HG Vora Capital Management, LLC
HG Vora Capital Management, LLC is an SEC-registered investment adviser based in New York City. Founded in 2009, the firm specializes in event-driven and value-oriented investment strategies, focusing on actively traded debt and equity securities on both a long and short basis. HG Vora is known for serving institutional investors, leveraging deep industry expertise to analyze complex situations, and generally employs 33-36 employees.
Investment Strategy
HG Vora Capital Management invests in sub-investment grade corporate debt, such as leveraged loans and high yield bonds, along with value-oriented equities that may benefit from potential catalysts. The firm utilizes rigorous fundamental analysis and collaborates with management teams and other stakeholders to identify mispriced investment opportunities, aiming for attractive risk-adjusted returns for institutional investors, especially in sectors like real estate, leisure, travel, hospitality, gaming, and media.
Top Holdings
Equity Positions (15)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PENN | PENN ENTERTAINMENT INC | 14.27% | $129.6M | 7,250,000 | $29.06 | $17.87 | +$11.3M |
R R | RYDER SYS INC | 11.12% | $101.0M | 635,000 | $79.93 | $159.00 | -$15.5M |
D DRVN | DRIVEN BRANDS HLDGS INC | 11.02% | $100.1M | 5,700,000 | $14.24 | $17.56 | -$7.0M |
C CZR | CAESARS ENTERTAINMENT INC NE | 10.94% | $99.4M | 3,500,000 | $32.07 | $28.39 | +$1.9M |
F FAF | FIRST AMERN FINL CORP | 9.47% | $85.9M | 1,400,000 | $63.48 | $61.39 | -$56.8M |