Union Square Park Capital Management, LLC In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Union Square Park Capital Management, LLC reported 24 stock positions worth $74.1 million . Its top holding was RH (RH) at 11.4% of the portfolio, followed by Caesars Entertainment (CZR, 9.3% ) and Peloton Interactive Class A (PTON, 8.0% ). Compared with Q2 2024, it opened 8 new positions, sold out of 5, added to 9 and reduced 5. The biggest buy was a new position in Forward Air (FWRD) and the biggest sale an exit from Expedia (EXPE).
Location New York, NY
CIK 0001666231
Portfolio Value $74.1M (Q3 2024) Holdings 24 stocks · $74.1M 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 Q2 2024 RH RH 25,285 $8.5M Reduce -8.1% CZR Caesars Entertainment Inc. 165,000 $6.9M Reduce -2.9% PTON Peloton Interactive Inc. Class A 1,265,000 $5.9M Reduce -26.7% HGV Hilton Grand Vacations Inc. 155,000 $5.6M Add +10.7% RDNW Ridenow Group Inc. filed as RUMBLEON INC 1,119,593 $5.4M Add +39.5% GDEN Golden Entertainment Inc. 160,000 $5.1M Add +5.6% ESTA Establishment Labs Holdings 108,808 $4.7M Add +14.5% SPWH Sportsman's Warehouse Holdin 1,462,246 $4.0M Add +21.9% ILPT Industrial Logistics Propert 747,051 $3.6M Reduce -19.6% MHK Mohawk Industries Inc. 20,000 $3.2M No change DHC Diversified Healthcare Trust 700,000 $2.9M Reduce -19.5% RMNI Rimini Street Inc. 1,341,554 $2.5M Add +11.6% FWRD Forward Air Corp. 65,000 $2.3M New AIV Apartment Invt & Mgmt Co. Class A 235,000 $2.1M New OPRT Oportun Financial Corp. 698,681 $2.0M Add +0.6% COMP Compass Inc. Class A 300,000 $1.8M Add +71.4% HOUS Anywhere Real Estate Inc. 271,323 $1.4M Add +261.8% UPWK Upwork Inc. 125,000 $1.3M New CVS CVS Health Corp. 20,000 $1.3M New FND Floor & Decor Holdings Inc. Class A 10,000 $1.2M No change PETXQ Wag! Group Co. 1,000,000 $860K New MGNI Magnite Inc. 50,000 $693K New RMAX Re/Max Holdings Inc. Class A 55,000 $685K New EGRX Eagle Pharmaceuticals Inc. 56,963 $212K New
Options reported separately and not counted above: IWM puts ($32.6M), GEV calls ($7.6M), PYPL calls ($5.9M), FND calls ($5.6M), CZR calls ($3.9M), FWRD calls ($3.5M), UPWK calls ($2.1M), PTON calls ($1.4M), COMP calls ($611K), ILPT calls ($520K).
Portfolio Sells Q2 2024 → Q3 2024 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ EXPE Expedia Group Inc. Sold out 0.00% −7.74 DELL Dell Technologies -C Sold out 0.00% −3.18 INSE Inspired Entertainment Inc. Sold out 0.00% −1.53 CZR Caesars Entertainment Inc. Reduce -2.9% 9.30% −1.08 PTON Peloton Interactive Inc. Class A Reduce -26.7% 7.99% −0.96 MCS Marcus Corporation Sold out 0.00% −0.79 RRGB Red Robin Gourmet Burgers Sold out 0.00% −0.59 ILPT Industrial Logistics Propert Reduce -19.6% 4.80% −0.45 DHC Diversified Healthcare Trust Reduce -19.5% 3.96% −0.11 RH RH Reduce -8.1% 11.42% +1.09
Portfolio Buys Q2 2024 → Q3 2024 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ FWRD Forward Air Corp. New 3.11% +3.11 AIV Apartment Invt & Mgmt Co. Class A New 2.87% +2.87 RDNW Ridenow Group Inc. Add +39.5% 7.24% +2.19 UPWK Upwork Inc. New 1.76% +1.76 CVS CVS Health Corp. New 1.70% +1.70 COMP Compass Inc. Class A Add +71.4% 2.48% +1.51 HOUS Anywhere Real Estate Inc. Add +261.8% 1.86% +1.48 PETXQ Wag! Group Co. New 1.16% +1.16 MGNI Magnite Inc. New 0.94% +0.94 RMAX Re/Max Holdings Inc. Class A New 0.92% +0.92 SPWH Sportsman's Warehouse Holdin Add +21.9% 5.35% +0.91 EGRX Eagle Pharmaceuticals Inc. New 0.29% +0.29 ESTA Establishment Labs Holdings Add +14.5% 6.36% −0.27 GDEN Golden Entertainment Inc. Add +5.6% 6.87% −0.37 OPRT Oportun Financial Corp. Add +0.6% 2.65% −0.44 HGV Hilton Grand Vacations Inc. Add +10.7% 7.60% −1.09 RMNI Rimini Street Inc. Add +11.6% 3.35% −2.32
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put Add +22.9% 147,500 $32.6M GEV GE Vernova Inc. call New 30,000 $7.6M PYPL PayPal Holdings Inc. call Add +200.0% 75,000 $5.9M FND Floor & Decor Holdings Inc. Class A call Add +4.7% 45,000 $5.6M RH RH call Sold out 21,500 $5.3Mbefore exit CZR Caesars Entertainment Inc. call Reduce -7.5% 92,500 $3.9M FWRD Forward Air Corp. call New 100,000 $3.5M EXPE Expedia Group Inc. call Sold out 25,000 $3.1Mbefore exit GO Grocery Outlet Holding Corp. call Sold out 100,000 $2.2Mbefore exit UPWK Upwork Inc. call New 200,000 $2.1M GRPN Groupon Inc. call Sold out 100,000 $1.5Mbefore exit PLTR Palantir Technologies Inc. Class A call Sold out 60,000 $1.5Mbefore exit PTON Peloton Interactive Inc. Class A call New 305,000 $1.4M COMP Compass Inc. Class A call New 100,000 $611K ILPT Industrial Logistics Propert call New 109,200 $520K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024 Security Class Change vs Q2 2024 Shares / Principal Value ▼ PRCWF Procaps Group SA -CW26 *W EXP 09/29/202 Sold out 200,000 $8Kbefore exit
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 50 $136.9M RH, PTON, ESTA, RDNW, COMP Q1 2026 Amended 53 $114.3M RDNW, RH, PTON, ESTA, AIV Q4 2025 42 $127.9M RH, RDNW, CZR, COMP, TDOC Q3 2025 44 $141.9M RH, COMP, CZR, RDNW, ESTA Q2 2025 39 $113.3M RH, CZR, ESTA, ILPT, SPWH Q1 2025 37 $90.9M RH, CZR, HGV, PTON, ESTA Q4 2024 25 $91.8M RH, ESTA, HGV, RDNW, FND Q3 2024 24 $74.1M RH, CZR, PTON, HGV, RDNW Q2 2024 21 $65.1M CZR, RH, PTON, HGV, EXPE Q1 2024 Amended 19 $52.9M HGV, GDEN, CZR, RH, EXPE