HG Vora Capital Management’s First American FAF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$40.7M	Hold	675,000	–	–	21.33%	2
2025 Q4	$41.5M	Sell	675,000 -350,000	-34%	-$22M	15.66%	3
2025 Q3	$65.8M	Sell	1,025,000 -375,000	-27%	-$23.7M	8.92%	4
2025 Q2	$85.9M	Sell	1,400,000 -775,000	-36%	-$46M	9.47%	5
2025 Q1	$143M	Sell	2,175,000 -1,170,000	-35%	-$74.1M	14.59%	1
2024 Q4	$209M	Sell	3,345,000 -455,000	-12%	-$29.7M	15.75%	2
2024 Q3	$251M	Sell	3,800,000 -1,275,000	-25%	-$77.8M	18.38%	2
2024 Q2	$274M	Sell	5,075,000 -1,000,000	-16%	-$55.6M	17.78%	2
2024 Q1	$371M	Sell	6,075,000 -925,000	-13%	-$54.6M	21.29%	1
2023 Q4	$451M	Sell	7,000,000 -500,000	-7%	-$28.5M	23.11%	1
2023 Q3	$424M	Sell	7,500,000 -2,500,000	-25%	-$150M	21.8%	2
2023 Q2	$570M	Hold	10,000,000	–	–	25.24%	2
2023 Q1	$557M	Hold	10,000,000	–	–	22.64%	2
2022 Q4	$523M	Hold	10,000,000	–	–	22.26%	1
2022 Q3	$461M	Sell	10,000,000 -850,000	-8%	-$46M	21.13%	1
2022 Q2	$574M	Hold	10,850,000	–	–	23.27%	1
2022 Q1	$703M	Buy	10,850,000 +550,000	+5%	+$39.1M	21.23%	1
2021 Q4	$806M	Buy	10,300,000 +800,000	+8%	+$59.7M	30.21%	1
2021 Q3	$637M	Buy	9,500,000 +3,250,000	+52%	+$217M	24.14%	1
2021 Q2	$390M	Buy	6,250,000 +3,250,000	+108%	+$207M	17.69%	1
2021 Q1	$170M	Buy	+3,000,000	New	+$164M	9.08%	2