You're signed outSign in or to get full access.
Hill Path Capital LP
Hill Path Capital LP is a New York-based private investment firm founded in 2014 by Scott Ross. The firm primarily manages discretionary assets and is known for its concentrated, long-term, value-oriented investments in the leisure, lodging, and real estate sectors. Hill Path employs an active and hands-on approach in portfolio company governance and strategic direction. Hill Path Capital is managed by a small, specialized team, and serves institutional and qualified investors.
Investment Strategy
Hill Path Capital employs a value-oriented, long-term investment strategy focused primarily on the leisure, lodging, and real estate sectors. The firm is highly concentrated, seeking significant influence or control positions where it can play an active role in shaping strategy and governance of portfolio companies. Its investment philosophy centers around deep sector expertise, hands-on operational involvement, and a flexible approach to structuring deals across debt and equity in both public and private markets.
Latest 13F Filing Activity
Hill Path Capital LP filed their most recent 13F report on Jun 30, 2025 disclosing 8 equity positions with a total 13F market value of $2B. The fund increased holdings in Dave & Busters Entmt Inc., Penn Entertainment Inc., United Parks & Resorts Inc. among other positions. Hill Path Capital LP reduced exposure to Golden Entmt Inc., Cars Com Inc., Hilton Grand Vacations Inc. among others.
Top Holdings
Equity Positions (8)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PRKS | UNITED PARKS & RESORTS INC | 66.00% | $1.28B | 27,205,306 | $23.58 | $47.15 | +$46.0M |
H HGV | HILTON GRAND VACATIONS INC | 13.91% | $270.4M | 6,509,913 | $38.16 | $41.53 | +$26.8M |
P PLAY | DAVE & BUSTERS ENTMT INC | 11.02% | $214.1M | 7,119,255 | $31.06 | $30.08 | +$89.1M |
P PENN | PENN ENTERTAINMENT INC | 3.22% | $62.6M | 3,502,820 | $17.87 | $17.87 | +$62.6M |
M MODG | TOPGOLF CALLAWAY BRANDS CORP | 1.94% | $37.7M | 4,685,985 | $8.05 | $8.05 | +$37.7M |
Industry Allocation
Investment Team (10)
| Name | Role | Location | |
|---|---|---|---|
 | Vice President | New York, NY , United States | |
C Charles Parrino | Vice President | New York, NY , United States | |
 | Managing Director | CA , United States | |
 | Partner | New York, NY , United States | |
D David A | Private Equity Fall Analyst | United States | |
 | Investment Analyst | New York, NY , United States | |
 | Analyst | New York, NY , United States | |
N Nikhil Vicas | Summer Analyst | Coppell, TX , United States | |
 | Analyst | Chappaqua, NY , United States | |
Z Zach Boies | Investment Analyst | United States |
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more