HG Vora Capital’s Returns, AUM and Holdings

Other new companies in HG Vora Capital’s portfolio include MGM Resorts International (MGM), Horton D R Inc (DHI), and Carnival Corp (CCL). The biggest new investment was in a global hospitality company, MGM Resorts International (MGM), with the fund buying 5.2 million shares, worth around $151 million. Among the hedge funds from Insider Monkey’s database there was 51 investor bullish on this stock at the end of the second quarter 2018, which is down by 4 from the previous quarter. Collectively those investors hold 16.30% of the company’s outstanding shares. HG Vora Capital’s largest old investment is still in LaSalle Hotel Properties (LHO) with the fund raising its stake by 25% and currently owning $342.3 million worth of LaSalle Hotel Properties’ shares. This stock has seen a noticeable increase in the number of bullish investors from our database, with 35 currently owning shares, compared to only 10 in the previous quarter.

Some of the companies HG Vora Capital said goodbye to in the second quarter include Ddr Corp (DDR), Spirit Realty Capital Inc. (SRC), Penn National Gaming Inc (PENN), and Forest City Realty Trust Inc. (FCEA) to name a few. The largest stake HG Vora Capital decided to sell was in Ddr Corp (DDR) worth around $91.6 million counting 12.5 million shares. Also, the fund significantly lowered its stake in Gaming and Leisure Properties, Inc. (GLPI), now owning $12.5 million worth of shares, while previously it held shares worth of around $70.3 million.