Union Square Park Capital Management, LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Union Square Park Capital Management, LLC reported 25 stock positions worth $91.8 million . Its top holding was RH (RH) at 9.4% of the portfolio, followed by Establishment Labs (ESTA, 8.0% ) and Hilton Grand Vacations (HGV, 6.6% ). Compared with Q3 2024, it opened 7 new positions, sold out of 6, added to 9 and reduced 7. The biggest buy was a new position in Super Micro Computer (SMCI) and the biggest sale Caesars Entertainment (CZR, shares −12% ).
Location New York, NY
CIK 0001666231
Portfolio Value $91.8M (Q4 2024) Holdings 25 stocks · $91.8M 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 Q3 2024 RH RH 22,000 $8.7M Reduce -13.0% ESTA Establishment Labs Holdings 160,000 $7.4M Add +47.0% HGV Hilton Grand Vacations Inc. 155,000 $6.0M No change RDNW Ridenow Group Inc. filed as RUMBLEON INC 978,050 $5.3M Reduce -12.6% FND Floor & Decor Holdings Inc. Class A 50,000 $5.0M Add +400.0% CZR Caesars Entertainment Inc. 145,000 $4.8M Reduce -12.1% GDEN Golden Entertainment Inc. 150,000 $4.7M Reduce -6.3% SMCI Super Micro Computer Inc. 150,000 $4.6M New PTON Peloton Interactive Inc. Class A 525,000 $4.6M Reduce -58.5% SPWH Sportsman's Warehouse Holdin 1,681,456 $4.5M Add +15.0% ADBE Adobe Inc. 10,000 $4.4M New TTEC Ttec Holdings Inc. filed as TTEC HLDGS INC 889,929 $4.4M New ILPT Industrial Logistics Propert 1,200,000 $4.4M Add +60.6% MHK Mohawk Industries Inc. 30,000 $3.6M Add +50.0% VYX NCR Voyix Corp. 200,000 $2.8M New AIV Apartment Invt & Mgmt Co. Class A 300,000 $2.7M Add +27.7% COMP Compass Inc. Class A 400,000 $2.3M Add +33.3% SLNO Soleno Therapeutics Inc. 50,000 $2.2M New DHC Diversified Healthcare Trust 925,000 $2.1M Add +32.1% OPRT Oportun Financial Corp. 532,879 $2.1M Reduce -23.7% RMNI Rimini Street Inc. 728,236 $1.9M Reduce -45.7% HOUS Anywhere Real Estate Inc. 365,000 $1.2M Add +34.5% DAKT Daktronics Inc. 65,000 $1.1M New RMAX Re/Max Holdings Inc. Class A 55,000 $587K No change NINEQ Nine Energy Service Inc. 285,240 $319K New
Options reported separately and not counted above: IWM puts ($33.1M), PTON calls ($7.6M), PLTR calls ($7.6M), FND calls ($5.0M), PENN calls ($4.0M), CZR calls ($3.3M), CVS puts ($2.2M), WOOF calls ($381K).
Portfolio Sells Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ CZR Caesars Entertainment Inc. Reduce -12.1% 5.28% −4.02 FWRD Forward Air Corp. Sold out 0.00% −3.11 PTON Peloton Interactive Inc. Class A Reduce -58.5% 4.97% −3.02 RH RH Reduce -13.0% 9.43% −1.99 UPWK Upwork Inc. Sold out 0.00% −1.76 GDEN Golden Entertainment Inc. Reduce -6.3% 5.16% −1.71 CVS CVS Health Corp. Sold out 0.00% −1.70 RDNW Ridenow Group Inc. Reduce -12.6% 5.78% −1.46 RMNI Rimini Street Inc. Reduce -45.7% 2.12% −1.23 PETXQ Wag! Group Co. Sold out 0.00% −1.16 MGNI Magnite Inc. Sold out 0.00% −0.94 OPRT Oportun Financial Corp. Reduce -23.7% 2.25% −0.40 EGRX Eagle Pharmaceuticals Inc. Sold out 0.00% −0.29
Portfolio Buys Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ SMCI Super Micro Computer Inc. New 4.98% +4.98 ADBE Adobe Inc. New 4.84% +4.84 TTEC Ttec Holdings Inc. New 4.83% +4.83 FND Floor & Decor Holdings Inc. Class A Add +400.0% 5.43% +3.75 VYX NCR Voyix Corp. New 3.01% +3.01 SLNO Soleno Therapeutics Inc. New 2.45% +2.45 ESTA Establishment Labs Holdings Add +47.0% 8.03% +1.67 DAKT Daktronics Inc. New 1.19% +1.19 NINEQ Nine Energy Service Inc. New 0.35% +0.35 AIV Apartment Invt & Mgmt Co. Class A Add +27.7% 2.97% +0.10 COMP Compass Inc. Class A Add +33.3% 2.55% +0.07 ILPT Industrial Logistics Propert Add +60.6% 4.77% −0.03 MHK Mohawk Industries Inc. Add +50.0% 3.89% −0.45 SPWH Sportsman's Warehouse Holdin Add +15.0% 4.89% −0.46 HOUS Anywhere Real Estate Inc. Add +34.5% 1.31% −0.55 DHC Diversified Healthcare Trust Add +32.1% 2.32% −1.64
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put Add +1.7% 150,000 $33.1M GEV GE Vernova Inc. call Sold out 30,000 $7.6Mbefore exit PTON Peloton Interactive Inc. Class A call Add +186.9% 875,000 $7.6M PLTR Palantir Technologies Inc. Class A call New 100,000 $7.6M PYPL PayPal Holdings Inc. call Sold out 75,000 $5.9Mbefore exit FND Floor & Decor Holdings Inc. Class A call Add +11.1% 50,000 $5.0M PENN Penn Entertainment Inc. call New 200,000 $4.0M FWRD Forward Air Corp. call Sold out 100,000 $3.5Mbefore exit CZR Caesars Entertainment Inc. call Add +8.1% 100,000 $3.3M CVS CVS Health Corp. put New 50,000 $2.2M UPWK Upwork Inc. call Sold out 200,000 $2.1Mbefore exit COMP Compass Inc. Class A call Sold out 100,000 $611Kbefore exit ILPT Industrial Logistics Propert call Sold out 109,200 $520Kbefore exit WOOF Petco Health and Wellness Co. call New 100,000 $381K
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 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