Hein Park Capital Management LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Hein Park Capital Management LP reported 3 stock positions worth $181.7 million. Its top holding was Diebold Nixdorf (DBD) at 48.8% of the portfolio, followed by Caesars Entertainment (CZR, 33.3%) and Surgery Partners (SGRY, 17.9%). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 1 and reduced 1. The biggest buy was a new position in Caesars Entertainment (CZR) and the biggest sale Diebold Nixdorf (DBD, shares −0%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001826937
Portfolio Value
$181.7M (Q1 2025)
SEC Filing
0000899140-25-000706 ↗ filed May 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $122.9M Q1 2024 Q2 2024: $123.7M Q2 2024 Q3 2024: $136.9M Q3 2024 Q4 2024: $126.6M Q4 2024 Q1 2025: $181.7M $181.7M Q1 2025 Q2 2025: $136.1M Q2 2025 Q3 2025: $85.5M Q3 2025 Q4 2025: $54.3M Q4 2025 Q1 2026: $61.3M Q1 2026 Q2 2026: $50.2M Q2 2026

Holdings 3 stocks · $181.7M

DBD Diebold Nixdorf Inc. 48.78% 2,027,680 $88.7M Reduce -0.3%
CZR Caesars Entertainment Inc. 33.29% 2,419,684 $60.5M New
SGRY Surgery Partners Inc. 17.93% 1,371,702 $32.6M Add +20.4%

Options reported separately and not counted above: DVN puts ($37.4M).

Portfolio Sells Q4 2024 → Q1 2025

DBD Diebold Nixdorf Inc. Reduce -0.3% 48.78% −20.36
BHC Bausch Health Cos Inc. Sold out 0.00% −11.80

Portfolio Buys Q4 2024 → Q1 2025

CZR Caesars Entertainment Inc. New 33.29% +33.29
SGRY Surgery Partners Inc. Add +20.4% 17.93% −1.13

Options Activity Q4 2024 → Q1 2025

DVN Devon Energy Corp. put New 1,000,000 $37.4M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025

HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 Sold out 1,683,087 $3.6Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$50.2MCZR, SGRY
Q1 2026 1$61.3MCZR
Q4 2025 1$54.3MCZR
Q3 2025 2$85.5MCZR, DBD
Q2 2025 2$136.1MDBD, CZR
Q1 2025 3$181.7MDBD, CZR, SGRY
Q4 2024 3$126.6MDBD, SGRY, BHC
Q3 2024 2$136.9MDBD, BHC
Q2 2024 2$123.7MDBD, BHC
Q1 2024 2$122.9MDBD, BHC