HG Vora Capital Management, headquartered in New York and founded by Parag Vora, a former senior investment professional at Silver Point Capital, was established in April 2009. The firm pursues profitable risk-adjusted returns through opportunistic investments in corporate equity and debt instruments, employing both long and short positions.
Parag Vora has honed his expertise as a senior investment professional at Silver Point Capital and as a vice president at Goldman Sachs’ Real Estate Investment Banking Division. At Silver Point Capital L.P., he specialized in investing across the capital structure of private and public firms, particularly focusing on distressed situations and credit. During his tenure at Goldman Sachs, Parag Vora played a crucial role in advising real estate and consumer-oriented companies on acquisitions, mergers, and leveraged finance transactions. Parag Vora holds a Juris Doctor cum laude and Master of Business Administration from New York University, along with a Bachelor of Arts degree with Distinction in Honors Economics and Spanish from the University of Michigan.
HG Vora Capital Management is a hedge fund managing discretionary assets totaling $9,243,212,802 as of May 2024, according to their Form ADV. Their Q1 2024 13F filing disclosed $1,744,997,000 in managed 13F securities, with a top 10 holdings concentration of 95.75%. The fund's largest holding is First American Corp, with 6,075,000 shares held.
| Fund Name: | HG Vora Capital Management |
| Manager | Parag Vora |
| Portfolio Value | $1,364,952,500 |
| Change This QTR | +0.89% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | PENN | 14,500,000 | $273,470,000 | 20.03% | |||
| 2. | FAF | 3,800,000 | $250,838,000 | -26% | 18.37% | ||
| 3. | R | 1,650,000 | $240,570,000 | -25% | 17.62% | ||
| 4. | BYD | 3,000,000 | $193,950,000 | -25% | 14.2% | ||
| 5. | DRVN | 7,550,000 | $107,738,500 | +5% | 7.89% |
| Symbol | Company | Filed By | Filing Date | Filing |
|---|---|---|---|---|
| 2024-02-14 | ||||
| 2024-02-14 | ||||
| 2024-02-14 | ||||
| 2024-02-14 | ||||
| 2024-02-14 |
