HG Vora Dumps All Six Flags Shares Worth $49.4 Million

2 hours ago 1

Howard Smith, The Motley Fool

Sat, February 21, 2026 astatine 12:10 PM CST 4 min read

According to an SEC filing dated Feb. 17, 2026, HG Vora Capital Management, LLC, sold its full holding of Six Flags Entertainment (NYSE:FUN), a alteration of 2,175,000 shares. The estimated transaction worth is $49.42 million, calculated utilizing the mean stock terms for the quarter. The money held nary shares of Six Flags astatine twelvemonth end.

The money afloat liquidated its Six Flags stake, which antecedently made up 6.7% of AUM successful the anterior quarter.

Top holdings aft the quarter:

NASDAQ: PENN: $92.19 cardinal (34.8% of AUM)
NASDAQ: DRVN: $77.81 cardinal (29.4% of AUM)
NYSE: FAF: $41.47 cardinal (15.7% of AUM)
NYSE: NVRI: $22.40 cardinal (8.5% of AUM)
NYSE: EQH: $19.06 cardinal (7.2% of AUM)

As of Feb. 17, 2026, shares were priced astatine $15.55, down 66.0% implicit the past year, underperforming the S&P 500 by 76.0 percent points.

Metric

Value

Price (as of marketplace adjacent Feb. 17, 2026)	$15.55
Market capitalization	$1.58 billion
Revenue (TTM)	$3.10 billion
Net income (TTM)	($1.60 billion)

Six Flags operates amusement parks, h2o parks, and edifice properties crossed North America, leveraging intelligence spot specified arsenic Looney Tunes, DC Comics, and PEANUTS.
The institution targets families, thrill-seekers, and tourists seeking amusement and leisure experiences successful the U.S., Canada, and Mexico.
It employs astir 5,000 radical and is headquartered successful Charlotte, North Carolina.

Six Flags Entertainment is simply a starring relation of determination taxable parks and resorts, with a diversified footprint spanning 17 states successful the U.S., Canada, and Mexico. The institution leverages a portfolio of well-known intelligence spot to differentiate its attractions and thrust recurring impermanent visits. Its standard and marque partnerships presumption it arsenic a salient subordinate successful the North American leisure and amusement sector.

While Six Flags reported a immense nonaccomplishment for the past year, that did see a $1.5 cardinal non-cash impairment complaint connected goodwill and different intangibles. The institution is inactive struggling, though. HG Vora had been accumulating Six Flags shares implicit the past year, adding 775,000 shares betwixt Q2 and Q3.

Six Flags banal has plunged 60% successful the past 12 months, though, and HG Vora decided to determination on. Six Flags antecedently accounted for 6.7% of the concern manager’s holdings.

Six Flags absorption hasn’t been blessed with its performance, either, and it hasn’t been a apical amusement stock. CEO John Reilly said arsenic overmuch successful the latest net report, admitting 2025 “fell abbreviated of our expectations.” Reilly spoke optimistically astir the future, though.

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