Hill Path Capital LP

CIK 0001676292 · Q2 2026

13F Equity AUM

$1.9B

+40.0% QoQ

Positions

0 QoQ

AUM Rank

#2,387

Top 19%

Skill Alpha (FF)

+1.5%/yr^ns

No Clear Edge

Rank #1,357 · Top 17%

vs S&P -8.9%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 98.0%Top 10: 100.0%Top 20: 100.0%

PRKS67.7%

HGV17.8%

PENN6.4%

PLAY4.2%

ACEL1.8%

CARS1.4%

VICI0.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical95.2%

Communication Services4.2%

Other0.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 7Median: 4.23%Avg: 14.29%

0–0.5%

0(0.0%)

0.5–1%

1(0.6%)

1–3%

2(3.3%)

3–5%

1(4.2%)

5%+

3(91.9%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 7vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New1Increased0Decreased0Exited1

New Positions

VICI0.6%

+422K

Exited

GDEN

-467,841

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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