Managers / Q1 2023 · view latest →
PERRY CREEK CAPITAL LP
CIK 0001769704 · 150 EAST 58TH STREET, FL 17, NEW YORK, NY, 10155 · 212-356-6051
Summary
Perry Creek Capital LP reported $318M in U.S.-listed holdings across 16 positions for Q1 2023.
The portfolio is heavily concentrated: PFGC alone accounts for 23.1% of reported value.
The book was largely unchanged from Q4 2022.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 65.6% · $209M
- Other · 22.4% · $71M
- REIT · 10.5% · $34M
- PUBLIC · 0.8% · $3M
- ADR · 0.4% · $1M
- Other · 0.3% · $905,000
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SABRSABRE CORP | TRIMMED | −4.75M | 2.74M | −$35M | $12M |
| GOOGLALPHABET INC | HELD | +0 | 438.9K | +$7M | $46M |
| FAFFIRST AMERN FINL CORP | HELD | +0 | 1.13M | +$4M | $63M |
| PFGCPERFORMANCE FOOD GROUP CO | HELD | +0 | 1.22M | +$2M | $74M |
| OUTFRONT MEDIA INC | HELD | +0 | 4.39M | −$2M | $71M |
| PKPARK HOTELS & RESORTS INC | HELD | +0 | 2.58M | +$1M | $32M |
| AMTBAMERANT BANCORP INC | HELD | +0 | 259.1K | −$1M | $6M |
| SABRE CORP | HELD | +0 | 40.0K | −$858,800 | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PFGCPERFORMANCE FOOD GROUP COhistory → | COM | 23.13% | $74M | 1.22M |
| 2 | OUTFRONT MEDIA INC | COM | 22.35% | $71M | 4.39M |
| 3 | FAFFIRST AMERN FINL CORPhistory → | COM | 19.76% | $63M | 1.13M |
| 4 | GOOGLALPHABET INChistory → | CAP STK CL A | 14.30% | $46M | 438.9K |
| 5 | PKPARK HOTELS & RESORTS INChistory → | COM | 10.00% | $32M | 2.58M |
| 6 | SABRSABRE CORP | COM · 6.50% CONV PFD A | 4.48% | $14M | 2.78M |
| 7 | CHEFCHEFS WHSE INChistory → | COM | 2.97% | $9M | 277.5K |
| 8 | AMTBAMERANT BANCORP INChistory → | CL A | 1.77% | $6M | 259.1K |
| 9 | IRSUSDIRSA INVERSIONES Y REP S A | GLOBL DEP RCPT · *W EXP 05/12/202 | 0.35% | $1M | 378.8K |
| 10 | PEBPEBBLEBROOK HOTEL TR | COM | 0.32% | $1M | 73.1K |
| 11 | SABRE GLBL INC | NOTE 4.000% 4/1 | 0.28% | $905,000 | 1.00M |
| 12 | CLDTCHATHAM LODGING TR | COM | 0.21% | $681,965 | 65.0K |
| 13 | CD8CRESUD S A C I F Y A | SPONSORED ADR · *W EXP 03/09/202 | 0.07% | $228,468 | 84.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $160M | 12 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $167M | 13 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $173M | 12 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $187M | 11 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $175M | 10 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $193M | 11 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $236M | 12 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $212M | 13 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $238M | 13 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $258M | 14 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $261M | 15 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $312M | 16 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $318M | 16 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $342M | 16 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $327M | 18 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $435M | 20 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $618M | 24 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $633M | 24 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $706M | 27 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $742M | 25 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $655M | 22 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020REVEALED | $635M | 24 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.