Hedge funds run by legendary names like Nelson Peltz and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the big brokerage houses don’t follow. Small caps are where they can generate significant out-performance. That’s why we pay special attention to hedge fund activity in these stocks.
Marriott International Inc (NASDAQ:MAR) was in 29 hedge funds’ portfolios at the end of September. MAR shareholders have witnessed a decrease in enthusiasm from smart money lately. There were 31 hedge funds in our database with MAR holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Applied Materials, Inc. (NASDAQ:AMAT), Xcel Energy Inc (NYSE:XEL), and The Progressive Corporation (NYSE:PGR) to gather more data points.
With all of this in mind, we’re going to view the recent action regarding Marriott International Inc (NASDAQ:MAR).
What does the smart money think about Marriott International Inc (NASDAQ:MAR)?
At the end of the third quarter, a total of 29 of the hedge funds tracked by Insider Monkey were long this stock, a change of -6% from the second quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Tom Gayner’s Markel Gayner Asset Management has the biggest position in Marriott International Inc (NASDAQ:MAR), worth close to $97 million, accounting for 2.6% of its total 13F portfolio. Coming in second is Capital Growth Management, managed by Ken Heebner, which holds a $56.9 million position; the fund has 1.8% of its 13F portfolio invested in the stock. Remaining members of the smart money with similar optimism comprise Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, David Harding’s Winton Capital Management and John Overdeck and David Siegel’s Two Sigma Advisors.