First Quadrant’s Marriott Vacations Worldwide VAC Stock Holding History

First Quadrant’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 Q4	–	Sell	-9,100	Closed	-$620K	–	841
2015 Q3	$620K	Hold	9,100	–	–	0.01%	431
2015 Q2	$835K	Hold	9,100	–	–	0.02%	398
2015 Q1	$738K	Sell	9,100 -4,600	-34%	-$356K	0.02%	397
2014 Q4	$1.02M	Hold	13,700	–	–	0.02%	351
2014 Q3	$869K	Buy	13,700 +9,100	+198%	+$539K	0.02%	379
2014 Q2	$270K	Buy	+4,600	New	+$257K	0.01%	535

Other funds holding VAC

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

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 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

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

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

BIT

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

TCM

TimesSquare Capital Management New York $5.89B AUM 28.74% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

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

First Quadrant's VAC Position: Q4 2015 in Review

First Quadrant sold out of Marriott Vacations Worldwide (VAC) in Q4 2015, closing a stake of 9,100 shares — an estimated $620K sold.

First Quadrant first reported a position in VAC in Q2 2014 and held it in 6 quarters. The position peaked at $1.02M in Q4 2014. 228 funds tracked by Wall St. Rank hold VAC as of Q4 2015.

First Quadrant reported no remaining Marriott Vacations Worldwide position as of Q4 2015 after selling out during the quarter.
First Quadrant sold 9,100 Marriott Vacations Worldwide shares in Q4 2015, an estimated $620K.
First Quadrant first reported a position in Marriott Vacations Worldwide in Q2 2014 and held it in 6 quarters.
First Quadrant's Marriott Vacations Worldwide position peaked at $1.02M in Q4 2014.
228 funds tracked by Wall St. Rank held Marriott Vacations Worldwide as of Q4 2015.

Based on First Quadrant's 13F filing for Q4 2015, filed 26 Jan 2016.