Published on 5 Mar 2024 on Insider Monkey via Yahoo Finance

Marriott Vacations Worldwide Corporation (VAC) Fell on Soft Sales

Baron Funds, an investment management firm, released its “Focused Growth Fund” fourth quarter 2023 investor letter, a copy of which can be downloaded here. The fund had a strong fourth quarter and increased by 9.74% (Institutional Shares) underperforming the Russell 2500 Growth Index’s (the Benchmark) 12.59% return. Spare some time to check the fund’s top 5 holdings to know more about their top bets for 2023.

Baron Focused Growth Fund featured stocks like Marriott Vacations Worldwide Corporation (NYSE:VAC) in the fourth quarter 2023 investor letter. Headquartered in Orlando, Florida, Marriott Vacations Worldwide Corporation (NYSE:VAC) is a vacation company. On March 4, 2024, Marriott Vacations Worldwide Corporation (NYSE:VAC) stock closed at $91.78 per share. One-month return of Marriott Vacations Worldwide Corporation (NYSE:VAC) was 10.10%, and its shares lost 40.14% of their value over the last 52 weeks. Marriott Vacations Worldwide Corporation (NYSE:VAC) has a market capitalization of $3.305 billion.

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