Park West Asset Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Park West Asset Management LLC reported 41 stock positions worth $1.2 billion. Its top holding was Meta Platforms Class A (META) at 5.4% of the portfolio, followed by Zillow Class C (Z, 4.9%) and Autoliv (ALV, 4.9%). Compared with Q3 2024, it opened 12 new positions, sold out of 11, added to 9 and reduced 19. The biggest buy was a new position in Western Digital (WDC) and the biggest sale an exit from Fidelity National Info Serv (FIS).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001386928
Portfolio Value
$1.2B (Q4 2024)
SEC Filing
0001214659-25-002887 ↗ filed Feb 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.2B $1.2B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 41 stocks · $1.2B
META Meta Platforms Inc. Class A 5.36% 110,000 $64.4M Add +10.0%
Z Zillow Group Inc. Class C 4.92% 797,714 $59.1M Reduce -26.6%
ALV Autoliv Inc. 4.88% 625,000 $58.6M Add +56.3%
TNDM Tandem Diabetes Care Inc. 4.80% 1,600,000 $57.6M Add +49.5%
WDC Western Digital Corp. 4.62% 930,000 $55.5M New
CRH CRH PLC 4.37% 568,000 $52.6M Reduce -4.0%
MLNK Meridianlink Inc. 4.08% 2,371,118 $49.0M Reduce -25.9%
KEX Kirby Corp. 4.04% 458,279 $48.5M Reduce -13.8%
CPAY Corpay Inc. 4.02% 142,600 $48.3M Add +18.8%
LNWO Light & Wonder Inc. 3.85% 535,315 $46.2M New
OPCH Option Care Health Inc. 3.76% 1,946,191 $45.2M Reduce -17.6%
AMZN Amazon.com Inc. 3.40% 186,170 $40.8M Reduce -43.8%
UNH Unitedhealth Group Inc. 3.16% 75,100 $38.0M Add +10.3%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 3.13% 397,286 $37.6M Add +79.8%
GPI Group 1 Automotive Inc. 3.06% 87,192 $36.7M Reduce -56.1%
OMF Onemain Holdings Inc. 3.06% 704,759 $36.7M Reduce -29.9%
CZR Caesars Entertainment Inc. 3.01% 1,082,452 $36.2M Reduce -20.1%
UTI Universal Technical Institut 2.91% 1,361,986 $35.0M Reduce -28.4%
ACVA Acv Auctions Inc. Class A 2.43% 1,351,918 $29.2M Reduce -30.7%
AAON Aaon Inc. 2.01% 205,000 $24.1M New
LAUR Laureate Education Inc. 1.96% 1,285,140 $23.5M Reduce -8.9%
EDR Endeavor Group Hold Class A 1.76% 675,000 $21.1M No change
GEN Gen Digital Inc. 1.68% 737,979 $20.2M Reduce -74.9%
TNET Trinet Group Inc. 1.65% 219,000 $19.9M New
CNK Cinemark Holdings Inc. 1.60% 619,424 $19.2M Add +13.2%
VITL Vital Farms Inc. 1.52% 485,000 $18.3M New
FLEX Flex Ltd. 1.48% 462,886 $17.8M Reduce -61.1%
FSLR First Solar Inc. 1.47% 100,000 $17.6M Add +33.3%
UAL United Airlines Holdings Inc. 1.45% 180,000 $17.5M New
TBPH Theravance Biopharma Inc. 1.40% 1,792,988 $16.9M Reduce -3.8%
AZTA Azenta Inc. 1.25% 300,000 $15.0M New
RUN Sunrun Inc. 1.13% 1,472,726 $13.6M Reduce -5.7%
OSCR Oscar Health Inc. Class A 1.03% 925,000 $12.4M Add +186.9%
FLGT Fulgent Genetics Inc. 0.99% 641,682 $11.9M Reduce -10.1%
PHR Phreesia Inc. 0.89% 423,570 $10.7M New
TOST Toast Inc. Class A 0.89% 292,075 $10.6M Reduce -55.2%
LAZYDAYS HLDGS INC 0.86% 10,871,493 $10.4M New
HCI Hci Group Inc. 0.62% 64,349 $7.5M New
LNSR Lensar Inc. 0.60% 810,676 $7.2M Reduce -18.1%
TIGO Millicom Intl Cellular S.A. 0.51% 246,497 $6.2M New
NBIS Nebius Group NV 0.40% 174,000 $4.8M New

Options reported separately and not counted above: Z calls ($18.5M), CNK calls ($15.5M), VITL calls ($9.4M).

Other holdings (1): bonds, preferreds, convertibles and warrants · $52K (not counted above)
SecurityClassShares / PrincipalValueChange
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 600,105$52KNo change

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q3 2024 → Q4 2024
FIS Fidelity National Info Serv Sold out 0.00% −5.03
GEN Gen Digital Inc. Reduce -74.9% 1.68% −4.27
UBER Uber Technologies Inc. Sold out 0.00% −3.60
GPI Group 1 Automotive Inc. Reduce -56.1% 3.06% −2.56
OPCH Option Care Health Inc. Reduce -17.6% 3.76% −1.70
WCC Wesco International Inc. Sold out 0.00% −1.58
FLEX Flex Ltd. Reduce -61.1% 1.48% −1.46
CZR Caesars Entertainment Inc. Reduce -20.1% 3.01% −1.17
AMZN Amazon.com Inc. Reduce -43.8% 3.40% −1.16
RUN Sunrun Inc. Reduce -5.7% 1.13% −0.95
MLNK Meridianlink Inc. Reduce -25.9% 4.08% −0.79
KEX Kirby Corp. Reduce -13.8% 4.04% −0.78
WAY Waystar Holding Corp. Sold out 0.00% −0.77
ENVX Enovix Corp. Sold out 0.00% −0.60
TPB Turning Point Brands Inc. Sold out 0.00% −0.60
SILA Sila Realty Trust Inc. Sold out 0.00% −0.59
LINE Lineage Inc. Sold out 0.00% −0.58
ACVA Acv Auctions Inc. Class A Reduce -30.7% 2.43% −0.50
TOST Toast Inc. Class A Reduce -55.2% 0.89% −0.48
OMF Onemain Holdings Inc. Reduce -29.9% 3.06% −0.44
TREE Lendingtree Inc. Sold out 0.00% −0.26
Z Zillow Group Inc. Class C Reduce -26.6% 4.92% −0.21
FLGT Fulgent Genetics Inc. Reduce -10.1% 0.99% −0.16
SPWR Sunpower Inc. Sold out 0.00% −0.07
FPH Five Point Holdings LLC Class A Sold out 0.00% −0.06
LAUR Laureate Education Inc. Reduce -8.9% 1.96% +0.23
LNSR Lensar Inc. Reduce -18.1% 0.60% +0.27
TBPH Theravance Biopharma Inc. Reduce -3.8% 1.40% +0.29
CRH CRH PLC Reduce -4.0% 4.37% +0.32
UTI Universal Technical Institut Reduce -28.4% 2.91% +0.63

Portfolio Buys Q3 2024 → Q4 2024
WDC Western Digital Corp. New 4.62% +4.62
LNWO Light & Wonder Inc. New 3.85% +3.85
ALV Autoliv Inc. Add +56.3% 4.88% +2.12
AAON Aaon Inc. New 2.01% +2.01
TNET Trinet Group Inc. New 1.65% +1.65
VITL Vital Farms Inc. New 1.52% +1.52
UAL United Airlines Holdings Inc. New 1.45% +1.45
TNDM Tandem Diabetes Care Inc. Add +49.5% 4.80% +1.44
KSPI JSC Kaspi.kz ADR Add +79.8% 3.13% +1.40
AZTA Azenta Inc. New 1.25% +1.25
CPAY Corpay Inc. Add +18.8% 4.02% +1.24
META Meta Platforms Inc. Class A Add +10.0% 5.36% +1.13
PHR Phreesia Inc. New 0.89% +0.89
LAZYDAYS HLDGS INC New 0.86% +0.86
HCI Hci Group Inc. New 0.62% +0.62
OSCR Oscar Health Inc. Class A Add +186.9% 1.03% +0.53
TIGO Millicom Intl Cellular S.A. New 0.51% +0.51
CNK Cinemark Holdings Inc. Add +13.2% 1.60% +0.47
NBIS Nebius Group NV New 0.40% +0.40
UNH Unitedhealth Group Inc. Add +10.3% 3.16% +0.22
FSLR First Solar Inc. Add +33.3% 1.47% +0.08

Options Activity Q3 2024 → Q4 2024
CNK Cinemark Holdings Inc. call Reduce -50.0% 500,000 $15.5M
VITL Vital Farms Inc. call New 250,000 $9.4M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 44$1.5BFLEX, AMZN, HQY, GOOGL, GLAS
Q1 2026 46$1.1BGOOGL, AMZN, FLEX, MKSI, HQY
Q4 2025 46$1.2BGOOGL, Z, AMZN, FLEX, PRCH
Q3 2025 42$1.1BGOOGL, FLUT, AMZN, FLEX, Z
Q2 2025 41$1.3BKEX, Z, FISV, AMZN, TIGO
Q1 2025 45$1.2BKEX, Z, LAD, META, KSPI
Q4 2024 41$1.2BMETA, Z, ALV, TNDM, WDC
Q3 2024 40$1.4BGEN, GPI, OPCH, Z, FIS
Q2 2024 37$1.3BFSLR, OPCH, GEN, FIS, KEX
Q1 2024 39$1.3BGEN, FSLR, OPCH, META, GPI