HG Vora Capital Management, LLC

CIK

1525362

Location

NEW YORK, NY

Portfolio Value

Small $169,880,534

Diversification

Highly concentrated

Filing Date

Global Rank

#4,555 / 8,603 ▼ 640 · as of Mar 2026

Top Industry

Resorts & Casinos 50.2%

3Y Alpha vs SPY

-12.1%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+24.7%

SPY

+76.5%

Annualised alpha

-13.2%

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

6 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

50.2%

+12.2 pts

Top 5

98.2%

−0.2 pts

Top 10

100.0%

0.0 pts

HHI

3,311

Highly concentrated+467

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	74.3%	$126,194,784	4
Financial Services	24.0%	$40,695,750	1
Communication Services	1.8%	$2,990,000	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
DRVN	Driven Brands Holdings Inc.	−4,300,000	950,000	$11,979,500
PENN	PENN Entertainment, Inc.	−575,000	5,675,000	$85,295,250
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
PRKS	United Parks & Resorts Inc.	600,000	$19,596,000
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
EQH	Equitable Holdings, Inc.	400,000	$19,060,000
NVRI	Enviri Corp	1,250,000	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

6 positions · $169,880,534 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PENN	PENN Entertainment, Inc. Consumer Cyclical	Reduced	5,675,000	-575,000	$85,295,250	−7.5%	50.21%
FAF	First American Financial Corp Financial Services	Held	675,000	0	$40,695,750	−1.9%	23.96%
PRKS	United Parks & Resorts Inc. Consumer Cyclical	NEW	600,000	NEW	$19,596,000	NEW	11.54%
DRVN	Driven Brands Holdings Inc. Consumer Cyclical	Reduced	950,000	-4,300,000	$11,979,500	−84.6%	7.05%
FOSL	Fossil Group, Inc. Consumer Cyclical	Held	2,163,349	0	$9,324,034	+14.6%	5.49%
OPTU	Optimum Communications, Inc. Communication Services	Held	2,300,000	0	$2,990,000	−21.2%	1.76%