HG Vora Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), HG Vora Capital Management, LLC reported 16 stock positions worth $907.9 million. Its top holding was Penn Entertainment (PENN) at 14.3% of the portfolio, followed by Ryder System (R, 11.1%) and Driven Brands (DRVN, 11.0%). Compared with Q1 2025, it opened 3 new positions, added to 2 and reduced 9. The biggest buy was a new position in Six Flags Entertainment (FUN) and the biggest sale First American Financial (FAF, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001525362
- Portfolio Value
- $907.9M (Q2 2025)
- SEC Filing
- 0001214659-25-012284 ↗ filed Aug 14, 2025
Holdings Value
Holdings 16 stocks · $907.9M
| PENN Penn Entertainment Inc. | 14.27% | 7,250,000 | $129.6M | No change |
| R Ryder System Inc. | 11.12% | 635,000 | $101.0M | Reduce -21.6% |
| DRVN Driven Brands Holdings Inc. | 11.02% | 5,700,000 | $100.1M | Reduce -8.8% |
| CZR Caesars Entertainment Inc. | 10.94% | 3,500,000 | $99.4M | Reduce -10.3% |
| FAF First American Financial | 9.47% | 1,400,000 | $85.9M | Reduce -35.6% |
| PRKS United Parks & Resorts Inc. | 8.31% | 1,600,000 | $75.4M | Add +14.3% |
| CLVT Clarivate PLC | 5.99% | 12,650,000 | $54.4M | Add +5.4% |
| MGM MGM Resorts International | 5.68% | 1,500,000 | $51.6M | Reduce -50.0% |
| FUN Six Flags Entertainment Corp. | 4.69% | 1,400,000 | $42.6M | New |
| BYD Boyd Gaming Corp. | 4.31% | 500,000 | $39.1M | Reduce -63.0% |
| NVRI Enviri Corp. | 3.35% | 3,500,000 | $30.4M | No change |
| WSC Willscot Holdings Corp. | 3.02% | 1,000,000 | $27.4M | Reduce -28.6% |
| GVA Granite Construction Inc. | 2.57% | 250,000 | $23.4M | New |
| UGI Ugi Corp. | 2.41% | 600,000 | $21.9M | Reduce -40.0% |
| IQV Iqvia Holdings Inc. | 2.08% | 120,000 | $18.9M | New |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 0.76% | 3,225,000 | $6.9M | Reduce -31.4% |
Portfolio Sells Q1 2025 → Q2 2025
| FAF First American Financial | Reduce -35.6% | 9.47% | −5.12 |
| BYD Boyd Gaming Corp. | Reduce -63.0% | 4.31% | −4.77 |
| MGM MGM Resorts International | Reduce -50.0% | 5.68% | −3.41 |
| UGI Ugi Corp. | Reduce -40.0% | 2.41% | −0.97 |
| WSC Willscot Holdings Corp. | Reduce -28.6% | 3.02% | −0.96 |
| R Ryder System Inc. | Reduce -21.6% | 11.12% | −0.78 |
| OPTU Optimum Communications Inc. Class A | Reduce -31.4% | 0.76% | −0.52 |
| DRVN Driven Brands Holdings Inc. | Reduce -8.8% | 11.02% | +0.08 |
| CZR Caesars Entertainment Inc. | Reduce -10.3% | 10.94% | +0.98 |
Portfolio Buys Q1 2025 → Q2 2025
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 |