HG Vora Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), HG Vora Capital Management, LLC reported 13 stock positions worth $978.5 million. Its top holding was First American Financial (FAF) at 14.6% of the portfolio, followed by Penn Entertainment (PENN, 12.1%) and Ryder System (R, 11.9%). Compared with Q4 2024, it opened 5 new positions, sold out of 2, added to 2 and reduced 5. The biggest buy was a new position in Clarivate (CLVT) and the biggest sale an exit from Playa Hotels & Resorts (PLYA).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001525362
- Portfolio Value
- $978.5M (Q1 2025)
- SEC Filing
- 0001214659-25-007854 ↗ filed May 15, 2025
Holdings Value
Holdings 13 stocks · $978.5M
| FAF First American Financial | 14.59% | 2,175,000 | $142.7M | Reduce -35.0% |
| PENN Penn Entertainment Inc. | 12.09% | 7,250,000 | $118.2M | Reduce -50.0% |
| R Ryder System Inc. | 11.90% | 810,000 | $116.5M | Reduce -32.5% |
| DRVN Driven Brands Holdings Inc. | 10.95% | 6,250,000 | $107.1M | Reduce -15.5% |
| CZR Caesars Entertainment Inc. | 9.96% | 3,900,000 | $97.5M | Add +73.3% |
| MGM MGM Resorts International | 9.09% | 3,000,000 | $88.9M | No change |
| BYD Boyd Gaming Corp. | 9.08% | 1,350,000 | $88.9M | Reduce -32.5% |
| PRKS United Parks & Resorts Inc. | 6.50% | 1,400,000 | $63.6M | Add +180.0% |
| CLVT Clarivate PLC | 4.82% | 12,000,000 | $47.2M | New |
| WSC Willscot Holdings Corp. | 3.98% | 1,400,000 | $38.9M | New |
| UGI Ugi Corp. | 3.38% | 1,000,000 | $33.1M | New |
| NVRI Enviri Corp. | 2.38% | 3,500,000 | $23.3M | New |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 1.28% | 4,700,000 | $12.5M | New |
Portfolio Sells Q4 2024 → Q1 2025
| PLYA Playa Hotels & Resorts NV | Sold out | 0.00% | −11.92 |
| PENN Penn Entertainment Inc. | Reduce -50.0% | 12.09% | −9.59 |
| R Ryder System Inc. | Reduce -32.5% | 11.90% | −2.29 |
| BYD Boyd Gaming Corp. | Reduce -32.5% | 9.08% | −1.86 |
| FAF First American Financial | Reduce -35.0% | 14.59% | −1.16 |
| MODVQ Modivcare Inc. | Sold out | 0.00% | −0.89 |
| DRVN Driven Brands Holdings Inc. | Reduce -15.5% | 10.95% | +1.94 |
Portfolio Buys Q4 2024 → Q1 2025
| CLVT Clarivate PLC | New | 4.82% | +4.82 |
| PRKS United Parks & Resorts Inc. | Add +180.0% | 6.50% | +4.39 |
| CZR Caesars Entertainment Inc. | Add +73.3% | 9.96% | +4.29 |
| WSC Willscot Holdings Corp. | New | 3.98% | +3.98 |
| UGI Ugi Corp. | New | 3.38% | +3.38 |
| NVRI Enviri Corp. | New | 2.38% | +2.38 |
| OPTU Optimum Communications Inc. Class A | New | 1.28% | +1.28 |
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 |