,828 | 0 | — | -32,828 |
| BOOKING HOLDINGS INC(BKNG) | 35,050 | 24,487 | -10,563 | 189,244 | 131,136 | 3.48% | -58,108 |
| BILL HOLDINGS INC | 1,925,000 | 325,000 | -1,600,000 | 101,967 | 17,726 | 0.47% | -84,242 |