On January 23, Connecticut-based Iridian Asset Management disclosed a buy of 190,909 Hilton Grand Vacations (HGV 2.77%) shares, with an estimated transaction value of $8.11 million based on quarterly average pricing.
What happened
According to a filing with the U.S. Securities and Exchange Commission dated January 23, Iridian Asset Management increased its position in Hilton Grand Vacations (HGV 2.77%) by 190,909 shares during the fourth quarter. The estimated transaction value is $8.11 million, based on average closing prices for the quarter. Meanwhile, the quarter-end position value increased by $9.35 million, which includes both trading and price effects.
What else to know
The purchase brought the Hilton Grand Vacations stake to 7.66% of Iridian’s reportable assets under management.
Top holdings after the filing:
- NYSE:HLF: $23.67 million (8.7% of AUM)
- NYSE:HGV: $20.81 million (7.7% of AUM)
- NYSE:POST: $16.75 million (6.2% of AUM)
- NYSE:LAD: $15.68 million (5.8% of AUM)
- NASDAQ:PGEN: $15.05 million (5.5% of AUM)
As of January 22, shares of Hilton Grand Vacations were priced at $46.65, up 14.17% over the past year and roughly in line with the S&P 500’s 14% gain in the same period.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $5.00 billion |
| Net Income (TTM) | $53.00 million |
| Price (as of 2026-01-22) | $46.65 |
| 1-Year Price Change | 14.17% |
Company snapshot
- Hilton Grand Vacations offers vacation ownership intervals, points-based vacation clubs, resort management, and consumer financing under the Hilton Grand Vacations brand.
- The company generates revenue through real estate sales, financing of timeshare purchases, resort operations, and club management services.
Hilton Grand Vacations Inc. is a leading timeshare company with a diversified revenue base, operating across real estate sales, consumer financing, and resort management. Its scale, with nearly 200 properties and a substantial membership base, provides recurring revenue streams and operational leverage.
What this transaction means for investors
Iridian’s addition to HGV lifts the stake to nearly 8% of assets, placing it alongside the fund’s highest-conviction ideas and ahead of many more liquid, index-like exposures elsewhere in the book. That’s important to note, and recent operating results help explain why. In the third quarter, the company posted $907 million in contract sales, up nearly 17% year over year, while adjusted EBITDA reached $245 million despite construction-related revenue deferrals. Management reaffirmed full-year adjusted EBITDA guidance of $1.125 billion to $1.165 billion, signaling confidence in cash generation even as reported earnings remain noisy.
CEO Mark Wang framed the quarter as “broad-based operational and financial performance,” pointing to execution across channels and geographies as the foundation for long-term cash flow and shareholder returns. That matters in a portfolio where other top holdings skew toward steadier compounders rather than cyclical rebounds. So the takeaway? When a fund leans in this hard, it’s usually because it believes the business model is proving resilient where others aren’t.
