HG Vora Capital Management, LLC Quant / Systematic

CIK: 0001525362 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $264,854 (100.0% shares, 0.0% debt)

Holdings (7)

New Positions (1)

FOSL FOSSIL GROUP INC 3.1%

Value ($000) $8,134 Shares 2,163,349 Est. Cost $2.82 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FOSL	FOSSIL GROUP INC	2,163,349	$8,134	3.1%	$2.82	0.0%	COM	34988V106

Exited Positions (8)

CZR CAESARS ENTERTAINMENT INC NE 35.7%

Value ($000) $94,588 Shares 3,500,000 Est. Cost $39.40 Unrealized -42.9%

R RYDER SYS INC 23.9%

Value ($000) $63,194 Shares 335,000 Est. Cost $78.92 Unrealized +127.7%

FUN SIX FLAGS ENTERTAINMENT CORP 18.7%

Value ($000) $49,416 Shares 2,175,000 Est. Cost $31.03 Unrealized -41.7%

CLVT CLARIVATE PLC 16.1%

Value ($000) $42,609 Shares 11,125,000 Est. Cost $4.70 Unrealized -24.4%

UGI UGI CORP NEW 15.1%

Value ($000) $39,912 Shares 1,200,000 Est. Cost $33.32 Unrealized +6.3%

WSC WILLSCOT HLDGS CORP 12.4%

Value ($000) $32,721 Shares 1,550,000 Est. Cost $31.08 Unrealized -35.1%

PRKS UNITED PARKS & RESORTS INC 8.3%

Value ($000) $21,973 Shares 425,000 Est. Cost $50.58 Unrealized -17.8%

IQV IQVIA HLDGS INC 5.7%

Value ($000) $15,195 Shares 80,000 Est. Cost $150.55 Unrealized +44.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CZR	CAESARS ENTERTAINMENT INC NE	3,500,000	$94,588	35.7%	$39.40	-42.9%	—	12769G100
R	RYDER SYS INC	335,000	$63,194	23.9%	$78.92	+127.7%	—	783549108
FUN	SIX FLAGS ENTERTAINMENT CORP	2,175,000	$49,416	18.7%	$31.03	-41.7%	—	83001C108
CLVT	CLARIVATE PLC	11,125,000	$42,609	16.1%	$4.70	-24.4%	—	G21810109
UGI	UGI CORP NEW	1,200,000	$39,912	15.1%	$33.32	+6.3%	—	902681105
WSC	WILLSCOT HLDGS CORP	1,550,000	$32,721	12.4%	$31.08	-35.1%	—	971378104
PRKS	UNITED PARKS & RESORTS INC	425,000	$21,973	8.3%	$50.58	-17.8%	—	81282V100
IQV	IQVIA HLDGS INC	80,000	$15,195	5.7%	$150.55	+44.5%	—	46266C105

Decreased Positions (6)

PENN PENN ENTERTAINMENT INC 34.8%

Value ($000) $92,188 (-34.0%) Shares 6,250,000 (-13.8%) Est. Cost $32.15 Unrealized -51.5%

FAF FIRST AMERN FINL CORP 15.7%

Value ($000) $41,472 (-37.0%) Shares 675,000 (-34.1%) Est. Cost $53.96 Unrealized +15.5%

EQH EQUITABLE HLDGS INC 7.2%

Value ($000) $19,060 (-53.1%) Shares 400,000 (-50.0%) Est. Cost $52.55 Unrealized -10.1%

DRVN DRIVEN BRANDS HLDGS INC 29.4%

Value ($000) $77,805 (-13.8%) Shares 5,250,000 (-6.3%) Est. Cost $12.89 Unrealized +15.4%

NVRI ENVIRI CORP 8.5%

Value ($000) $22,400 (-35.2%) Shares 1,250,000 (-54.1%) Est. Cost $7.86 Unrealized +89.6%

OPTU OPTIMUM COMMUNICATIONS INC 1.4%

Value ($000) $3,795 (-49.2%) Shares 2,300,000 (-25.8%) Est. Cost $2.70 Unrealized -24.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PENN	PENN ENTERTAINMENT INC	6,250,000 (-13.8%)	$92,188 (-34.0%)	34.8%	$32.15	-51.5%	COM	707569109
FAF	FIRST AMERN FINL CORP	675,000 (-34.1%)	$41,472 (-37.0%)	15.7%	$53.96	+15.5%	COM	31847R102
EQH	EQUITABLE HLDGS INC	400,000 (-50.0%)	$19,060 (-53.1%)	7.2%	$52.55	-10.1%	COM	29452E101
DRVN	DRIVEN BRANDS HLDGS INC	5,250,000 (-6.3%)	$77,805 (-13.8%)	29.4%	$12.89	+15.4%	COM	26210V102
NVRI	ENVIRI CORP	1,250,000 (-54.1%)	$22,400 (-35.2%)	8.5%	$7.86	+89.6%	COM	415864107
OPTU	OPTIMUM COMMUNICATIONS INC	2,300,000 (-25.8%)	$3,795 (-49.2%)	1.4%	$2.70	-24.7%	CL A	02156K103