JWM Family Enterprises Reaffirms Passive Stake in Marriott Vacations
Ticker: VAC · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1524358
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investor
TL;DR
**JWM Family Enterprises still holds MVW shares, no big changes, just a routine update.**
AI Summary
JWM Family Enterprises, Inc. filed an amended SC 13G/A on February 5, 2024, confirming its ownership of Marriott Vacations Worldwide Corporation (MVW) common stock as of December 31, 2023. This filing, an amendment to a previous Schedule 13G, indicates that JWM Family Enterprises continues to hold a significant, but passive, stake in MVW. This matters to investors because it signals continued confidence from a major holder, but the passive nature means they aren't seeking to influence company management.
Why It Matters
This filing confirms a major institutional investor's continued, passive ownership in Marriott Vacations Worldwide, providing a signal of long-term confidence without indicating any intent for activist involvement.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a passive investor, indicating no immediate changes or risks to the company's operations or stock price.
Analyst Insight
An investor should view this as a routine update from a passive holder. It doesn't suggest any immediate catalysts or concerns for Marriott Vacations Worldwide stock, so no immediate action is warranted based solely on this filing.
Key Players & Entities
- JWM Family Enterprises, Inc. (company) — the reporting person filing the SC 13G/A
- Marriott Vacations Worldwide Corporation (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 5, 2024 (date) — the date the SC 13G/A was filed
- 57164Y107 (other) — the CUSIP number for Marriott Vacations Worldwide common stock
FAQ
What type of filing is this and what does 'A' signify?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. The 'A' signifies that it is an amendment to a previously filed statement, updating information or confirming continued holdings.
Who is the reporting person in this filing?
The reporting person is JWM Family Enterprises, Inc., with IRS Identification No. 52-1823618, as stated on the cover page of the filing.
What is the subject company whose securities are being reported?
The subject company is Marriott Vacations Worldwide Corporation, identified by CIK 0001524358 and CUSIP No. 57164Y107.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the cover page of the SC 13G/A.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(d), as indicated by the checked box on the cover page.
Filing Stats: 1,166 words · 5 min read · ~4 pages · Grade level 7.1 · Accepted 2024-02-05 14:27:23
Key Financial Figures
- $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie
Filing Documents
- tm245009d1_sc13ga.htm (SC 13G/A) — 48KB
- 0001104659-24-010536.txt ( ) — 50KB
If this statement is filed pursuant to §§240.13d-1(b),
Item 3. If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: Not Applicable.
Ownership
Item 4. Ownership. Reference is made to Items 5-9 and 11 and the footnotes thereto on pages 2 and 3 of this Schedule 13G, which are incorporated by reference herein.
Ownership of Five Percent
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: *
Ownership of More Than Five
Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Not Applicable.
Identification and Classification
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable.
Identification and Classification
Item 8. Identification and Classification of Members of the Group. Not Applicable.
Notice of Dissolution of
Item 9. Notice of Dissolution of Group. Not Applicable.
Certification
Item 10. Certification. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. * Only with respect to JWM Family Enterprises, L.P. CUSIP No. 57164Y107 13G Page 6 of 6 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 5, 2024 (Date) JWM Family Enterprises, Inc. /s/ Jacqueline M. Perry (Signature) Jacqueline M. Perry, Vice President and Treasurer (Name and Title) February 5, 2024 (Date) JWM Family Enterprises, L.P. By: JWM Family Enterprises, Inc. Its: General Partner /s/ Jacqueline M. Perry (Signature) Jacqueline M. Perry, Vice President and Treasurer (Name and Title)