HG Vora Capital Management LLC's Q2 2022 13F: 2 new positions, 5 exits
Form 13F-HR for the quarter ended Jun 30, 2022 · filed Aug 12, 2022 · 19 reported positions · accession 0001214659-22-010006
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | CAESARS ENTERTAINMENT INC NE (CZR) | 4.1% | 7.8% | +3.7 pts | +3.25M sh | +186% |
| Exited | TIVITY HEALTH INC (TVTY) | 4.7% | — | −4.7 pts | −4.8M sh | −100% |
| New | PENN NATL GAMING INC (PENN) | — | 4.3% | +4.3 pts | +3.5M sh | new |
| Exited | ALLIANCE DATA SYSTEMS CORP (BFH) | 4.2% | — | −4.2 pts | −2.5M sh | −100% |
| Exited | CAMPING WORLD HLDGS INC (CWH) | 3.5% | — | −3.5 pts | −4.2M sh | −100% |
| Increased | RYDER SYS INC (R) | 10.2% | 14.5% | +4.4 pts | +800K sh | +19% |
| Exited | TEGNA INC (TGNA) | 2.2% | — | −2.2 pts | −3.25M sh | −100% |
| New | GLOBAL BUSINESS TRAVEL GROUP (GBTG) | — | 2.1% | +2.1 pts | +8.2M sh | new |
| Increased | BOYD GAMING CORP (BYD) | 7.4% | 9.6% | +2.1 pts | +1M sh | +27% |
| Reduced | DRAFTKINGS INC (DKNGXXXX) | 3.8% | 1.2% | −2.6 pts | −4M sh | −62% |
| Exited | MODIVCARE INC (MODVQ) | 1.7% | — | −1.7 pts | −500K sh | −100% |
| Increased | KOHLS CORP (KSS) | 3.7% | 4.3% | +0.7 pts | +1M sh | +50% |
| Increased | BALLYS CORPORATION (BALY) | 3.2% | 3.6% | +0.4 pts | +1M sh | +29% |
| Increased | MR COOPER GROUP INC (COOP) | 4.5% | 5.1% | +0.7 pts | +200K sh | +6% |
| Reduced | PLAYA HOTELS & RESORTS NV (PLYA) | 1.8% | 1.8% | 0.0 pts | −500K sh | −7% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 84.7% of the equity book
Changes in the top 10 this quarter: KSS entered · PENN entered · TVTY left · BFH left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | FIRST AMERN FINL CORP (FAF) | 21.2% | 23.3% | |
| 2 | RYDER SYS INC (R) | 10.2% | 14.5% | |
| 3 | BOYD GAMING CORP (BYD) | 7.4% | 9.6% | |
| 4 | CAESARS ENTERTAINMENT INC NE (CZR) | 4.1% | 7.8% | |
| 5 | THE ODP CORP (ODP) | 6.9% | 6.1% | |
| 6 | ALTICE USA INC (OPTU) | 5.7% | 5.6% | |
| 7 | MR COOPER GROUP INC (COOP) | 4.5% | 5.1% | |
| 8 | KOHLS CORP (KSS) | 3.7% | 4.3% | Entered the top 10 |
| 9 | PENN NATL GAMING INC (PENN) | 0.0% | 4.3% | Entered the top 10 |
| 10 | SINCLAIR BROADCAST GROUP INC (SBGI) | 4.0% | 3.9% | |
| — | TIVITY HEALTH INC (TVTY) | 4.7% | 0.0% | Left the top 10 |
| — | ALLIANCE DATA SYSTEMS CORP (BFH) | 4.2% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | EXPEDIA GROUP INC (EXPE) | Call | 0 | 650K | $61.6M |
| Exited | ALTICE USA INC (ATUS) | Call | 1.75M | 0 | $0 |
| Exited | CROWDSTRIKE HLDGS INC (CRWD) | Call | 65,000 | 0 | $0 |
| Exited | ZSCALER INC (ZS) | Call | 42,500 | 0 | $0 |
| Exited | SPLUNK INC (SPLK) | Call | 57,500 | 0 | $0 |
| Exited | CLOUDFLARE INC (NET) | Call | 70,000 | 0 | $0 |
| Exited | OKTA INC (OKTA) | Call | 55,000 | 0 | $0 |
| Exited | TENABLE HLDGS INC (TENB) | Call | 37,500 | 0 | $0 |