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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
+11.48%
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
$1.96B
AUM Growth
-$1.2B
(-38%)
Cap. Flow
-$1.3B
Cap. Flow
% of AUM
-66.19%
Top 10 Holdings %
Top 10 Hldgs %
98.12%
Holding
17
New
1
Increased
3
Reduced
4
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Driven Brands
DRVN
|
+$43.6M |
| 2 |
Caesars Entertainment
CZR
|
+$4.44M |
| 3 |
Rush Street Interactive
RSI
|
+$4.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ryder
R
|
+$68.4M |
| 2 |
COOP
Mr. Cooper
COOP
|
+$53.6M |
| 3 |
Bally's
BALY
|
+$32.8M |
| 4 |
RLJ Lodging Trust
RLJ
|
+$31.8M |
| 5 |
First American
FAF
|
+$28.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 62.27% |
| 2 | Financials | 23.05% |
| 3 | Industrials | 14.41% |
| 4 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
First American
FAF
$7.71B
| $451M | 23.05% |
7,000,000
-500,000
| -7% | -$28.5M |
|
2
PENN Entertainment
PENN
$2.75B
| $377M | 19.28% |
14,500,000
| – | – |
|
|
3
Ryder
R
$9.9B
| $282M | 14.41% |
2,450,000
-650,000
| -21% | -$68.4M |
|
|
4
Caesars Entertainment
CZR
$6.03B
| $239M | 12.22% |
5,100,000
+100,000
| +2% | +$4.44M |
|
|
ODP
5
DELISTED
ODP
ODP
| $169M | 8.63% |
3,000,000
| – | – |
|
6
Boyd Gaming
BYD
$6.47B
| $125M | 6.4% |
2,000,000
-250,000
| -11% | -$14.8M |
|
|
PLYA
7
DELISTED
Playa Hotels & Resorts
PLYA
| $108M | 5.53% |
12,500,000
| – | – |
|
8
United Parks & Resorts
PRKS
$2.15B
| $68.7M | 3.51% |
1,300,000
-200,000
| -13% | -$9.52M |
|
9
American Express Global Business Travel
GBTG
$4.92B
| $50M | 2.55% |
7,750,000
| – | – |
|
|
10
Driven Brands
DRVN
$2.37B
| $49.9M | 2.55% |
+3,500,000
| New | +$43.6M |
|
|
11
Rush Street Interactive
RSI
$2.76B
| $31.4M | 1.61% |
7,000,000
+1,000,000
| +17% | +$4.14M |
|
12
PUT
iShares S&P 100 ETF
OEF
$19.9B
| $5.28M | 0.27% |
2,500,000
+500,000
| +25% | +$105M |
|
|
13
Bally's
BALY
$700M
| – | – |
-2,500,000
| Closed | -$32.8M |
|
|
COOP
14
DELISTED
Mr. Cooper
COOP
| – | – |
-1,000,000
| Closed | -$53.6M |
|
15
PUT
Invesco QQQ Trust
QQQ
$450B
| – | – |
-1,000,000
| Closed | -$358M |
|
|
16
RLJ Lodging Trust
RLJ
$1.87B
| – | – |
-3,250,000
| Closed | -$31.8M |
|
17
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| – | – |
-2,000,000
| Closed | -$855M |
|
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HG Vora Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, HG Vora Capital Management held 17 positions worth $1.96B, down 38% from $3.16B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
HG Vora Capital Management withdrew a net $1.3B in Q4 2023, closing 5 positions and reducing 4 holdings. Its most notable exit was Mr. Cooper, an estimated $53.6M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 62% of assets, up from 35% a quarter earlier, followed by Financials and Industrials.
Against the trend, HG Vora Capital Management opened a new position in Driven Brands worth $49.9M.
- HG Vora Capital Management's largest Q4 2023 buy was Driven Brands: 3,500,000 shares worth $49.9M.
- HG Vora Capital Management added most to Caesars Entertainment in Q4 2023, an estimated $4.44M increase.
- HG Vora Capital Management's biggest Q4 2023 reduction was Ryder, cutting an estimated $68.4M.
- HG Vora Capital Management fully exited Mr. Cooper in Q4 2023, selling an estimated $53.6M.
- HG Vora Capital Management's ten largest holdings make up 98% of its $1.96B portfolio in Q4 2023.
- HG Vora Capital Management opened 1 new position and closed 5 in Q4 2023.
- HG Vora Capital Management's portfolio value fell 38% quarter-over-quarter to $1.96B.
Based on HG Vora Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.