Hedge fund GMT Capital disclosed a new 1.02 million-share position in Marriott Vacations, valued at $66.65 million as of March 31, 2026.
GMT Capital Corp. initiated a $66.65 million stake in Marriott Vacations Worldwide Corporation (NYSE:VAC) during the first quarter, acquiring 1,023,450 shares at an average cost of $63.41 million. The position reflects a 3.04% allocation of the firm’s 13F reportable assets under management as of March 31, 2026.
The fund’s top holdings include Hudbay Minerals (NYSE:HBM) at $457.23 million and Delta Air Lines (NYSE:DAL) at $294.05 million. Marriott Vacations shares closed at $72.18 on May 14, 2026, trailing the S&P 500 by 22.48 percentage points over the past year.
Marriott Vacations operates vacation ownership programs under brands like Marriott Vacation Club and The Ritz-Carlton Destination Club, generating revenue through sales and recurring fees.