Park West Asset Management LLC In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Park West Asset Management LLC reported 46 stock positions worth $1.1 billion . Its top holding was Alphabet Class A (GOOGL) at 7.2% of the portfolio, followed by Amazon.com (AMZN, 6.8% ) and Flex (FLEX, 5.7% ). Compared with Q4 2025, it opened 12 new positions, sold out of 12, added to 18 and reduced 15. The biggest buy was a new position in Healthequity (HQY) and the biggest sale an exit from Flutter Entertainment PLC-Di (FLUT).
Location SAN FRANCISCO, CA
CIK 0001386928
Portfolio Value $1.1B (Q1 2026) Holdings 46 stocks · $1.1B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 GOOGL Alphabet Inc. Class A 285,000 $82.0M Reduce -19.0% AMZN Amazon.com Inc. 370,970 $77.3M Add +23.3% FLEX Flex Ltd. filed as FLEXTRONICS INTL LTD 991,497 $64.9M Add +1.0% MKSI MKS Inc. 249,240 $57.3M Reduce -10.5% HQY Healthequity Inc. 623,156 $52.1M New PRMB Primo Brands Corp. 2,714,892 $51.1M Add +117.2% BKD Brookdale Senior Living Inc. 3,576,625 $48.9M Add +398.8% PRCH Porch Group Inc. 5,097,192 $36.5M Add +0.9% CCOI Cogent Communications Holdin 1,935,201 $36.5M Add +37.3% OPLN Openlane Inc. 1,245,863 $36.3M New BDX Becton Dickinson and Co. 230,000 $36.2M Add +64.3% Z Zillow Group Inc. Class C 861,580 $35.7M Reduce -16.8% ENVA Enova International Inc. 246,263 $33.4M Add +17.8% SMTC Semtech Corp. 385,000 $29.6M New CNK Cinemark Holdings Inc. 1,024,099 $29.2M Reduce -29.4% KEX Kirby Corp. 212,510 $28.2M Add +220.5% SNPS Synopsys Inc. 63,900 $25.3M Add +36.3% GEO The Geo Group Inc. 1,455,390 $24.5M New NVDA Nvidia Corp. 130,000 $22.7M Add +100.0% CPNG Coupang Inc. 1,146,600 $21.6M Reduce -19.8% FTRE Fortrea Holdings Inc. 2,257,324 $21.3M Add +10.8% WDC Western Digital Corp. 75,027 $20.3M Reduce -32.7% TOST Toast Inc. Class A 742,125 $19.7M Add +3.1% WULF Terawulf Inc. 1,248,801 $18.0M Reduce -12.3% MCY Mercury General Corp. 193,006 $17.0M Reduce -41.4% CRH CRH PLC 160,000 $16.8M Reduce -20.0% TFX Teleflex Inc. 129,400 $15.5M New DHC Diversified Healthcare Trust 2,327,403 $15.5M Add +25.8% TSEM Tower Semiconductor Ltd. 86,540 $15.2M Reduce -75.6% FPS Forgent Power Solutions Class A 518,024 $15.2M New TIGO Millicom Intl Cellular S.A. 186,030 $13.9M Reduce -44.5% CVS CVS Health Corp. 176,500 $12.7M Add +20.1% MAMA Mama's Creations Inc. 800,000 $12.3M No change ENOV Enovis Corp. 520,592 $11.8M Add +70.0% OPCH Option Care Health Inc. 423,554 $11.4M Add +19.5% HUT Hut 8 Corp. 240,250 $11.3M Reduce -5.2% CRL Charles River Laboratories 44,800 $7.7M New IREN Iren Ltd. filed as IREN LIMITED 223,850 $7.7M Add +21.1% UTI Universal Technical Institut 210,115 $7.6M Reduce -57.7% MGNI Magnite Inc. 598,380 $7.1M New AZTA Azenta Inc. 327,893 $6.9M Reduce -53.2% LAD Lithia Motors Inc. 25,468 $6.4M Reduce -74.5% RYAM Rayonier Advanced Materials 442,000 $4.9M New OIM Oneim Acquisition Class-A 300,000 $3.0M New CXW Corecivic Inc. 116,494 $2.2M New SYM Symbotic Inc. 25,000 $1.3M New
Options reported separately and not counted above: Z calls ($20.7M), CNK calls ($14.3M), TTD calls ($6.8M), U calls ($4.4M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $186K (not counted above) Security Class Shares / Principal Value Change SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 600,105 $150K No change OIMAW Oneim Acquisition - 30 *W EXP 01/07/203 49,999 $36K New
