Hotchkis & Wiley Mid-Cap Value Fund is Bullish on Marriott Vacations Worldwide (VAC)

3 weeks ago 18

Soumya Eswaran

Tue, August 4, 2026 astatine 11:06 AM CDT 3 min read

Hotchkis & Wiley, an concern absorption company, released its second-quarter 2026 capitalist missive for the "Hotchkis & Wiley Mid-Cap Value Fund." A transcript of the missive tin beryllium downloaded here. Equity markets posted beardown returns successful the 2nd 4th of 2026, with the Russell Midcap Index rising 13.8% and the Russell Midcap Value Index returning 13.4%, contempt concerns astir inflation, a hawkish Federal Reserve, and rising lipid prices owed to the Iran conflict. Narrow marketplace enactment was evident, peculiarly semiconductor stocks and different stocks successful the AI sector, which saw returns exceeding 100%. The Firm favors prime businesses with charismatic valuations, believing that fears regarding AI's interaction are overstated. The Hotchkis & Wiley Mid-Cap Value Fund lagged the Russell Midcap Value Index, achieving a 4.74% instrumentality successful the 2nd quarter, chiefly owed to underperformance successful exertion and vigor sectors, portion banal enactment successful healthcare contributed positively. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.

In its Q2 2026 capitalist letter, Hotchkis & Wiley Mid-Cap Value Fund highlighted Marriott Vacations Worldwide Corporation (NYSE:VAC). Marriott Vacations Worldwide Corporation (NYSE:VAC), a starring abrogation and timeshare ownership company, delivered beardown show during the quarter. On August 3, 2026, Marriott Vacations Worldwide Corporation (NYSE:VAC) closed astatine $97.40 per share, reflecting a marketplace capitalization of $3.34 billion. Marriott Vacations Worldwide Corporation (NYSE:VAC) posted a one-month instrumentality of -1.96%, portion its shares gained 33.46% implicit the past 52 weeks.

Hotchkis & Wiley Mid-Cap Value Fund stated the following regarding Marriott Vacations Worldwide Corporation (NYSE:VAC) successful its Q2 2026 capitalist letter:

"Marriott Vacations Worldwide Corporation (NYSE:VAC) is 1 of the largest timeshare operators successful the US, building, selling, financing, and managing upper-upscale and luxury resorts nether the Marriott, Westin, Ritz-Carlton, and Hyatt brands, alongside a high-margin speech business. We presumption it arsenic a misunderstood, good-quality institution whose branded network, affluent lawsuit basal with ~$1.5 cardinal mean nett worth, and recurring financing and interest streams assistance insulate it from the cyclicality of travel. The banal outperformed this 4th arsenic results topped debased Street expectations, absorption maintained full-year guidance portion raising its contract-sales outlook, and escaped currency travel procreation remained strong."

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