GMT Capital Corp.
has established a new investment position in Marriott Vacations Worldwide Corporation (NYSE:VAC) during the first quarter of 2026, according to a Securities and Exchange Commission (SEC) filing.
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The hedge fund acquired 1,023,450 shares of the hospitality company.
The trade size reached an estimated $63.41 million, based on the average closing price for the quarter.
By the end of the quarter, the position value rose to $66.65 million due to subsequent market movements.
This newly established stake represents 3.04% of the total 13F reportable assets under management (AUM) for GMT Capital Corp.
as of March 31, 2026.
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Portfolio Context and Market Performance
Following the regulatory filing, the top asset holdings within the fund include Hudbay Minerals Inc. (NYSE:HBM) at $457.23 million and Delta Air Lines Inc. (NYSE:DAL) at $294.05 million.
Additional major assets feature Jazz Pharmaceuticals plc (NASDAQ:JAZZ) at $109.84 million, Ero Copper Corp.
(NYSE:ERO) at $97.05 million, and United Airlines Holdings Inc. (NASDAQ:UAL) at $89.19 million.
As of May 14, 2026, shares of Marriott Vacations Worldwide closed at $72.18, marking a 4.8% increase over the past year, though trailing the S&P 500 performance index by 22.48 percentage points.
Operational Outlook and Market Position
Marriott Vacations Worldwide operates a diverse global portfolio of over 120 properties both within the United States and internationally, catering to upscale leisure travelers.
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The corporation manages vacation ownership interests, resort management programs, and exchange networks under specialized brands like Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, and The Ritz-Carlton Destination Club.
The company generates recurring revenue streams from exchange memberships and third-party management, alongside the core development, marketing, and sale of timeshare ownerships.
The capital injection by Atlanta-based GMT Capital highlights a significant new commitment, indicating a bullish stance on the stock and positioning the asset just outside the fund's top ten holdings.
Marriott Vacations Worldwide Financial Metrics and Market Status:
- Market Capitalization: $5.09 billion
- Net Income (ttm): ($342 million)
- Dividend Yield: 4.40%
- Share Price (May 14, 2026): $72.18
Financial Metrics and Market Status
Marriott Vacations Worldwide's market capitalization stands at $5.09 billion, with a net income of ($342 million) over the trailing twelve months.
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The company offers a dividend yield of 4.40%, and its share price closed at $72.18 on May 14, 2026.
Other schedules to note
- May 20, 2026 - 21:46
- The trade size reached an estimated $63.41 million, based on the average closing price for the quarter. By the end of the quarter, the position value rose to $66.65 million due to subsequent market movements.
- 4.40%$72.18