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ FLUT Flutter Entertainment PLC-Di Sold out 0.00% −3.29 TTMI TTM Technologies Sold out 0.00% −3.16 VERX Vertex Inc. Class A Sold out 0.00% −3.08 GTM Zoominfo Technologies Inc. Sold out 0.00% −3.00 Z Zillow Group Inc. Class C Reduce -16.8% 3.15% −2.80 LAD Lithia Motors Inc. Reduce -74.5% 0.56% −2.24 TSEM Tower Semiconductor Ltd. Reduce -75.6% 1.34% −2.17 GOOGL Alphabet Inc. Class A Reduce -19.0% 7.24% −2.04 ALV Autoliv Inc. Sold out 0.00% −1.75 AZTA Azenta Inc. Reduce -53.2% 0.61% −1.35 MCY Mercury General Corp. Reduce -41.4% 1.50% −1.11 CPNG Coupang Inc. Reduce -19.8% 1.91% −0.93 BTSG Brightspring Health Services Sold out 0.00% −0.93 PHR Phreesia Inc. Sold out 0.00% −0.75 CRH CRH PLC Reduce -20.0% 1.49% −0.62 KRC Kilroy Realty Corp. Sold out 0.00% −0.55 UTI Universal Technical Institut Reduce -57.7% 0.67% −0.42 HPP Hudson Pacific Properties Inc. Sold out 0.00% −0.38 TIGO Millicom Intl Cellular S.A. Reduce -44.5% 1.23% −0.33 TBPH Theravance Biopharma Inc. Sold out 0.00% −0.29 CNK Cinemark Holdings Inc. Reduce -29.4% 2.58% −0.26 OMF Onemain Holdings Inc. Sold out 0.00% −0.23 SVC Service Pptys TR Sold out 0.00% −0.14 HUT Hut 8 Corp. Reduce -5.2% 1.00% +0.01 WDC Western Digital Corp. Reduce -32.7% 1.79% +0.17 WULF Terawulf Inc. Reduce -12.3% 1.59% +0.22 MKSI MKS Inc. Reduce -10.5% 5.06% +1.31
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ HQY Healthequity Inc. New 4.60% +4.60 BKD Brookdale Senior Living Inc. Add +398.8% 4.32% +3.67 OPLN Openlane Inc. New 3.21% +3.21 PRMB Primo Brands Corp. Add +117.2% 4.52% +2.80 SMTC Semtech Corp. New 2.62% +2.62 GEO The Geo Group Inc. New 2.16% +2.16 KEX Kirby Corp. Add +220.5% 2.49% +1.88 TFX Teleflex Inc. New 1.37% +1.37 FPS Forgent Power Solutions Class A New 1.34% +1.34 NVDA Nvidia Corp. Add +100.0% 2.00% +0.98 AMZN Amazon.com Inc. Add +23.3% 6.83% +0.98 BDX Becton Dickinson and Co. Add +64.3% 3.19% +0.91 FLEX Flex Ltd. Add +1.0% 5.73% +0.74 CRL Charles River Laboratories New 0.68% +0.68 CCOI Cogent Communications Holdin Add +37.3% 3.22% +0.66 MGNI Magnite Inc. New 0.63% +0.63 DHC Diversified Healthcare Trust Add +25.8% 1.37% +0.61 RYAM Rayonier Advanced Materials New 0.43% +0.43 SNPS Synopsys Inc. Add +36.3% 2.24% +0.38 ENOV Enovis Corp. Add +70.0% 1.05% +0.36 OIM Oneim Acquisition Class-A New 0.26% +0.26 CXW Corecivic Inc. New 0.19% +0.19 ENVA Enova International Inc. Add +17.8% 2.96% +0.19 CVS CVS Health Corp. Add +20.1% 1.12% +0.14 SYM Symbotic Inc. New 0.12% +0.12 IREN Iren Ltd. Add +21.1% 0.68% +0.09 OPCH Option Care Health Inc. Add +19.5% 1.01% +0.06 TOST Toast Inc. Class A Add +3.1% 1.74% −0.41 PRCH Porch Group Inc. Add +0.9% 3.23% −0.65 FTRE Fortrea Holdings Inc. Add +10.8% 1.88% −1.08
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ Z Zillow Group Inc. Class C call New 500,000 $20.7M LAD Lithia Motors Inc. call Sold out 50,000 $16.6Mbefore exit CNK Cinemark Holdings Inc. call New 500,000 $14.3M TTD Trade Desk Inc./the Class A call New 300,000 $6.8M U Unity Software Inc. call New 200,000 $4.4M
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 Security Class Change vs Q4 2025 Shares / Principal Value ▼ OIMAW Oneim Acquisition - 30 *W EXP 01/07/203 New 49,999 $36K
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 44 $1.5B FLEX, AMZN, HQY, GOOGL, GLAS Q1 2026 46 $1.1B GOOGL, AMZN, FLEX, MKSI, HQY Q4 2025 46 $1.2B GOOGL, Z, AMZN, FLEX, PRCH Q3 2025 42 $1.1B GOOGL, FLUT, AMZN, FLEX, Z Q2 2025 41 $1.3B KEX, Z, FISV, AMZN, TIGO Q1 2025 45 $1.2B KEX, Z, LAD, META, KSPI Q4 2024 41 $1.2B META, Z, ALV, TNDM, WDC Q3 2024 40 $1.4B GEN, GPI, OPCH, Z, FIS Q2 2024 37 $1.3B FSLR, OPCH, GEN, FIS, KEX Q1 2024 39 $1.3B GEN, FSLR, OPCH, META, GPI