Hill Path Capital LP

CIK 1676292 · View on SEC EDGAR ↗

Portfolio value
$1.9B
#1,559 of 9,443 by 13F value · top 16.5%
Positions
7
As of
June 30, 2026

Portfolio value QoQ: +40.0% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
6
Effective number of positions
2.0

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.68% Est. buys $11,203,888 · sells $12,486,676

Median holding: 5.0 quarters Tracked Q4 2024–Q2 2026 · 70.0% still held

New positions
1
Increased
0
Decreased
0
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
-10.9%
S&P 500 total return (same window)
+28.1%
Excess return
-38.9%

Annualized: -7.4% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 99.8% · Options excluded: 0.0%

Sector breakdown

Consumer Discretionary
98.0%
Communication Services
1.4%
Real Estate
0.6%

Full portfolio 7 positions

Type Streak 8Q trend
PRKS United Parks & Resorts Inc. Common Stock $1,298,781,308 67.74% 27,205,306 $410,256,014
HGV Hilton Grand Vacations Inc. Common Stock $340,924,144 17.78% 6,509,913 $86,256,347
PENN PENN Entertainment, Inc. - Common Stock $123,029,755 6.42% 5,759,820 $36,459,660
PLAY Dave & Buster's Entertainment, Inc. - Common Stock $81,159,507 4.23% 7,119,255 $4,057,975
ACEL Accel Entertainment, Inc. $35,170,715 1.83% 2,789,113 $4,741,492
CARS Cars.com Inc. Common Stock $27,142,490 1.42% 2,481,032 $6,996,510
VICI VICI Properties Inc. Common Stock $11,203,888 0.58% 421,992 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
VICI $11,203,888 421,992 0.58%

Top movers (QoQ)

Security Action Shares Δ Value Δ
PRKS Price move only +0 +$410.3M
HGV Price move only +0 +$86.3M
PENN Price move only +0 +$36.5M
CARS Price move only +0 +$7.0M
ACEL Price move only +0 +$4.7M
PLAY Price move only +0 +$4.1M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
CALY Dec. 31, 2025 4,685,985 $44,516,858 40.1%
GDEN June 30, 2026 467,841 $12,486,676 No longer tracked
PLYA March 31, 2025 555,000 $7,020,750 No longer tracked