Q4 2025 · 13F-HR
Hill Path Capital LPholdings as filed
Filed 2026-02-17 · accession 0000921895-26-000465
$1.55B
Reported value
7
Positions
2025-12-31
Period end
The Brief · Hill Path Capital LP · Q4 2025
AI · grounded in 13F
Hill Path Capital LP closed its entire position in Topgolf Callaway Brands Corp CALY, exiting the holding for $44.5M. The fund also trimmed its stake in Golden Entmt Inc GDEN by 28.6%. These were the only changes to a portfolio that now consists of 7 positions with total AUM of $1.55B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 81282V100 | PRKS | UNITED PARKS & RESORTS INC | $987.6M | 63.5% | 27,205,306 | Common | SOLE |
| 43283X105 | HGV | HILTON GRAND VACATIONS INC | $291.3M | 18.7% | 6,509,913 | Common | SOLE |
| 238337109 | PLAY | DAVE & BUSTERS ENTMT INC | $115.4M | 7.43% | 7,119,255 | Common | SOLE |
| 707569109 | PENN | PENN ENTERTAINMENT INC | $85.0M | 5.47% | 5,759,820 | Common | SOLE |
| 00436Q106 | ACEL | ACCEL ENTERTAINMENT INC | $31.8M | 2.05% | 2,789,113 | Common | SOLE |
| 14575E105 | CARS | CARS COM INC | $30.3M | 1.95% | 2,481,032 | Common | SOLE |
| 381013101 | GDEN | GOLDEN ENTMT INC | $12.7M | 0.82% | 467,841 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.