Hill Path Capital LP Long-Term Concentrated

CIK: 0001676292 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,554,045 (100.0% shares, 0.0% debt)

Holdings (7)

Exited Positions (1)

CALY TOPGOLF CALLAWAY BRANDS CORP 2.9%

Value ($000) $44,517 Shares 4,685,985 Est. Cost $6.88 Unrealized +53.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CALY	TOPGOLF CALLAWAY BRANDS CORP	4,685,985	$44,517	2.9%	$6.88	+53.3%	—	131193104

Decreased Positions (1)

GDEN GOLDEN ENTMT INC 0.8%

Value ($000) $12,721 (-17.7%) Shares 467,841 (-28.6%) Est. Cost $25.11 Unrealized +2.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GDEN	GOLDEN ENTMT INC	467,841 (-28.6%)	$12,721 (-17.7%)	0.8%	$25.11	+2.3%	COM	381013101

Unchanged Positions (6)

PRKS UNITED PARKS & RESORTS INC 63.5%

Value ($000) $987,553 Shares 27,205,306 Est. Cost $21.80 Unrealized +90.6%

PENN PENN ENTERTAINMENT INC 5.5%

Value ($000) $84,957 Shares 5,759,820 Est. Cost $16.89 Unrealized -7.6%

HGV HILTON GRAND VACATIONS INC 18.7%

Value ($000) $291,319 Shares 6,509,913 Est. Cost $42.67 Unrealized -0.4%

PLAY DAVE & BUSTERS ENTMT INC 7.4%

Value ($000) $115,403 Shares 7,119,255 Est. Cost $32.47 Unrealized -48.5%

ACEL ACCEL ENTERTAINMENT INC 2.0%

Value ($000) $31,824 Shares 2,789,113 Est. Cost $11.15 Unrealized -5.6%

CARS CARS COM INC 1.9%

Value ($000) $30,269 Shares 2,481,032 Est. Cost $11.36 Unrealized +2.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PRKS	UNITED PARKS & RESORTS INC	27,205,306	$987,553	63.5%	$21.80	+90.6%	COM	81282V100
PENN	PENN ENTERTAINMENT INC	5,759,820	$84,957	5.5%	$16.89	-7.6%	COM	707569109
HGV	HILTON GRAND VACATIONS INC	6,509,913	$291,319	18.7%	$42.67	-0.4%	COM	43283X105
PLAY	DAVE & BUSTERS ENTMT INC	7,119,255	$115,403	7.4%	$32.47	-48.5%	COM	238337109
ACEL	ACCEL ENTERTAINMENT INC	2,789,113	$31,824	2.0%	$11.15	-5.6%	COM CL A1	00436Q106
CARS	CARS COM INC	2,481,032	$30,269	1.9%	$11.36	+2.4%	COM	14575E105