Orvieto Partners, L.P.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Orvieto Partners, L.P. reported 43 stock positions worth $116.1 million. Its top holding was Penn Entertainment (PENN) at 8.3% of the portfolio, followed by Brightstar Lottery (BRSL, 8.3%) and Churchill Downs (CHDN, 7.4%). Compared with Q4 2025, it opened 4 new positions, sold out of 2, added to 16 and reduced 12. The biggest buy was a new position in U-Haul Holding Co.-Non Voting (UHAL.B) and the biggest sale Kodiak Gas Services (KGS, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0002052484
- Portfolio Value
- $116.1M (Q1 2026)
- SEC Filing
- 0002052484-26-000002 ↗ filed May 14, 2026
Holdings Value
Holdings 43 stocks · $116.1M
| PENN Penn Entertainment Inc. | 8.33% | 643,400 | $9.7M | Add +15.9% |
| BRSL Brightstar Lottery PLC | 8.27% | 753,596 | $9.6M | Add +2.0% |
| CHDN Churchill Downs Inc. | 7.40% | 95,700 | $8.6M | Add +27.6% |
| PPLI People Inc. filed as IAC INC | 5.86% | 170,000 | $6.8M | Add +9.7% |
| GLPI Gaming and Leisure Propertie | 5.11% | 133,874 | $5.9M | No change |
| PRKS United Parks & Resorts Inc. | 4.98% | 177,000 | $5.8M | Add +6.0% |
| KRP Kimbell Royalty Partners LP | 4.95% | 397,554 | $5.8M | Reduce -16.7% |
| MTN Vail Resorts Inc. | 4.42% | 40,000 | $5.1M | Add +33.3% |
| H Hyatt Hotels Corp. Class A | 3.71% | 30,000 | $4.3M | Add +100.0% |
| CZR Caesars Entertainment Inc. | 3.58% | 157,111 | $4.2M | Add +41.7% |
| ARLP Alliance Resource Partners | 3.55% | 149,064 | $4.1M | Add +7.2% |
| UHAL U-Haul Holding Co. | 3.26% | 79,203 | $3.8M | Reduce -37.6% |
| MGM MGM Resorts International | 3.19% | 100,000 | $3.7M | Reduce -13.0% |
| WH Wyndham Hotels & Resorts Inc. | 2.45% | 35,000 | $2.8M | Add +250.0% |
| KGS Kodiak Gas Services Inc. | 2.41% | 47,981 | $2.8M | Reduce -73.8% |
| UHAL.B U-Haul Holding Co.-Non Voting | 2.33% | 60,599 | $2.7M | New |
| RRR Red Rock Resorts Inc. Class A | 2.30% | 50,000 | $2.7M | New |
| WYNN WYNN Resorts Ltd. | 2.19% | 25,000 | $2.5M | Reduce -44.4% |
| SDRL Seadrill Limited | 2.15% | 55,000 | $2.5M | Reduce -44.7% |
| RJET Republic Airways Holdings Inc. | 1.80% | 116,989 | $2.1M | Add +47.2% |
| AESI Atlas Energy Solutions Inc. | 1.47% | 130,000 | $1.7M | Add +30.0% |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 1.39% | 714,897 | $1.6M | Add +40.9% |
| NCLH Norwegian Cruise Line Holdin | 1.29% | 80,000 | $1.5M | Add +77.8% |
| VIK Viking Holdings Ltd. | 1.27% | 20,000 | $1.5M | No change |
| LYFT LYFT Inc. Class A | 1.26% | 110,000 | $1.5M | No change |
| ACEL Accel Entertainment Inc. | 1.26% | 133,838 | $1.5M | Add +74.8% |
| GDEN Golden Entertainment Inc. | 1.25% | 54,485 | $1.5M | No change |
| FUN Six Flags Entertainment Corp. | 0.99% | 65,000 | $1.2M | New |
| UBER Uber Technologies Inc. | 0.93% | 15,000 | $1.1M | Add +200.0% |
| MSGS Madison Square Garden Sports | 0.90% | 3,265 | $1.0M | No change |
| MTCH Match Group Inc. | 0.79% | 30,000 | $921K | No change |
| CALY Callaway Golf Company | 0.72% | 60,000 | $833K | Reduce -67.6% |
| BYD Boyd Gaming Corp. | 0.71% | 10,000 | $822K | Reduce -75.0% |
| IBIT iShares Bitcoin Trust ETF | 0.66% | 20,000 | $768K | No change |
| FLUT Flutter Entertainment PLC-Di | 0.61% | 7,000 | $714K | No change |
| ECHO Echostar Corp. Class A | 0.50% | 5,000 | $585K | Reduce -50.0% |
| LVS Las Vegas Sands Corp. | 0.46% | 10,000 | $539K | Reduce -80.0% |
| KMX Carmax Inc. | 0.36% | 10,000 | $416K | No change |
| BHR Braemar Hotels & Resorts Inc. | 0.30% | 149,380 | $353K | Reduce -54.4% |
| GAU Galiano Gold Inc. | 0.22% | 100,000 | $251K | No change |
| LIND Lindblad Expeditions Holding | 0.21% | 13,780 | $238K | No change |
| TALO Talos Energy Inc. | 0.14% | 10,000 | $158K | Reduce -76.1% |
| HTZ Hertz Global Hldgs Inc. | 0.08% | 20,000 | $92K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $722K (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 | $722K | New |
Total filed on the 13F, all lines: $116.9M.
