In a regulatory filing dated August 14, 2026, investment manager First Pacific Advisors (FPA) disclosed a significant reduction in its stake in Marriott International (MAR). According to the 13F report, which reveals holdings as of June 30, 2026, FPA sold over 214,000 shares, cutting its position by 92%. The firm's holding decreased from a value of $76.13 million to approximately $6.84 million.
This trade occurred during a second quarter where Marriott saw strong revenue growth in the U.S. and Canada, but also experienced weakness in international markets. [8] Subsequent to the reporting period, on August 3, Marriott reported Q2 earnings that beat profit estimates but missed on revenue, leading to a drop in its stock price. [3] FPA has not publicly commented on its reasons for the substantial divestment.