Orvieto Partners, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Orvieto Partners, L.P. reported 40 stock positions worth $118.0 million. Its top holding was Brightstar Lottery (BRSL) at 9.3% of the portfolio, followed by Penn Entertainment (PENN, 9.1%) and Kodiak Gas Services (KGS, 6.3%). Compared with Q2 2025, it opened 6 new positions, sold out of 4, added to 12 and reduced 15. The biggest buy was a new position in Vail Resorts (MTN) and the biggest sale Churchill Downs (CHDN, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0002052484
- Portfolio Value
- $118.0M (Q3 2025)
- SEC Filing
- 0002052484-25-000002 ↗ filed Nov 13, 2025
Holdings Value
Holdings 40 stocks · $118.0M
| BRSL Brightstar Lottery PLC | 9.33% | 638,596 | $11.0M | Add +7.3% |
| PENN Penn Entertainment Inc. | 9.11% | 558,400 | $10.8M | Reduce -9.9% |
| KGS Kodiak Gas Services Inc. | 6.29% | 200,681 | $7.4M | Add +5.2% |
| CHDN Churchill Downs Inc. | 5.34% | 65,000 | $6.3M | Reduce -37.4% |
| WYNN WYNN Resorts Ltd. | 4.89% | 45,000 | $5.8M | Reduce -18.2% |
| KRP Kimbell Royalty Partners LP | 4.83% | 422,493 | $5.7M | Reduce -8.3% |
| UHAL.B U-Haul Holding Co.-Non Voting | 4.70% | 108,866 | $5.5M | Add +20.4% |
| PRKS United Parks & Resorts Inc. | 4.25% | 97,000 | $5.0M | Add +18.3% |
| H Hyatt Hotels Corp. Class A | 4.21% | 35,000 | $5.0M | Add +75.0% |
| SDRL Seadrill Limited | 3.70% | 144,500 | $4.4M | Reduce -19.5% |
| TTSH Tile Shop Hldgs Inc. | 3.62% | 705,891 | $4.3M | Reduce -4.8% |
| FUN Six Flags Entertainment Corp. | 3.46% | 179,453 | $4.1M | Reduce -5.3% |
| MTN Vail Resorts Inc. | 3.17% | 25,000 | $3.7M | New |
| BYD Boyd Gaming Corp. | 2.93% | 40,000 | $3.5M | No change |
| GLPI Gaming and Leisure Propertie | 2.72% | 68,874 | $3.2M | Add +37.8% |
| OXY Occidental Petroleum Corp. | 2.60% | 65,000 | $3.1M | New |
| LVS Las Vegas Sands Corp. | 2.28% | 50,000 | $2.7M | No change |
| CZR Caesars Entertainment Inc. | 2.19% | 95,847 | $2.6M | Add +35.3% |
| LYFT LYFT Inc. Class A | 2.05% | 110,000 | $2.4M | Reduce -15.4% |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 1.94% | 714,797 | $2.3M | Add +1.4% |
| CNK Cinemark Holdings Inc. | 1.54% | 65,000 | $1.8M | No change |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 1.49% | 185,000 | $1.8M | Add +5.7% |
| CRC California Resources Corp. | 1.35% | 30,000 | $1.6M | No change |
| GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED | 1.30% | 187,252 | $1.5M | Reduce -14.9% |
| TALO Talos Energy Inc. | 1.12% | 137,900 | $1.3M | Add +27.8% |
| VIK Viking Holdings Ltd. | 1.05% | 20,000 | $1.2M | No change |
| MTCH Match Group Inc. | 0.90% | 30,000 | $1.1M | No change |
| IBIT iShares Bitcoin Trust ETF | 0.83% | 15,000 | $975K | No change |
| GDEN Golden Entertainment Inc. | 0.82% | 40,874 | $964K | New |
| AESI Atlas Energy Solutions Inc. | 0.77% | 80,000 | $910K | Add +33.3% |
| BHR Braemar Hotels & Resorts Inc. | 0.76% | 327,502 | $894K | Reduce -35.9% |
| ECHO Echostar Corp. Class A | 0.65% | 10,000 | $764K | Reduce -33.3% |
| MSGS Madison Square Garden Sports | 0.63% | 3,265 | $741K | New |
| NCLH Norwegian Cruise Line Holdin | 0.63% | 30,000 | $739K | New |
| MESA AIR GROUP INC | 0.61% | 550,726 | $716K | Add +15.4% |
| ACEL Accel Entertainment Inc. | 0.52% | 55,181 | $611K | Reduce -37.4% |
| MGM MGM Resorts International | 0.44% | 15,000 | $520K | Reduce -50.0% |
| UBER Uber Technologies Inc. | 0.42% | 5,000 | $490K | Reduce -66.7% |
| UHAL U-Haul Holding Co. | 0.39% | 8,000 | $457K | Reduce -27.3% |
| GAU Galiano Gold Inc. | 0.19% | 100,000 | $219K | New |
Options reported separately and not counted above: BRSL calls ($1.7M), PRKS calls ($517K).
