Orvieto Partners, L.P.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Orvieto Partners, L.P. reported 41 stock positions worth $120.3 million. Its top holding was Brightstar Lottery (BRSL) at 9.5% of the portfolio, followed by Churchill Downs (CHDN, 7.1%) and Penn Entertainment (PENN, 6.8%). Compared with Q3 2025, it opened 6 new positions, sold out of 5, added to 15 and reduced 8. The biggest buy was a new position in People (PPLI) and the biggest sale an exit from U-Haul Holding Co.-Non Voting (UHAL.B).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0002052484
- Portfolio Value
- $120.3M (Q4 2025)
- SEC Filing
- 0002052484-26-000001 ↗ filed Feb 12, 2026
Holdings Value
Holdings 41 stocks · $120.3M
| BRSL Brightstar Lottery PLC | 9.51% | 738,596 | $11.4M | Add +15.7% |
| CHDN Churchill Downs Inc. | 7.09% | 75,000 | $8.5M | Add +15.4% |
| PENN Penn Entertainment Inc. | 6.81% | 555,000 | $8.2M | Reduce -0.6% |
| KGS Kodiak Gas Services Inc. | 5.71% | 183,481 | $6.9M | Reduce -8.6% |
| UHAL U-Haul Holding Co. | 5.32% | 127,000 | $6.4M | Add +1487.5% |
| PRKS United Parks & Resorts Inc. | 5.04% | 167,000 | $6.1M | Add +72.2% |
| PPLI People Inc. filed as IAC INC | 5.04% | 155,000 | $6.1M | New |
| GLPI Gaming and Leisure Propertie | 4.97% | 133,874 | $6.0M | Add +94.4% |
| KRP Kimbell Royalty Partners LP | 4.67% | 477,493 | $5.6M | Add +13.0% |
| WYNN WYNN Resorts Ltd. | 4.50% | 45,000 | $5.4M | No change |
| MGM MGM Resorts International | 3.49% | 115,000 | $4.2M | Add +666.7% |
| MTN Vail Resorts Inc. | 3.31% | 30,000 | $4.0M | Add +20.0% |
| SDRL Seadrill Limited | 2.86% | 99,500 | $3.4M | Reduce -31.1% |
| BYD Boyd Gaming Corp. | 2.83% | 40,000 | $3.4M | No change |
| LVS Las Vegas Sands Corp. | 2.71% | 50,000 | $3.3M | No change |
| ARLP Alliance Resource Partners | 2.69% | 139,064 | $3.2M | New |
| CZR Caesars Entertainment Inc. | 2.16% | 110,847 | $2.6M | Add +15.7% |
| H Hyatt Hotels Corp. Class A | 2.00% | 15,000 | $2.4M | Reduce -57.1% |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 1.79% | 185,000 | $2.2M | No change |
| LYFT LYFT Inc. Class A | 1.77% | 110,000 | $2.1M | No change |
| FLUT Flutter Entertainment PLC-Di | 1.25% | 7,000 | $1.5M | New |
| GDEN Golden Entertainment Inc. | 1.23% | 54,485 | $1.5M | Add +33.3% |
| RJET Republic Airways Holdings Inc. | 1.21% | 79,500 | $1.5M | Add +116.5% |
| VIK Viking Holdings Ltd. | 1.19% | 20,000 | $1.4M | No change |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 1.10% | 507,477 | $1.3M | Reduce -29.0% |
| CNK Cinemark Holdings Inc. | 0.97% | 50,000 | $1.2M | Reduce -23.1% |
| ECHO Echostar Corp. Class A | 0.90% | 10,000 | $1.1M | No change |
| NCLH Norwegian Cruise Line Holdin | 0.83% | 45,000 | $1.0M | Add +50.0% |
| IBIT iShares Bitcoin Trust ETF | 0.83% | 20,000 | $993K | Add +33.3% |
| MTCH Match Group Inc. | 0.81% | 30,000 | $969K | No change |
| AESI Atlas Energy Solutions Inc. | 0.78% | 100,000 | $942K | Add +25.0% |
| BHR Braemar Hotels & Resorts Inc. | 0.78% | 327,502 | $940K | No change |
| ACEL Accel Entertainment Inc. | 0.73% | 76,546 | $873K | Add +38.7% |
| MSGS Madison Square Garden Sports | 0.70% | 3,265 | $844K | No change |
| WH Wyndham Hotels & Resorts Inc. | 0.63% | 10,000 | $756K | New |
| TALO Talos Energy Inc. | 0.38% | 41,900 | $462K | Reduce -69.6% |
| CRC California Resources Corp. | 0.37% | 10,000 | $447K | Reduce -66.7% |
| UBER Uber Technologies Inc. | 0.34% | 5,000 | $409K | No change |
| KMX Carmax Inc. | 0.32% | 10,000 | $386K | New |
| GAU Galiano Gold Inc. | 0.21% | 100,000 | $253K | No change |
| LIND Lindblad Expeditions Holding | 0.17% | 13,780 | $199K | New |
Options reported separately and not counted above: CZR calls ($1.2M), PENN calls ($1.1M), FUN calls ($1.1M).
