Will Hilton Grand Vacations (HGV) be Able to Create Long Term Value?

Laughing Water Capital, an investment management company, released its second-quarter 2024 investor letter. A copy of the letter can be In the second quarter, Class A interests in Laughing Water Capital returned about 2.5% bringing year-to-date returns to 11.

1%. The SP500TR and R2000 returned 4.3% and -3.

3% in the second quarter and 15.3% and 1.7% year-to-date, respectively.

The strength of the market is now concentrated in a small number of mega-cap stocks. The SP500's "artificial intelligence"-related equities increased 14.7% during the second quarter, while the overall SP500 fell 1.

2%. The firm does not own any of these stocks and focuses on the hidden corners of the market. In addition, you can check the fund's top 5 holdings to determine its best picks for 2024.

Laughing Water Capital highlighted stocks like Hilton Grand Vacations Inc. (NYSE: ), in the second quarter 2024 investor letter. Hilton Grand Vacations Inc.

(NYSE:HGV) is a timeshare company that manages vacation ownership resorts. The one-month return of Hilton Grand Vacations Inc. (NYSE:HGV) was 3.

51%, and its shares lost 8.84% of their value over the last 52 weeks. On July 25, 2024, Hilton Grand Vacations Inc.

(NYSE:HGV) stock closed at $41.85 per share with a market capitalization of $4.34 billion.

Laughing Water Capital stated the following regarding Hilton Grand Vacations Inc. (NYSE:HGV) in its Q2 2024 investor letter: " (NYSE:HGV) – I estimate that HGV, our time share business, is trading at a ~25% free .