HG Vora Capital Management, LLC
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 96%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Why follow HG Vora Capital Management, LLC right now?
HG Vora Capital Management's Q1 2026 13F-HR discloses $170M across just six positions, with PENN Entertainment consuming 50.2% of reported assets (5,675,000 shares). First American Financial adds a further 24.0%, leaving the remaining four names — United Parks, Driven Brands, Fossil Group, and Optimum Communications — sharing roughly 26% of the portfolio. The concentration is extreme by conventional standards.
Performance data shows consecutive quarterly declines: -6.6% in Q1 2026 and -7.2% in Q4 2025, against SPY returns of +17.6% and +17.7% respectively, producing alpha of -24.2% and -24.9% in those periods. The two prior quarters showed narrower divergence, including a marginal +0.0% alpha in Q2 2025. Past performance is not indicative of future results.
Generated from public SEC filings. Not investment advice.…
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Source: 13F-HRRecent trades · Last 90 days
Convergence · HG Vora Capital Management, LLC
Source data: SEC EDGAR · 13F-HR filings · Performance through 2026-03-31 · Last refreshed 11:08 UTC.