Top 5 Stock Picks of Imran Khan’s Proem Advisors

2. Marriott International, Inc. (NASDAQ:MAR)

Proem Advisors’ Stake Value: $13,311,000

Percentage of Proem Advisors’ 13F Portfolio: 10.44%

Number of Hedge Fund Holders: 49

Proem Advisors owns 97,500 shares in Marriott International, Inc. (NASDAQ:MAR), amounting to $13.31 million, making up 10.44% of Khan’s 13F portfolio for Q2. 

Of the hedge funds tracked by Insider Monkey, 49 funds reported owning stakes in Marriott International, Inc. (NASDAQ:MAR) at the end of Q2, down from 58 in Q1. 

Here is what Artisan Partners has to say about Marriott International, Inc. (NASDAQ:MAR) in its Q2 2021 investor letter:

“Hotel operator Marriott had performed well in the pandemic reopening trade. Their subsequent weakness reflects that trade’s slowing momentum in Q2 as virus variants surged globally and rising uncertainty weighed on economic growth expectations. Still, we remain confident in this business. Each are leaders in their respective industries with wide moats and superior business economics. Each is led by a battle-tested management team we believe is executing well on an appropriately set strategy to deliver shareholder value. They are carefully and wisely financed, and they have undemanding valuations based on normalized earnings power.”