Buckley Capital Advisors, an investment management company, released its first quarter 2026 investor letter. A copy of the letter can be downloaded here. The first quarter of 2026 presented some difficulties for small and mid-cap equities. However, the Fund observed a notable performance improvement in April, with the portfolio rising approximately 13.8% net month-to-date and 8.6% net year-to-date, showcasing robust underlying performance in several of its core positions as fundamentals started to take hold. This strong performance trend has continued into May. This letter reflects the firm’s strategy of investing in high-quality companies trading at significantly discounted valuations. In addition, please check the firm’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Buckley Capital highlighted stocks like Hilton Grand Vacations Inc. (NYSE:HGV). Hilton Grand Vacations Inc. (NYSE:HGV) is a leading timeshare and vacation ownership company that provides services under Hilton Grand Vacations brand. On May 29, 2026, Hilton Grand Vacations Inc. (NYSE:HGV) closed at $52.02 per share. One-month return of Hilton Grand Vacations Inc. (NYSE:HGV) was 14.71%, and its shares gained 36.32% over the past 52 weeks. Hilton Grand Vacations Inc. (NYSE:HGV) has a market capitalization of $4.15 billion.
Buckley Capital stated the following regarding Hilton Grand Vacations Inc. (NYSE:HGV) in its Q1 2026 investor letter:
“We re-initiated a position in Hilton Grand Vacations Inc. (NYSE:HGV), the market leader in the timeshare industry and a stock we have followed for a number of years.
The company earns revenue in four different ways. The most familiar, sales of new timeshare contracts and contract upgrades, account for nearly 40% of adjusted EBITDA. This is, of course, cyclical and can be economically impacted during a recession. However, HGV has demonstrated sales resilience through multiple cycles. Over the last 20 years, HGV has had a track record of steady growth in “tours,” which are two-day stays given for almost free to families in exchange for watching a two-hour sales presentation. Its close rate of converting these leads into timeshare contract sales has held steady within a tight range, averaging 15% during this period.
Almost 60% of HGV’s segment-adjusted EBITDA is from sources that are substantially recurring: club membership fees, resort management fees, and financing fees. This gives the company a very resilient overall business model across multiple economic downturns—even during 2008-2010, HGV maintained very consistent credit metrics…” (Click here to read the full text)
Hilton Grand Vacations Inc. (NYSE:HGV) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 36 hedge fund portfolios held Hilton Grand Vacations Inc. (NYSE:HGV) at the end of the first quarter, the same as in the previous quarter. While we acknowledge the risk and potential of Hilton Grand Vacations Inc. (NYSE:HGV) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Hilton Grand Vacations Inc. (NYSE:HGV) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Hilton Grand Vacations Inc. (NYSE:HGV) and shared the list of best growth stocks to buy and hold for the long term. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