Portfolio Sells Q4 2025 → Q1 2026
| KGS Kodiak Gas Services Inc. | Reduce -73.8% | 2.41% | −3.30 |
| WYNN WYNN Resorts Ltd. | Reduce -44.4% | 2.19% | −2.32 |
| LVS Las Vegas Sands Corp. | Reduce -80.0% | 0.46% | −2.24 |
| BYD Boyd Gaming Corp. | Reduce -75.0% | 0.71% | −2.13 |
| UHAL U-Haul Holding Co. | Reduce -37.6% | 3.26% | −2.06 |
| CALY Callaway Golf Company | Reduce -67.6% | 0.72% | −1.08 |
| CNK Cinemark Holdings Inc. | Sold out | 0.00% | −0.97 |
| SDRL Seadrill Limited | Reduce -44.7% | 2.15% | −0.71 |
| BHR Braemar Hotels & Resorts Inc. | Reduce -54.4% | 0.30% | −0.48 |
| ECHO Echostar Corp. Class A | Reduce -50.0% | 0.50% | −0.40 |
| CRC California Resources Corp. | Sold out | 0.00% | −0.37 |
| MGM MGM Resorts International | Reduce -13.0% | 3.19% | −0.30 |
| TALO Talos Energy Inc. | Reduce -76.1% | 0.14% | −0.25 |
| KRP Kimbell Royalty Partners LP | Reduce -16.7% | 4.95% | +0.29 |
Portfolio Buys Q4 2025 → Q1 2026
| UHAL.B U-Haul Holding Co.-Non Voting | New | 2.33% | +2.33 |
| RRR Red Rock Resorts Inc. Class A | New | 2.30% | +2.30 |
| WH Wyndham Hotels & Resorts Inc. | Add +250.0% | 2.45% | +1.82 |
| H Hyatt Hotels Corp. Class A | Add +100.0% | 3.71% | +1.72 |
| PENN Penn Entertainment Inc. | Add +15.9% | 8.33% | +1.52 |
| CZR Caesars Entertainment Inc. | Add +41.7% | 3.58% | +1.42 |
| MTN Vail Resorts Inc. | Add +33.3% | 4.42% | +1.11 |
| FUN Six Flags Entertainment Corp. | New | 0.99% | +0.99 |
| ARLP Alliance Resource Partners | Add +7.2% | 3.55% | +0.86 |
| PPLI People Inc. | Add +9.7% | 5.86% | +0.82 |
| AESI Atlas Energy Solutions Inc. | Add +30.0% | 1.47% | +0.69 |
| UBER Uber Technologies Inc. | Add +200.0% | 0.93% | +0.59 |
| RJET Republic Airways Holdings Inc. | Add +47.2% | 1.80% | +0.59 |
| ACEL Accel Entertainment Inc. | Add +74.8% | 1.26% | +0.53 |
| NCLH Norwegian Cruise Line Holdin | Add +77.8% | 1.29% | +0.45 |
| CHDN Churchill Downs Inc. | Add +27.6% | 7.40% | +0.31 |
| FLL Full House Resorts Inc. | Add +40.9% | 1.39% | +0.28 |
| HTZ Hertz Global Hldgs Inc. | New | 0.08% | +0.08 |
| PRKS United Parks & Resorts Inc. | Add +6.0% | 4.98% | −0.06 |
| BRSL Brightstar Lottery PLC | Add +2.0% | 8.27% | −1.24 |
Options Activity Q4 2025 → Q1 2026
| CZR Caesars Entertainment Inc. | call | Sold out | 50,000 | $1.2Mbefore exit |
| PENN Penn Entertainment Inc. | call | Sold out | 75,000 | $1.1Mbefore exit |
| FUN Six Flags Entertainment Corp. | call | Sold out | 70,000 | $1.1Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | New | 50,000 | $722K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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 |