Portfolio Sells Q2 2025 → Q3 2025
| CHDN Churchill Downs Inc. | Reduce -37.4% | 5.34% | −3.99 |
| MCRI Monarch Casino & Resort Inc. | Sold out | 0.00% | −1.94 |
| FUN Six Flags Entertainment Corp. | Reduce -5.3% | 3.46% | −1.67 |
| GRSD Grandstand Ltd. | Reduce -14.9% | 1.30% | −1.03 |
| KRP Kimbell Royalty Partners LP | Reduce -8.3% | 4.83% | −0.89 |
| UBER Uber Technologies Inc. | Reduce -66.7% | 0.42% | −0.83 |
| FLOC Flowco Holdings Inc. Class A | Sold out | 0.00% | −0.79 |
| PENN Penn Entertainment Inc. | Reduce -9.9% | 9.11% | −0.74 |
| EVRI Everi Holdings Inc. | Sold out | 0.00% | −0.70 |
| TTSH Tile Shop Hldgs Inc. | Reduce -4.8% | 3.62% | −0.57 |
| SDRL Seadrill Limited | Reduce -19.5% | 3.70% | −0.49 |
| MGM MGM Resorts International | Reduce -50.0% | 0.44% | −0.48 |
| ACEL Accel Entertainment Inc. | Reduce -37.4% | 0.52% | −0.40 |
| BHR Braemar Hotels & Resorts Inc. | Reduce -35.9% | 0.76% | −0.35 |
| TNL Travel + Leisure Co. | Sold out | 0.00% | −0.23 |
| UHAL U-Haul Holding Co. | Reduce -27.3% | 0.39% | −0.21 |
| LYFT LYFT Inc. Class A | Reduce -15.4% | 2.05% | +0.23 |
| ECHO Echostar Corp. Class A | Reduce -33.3% | 0.65% | +0.28 |
| WYNN WYNN Resorts Ltd. | Reduce -18.2% | 4.89% | +0.31 |
Portfolio Buys Q2 2025 → Q3 2025
| MTN Vail Resorts Inc. | New | 3.17% | +3.17 |
| OXY Occidental Petroleum Corp. | New | 2.60% | +2.60 |
| H Hyatt Hotels Corp. Class A | Add +75.0% | 4.21% | +1.73 |
| BRSL Brightstar Lottery PLC | Add +7.3% | 9.33% | +0.97 |
| GDEN Golden Entertainment Inc. | New | 0.82% | +0.82 |
| PRKS United Parks & Resorts Inc. | Add +18.3% | 4.25% | +0.81 |
| GLPI Gaming and Leisure Propertie | Add +37.8% | 2.72% | +0.65 |
| MSGS Madison Square Garden Sports | New | 0.63% | +0.63 |
| NCLH Norwegian Cruise Line Holdin | New | 0.63% | +0.63 |
| KGS Kodiak Gas Services Inc. | Add +5.2% | 6.29% | +0.48 |
| CZR Caesars Entertainment Inc. | Add +35.3% | 2.19% | +0.41 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +20.4% | 4.70% | +0.33 |
| TALO Talos Energy Inc. | Add +27.8% | 1.12% | +0.31 |
| CALY Callaway Golf Company | Add +5.7% | 1.49% | +0.24 |
| MESA AIR GROUP INC | Add +15.4% | 0.61% | +0.21 |
| GAU Galiano Gold Inc. | New | 0.19% | +0.19 |
| AESI Atlas Energy Solutions Inc. | Add +33.3% | 0.77% | +0.06 |
| FLL Full House Resorts Inc. | Add +1.4% | 1.94% | −0.35 |
Options Activity Q2 2025 → Q3 2025
| BRSL Brightstar Lottery PLC | call | New | 100,000 | $1.7M |
| PRKS United Parks & Resorts Inc. | call | New | 10,000 | $517K |
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 |