Hill Path Capital LP

New York, NY · CIK 1676292 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2015 · limited partnership

Assets managed$3.4bn
Staff21 · 15 in investment roles
Main clients (by assets)Private funds 100%
Private funds19 (9 hedge) · $3.4bn gross assets
Websitehillpathcap.com
Form ADV · 2026-03-30SEC adviser record

Legal entityHILL PATH CAPITAL LP (US)

$1.9bn reported value +40.0% vs Q1 2026

7positions

100.0%in top 10

1 new 0 added 0 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change
1	UNITED PARKS & RESORTS INC COM PRKS	PRKS	27,205,306	$1.3bn67.74%	67.74%	Unchanged
2	HILTON GRAND VACATIONS INC COM HGV	HGV	6,509,913	$340.9m17.78%	17.78%	Unchanged
3	PENN ENTERTAINMENT INC COM PENN	PENN	5,759,820	$123.0m6.42%	6.42%	Unchanged
4	DAVE & BUSTERS ENTMT INC COM PLAY	PLAY	7,119,255	$81.2m4.23%	4.23%	Unchanged
5	ACCEL ENTERTAINMENT INC COM CL A1 ACEL	ACEL	2,789,113	$35.2m1.83%	1.83%	Unchanged
6	CARS COM INC COM CARS	CARS	2,481,032	$27.1m1.42%	1.42%	Unchanged
7	VICI PPTYS INC COM VICI	VICI	421,992	$11.2m0.58%	0.58%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
GOLDEN ENTMT INC GDEN	GDEN	467,841	$12.5m467.8k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
UNITED PARKS & RESORTS INC PRKS · 13D · filed 2026-08-11	PRKS	60.2%≈ $1.3bn	+2.3 pts	13D	2026-08-11
DAVE & BUSTERS ENTMT INC PLAY · 13D · filed 2025-04-09	PLAY	20.6%≈ $81.2m	+2.1 pts	13D	2025-04-09