HG Vora Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), HG Vora Capital Management, LLC reported 10 stock positions worth $1.3 billion. Its top holding was Penn Entertainment (PENN) at 21.7% of the portfolio, followed by First American Financial (FAF, 15.7%) and Ryder System (R, 14.2%). Compared with Q3 2024, it added to 2 and reduced 6. The biggest buy was Caesars Entertainment (CZR, shares +350%) and the biggest sale Ryder System (R, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001525362
- Portfolio Value
- $1.3B (Q4 2024)
- SEC Filing
- 0001214659-25-002860 ↗ filed Feb 14, 2025
Holdings Value
Holdings 10 stocks · $1.3B
| PENN Penn Entertainment Inc. | 21.67% | 14,500,000 | $287.4M | No change |
| FAF First American Financial | 15.75% | 3,345,000 | $208.9M | Reduce -12.0% |
| R Ryder System Inc. | 14.19% | 1,200,000 | $188.2M | Reduce -27.3% |
| PLYA Playa Hotels & Resorts NV | 11.92% | 12,500,000 | $158.1M | No change |
| BYD Boyd Gaming Corp. | 10.94% | 2,000,000 | $145.1M | Reduce -33.3% |
| DRVN Driven Brands Holdings Inc. | 9.01% | 7,400,000 | $119.4M | Reduce -2.0% |
| MGM MGM Resorts International | 7.84% | 3,000,000 | $104.0M | Add +20.0% |
| CZR Caesars Entertainment Inc. | 5.67% | 2,250,000 | $75.2M | Add +350.0% |
| PRKS United Parks & Resorts Inc. | 2.12% | 500,000 | $28.1M | Reduce -61.5% |
| MODVQ Modivcare Inc. | 0.89% | 1,000,000 | $11.8M | Reduce -16.7% |
Portfolio Sells Q3 2024 → Q4 2024
| R Ryder System Inc. | Reduce -27.3% | 14.19% | −3.43 |
| BYD Boyd Gaming Corp. | Reduce -33.3% | 10.94% | −3.27 |
| PRKS United Parks & Resorts Inc. | Reduce -61.5% | 2.12% | −2.70 |
| FAF First American Financial | Reduce -12.0% | 15.75% | −2.63 |
| MODVQ Modivcare Inc. | Reduce -16.7% | 0.89% | −0.36 |
| DRVN Driven Brands Holdings Inc. | Reduce -2.0% | 9.01% | +1.11 |
Portfolio Buys Q3 2024 → Q4 2024
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 |