{ "crd_number": 161788, "slug": "hg-vora-capital-management-llc-new-york-ny-161788", "primary_business_name": "HG VORA CAPITAL MANAGEMENT, LLC", "legal_name": "HG VORA CAPITAL MANAGEMENT, LLC", "dbas": [ "DOWNRIVER (GP) LLC - SERIES B", "DOWNRIVER (GP) LLC - SERIES C", "DOWNRIVER (GP) LLC - SERIES D", "HG VORA (GP) LLC", "HG VORA OPPORTUNISTIC CAPITAL (GP) II LLC", "HG VORA OPPORTUNISTIC CAPITAL (GP) LLC", "HGV OCF (CAYMAN) SLP III LTD.", "HGV OCF SLP III LLC", "MADISON CO-INVESTMENT (GP) SERIES LLC - SERIES 1" ], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-03-29", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 5872580973.0, "raum_discretionary": 5870758239.0, "raum_non_discretionary": 1822734.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 40, "advisory_employees": 14, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 5872580973.0, "count": 30 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 3, "states_registered": [ "NY" ], "websites": [ "https://hgvora.com", "https://hgvoracapital.com", "https://instagram.com/HGVoraCapitalMGMT", "https://instagram.com/HG_Vora", "https://instagram.com/hgvoracapital", "https://linkedin.com/company/hg-vora-capital-management" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/161788", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" } ], "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/hg-vora-capital-management-llc-new-york-ny-161788", "display_name": "HG Vora Capital Management, LLC", "summary": "HG Vora Capital Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. HG Vora Capital Management, LLC (CRD 161788): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is HG Vora Capital Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), HG Vora Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is HG Vora Capital Management, LLC located?", "a": "HG Vora Capital Management, LLC's principal office is in New York, NY, according to its Form ADV." }, { "q": "Is HG Vora Capital Management, LLC registered with the SEC or a state?", "a": "HG Vora Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161788." }, { "q": "How much does HG Vora Capital Management, LLC manage?", "a": "HG Vora Capital Management, LLC reports $5,872,580,973 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have HG Vora Capital Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for HG Vora Capital Management, LLC: Regulatory assets under management: $9,658,651,496 in the October 2021 data and $5,872,580,973 in the October 2026 data, down 39%. Total employees: 33 in October 2021 and 40 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does HG Vora Capital Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (30)." }, { "q": "Does HG Vora Capital Management, LLC report any disciplinary disclosures?", "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/161788" }, { "q": "What changed in HG Vora Capital Management, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Added the business name HGV OCF (Cayman) SLP III Ltd.. Added the business name Downriver (GP) LLC - Series D. Regulatory assets under management went from $7,551,518,290 to $5,872,580,973 (-22%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 9658651496.0, "total_employees": 33, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 10690750143.0, "total_employees": 37, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 10030032750.0, "total_employees": 38, "filing_date": "2023-04-18" }, { "period": "2024-10-01", "regulatory_assets_under_management": 9254164306.0, "total_employees": 40, "filing_date": "2024-05-02" }, { "period": "2025-10-01", "regulatory_assets_under_management": 7551518290.0, "total_employees": 39, "filing_date": "2025-04-23" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5872580973.0, "total_employees": 40, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Added the business name HGV OCF (Cayman) SLP III Ltd..", "Added the business name Downriver (GP) LLC - Series D.", "Regulatory assets under management went from $7,551,518,290 to $5,872,580,973 (-22%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/hg-vora-capital-management-llc-new-york-ny-161788.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 30, "fewer_than_5": false, "raum": 5872580973.0 } ], "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/161788", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }