Orvieto Partners, L.P.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Orvieto Partners, L.P. reported 41 stock positions worth $131.9 million. Its top holding was Churchill Downs (CHDN) at 9.9% of the portfolio, followed by Brightstar Lottery (BRSL, 6.8%) and Penn Entertainment (PENN, 6.5%). Compared with Q1 2026, it opened 6 new positions, sold out of 8, added to 12 and reduced 10. The biggest buy was WYNN Resorts (WYNN, shares +228%) and the biggest sale People (PPLI, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0002052484
- Portfolio Value
- $131.9M (Q2 2026)
- SEC Filing
- 0002052484-26-000003 ↗ filed Aug 13, 2026
Holdings Value
Holdings 41 stocks · $131.9M
| CHDN Churchill Downs Inc. | 9.86% | 145,120 | $13.0M | Add +51.6% |
| BRSL Brightstar Lottery PLC | 6.81% | 837,820 | $9.0M | Add +11.2% |
| PENN Penn Entertainment Inc. | 6.53% | 403,400 | $8.6M | Reduce -37.3% |
| WYNN WYNN Resorts Ltd. | 6.04% | 82,000 | $8.0M | Add +228.0% |
| MTN Vail Resorts Inc. | 5.99% | 58,000 | $7.9M | Add +45.0% |
| GLPI Gaming and Leisure Propertie | 4.52% | 133,874 | $6.0M | No change |
| H Hyatt Hotels Corp. Class A | 4.41% | 30,000 | $5.8M | No change |
| KRP Kimbell Royalty Partners LP | 4.38% | 397,554 | $5.8M | No change |
| PRKS United Parks & Resorts Inc. | 4.34% | 120,000 | $5.7M | Reduce -32.2% |
| UHAL.B U-Haul Holding Co.-Non Voting | 3.72% | 84,944 | $4.9M | Add +40.2% |
| MGM MGM Resorts International | 3.62% | 100,000 | $4.8M | No change |
| PPLI People Inc. | 3.32% | 95,000 | $4.4M | Reduce -44.1% |
| WH Wyndham Hotels & Resorts Inc. | 3.19% | 50,000 | $4.2M | Add +42.9% |
| CZR Caesars Entertainment Inc. | 3.09% | 135,000 | $4.1M | Reduce -14.1% |
| RRR Red Rock Resorts Inc. Class A | 2.71% | 55,000 | $3.6M | Add +10.0% |
| ARLP Alliance Resource Partners | 2.71% | 149,064 | $3.6M | No change |
| UHAL U-Haul Holding Co. | 2.55% | 51,418 | $3.4M | Reduce -35.1% |
| AESI Atlas Energy Solutions Inc. | 2.14% | 170,000 | $2.8M | Add +30.8% |
| NCLH Norwegian Cruise Line Holdin | 1.60% | 100,000 | $2.1M | Add +25.0% |
| KGS Kodiak Gas Services Inc. | 1.59% | 27,981 | $2.1M | Reduce -41.7% |
| VIK Viking Holdings Ltd. | 1.59% | 20,000 | $2.1M | No change |
| ACEL Accel Entertainment Inc. | 1.52% | 158,838 | $2.0M | Add +18.7% |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 1.51% | 714,897 | $2.0M | No change |
| RJET Republic Airways Holdings Inc. | 1.32% | 82,602 | $1.7M | Reduce -29.4% |
| FUN Six Flags Entertainment Corp. | 1.29% | 80,000 | $1.7M | Add +23.1% |
| PSUS Pershing Square USA Ltd. | 1.13% | 40,000 | $1.5M | New |
| MSGS Madison Square Garden Sports | 0.99% | 3,265 | $1.3M | No change |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.99% | 49,145 | $1.3M | New |
| PTON Peloton Interactive Inc. Class A | 0.92% | 205,000 | $1.2M | New |
| NINE Nine Energy Service Inc. | 0.79% | 80,559 | $1.0M | New |
| SDRL Seadrill Limited | 0.72% | 25,000 | $946K | Reduce -54.5% |
| BYD Boyd Gaming Corp. | 0.67% | 10,000 | $883K | No change |
| WHK Whitehawk Minerals Corp. Class A | 0.63% | 30,000 | $835K | New |
| KMX Carmax Inc. | 0.60% | 15,000 | $793K | Add +50.0% |
| UBER Uber Technologies Inc. | 0.55% | 10,000 | $722K | Reduce -33.3% |
| IBIT iShares Bitcoin Trust ETF | 0.50% | 20,000 | $666K | No change |
| CRC California Resources Corp. | 0.40% | 10,000 | $529K | New |
| LVS Las Vegas Sands Corp. | 0.35% | 10,000 | $462K | No change |
| BHR Braemar Hotels & Resorts Inc. | 0.16% | 99,380 | $215K | Reduce -33.5% |
| GAU Galiano Gold Inc. | 0.14% | 100,000 | $187K | No change |
| TALO Talos Energy Inc. | 0.10% | 10,000 | $129K | No change |
Options reported separately and not counted above: SPY puts ($7.5M), QQQ puts ($7.4M), USO puts ($3.2M), IWM puts ($3.0M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $694K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 50,000 | $694K | No change |
Total filed on the 13F, all lines: $132.6M.
Portfolio Sells Q1 2026 → Q2 2026
| PPLI People Inc. | Reduce -44.1% | 3.32% | −2.54 |
| PENN Penn Entertainment Inc. | Reduce -37.3% | 6.53% | −1.80 |
| SDRL Seadrill Limited | Reduce -54.5% | 0.72% | −1.44 |
| LYFT LYFT Inc. Class A | Sold out | 0.00% | −1.26 |
| GDEN Golden Entertainment Inc. | Sold out | 0.00% | −1.25 |
| KGS Kodiak Gas Services Inc. | Reduce -41.7% | 1.59% | −0.82 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.79 |
| CALY Callaway Golf Company | Sold out | 0.00% | −0.72 |
| UHAL U-Haul Holding Co. | Reduce -35.1% | 2.55% | −0.71 |
| PRKS United Parks & Resorts Inc. | Reduce -32.2% | 4.34% | −0.64 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.61 |
| ECHO Echostar Corp. Class A | Sold out | 0.00% | −0.50 |
| CZR Caesars Entertainment Inc. | Reduce -14.1% | 3.09% | −0.49 |
| RJET Republic Airways Holdings Inc. | Reduce -29.4% | 1.32% | −0.49 |
| UBER Uber Technologies Inc. | Reduce -33.3% | 0.55% | −0.38 |
| LIND Lindblad Expeditions Holding | Sold out | 0.00% | −0.21 |
| BHR Braemar Hotels & Resorts Inc. | Reduce -33.5% | 0.16% | −0.14 |
| HTZ Hertz Global Hldgs Inc. | Sold out | 0.00% | −0.08 |
Portfolio Buys Q1 2026 → Q2 2026
| WYNN WYNN Resorts Ltd. | Add +228.0% | 6.04% | +3.85 |
| CHDN Churchill Downs Inc. | Add +51.6% | 9.86% | +2.46 |
| MTN Vail Resorts Inc. | Add +45.0% | 5.99% | +1.57 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +40.2% | 3.72% | +1.38 |
| PSUS Pershing Square USA Ltd. | New | 1.13% | +1.13 |
| VICI Vici Properties Inc. | New | 0.99% | +0.99 |
| PTON Peloton Interactive Inc. Class A | New | 0.92% | +0.92 |
| NINE Nine Energy Service Inc. | New | 0.79% | +0.79 |
| WH Wyndham Hotels & Resorts Inc. | Add +42.9% | 3.19% | +0.74 |
| AESI Atlas Energy Solutions Inc. | Add +30.8% | 2.14% | +0.67 |
| WHK Whitehawk Minerals Corp. Class A | New | 0.63% | +0.63 |
| RRR Red Rock Resorts Inc. Class A | Add +10.0% | 2.71% | +0.41 |
| CRC California Resources Corp. | New | 0.40% | +0.40 |
| NCLH Norwegian Cruise Line Holdin | Add +25.0% | 1.60% | +0.31 |
| FUN Six Flags Entertainment Corp. | Add +23.1% | 1.29% | +0.30 |
| ACEL Accel Entertainment Inc. | Add +18.7% | 1.52% | +0.26 |
| KMX Carmax Inc. | Add +50.0% | 0.60% | +0.24 |
| BRSL Brightstar Lottery PLC | Add +11.2% | 6.81% | −1.46 |
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 10,000 | $7.5M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 10,000 | $7.4M |
| USO United States Oil Fund LP | put | New | 30,000 | $3.2M |
| IWM iShares Russell 2000 ETF | put | New | 10,000 | $3.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 41 | $131.9M | CHDN, BRSL, PENN, WYNN, MTN |
| Q1 2026 | 43 | $116.1M | PENN, BRSL, CHDN, PPLI, GLPI |
| Q4 2025 | 41 | $120.3M | BRSL, CHDN, PENN, KGS, UHAL |
| Q3 2025 | 40 | $118.0M | BRSL, PENN, KGS, CHDN, WYNN |
| Q2 2025 | 38 | $112.5M | PENN, CHDN, BRSL, KGS, KRP |
| Q1 2025 | 37 | $114.0M | KGS, BRSL, PENN, KRP, FUN |
| Q4 2024 | 35 | $118.6M | KGS, BRSL, FUN, PENN, KRP |