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HVCM
HG Vora Capital Management Portfolio holdings
AUM
$191M
1-Year Est. Return
1.23%
This Fund
S&P 500
This Quarter
Est. Return
+8.61%
1 Year Est. Return
-1.23%
3 Year Est. Return
+10.12%
5 Year Est. Return
-3.44%
10 Year Est. Return
+88.16%
AUM
$740M
AUM Growth
-$453M
(-38%)
Cap. Flow
-$511M
Cap. Flow
% of AUM
-69.07%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
15
New
2
Increased
2
Reduced
2
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sinclair Inc
SBGI
|
+$70.5M |
| 2 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$41.5M |
| 3 |
TSG
The Stars Group Inc.
TSG
|
+$22.5M |
| 4 |
FTR
Frontier Communications Corp.
FTR
|
+$4.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$142M |
| 2 |
TVPT
Travelport Worldwide Limited
TVPT
|
+$50.9M |
| 3 |
PENN Entertainment
PENN
|
+$48.7M |
| 4 |
Kroger
KR
|
+$28.2M |
| 5 |
New York Times
NYT
|
+$22.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 35.11% |
| 2 | Consumer Discretionary | 31.63% |
| 3 | Real Estate | 8.91% |
| 4 | Consumer Staples | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Sinclair Inc
SBGI
$994M
| $224M | 30.3% |
7,000,000
+2,250,000
| +47% | +$70.5M |
|
|
2
PENN Entertainment
PENN
$2.75B
| $142M | 19.11% |
6,050,000
-2,275,000
| -27% | -$48.7M |
|
|
PNK
3
DELISTED
Pinnacle Entertainment Inc.
PNK
| $117M | 15.83% |
5,500,000
| – | – |
|
|
SRC
4
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $66M | 8.91% |
1,717,100
-3,857,900
| -69% | -$142M |
|
|
CLUB
5
DELISTED
Town Sports International Holdings, Inc.
CLUB
| $59.5M | 8.04% |
8,500,000
| – | – |
|
|
ZAYO
6
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $43M | 5.81% |
+1,250,000
| New | +$41.5M |
|
7
Inspired Entertainment
INSE
$182M
| $33.2M | 4.49% |
2,506,500
| – | – |
|
|
TSG
8
DELISTED
The Stars Group Inc.
TSG
| $25.6M | 3.46% |
+1,250,000
| New | +$22.5M |
|
|
9
CALL
Kroger
KR
$35.4B
| $20.1M | 2.71% |
1,000,000
| – | – |
|
|
FTR
10
DELISTED
Frontier Communications Corp.
FTR
| $10M | 1.35% |
850,000
+300,000
| +55% | +$4.21M |
|
11
CALL
Ally Financial
ALLY
$13.2B
| – | – |
-1,500,000
| Closed | -$31.4M |
|
|
12
Kroger
KR
$35.4B
| – | – |
-1,250,000
| Closed | -$28.2M |
|
|
13
New York Times
NYT
$12.3B
| – | – |
-1,250,000
| Closed | -$22.1M |
|
14
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| – | – |
-1,350,000
| Closed | -$326M |
|
|
TVPT
15
DELISTED
Travelport Worldwide Limited
TVPT
| – | – |
-3,700,000
| Closed | -$50.9M |
|
Similar funds
EWM
MRCM
TA
PSU
GC
PB
WSL
CCC
HG Vora Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, HG Vora Capital Management held 15 positions worth $740M, down 38% from $1.19B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
HG Vora Capital Management withdrew a net $511M in Q3 2017, closing 5 positions and reducing 2 holdings. Its most notable exit was Travelport Worldwide Limited, an estimated $50.9M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 35% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, HG Vora Capital Management opened a new position in Zayo Group Holdings, Inc. worth $43M.
- HG Vora Capital Management's largest Q3 2017 buy was Zayo Group Holdings, Inc.: 1,250,000 shares worth $43M.
- HG Vora Capital Management added most to Sinclair Inc in Q3 2017, an estimated $70.5M increase.
- HG Vora Capital Management's biggest Q3 2017 reduction was SPIRIT REALTY CAPITAL, INC., cutting an estimated $142M.
- HG Vora Capital Management fully exited Travelport Worldwide Limited in Q3 2017, selling an estimated $50.9M.
- HG Vora Capital Management's ten largest holdings make up 100% of its $740M portfolio in Q3 2017.
- HG Vora Capital Management opened 2 new positions and closed 5 in Q3 2017.
- HG Vora Capital Management's portfolio value fell 38% quarter-over-quarter to $740M.
Based on HG Vora Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.