Hill Path Capital LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Hill Path Capital LP reported 8 stock positions worth $1.9 billion. Its top holding was United Parks & Resorts (PRKS) at 66.0% of the portfolio, followed by Hilton Grand Vacations (HGV, 13.9%) and Dave & Buster's Entertainmen (PLAY, 11.0%). Compared with Q1 2025, it opened 4 new positions and added to 1. The biggest buy was a new position in Penn Entertainment (PENN).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001676292
- Portfolio Value
- $1.9B (Q2 2025)
- SEC Filing
- 0000921895-25-002287 ↗ filed Aug 14, 2025
Holdings Value
Holdings 8 stocks · $1.9B
| PRKS United Parks & Resorts Inc. | 66.00% | 27,205,306 | $1.3B | No change |
| HGV Hilton Grand Vacations Inc. | 13.91% | 6,509,913 | $270.4M | No change |
| PLAY Dave & Buster's Entertainmen | 11.02% | 7,119,255 | $214.1M | No change |
| PENN Penn Entertainment Inc. | 3.22% | 3,502,820 | $62.6M | New |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 1.94% | 4,685,985 | $37.7M | New |
| ACEL Accel Entertainment Inc. | 1.69% | 2,789,113 | $32.8M | New |
| CARS Cars.com Inc. | 1.23% | 2,013,032 | $23.9M | New |
| GDEN Golden Entertainment Inc. | 0.99% | 655,625 | $19.3M | Add +477.8% |
Portfolio Sells Q1 2025 → Q2 2025
| None this quarter. | |||
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $1.9B | PRKS, HGV, PENN, PLAY, ACEL |
| Q1 2026 | 7 | $1.4B | PRKS, HGV, PENN, PLAY, ACEL |
| Q4 2025 | 7 | $1.6B | PRKS, HGV, PLAY, PENN, ACEL |
| Q3 2025 | 8 | $2.0B | PRKS, HGV, PLAY, PENN, CALY |
| Q2 2025 | 8 | $1.9B | PRKS, HGV, PLAY, PENN, CALY |
| Q1 2025 | 4 | $1.6B | PRKS, HGV, PLAY, GDEN |
| Q4 2024 | 5 | $2.0B | PRKS, HGV, PLAY, GDEN, PLYA |
| Q3 2024 | 5 | $1.9B | PRKS, PLAY, HGV, GDEN, PLYA |
| Q2 2024 | 5 | $2.1B | PRKS, PLAY, HGV, GDEN, PLYA |
| Q1 2024 | 5 | $2.3B | PRKS, PLAY, HGV, GDEN, PLYA |