HG Vora Capital Management, LLC — 13F Holdings & Portfolio
CIK 1525362 · latest 13F-HR filed 2026-08-14
HG Vora Capital Management, LLC manages $196.8M in 13F-reported U.S. long-equity assets across 5 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are PENN (58.59%), FAF (23.52%), UGI (12.60%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions and exited 2; 3 existing positions rose in reported value and 1 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 100%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 31, 2026.
NEW YORK, NY 10017
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| GARTHE, PHILIP, MARVIN Control | CHIEF OPERATING OFFICER since Jun 2009 | Less than 5% | Individual |
| GARTHE, PHILIP, MARVIN Control | CHIEF COMPLIANCE OFFICER since Aug 2025 | Less than 5% | Individual |
| HG VORA MANAGEMENT, LP Control | SOLE MEMBER since Apr 2017 | 75% or more | Domestic Entity |
| LAM, MANDY Control | GENERAL COUNSEL since Dec 2014 | Less than 5% | Individual |
| LEE, MICHAEL Control | CHIEF FINANCIAL OFFICER since Jun 2010 | Less than 5% | Individual |
| VORA, PARAG, M. Control Indirect owner via HG VORA MANAGEMENT, LP | LIMITED PARTNER since Apr 2017 | 75% or more | Individual |
| VORA, PARAG, M. Control Indirect owner via HG VORA MANAGEMENT (GP), LLC | MANAGING MEMBER since Apr 2017 | General partner, trustee or manager | Individual |
| HG VORA MANAGEMENT (GP), LLC Indirect owner via HG VORA MANAGEMENT, LP | GENERAL PARTNER since Apr 2017 | General partner, trustee or manager | Domestic Entity |
Ownership & leadership changes · 8 filings with changes since Feb 21, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedMCLEAN, CHRISTOPHER · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jun 2017
- ChangedGARTHE, PHILIP, MARVIN · title CHIEF OPERATING OFFICER → CHIEF COMPLIANCE OFFICER / CHIEF OPERATING OFFICER
- AddedVORA, PARAG, M. · MANAGING MEMBER · General partner, trustee or manager · indirect via HG VORA MANAGEMENT (GP), LLC · control person
- ChangedMCLEAN, CHRISTOPHER · now a control person
- No longer listedVORA, PARAG, M. · MANAGING MEMBER · 75% or more · control person · listed since Apr 2009
- AddedHG VORA MANAGEMENT (GP), LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via HG VORA MANAGEMENT, LP
- AddedHG VORA MANAGEMENT, LP · SOLE MEMBER · 75% or more · control person
- AddedLAM, MANDY · GENERAL COUNSEL · Less than 5% · control person
- AddedMCLEAN, CHRISTOPHER · CHIEF COMPLIANCE OFFICER · Less than 5%
- AddedVORA, PARAG, M. · LIMITED PARTNER · 75% or more · indirect via HG VORA MANAGEMENT, LP · control person
- ChangedGARTHE, PHILIP, MARVIN · title CHIEF COMPLIANCE OFFICER → CHIEF OPERATING OFFICER
- No longer listedKGT INVESTMENTS LLC · PARTNER (KGT/PLH CAPITAL, LP) · 25–50% · indirect via KGT/PLH CAPITAL, LP · control person · listed since Apr 2009
- No longer listedKGT INVESTMENTS LLC · MEMBER (KGT/PLH CAPITAL GP, LLC) · 50–75% · indirect via KGT/PLH CAPITAL GP, LLC · control person · listed since Apr 2009
- No longer listedKGT/PLH CAPITAL GP, LLC · GENERAL PARTNER (KGT/PLH CAPITAL, LP) · General partner, trustee or manager · indirect via KGT/PLH CAPITAL, LP · control person · listed since Apr 2009
