Hill Path Capital L.P. 13F annual report

Hill Path Capital L.P. is an investment fund managing more than $2.33 trillion ran by Scott Ross. There are currently 5 companies in Mr. Ross’s portfolio. The largest investments include United Parks & Resorts and Dave & Busters Entmt Inc, together worth $1.97 trillion.

$2.33 trillion Assets Under Management (AUM)

As of 8th May 2024, Hill Path Capital L.P.’s top holding is 27,205,306 shares of United Parks & Resorts currently worth over $1.53 trillion and making up 65.5% of the portfolio value. Relative to the number of outstanding shares of United Parks & Resorts, Hill Path Capital L.P. owns more than 0.4% of the company. In addition, the fund holds 7,119,255 shares of Dave & Busters Entmt Inc worth $446 billion. The third-largest holding is Hilton Grand Vacations Inc worth $307 billion and the next is Golden Entmt Inc worth $39.4 billion, with 1,069,376 shares owned.

Currently, Hill Path Capital L.P.'s portfolio is worth at least $2.33 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Hill Path Capital L.P.

The Hill Path Capital L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Scott Ross serves as the Managing Partner at Hill Path Capital L.P..

Recent trades

There are companies that Hill Path Capital L.P. is getting rid of from its portfolio. Hill Path Capital L.P. closed its position in Blucora Inc on 15th May 2024. It sold the previously owned 2,312,749 shares for $59 billion. Scott Ross also disclosed a decreased stake in Playa Hotels & Resorts Nv by 0.4%. This leaves the value of the investment at $12.7 billion and 1,308,000 shares.

One of the largest hedge funds

The two most similar investment funds to Hill Path Capital L.P. are Itau Unibanco S.A. and Logan Capital Management Inc. They manage $2.33 trillion and $2.34 trillion respectively.

Scott Ross investment strategy

Hill Path Capital L.P.’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 78.7% of the total portfolio value. The fund focuses on investments in the United States as 40.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $4.46 billion.

The complete list of Hill Path Capital L.P. trades based on 13F SEC filings

These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
United Parks & Resorts Inc.	No change 27,205,306	$1,529,210,250,000	65.51%
Dave & Busters Entmt Inc	No change 7,119,255	$445,665,363,000	19.09%
Hilton Grand Vacations Inc	No change 6,509,913	$307,332,993,000	13.17%
Blucora Inc	Closed 2,312,749	$59,044,482,000
Ruths Hospitality Group Inc	Closed 2,971,050	$45,991,854,000
Golden Entmt Inc	No change 1,069,376	$39,385,118,000	1.69%
Playa Hotels & Resorts Nv	44.81% 1,308,000	$12,687,600,000	0.54%
Outfront Media Inc	Closed 708,332	$11,744,145,000
No transactions found
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