Hill Path Capital LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Hill Path Capital LP reported 8 stock positions worth $2.0 billion. Its top holding was United Parks & Resorts (PRKS) at 68.9% of the portfolio, followed by Hilton Grand Vacations (HGV, 13.3%) and Dave & Buster's Entertainmen (PLAY, 6.3%). Compared with Q2 2025, it added to 2. The biggest buy was Penn Entertainment (PENN, shares +64%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001676292
- Portfolio Value
- $2.0B (Q3 2025)
- SEC Filing
- 0000921895-25-003093 ↗ filed Nov 14, 2025
Holdings Value
Holdings 8 stocks · $2.0B
| PRKS United Parks & Resorts Inc. | 68.94% | 27,205,306 | $1.4B | No change |
| HGV Hilton Grand Vacations Inc. | 13.34% | 6,509,913 | $272.2M | No change |
| PLAY Dave & Buster's Entertainmen | 6.34% | 7,119,255 | $129.3M | No change |
| PENN Penn Entertainment Inc. | 5.44% | 5,759,820 | $110.9M | Add +64.4% |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 2.18% | 4,685,985 | $44.5M | No change |
| ACEL Accel Entertainment Inc. | 1.51% | 2,789,113 | $30.9M | No change |
| CARS Cars.com Inc. | 1.49% | 2,481,032 | $30.3M | Add +23.3% |
| GDEN Golden Entertainment Inc. | 0.76% | 655,625 | $15.5M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| None this quarter. | |||
Portfolio Buys Q2 2025 → Q3 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 |