Fir Tree Capital Management’s Marriott Vacations Worldwide VAC Stock Holding History

Fir Tree Capital Management’s Portfolio VAC Stock Details VAC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-475,034	Closed	-$35.4M	–	79
2014 Q4	$35.4M	Hold	475,034	–	–	0.37%	50
2014 Q3	$30.1M	Sell	475,034 -995,182	-68%	-$59M	0.34%	51
2014 Q2	$86.2M	Sell	1,470,216 -795,505	-35%	-$44.5M	0.93%	37
2014 Q1	$127M	Buy	2,265,721 +160,820	+8%	+$8.31M	1.42%	27
2013 Q4	$111M	Hold	2,104,901	–	–	1.26%	30
2013 Q3	$92.6M	Buy	2,104,901 +457,782	+28%	+$20.4M	1.27%	26
2013 Q2	$71.2M	Buy	+1,647,119	New	+$72.5M	0.98%	31

Other funds holding VAC

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

BAMCO Inc New York $33.1B AUM 11.16% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Allianz Asset Management Munich, Germany $95.4B AUM 38.74% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

RIM

RS Investment Management San Francisco, California $9.73B AUM 3.24% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

Fir Tree Capital Management's VAC Position: Q1 2015 in Review

Fir Tree Capital Management sold out of Marriott Vacations Worldwide (VAC) in Q1 2015, closing a stake of 475,034 shares — an estimated $35.4M sold.

Fir Tree Capital Management first reported a position in VAC in Q2 2013 and held it in 7 quarters. The position peaked at $127M in Q1 2014. 238 funds tracked by Wall St. Rank hold VAC as of Q1 2015.

Fir Tree Capital Management reported no remaining Marriott Vacations Worldwide position as of Q1 2015 after selling out during the quarter.
Fir Tree Capital Management sold 475,034 Marriott Vacations Worldwide shares in Q1 2015, an estimated $35.4M.
Fir Tree Capital Management first reported a position in Marriott Vacations Worldwide in Q2 2013 and held it in 7 quarters.
Fir Tree Capital Management's Marriott Vacations Worldwide position peaked at $127M in Q1 2014.
238 funds tracked by Wall St. Rank held Marriott Vacations Worldwide as of Q1 2015.

Based on Fir Tree Capital Management's 13F filing for Q1 2015, filed 15 May 2015.