- No longer listedKGT/PLH CAPITAL, LP · MEMBER · 25–50% · control person · listed since Apr 2009
- No longer listedKHIMJI GENERATIONAL TRUST · MEMBER (KGT INVESTMENTS, LLC) · 75% or more · indirect via KGT INVESTMENTS, LLC · control person · listed since Apr 2009
- No longer listedLOHMEYER, FRED · TRUSTEE (ST GILES TRUST) · General partner, trustee or manager · indirect via KGT/PLH CAPITAL GP, LLC · control person · listed since Apr 2009
- No longer listedST GILES TRUST · MEMBER (KGT/PLH CAPITAL GP, LLC) · 50–75% · indirect via KGT/PLH CAPITAL GP, LLC · control person · listed since Apr 2009
- No longer listedST. GILES TRUST · PARTNER (KGT/PLH CAPITAL, LP) · 25–50% · indirect via KGT/PLH CAPITAL, LP · control person · listed since Apr 2009
- ChangedVORA, PARAG, M. · ownership 50–75% → 75% or more
- AddedKGT INVESTMENTS LLC · PARTNER (KGT/PLH CAPITAL, LP) · 25–50% · indirect via KGT/PLH CAPITAL, LP · control person
- AddedKGT INVESTMENTS LLC · MEMBER (KGT/PLH CAPITAL GP, LLC) · 50–75% · indirect via KGT/PLH CAPITAL GP, LLC · control person
- AddedKGT/PLH CAPITAL GP, LLC · GENERAL PARTNER (KGT/PLH CAPITAL, LP) · General partner, trustee or manager · indirect via KGT/PLH CAPITAL, LP · control person
- AddedKHIMJI GENERATIONAL TRUST · MEMBER (KGT INVESTMENTS, LLC) · 75% or more · indirect via KGT INVESTMENTS, LLC · control person
- AddedLOHMEYER, FRED · TRUSTEE (ST GILES TRUST) · General partner, trustee or manager · indirect via KGT/PLH CAPITAL GP, LLC · control person
- AddedST GILES TRUST · MEMBER (KGT/PLH CAPITAL GP, LLC) · 50–75% · indirect via KGT/PLH CAPITAL GP, LLC · control person
- AddedST. GILES TRUST · PARTNER (KGT/PLH CAPITAL, LP) · 25–50% · indirect via KGT/PLH CAPITAL, LP · control person
- No longer listedMOROSS, GARY, EVAN · MEMBER · 10–25% · control person · listed since Jan 2012
- ChangedVORA, PARAG, M. · ownership 25–50% → 50–75%
- ListedGARTHE, PHILIP, MARVIN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedKGT/PLH CAPITAL, LP · MEMBER · 25–50% · control person
- ListedLEE, MICHAEL · CHIEF FINANCIAL OFFICER · Less than 5% · control person
- ListedMOROSS, GARY, EVAN · MEMBER · 10–25% · control person
- ListedVORA, PARAG, M. · MANAGING MEMBER · 25–50% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- PENN ENTERTAINMENT INC$30.0M +35.2%
- FIRST AMERN FINL CORP$5.6M +13.8%
- UGI CORP NEW$3.9M +18.6%
HG Vora Capital Management, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | PENN ENTERTAINMENT INC | PENN | 707569109 | $115.3M | 58.59% | 5,398,590 | SH |
| 2 | FIRST AMERN FINL CORP | FAF | 31847R102 | $46.3M | 23.52% | 675,000 | SH |
| 3 | UGI CORP NEW | UGI | 902681AB1 | $24.8M | 12.60% | 18,380,000 | PRN |
| 4 | FOSSIL GROUP INC | FOSL | 34988V106 | $9.0M | 4.55% | 2,163,349 | SH |
| 5 | OPTIMUM COMMUNICATIONS INC | OPTU | 02156K103 | $1.5M | 0.74% | 1,001,744 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $196.8M | 5 | 0001214659-26-010409 |
| 2026-03-31 | 2026-05-15 | $190.8M | 7 | 0001214659-26-006482 |
| 2025-12-31 | 2026-02-17 | $264.9M | 7 | 0001214659-26-002005 |
| 2025-09-30 | 2025-11-14 | $738.0M | 14 | 0001214659-25-016722 |
21ST FLOOR
NEW YORK, NY 10017