Activist stake
11.4%Stake
A Schedule 13D means the holder owns more than 5% and keeps the option to push for changes: board seats, a sale, buybacks. It must be filed within 5 business days.
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MAR · NASDAQ · Hotels, Resorts & Cruise Lines
A Schedule 13D means the holder owns more than 5% and keeps the option to push for changes: board seats, a sale, buybacks. It must be filed within 5 business days.
Institutions reporting a stake, Q2 2026
1,744
+105 vs Q1 2026
Share of stock reported
62.2%
162M of 261M shares outstanding
Change vs Q1 2026
-2.84M shares
182 new positions, 82 positions closed
Reported in 13F filings, which cover managers over $100M and include double counting. A 13F shows holdings on the last day of the quarter, not when shares were bought or sold. Change counts the 1,713 managers that reported both quarters.
Source: SEC Form 13F data sets, every filer, common stock only (options and bonds left out); 32 managers also reported puts and 30 managers calls. Amendments are applied; lines whose value was filed in thousands are scaled, and lines whose shares and value disagree are left out.