The Reshuffling of HG Vora Capital Management's Q3 2022 vs. Q4 2022 Portfolio

HG Vora Capital Management, LLC is a well-known investment management firm that has been in business since 2009. The company was founded by Parag Vora and Hari Hariharan and is based in New York City. HG Vora Capital Management mainly focuses on value-oriented public equity investments across a wide range of industries, including healthcare, technology, media, and telecommunications.

Recently, HG Vora Capital Management released its Q3 2022 vs. Q4 2022 13F Holdings Comparison, revealing significant changes in the firm's holdings over the last quarter of the year. The report shows that the company has increased its holdings in some companies, while reducing its positions in others.

One of the notable changes in HG Vora Capital Management's holdings is its increased investment in Penn National Gaming Inc (PENN). In Q3 2022, the company held 7.5 million shares of PENN, but in Q4 2022, it increased its position to 10.25 million shares. This represents a significant increase of 47.5% in HG Vora Capital Management's holdings in PENN.

HG Vora Capital Management also increased its holdings in Ryder Sys Inc (R) and The ODP Corp (ODP). These two companies saw a 10.7% and 29.6% increase in the number of shares held by the firm, respectively. However, HG Vora Capital Management reduced its position in Boyd Gaming Corp (BYD), with the company decreasing its holdings by 8.4%.

Additionally, there were some new additions to HG Vora Capital Management's portfolio. Playa Hotels & Resorts NV (PLYA) and Global Business Travel Group (GBTG) were two of the new companies that HG Vora Capital Management invested in during Q4 2022. The company acquired 10 million shares of PLYA, while it invested in 8.2 million shares of GBTG.

On the other hand, HG Vora Capital Management completely divested some companies. Altice USA Inc (ATUS) and Six Flags Entertainment Corp New (SIX) were two of the companies that the firm sold all its shares in. HG Vora Capital Management also sold its put options in Carnival Corp, which were worth 5 million shares.

In conclusion, the Q3 2022 vs. Q4 2022 13F Holdings Comparison by HG Vora Capital Management, LLC reveals significant changes in the company's portfolio. The firm increased its holdings in some companies, invested in new ones, and divested from others. These changes show the company's commitment to staying agile in a constantly evolving investment landscape.