Hill Path Capital LP is an SEC-registered investment adviser based in New York, NY that reports managing 9 hedge funds on Form ADV. It reports $3.4 billion in regulatory assets under management. Its private funds, of all types, hold $3.4 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated +23.5% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated -12.3% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $3.4 billionForm ADV Item 5.F
- Gross assets of private funds
- $3.4 billionAll private fund types, Form ADV
- Hedge funds managed
- 919 private funds in total
- Employees
- 21Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 281794
- Latest Form ADV
- 03/30/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +40.1% | +14.8% |
| Q1 2026 | -11.8% | -4.6% |
| Q4 2025 | -20.9% | +2.4% |
| Q3 2025 | +2.4% | +7.8% |
| Q2 2025 | +10.1% | +10.4% |
| Q1 2025 | -19.2% | -4.5% |
| Q4 2024 | +7.2% | +2.1% |
| Q3 2024 | -8.2% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- United Parks & Resorts Inc$1.3 billion
- Hilton Grand Vacations Inc Com$340.9 million
- Penn Entertainment Inc$123.0 million
- Dave & Busters Entmt Inc$81.2 million
- Accel Entertainment Inc$35.2 million
- Cars Com Inc$27.1 million
- Vici Pptys Inc$11.2 million
As of 2026-06-30, from 13F filing by Hill Path Capital LP.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures