Hill Path Capital LP's Q4 2022 13F Holdings Report Reveals Significant Changes in Hospitality and Entertainment Investments

As of the fourth quarter of 2022, Hill Path Capital LP's 13F holdings showed some significant changes compared to the previous quarter. The report details the Issuer Name, Option Type, Q3 2022 (SHARES), Q4 2022 (SHARES), Q3 2022 VALUE ($000), Q4 2022 VALUE ($000), and Chg % of each investment.

One of the most striking differences is in their investment in Dave & Buster's Entertainment Inc. The fund increased its holdings from 5,018,004 shares in Q3 2022 to 7,119,255 shares in Q4 2022. This represents a substantial 62% increase in the number of shares held by Hill Path Capital LP in this stock. Additionally, the total value of their investment surged from $155,709,000 to $252,306,000, reflecting an impressive level of confidence in the company and its future prospects.

Another notable change occurred in Hill Path Capital LP's holdings of SeaWorld Entertainment Inc. Although the fund maintained the same number of shares in both quarters, they increased the value of their investment from $1,238,113,000 to $1,455,755,000 in Q4 2022. This rise of 17.6% was likely driven by the company's recent strong earnings report and rising demand for their products amid a post-pandemic recovery.

Hilton Grand Vacations Inc. is another investment that saw an increase in the value of its holdings. Although there were no changes in the number of shares held, the value of the investment rose by 17.2% from $214,111,000 to $250,892,000 between Q3 and Q4 2022. This suggests that Hill Path Capital LP remains confident in the long-term growth potential of this stock.

Similarly, Playa Hotels & Resorts NV also saw a high percentage increase in the value of their investment. Though Hill Path Capital LP maintained the same number of shares, the Q4 2022 value was $15,476,000, a notable 12.2% increase from the $13,793,000 in Q3 2022. This jump indicates that the investors are optimistic about the travel and hospitality industry's recovery in the post-pandemic era.

Blucora Inc. is another company that received marked attention from Hill Path Capital LP. Though the number of shares held remained the same in both quarters, the value of the investment increased significantly from $44,729,000 to $59,044,000 in Q4 2022. This change represents a gain of 32%, demonstrating the investor's confidence in the future performance of the company.

On the other hand, Ruths Hospitality Group Inc. experienced a decline in the value of its holdings. The number of shares remained unchanged, but the investment's value fell by 8.2%, decreasing from $50,092,000 to $45,991,000 in Q4 2022. It's unclear what drove this decrease, but it suggests that Hill Path Capital LP may be reconsidering its investment in the company.

Finally, Golden Entertainment Inc. and Outfront Media Inc. are two other notable investments that saw increases in the value of their holdings by 7.2% and 9.1%, respectively. Although the number of shares held in both companies remained the same, the value of these investments rose significantly in Q4 2022.

Overall, Hill Path Capital LP's Q3 2022 vs. Q4 2022 13F Holdings Comparison underscores the importance of staying up-to-date on investment portfolio changes. It highlights the volatility of the stock market, with some companies thriving while others experience setbacks. However, for Hill Path Capital LP, it appears that their recent investments heavily favor the hospitality and entertainment sectors, signaling their optimism for recovery in these industries. Ultimately, only time can confirm the profitability of their investment decisions.