Portfolio Sells Q3 2025 → Q4 2025
| UHAL.B U-Haul Holding Co.-Non Voting | Sold out | 0.00% | −4.70 |
| TTSH Tile Shop Hldgs Inc. | Sold out | 0.00% | −3.62 |
| FUN Six Flags Entertainment Corp. | Sold out | 0.00% | −3.46 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −2.60 |
| PENN Penn Entertainment Inc. | Reduce -0.6% | 6.81% | −2.31 |
| H Hyatt Hotels Corp. Class A | Reduce -57.1% | 2.00% | −2.21 |
| GRSD Grandstand Ltd. | Sold out | 0.00% | −1.30 |
| CRC California Resources Corp. | Reduce -66.7% | 0.37% | −0.98 |
| FLL Full House Resorts Inc. | Reduce -29.0% | 1.10% | −0.84 |
| SDRL Seadrill Limited | Reduce -31.1% | 2.86% | −0.84 |
| TALO Talos Energy Inc. | Reduce -69.6% | 0.38% | −0.74 |
| KGS Kodiak Gas Services Inc. | Reduce -8.6% | 5.71% | −0.58 |
| CNK Cinemark Holdings Inc. | Reduce -23.1% | 0.97% | −0.58 |
Portfolio Buys Q3 2025 → Q4 2025
| PPLI People Inc. | New | 5.04% | +5.04 |
| UHAL U-Haul Holding Co. | Add +1487.5% | 5.32% | +4.94 |
| MGM MGM Resorts International | Add +666.7% | 3.49% | +3.05 |
| ARLP Alliance Resource Partners | New | 2.69% | +2.69 |
| GLPI Gaming and Leisure Propertie | Add +94.4% | 4.97% | +2.25 |
| CHDN Churchill Downs Inc. | Add +15.4% | 7.09% | +1.75 |
| FLUT Flutter Entertainment PLC-Di | New | 1.25% | +1.25 |
| PRKS United Parks & Resorts Inc. | Add +72.2% | 5.04% | +0.79 |
| WH Wyndham Hotels & Resorts Inc. | New | 0.63% | +0.63 |
| RJET Republic Airways Holdings Inc. | Add +116.5% | 1.21% | +0.61 |
| GDEN Golden Entertainment Inc. | Add +33.3% | 1.23% | +0.41 |
| KMX Carmax Inc. | New | 0.32% | +0.32 |
| NCLH Norwegian Cruise Line Holdin | Add +50.0% | 0.83% | +0.21 |
| ACEL Accel Entertainment Inc. | Add +38.7% | 0.73% | +0.21 |
| BRSL Brightstar Lottery PLC | Add +15.7% | 9.51% | +0.17 |
| LIND Lindblad Expeditions Holding | New | 0.17% | +0.17 |
| MTN Vail Resorts Inc. | Add +20.0% | 3.31% | +0.14 |
| AESI Atlas Energy Solutions Inc. | Add +25.0% | 0.78% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +33.3% | 0.83% | −0.00 |
| CZR Caesars Entertainment Inc. | Add +15.7% | 2.16% | −0.04 |
| KRP Kimbell Royalty Partners LP | Add +13.0% | 4.67% | −0.16 |
Options Activity Q3 2025 → Q4 2025
| BRSL Brightstar Lottery PLC | call | Sold out | 100,000 | $1.7Mbefore exit |
| CZR Caesars Entertainment Inc. | call | New | 50,000 | $1.2M |
| PENN Penn Entertainment Inc. | call | New | 75,000 | $1.1M |
| FUN Six Flags Entertainment Corp. | call | New | 70,000 | $1.1M |
| PRKS United Parks & Resorts Inc. | call | Sold out | 10,000 | $517Kbefore exit |
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 |