In its Q2 2026 investor letter, Hotchkis & Wiley Mid-Cap Value Fund highlighted Marriott Vacations Worldwide Corporation (NYSE:VAC).
Marriott Vacations Worldwide Corporation (NYSE:VAC), a leading vacation and timeshare ownership company, delivered strong performance during the quarter
On August 3, 2026, Marriott Vacations Worldwide Corporation (NYSE:VAC) closed at $97.40 per share, reflecting a market capitalization of $3.34 billion. Marriott Vacations Worldwide Corporation (NYSE:VAC) posted a one-month return of -1.96%, while its shares gained 33.46% over the past 52 weeks. Hotchkis & Wiley Mid-Cap Value Fund stated the following regarding Marriott Vacations Worldwide Corporation (NYSE:VAC) in its Q2 2026 investor letter: “Marriott Vacations Worldwide Corporation (NYSE:VAC) is one of the largest timeshare operators in the US, building, selling, financing, and managing upper-upscale and luxury resorts under the Marriott, Westin, Ritz-Carlton, and Hyatt brands, alongside a high-margin exchange business.
We view it as a misunderstood, good-quality company whose branded network, affluent customer base with ~$1.5 million average net worth, and recurring financing and fee streams help insulate it from the cyclicality of travel. The stock outperformed this quarter as results topped low Street expectations, management maintained full-year guidance while raising its contract-sales outlook, and free cash flow generation remained strong.”