Is Marriott Vacations Worldwide Corp (VAC) Going to Burn These Hedge Funds?

Page 1 of 2

Should Marriott Vacations Worldwide Corp (NYSE:VAC) investors track the following data?

If you were to ask many investors, hedge funds are seen as overrated, outdated financial vehicles of an era lost to time. Although there are over 8,000 hedge funds in operation currently, Insider Monkey looks at the moguls of this group, around 525 funds. It is widely held that this group controls most of the smart money’s total capital, and by keeping an eye on their highest performing stock picks, we’ve deciphered a number of investment strategies that have historically outstripped Mr. Market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 33 percentage points in 11 months (explore the details and some picks here).

Just as crucial, optimistic insider trading activity is another way to look at the investments you’re interested in. There are lots of incentives for an upper level exec to get rid of shares of his or her company, but just one, very simple reason why they would initiate a purchase. Several academic studies have demonstrated the useful potential of this tactic if you understand what to do (learn more here).

Furthermore, it’s important to study the recent info about Marriott Vacations Worldwide Corp (NYSE:VAC).

How are hedge funds trading Marriott Vacations Worldwide Corp (NYSE:VAC)?

At Q2′s end, a total of 15 of the hedge funds we track were bullish in this stock, a change of 0% from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of key hedge fund managers who were upping their stakes significantly.

Marriott Vacations Worldwide Corp (NYSE:VAC)When using filings from the hedgies we track, Jeffrey Tannenbaum’s Fir Tree had the biggest position in Marriott Vacations Worldwide Corp (NYSE:VAC), worth close to $71.2 million, comprising 1% of its total 13F portfolio. On Fir Tree’s heels is Steven Cohen of SAC Capital Advisors, with a $29.1 million position; 0.2% of its 13F portfolio is allocated to the company. Remaining hedgies that are bullish include SAC Subsidiary’s Sigma Capital Management, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and Israel Englander’s Millennium Management.

Due to the fact Marriott Vacations Worldwide Corp (NYSE:VAC) has witnessed a fall in interest from the smart money’s best and brightest, it’s easy to see that there exists a select few fund managers who were dropping their entire stakes in Q1. At the top of the heap, Donald Chiboucis’s Columbus Circle Investors cut the biggest investment of the 450+ funds we watch, worth close to $14.8 million in stock, and Dmitry Balyasny of Balyasny Asset Management was right behind this move, as the fund dumped about $4.4 million worth. These transactions are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

Insider trading activity in Marriott Vacations Worldwide Corp (NYSE:VAC)

Insider buying is at its handiest when the company we’re looking at has experienced transactions within the past 180 days. Over the last six-month time frame, Marriott Vacations Worldwide Corp (NYSE:VAC) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Marriott Vacations Worldwide Corp (NYSE:VAC). These stocks are Boyd Gaming Corporation (NYSE:BYD), Pinnacle Entertainment, Inc (NYSE:PNK), Ameristar Casinos, Inc. (NASDAQ:ASCA), Vail Resorts, Inc. (NYSE:MTN), and Caesars Entertainment Corp (NASDAQ:CZR). This group of stocks are in the resorts & casinos industry and their market caps match VAC’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!