Marriott Vacations Worldwide
VAC
193 hedge funds and large institutions have $1.09B invested in Marriott Vacations Worldwide in 2013 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 74 increasing their positions, 56 reducing their positions, and 26 closing their positions.
163% more call options, than puts
Call options by funds: $508K | Put options by funds: $193K
32% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 56
5% more capital invested
Capital invested by funds: $1.04B → $1.09B (+$47.1M)
0.43% more ownership
Funds ownership: 69.77% → 70.2% (+0.43%)
4% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 26
1% less funds holding
Funds holding: 195 → 193 (-2)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$20.4M |
| 2 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$16.1M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
+$13.6M |
| 4 |
GA
GRS Advisors
Chicago,
Illinois
|
+$12.9M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$12.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$51.7M |
| 2 |
SCM
Sigma Capital Management
Stamford,
Connecticut
|
-$11.4M |
| 3 |
CBCM
Charter Bridge Capital Management
New York
|
-$11M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$8.2M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.84M |
VAC Hedge Fund Activity: Q3 2013 in Review
193 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Marriott Vacations Worldwide (VAC) for Q3 2013, worth a combined $1.09B — up 4.5% from $1.04B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of VAC and 25 opened new positions — a net loss of 1 holder — while 56 trimmed existing stakes and 74 added.
The largest buyer was Fir Tree Capital Management, adding an estimated $20.4M. The largest seller was Fred Alger Management, cutting an estimated $51.7M.
- 193 institutional investors held Marriott Vacations Worldwide (VAC) as of Q3 2013, down from 195 in Q2 2013.
- Funds reported $1.09B of Marriott Vacations Worldwide stock for Q3 2013, up 4.5% quarter-over-quarter.
- 25 funds opened new Marriott Vacations Worldwide positions in Q3 2013 and 26 closed out, a net change of -1 holder.
- The largest Marriott Vacations Worldwide buyer in Q3 2013 was Fir Tree Capital Management, an estimated $20.4M added.
- The largest Marriott Vacations Worldwide seller in Q3 2013 was Fred Alger Management, an estimated $51.7M sold.
Based on aggregated 13F filings for Q3 2013.