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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
-4.45%
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
$1.04B
AUM Growth
-$333M
(-24%)
Cap. Flow
-$276M
Cap. Flow
% of AUM
-26.4%
Top 10 Holdings %
Top 10 Hldgs %
87.28%
Holding
24
New
4
Increased
4
Reduced
4
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caesars Entertainment
CZR
|
+$53.1M |
| 2 |
Pebblebrook Hotel Trust
PEB
|
+$50.7M |
| 3 |
PENN Entertainment
PENN
|
+$32.2M |
| 4 |
TDAY
USA Today Co
TDAY
|
+$26M |
| 5 |
PLYA
Playa Hotels & Resorts
PLYA
|
+$17.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Owens Corning
OC
|
+$103M |
| 2 |
Dave & Buster's
PLAY
|
+$80.9M |
| 3 |
Norwegian Cruise Line
NCLH
|
+$68.5M |
| 4 |
GCI
Gannett Co., Inc
GCI
|
+$64.1M |
| 5 |
Carnival Corporation Ltd
CCL
|
+$58.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 56.41% |
| 2 | Industrials | 12.11% |
| 3 | Real Estate | 10.08% |
| 4 | Healthcare | 9.98% |
| 5 | Communication Services | 7.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Caesars Entertainment
CZR
$6.03B
| $229M | 21.96% |
5,750,000
+1,250,000
| +28% | +$53.1M |
|
|
2
PENN Entertainment
PENN
$2.75B
| $140M | 13.38% |
7,500,000
+1,700,000
| +29% | +$32.2M |
|
|
3
Owens Corning
OC
$11.2B
| $126M | 12.11% |
2,000,000
-1,800,000
| -47% | -$103M |
|
|
4
Norwegian Cruise Line
NCLH
$8.59B
| $95.8M | 9.17% |
1,850,000
-1,350,000
| -42% | -$68.5M |
|
|
TVTY
5
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $79M | 7.57% |
4,750,000
| – | – |
|
6
Diamondrock Hospitality Co
DRH
$2.64B
| $53.8M | 5.15% |
5,250,000
-1,500,000
| -22% | -$14.8M |
|
|
PLYA
7
DELISTED
Playa Hotels & Resorts
PLYA
| $53.6M | 5.14% |
6,850,000
+2,300,000
| +51% | +$17.6M |
|
|
TSG
8
DELISTED
The Stars Group Inc.
TSG
| $52.4M | 5.02% |
3,500,000
+500,000
| +17% | +$7.77M |
|
|
9
Pebblebrook Hotel Trust
PEB
$2.12B
| $51.5M | 4.93% |
+1,850,000
| New | +$50.7M |
|
10
Bally's
BALY
$700M
| $29.7M | 2.84% |
1,300,000
-200,000
| -13% | -$4.93M |
|
11
Inspired Entertainment
INSE
$182M
| $27M | 2.58% |
3,750,000
| – | – |
|
|
LACQ
12
DELISTED
Leisure Acquisition Corp.
LACQ
| $25.2M | 2.42% |
2,462,500
| – | – |
|
|
TDAY
13
USA Today Co
TDAY
$1.28B
| $25.1M | 2.41% |
+2,850,000
| New | +$26M |
|
|
OAC.U
14
DELISTED
Oaktree Acquisition Corp.
OAC.U
| $17.3M | 1.65% |
+1,700,000
| New | +$17.3M |
|
|
CLUB
15
DELISTED
Town Sports International Holdings, Inc.
CLUB
| $13.9M | 1.34% |
8,500,000
| – | – |
|
|
MINI
16
DELISTED
Mobile Mini Inc
MINI
| $11.1M | 1.06% |
+300,000
| New | +$9.79M |
|
|
LACQU
17
DELISTED
Leisure Acquisition Corp. Unit
LACQU
| $10.7M | 1.02% |
1,000,000
| – | – |
|
|
LACQW
18
DELISTED
Leisure Acquisition Corp. Warrant
LACQW
| $2.59M | 0.25% |
3,412,500
| – | – |
|
|
19
Carnival Corporation Ltd
CCL
$38B
| – | – |
-1,250,000
| Closed | -$58.2M |
|
|
BRSL
20
Brightstar Lottery PLC
BRSL
$1.87B
| – | – |
-3,700,000
| Closed | -$48M |
|
21
Knowles
KN
$3.08B
| – | – |
-1,000,000
| Closed | -$18.3M |
|
|
22
Dave & Buster's
PLAY
$377M
| – | – |
-2,000,000
| Closed | -$80.9M |
|
23
Valvoline
VVV
$4.9B
| – | – |
-1,500,000
| Closed | -$29.3M |
|
|
GCI
24
DELISTED
Gannett Co., Inc
GCI
| – | – |
-7,850,000
| Closed | -$64.1M |
|
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HG Vora Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, HG Vora Capital Management held 24 positions worth $1.04B, down 24% from $1.38B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
HG Vora Capital Management withdrew a net $276M in Q3 2019, closing 6 positions and reducing 4 holdings. Its most notable exit was Dave & Buster's, an estimated $80.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 56% of assets, up from 55% a quarter earlier, followed by Industrials and Real Estate.
Against the trend, HG Vora Capital Management opened a new position in Pebblebrook Hotel Trust worth $51.5M.
- HG Vora Capital Management's largest Q3 2019 buy was Pebblebrook Hotel Trust: 1,850,000 shares worth $51.5M.
- HG Vora Capital Management added most to Caesars Entertainment in Q3 2019, an estimated $53.1M increase.
- HG Vora Capital Management's biggest Q3 2019 reduction was Owens Corning, cutting an estimated $103M.
- HG Vora Capital Management fully exited Dave & Buster's in Q3 2019, selling an estimated $80.9M.
- HG Vora Capital Management's ten largest holdings make up 87% of its $1.04B portfolio in Q3 2019.
- HG Vora Capital Management opened 4 new positions and closed 6 in Q3 2019.
- HG Vora Capital Management's portfolio value fell 24% quarter-over-quarter to $1.04B.
Based on HG Vora Capital Management's 13F filing for Q3 2019, filed 13 Nov 2019.