5 Stocks George Soros and Insiders Are Crazy About

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1. Marriott Vacations Worldwide Corp (NYSE:VAC)

Soros Fund Management’s Stake (CALL): $35,980,918

John E. Geller Jr., the CEO of Marriott Vacations Worldwide Corp (NYSE:VAC), loaded up on 5,000 shares of Marriott Vacations Worldwide Corp (NYSE:VAC) at $112.84 per share on August 7. On that day the stock closed trading at around $112.47. Since then stock has lost about 15% in value as of March 12.

George Soros’s hedge fund owns CALL options on 250,000 Marriott Vacations Worldwide Corp (NYSE:VAC) shares, as of the end of 2023.

Baron Focused Growth Fund stated the following regarding Marriott Vacations Worldwide Corporation (NYSE:VAC) in its fourth quarter 2023 investor letter:

“Shares of timeshare company Marriott Vacations Worldwide Corporation (NYSE:VAC) fell in the quarter, driven by soft sales of timeshare units due to higher interest rates and the slow ramp of a new product offering. A default rate that was higher than the company had anticipated forced it to take a charge to increase its reserves, pressuring earnings and cash flow. We opted to exit our position due to the increased stress on its consumer base and a resulting increase in financial leverage, which we found inappropriate for a focused fund.”

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