Boardroom Alpha
Activist profile

HG Vora Capital Management

Campaigns
6
Proxy fights
1
Settlements
5
Directors placed
10
Style
Deal-maker

Founded in 2009 by Parag Vora, HG Vora Capital Management is a New York-based investment firm that specializes in event-driven and value-oriented strategies. The firm is known for its rigorous fundamental analysis and opportunistic approach, investing across the capital structure in both public and private markets. Under the leadership of Parag Vora, who serves as the Chief Investment Officer, the firm focuses on uncovering alpha within complex situations, including performing credit, distressed special situations, and mispriced equities. The firm’s investment philosophy centers on deep industry expertise, particularly within the real estate, gaming, leisure, and travel sectors. HG Vora frequently engages in constructive partnerships with management teams and stakeholders to unlock value through catalysts such as restructurings or operational improvements. With a senior leadership team that has worked together for over a decade, the firm maintains a collaborative, debate-driven culture aimed at delivering attractive risk-adjusted returns for its institutional client base.

Recent activity

Notable Campaigns

YearTickerTargetType
2026PENNPenn Entertainment IncCooperation agreement
2025PENNPenn Entertainment IncProxy fight
2022ODPOdp CorpCooperation agreement
2021ODPOdp CorpCooperation agreement
2021ODPOdp CorpCooperation agreement
2020TVTYTivity Health IncCooperation agreement

Full campaign history, dissident slates, per-nominee seat outcomes, and filings timelines inside the platform →

Current positions

Top Holdings

Q ending Mar 31, 2026
TickerCompany% of floatPosition value
PENNPenn Entertainment Inc
4.24%
$85M
FOSLFossil Group Inc
3.66%
$9M
PRKSUnited Parks & Resorts Inc
1.27%
$20M
FAFFirst American Financial Corp
0.67%
$41M
OPTUOptimum Communications Inc
0.48%
$3M

Full portfolio, position changes by quarter, and overlap with HG’s likely next targets inside the platform →

Last 12 months

Recent SEC Filings

Proxy contest
Portfolio (13F)
Voting (N-PX)

Full filings history with parsed positions, voting records, and dissident-proxy timelines inside the platform →

View all filings on SEC EDGAR ↗
Inside Boardroom Alpha

The full HG Vora Capital Management profile

  • Daily-rescored target prediction from the activist's current 13F overlap
  • Full detail on every activist board nominee and the election or settlement result
  • Per-campaign effectiveness scoring across vote outcomes and concessions
  • Composite influence, vote-strength, and negotiating-leverage scoring
  • Preferred legal counsel, proxy solicitor, and IR/PR provider history