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HG Vora Capital Management, LLC

CIK:0001525362
Hedge Fund
$0 AUM
16 holdings
New York, NY, United States
Founded:2009
34 employees
Latest filing:Jun 30, 2025

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.

Latest 13F Filing Activity

HG Vora Capital Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 15 equity positions with a total 13F market value of $908M. The fund increased holdings in Six Flags Entertainment Corp., Granite Constr Inc., Iqvia HLDGS Inc. among other positions. HG Vora Capital Management, LLC reduced exposure to First Amern Finl Corp., Boyd Gaming Corp., MGM Resorts International among others.

Top Buys
F
FUNSIX FLAGS ENTERTAINMENT CORP
+$42.6M
G
GVAGRANITE CONSTR INC
+$23.4M
I
IQVIQVIA HLDGS INC
+$18.9M
P
PRKSUNITED PARKS & RESORTS INC
+$11.8M
P
PENNPENN ENTERTAINMENT INC
+$11.3M
Top Sells
F
FAFFIRST AMERN FINL CORP
-$56.8M
B
BYDBOYD GAMING CORP
-$49.8M
M
MGMMGM RESORTS INTERNATIONAL
-$37.3M
R
RRYDER SYS INC
-$15.5M
W
WSCWILLSCOT HLDGS CORP
-$11.5M

Top Holdings

P
PENNPENN ENTERTAINMENT INC
+14.3%$129.6M
R
RRYDER SYS INC
+11.1%$101.0M
D
DRVNDRIVEN BRANDS HLDGS INC
+11.0%$100.1M
C
CZRCAESARS ENTERTAINMENT INC NE
+10.9%$99.4M
F
FAFFIRST AMERN FINL CORP
+9.5%$85.9M

Equity Positions (15)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
PENN ENTERTAINMENT INC14.27%$129.6M7,250,000$29.06$17.87+$11.3M
R
R
RYDER SYS INC11.12%$101.0M635,000$79.93$159.00-$15.5M
DRIVEN BRANDS HLDGS INC11.02%$100.1M5,700,000$14.24$17.56-$7.0M
CAESARS ENTERTAINMENT INC NE10.94%$99.4M3,500,000$32.07$28.39+$1.9M
FIRST AMERN FINL CORP9.47%$85.9M1,400,000$63.48$61.39-$56.8M

Industry Allocation

HOTELS & MOTELS
+31.7%
SERVICES-AUTOMOTIVE REPAIR, SERVICES & PARKING
+12.2%
SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
+9.7%
TITLE INSURANCE
+8.9%
SERVICES-AUTO RENTAL & LEASING (NO DRIVERS)
+8.6%