HG Vora Capital Management, LLC
CIK
1525362
Location
NEW YORK, NY
Portfolio Value
Small
$242,453,692
Diversification
Highly concentrated
Filing Date
Global Rank
#3,707
/ 8,420
▼ 1550
Top Industry
Resorts & Casinos
38.0%
3Y Alpha vs SPY
-14.2%
Period ended 6 months ago
Filed Feb 17, 2026 · 4mo
24 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+21.2%
SPY
+76.3%
Annualised alpha
-14.2%
Max drawdown
−31.9%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
7 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
38.0%
+18.2 pts
Top 5
98.4%
+34.0 pts
Top 10
100.0%
+6.3 pts
HHI
2,844
Highly concentrated+1,747
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 73.5% | $178,126,692 |
| Financial Services | 25.0% | $60,532,000 |
| Communication Services | 1.6% | $3,795,000 |
| Industrials | 0.0% | $0 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reduced
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NVRI-WI | Enviri II Corp | −1,475,000 | 1,250,000 | $0 | |
| PENN | PENN Entertainment, Inc. | −1,000,000 | 6,250,000 | $92,187,500 | |
| OPTU | Optimum Communications, Inc. | −800,000 | 2,300,000 | $3,795,000 | |
| EQH | Equitable Holdings, Inc. | −400,000 | 400,000 | $19,060,000 | |
| DRVN | Driven Brands Holdings Inc. | −350,000 | 5,250,000 | $77,805,000 | |
| FAF | First American Financial Corp | −350,000 | 675,000 | $41,472,000 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| FOSL | Fossil Group, Inc. | 2,163,349 | $8,134,192 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CZR | Caesars Entertainment, Inc. | 3,500,000 | $94,587,500 | |
| R | Ryder System Inc | 335,000 | $63,194,400 | |
| FUN | Six Flags Entertainment Corporation/NEW | 2,175,000 | $49,416,000 | |
| CLVT | Clarivate PLC | 11,125,000 | $42,608,750 | |
| UGI | Ugi Corp /Pa/ | 1,200,000 | $39,912,000 | |
| WSC | WillScot Holdings Corp | 1,550,000 | $32,720,500 | |
| PRKS | United Parks & Resorts Inc. | 425,000 | $21,972,500 | |
| IQV | Iqvia Holdings Inc. | 80,000 | $15,195,200 | |
| No positions match the current search. | ||||
7 positions ·
$242,453,692 total
· as of Dec 31, 2025
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PENN |
PENN Entertainment, Inc.
Consumer Cyclical
|
Reduced | 6,250,000 | $92,187,500 | 38.02% | |
| DRVN |
Driven Brands Holdings Inc.
Consumer Cyclical
|
Reduced | 5,250,000 | $77,805,000 | 32.09% | |
| FAF |
First American Financial Corp
Financial Services
|
Reduced | 675,000 | $41,472,000 | 17.11% | |
| EQH |
Equitable Holdings, Inc.
Financial Services
|
Reduced | 400,000 | $19,060,000 | 7.86% | |
| FOSL |
Fossil Group, Inc.
Consumer Cyclical
|
NEW | 2,163,349 | $8,134,192 | 3.35% | |
| OPTU |
Optimum Communications, Inc.
Communication Services
|
Reduced | 2,300,000 | $3,795,000 | 1.57% | |
| NVRI-WI |
Enviri II Corp
Industrials
|
Reduced | 1,250,000 | $0 | 0.00% |