HG Vora Capital Management, LLC In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), HG Vora Capital Management, LLC reported 10 stock positions worth $1.5 billion . Its top holding was Penn Entertainment (PENN) at 18.2% of the portfolio, followed by First American Financial (FAF, 17.8% ) and Ryder System (R, 17.5% ). Compared with Q1 2024, it sold out of 2, added to 4 and reduced 3. The biggest buy was Boyd Gaming (BYD, shares +60% ) and the biggest sale Caesars Entertainment (CZR, shares −38% ).
Location NEW YORK, NY
CIK 0001525362
Portfolio Value $1.5B (Q2 2024) Holdings 10 stocks · $1.5B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 PENN Penn Entertainment Inc. 14,500,000 $280.6M No change FAF First American Financial 5,075,000 $273.8M Reduce -16.5% R Ryder System Inc. 2,175,000 $269.4M No change BYD Boyd Gaming Corp. 4,000,000 $220.4M Add +60.0% CZR Caesars Entertainment Inc. 3,300,000 $131.1M Reduce -38.3% PLYA Playa Hotels & Resorts NV 12,500,000 $104.9M Add +2.0% DRVN Driven Brands Holdings Inc. 7,200,000 $91.7M Add +37.1% PRKS United Parks & Resorts Inc. 1,600,000 $86.9M Add +14.3% RSI Rush Street Interactive Inc. 7,000,000 $67.1M No change GBTG Global Business Travel Group 2,175,000 $14.4M Reduce -71.8%
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ CZR Caesars Entertainment Inc. Reduce -38.3% 8.51% −4.92 FAF First American Financial Reduce -16.5% 17.78% −3.51 ODP The Odp Corp. Sold out 0.00% −2.28 MDU Mdu Resources Group Inc. Sold out 0.00% −1.81 GBTG Global Business Travel Group Reduce -71.8% 0.93% −1.72
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ BYD Boyd Gaming Corp. Add +60.0% 14.31% +4.65 DRVN Driven Brands Holdings Inc. Add +37.1% 5.95% +1.19 PRKS United Parks & Resorts Inc. Add +14.3% 5.64% +1.12 PLYA Playa Hotels & Resorts NV Add +2.0% 6.81% −0.01
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ ISHARES TR put Sold out 2,500,000 $2.8Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 4 $172.0M PENN, FAF, FOSL, OPTU Q1 2026 6 $169.9M PENN, FAF, PRKS, DRVN, FOSL Q4 2025 7 $264.9M PENN, DRVN, FAF, NVRI, EQH Q3 2025 14 $738.0M PENN, CZR, DRVN, FAF, R Q2 2025 16 $907.9M PENN, R, DRVN, CZR, FAF Q1 2025 13 $978.5M FAF, PENN, R, DRVN, CZR Q4 2024 10 $1.3B PENN, FAF, R, PLYA, BYD Q3 2024 10 $1.4B PENN, FAF, R, BYD, DRVN Q2 2024 10 $1.5B PENN, FAF, R, BYD, CZR Q1 2024 12 $1.7B FAF, PENN, R, CZR, BYD