The Attention Merchants: The Epic Scramble To Get Inside Our Heads [Tim Wu]
Why we think we're better investors than we are [NYTimes]
Inside the hotel industry's plan to combat Airbnb [NYTimes]
Two law professors mimic activist hedge fund: a corporate raiding adventure [The Atlantic]
Vanguard is growing faster than everybody else combined [NYTimes]
Q&A with Blackrock's (BLK) Larry Fink [Bloomberg]
Why Facebook (FB) keeps beating every rival: it's the network of course [NYTimes]
A look at the first decade of augmented reality [Ben Evans]
Barry Ritholtz's rules of valuations [The Big Picture]
The making of a brand [Collaborative Fund]
Is American retail at a historic tipping point? [NYTimes]
E-commerce is a bear [Andy Dunn]
American Express, challenged by Chase, is losing the 'snob' war [NYTimes]
The potential of graphene to revolutionize the airline industry [Richard Branson]
A day in the life of a food vendor [NYTimes]
Wednesday, April 19, 2017
What We're Reading ~ 4/19/17
Tuesday, March 20, 2012
Steve Cohen's SAC Capital Buys More Marriott Vacations (VAC)
Steve Cohen's hedge fund firm SAC Capital filed a 13G with the SEC regarding their position in Marriott Vacations Worldwide (VAC). In it, they reveal a 5.6% ownership stake in the company with 1,887,284 shares.
This marks over an 11,000% increase in their position size since the end of 2011 as they only owned 16,779 shares back then. The disclosure was required due to portfolio activity on March 9th.
Other notable institutional owners of VAC as of 2011 year-end include Highside Capital, Corsair Capital, JANA Partners, and Catapult Capital.
Shares of VAC came into existence via a spin-off from Marriott International (MAR) on November 21st, 2011.
Per Google Finance, Marriott Vacations Worldwide "along with its subsidiaries, is the worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is also the global developer, marketer and seller of vacation ownership and related products under the Ritz-Carlton Destination Club brand, and it has the right to develop, market and sell whole ownership residential products under the Ritz-Carlton Residences brand."
