SCHEDULE: FMR LLC Reduces Hilton Grand Vacations Stake to 4.9%

Sentiment:

Beneficial Ownership Report 5 November 2025 11:35 AM

📋All filings for Hilton Grand Vacations INC

FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 4.9% in Hilton Grand Vacations Inc. common stock as of September 30, 2025.

Worse than expectedFMR LLC and Abigail P. Johnson's beneficial ownership in Hilton Grand Vacations Inc. has decreased to 4.9%, falling below the 5% threshold typically associated with significant institutional stakes. This reduction by a major institutional investor can be perceived negatively by the market.

Summary

FMR LLC and Abigail P. Johnson, as reporting persons, beneficially own an aggregate of 4,359,978.40 shares of Hilton Grand Vacations Inc. common stock.
This ownership represents 4.9% of the total outstanding common stock of Hilton Grand Vacations Inc.
FMR LLC holds sole voting power over 4,346,367.00 shares and sole dispositive power over 4,359,978.40 shares.
Abigail P. Johnson holds sole dispositive power over 4,359,978.40 shares, with no sole voting power.
The filing is an Amendment No. 1 to a Schedule 13G, indicating a change from a previously reported ownership position.
The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to a major institutional investor reducing its stake below the 5% threshold, which can signal a lack of conviction or portfolio rebalancing.

Positives

NA This filing primarily reports a change in beneficial ownership and does not contain specific positive operational or financial details about the issuer.

Negatives

The reduction of FMR LLC's beneficial ownership to below the 5% threshold may be perceived negatively by the market, as it indicates a decrease in a major institutional investor's stake.

Risks

NA This beneficial ownership report does not detail specific risks related to Hilton Grand Vacations Inc.'s operations or financial health.

Future Outlook

NA This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the issuer.

Management Comments

NA This filing contains certifications from the reporting persons but no notable comments from the issuer's management.

Industry Context

Schedule 13G filings are mandatory disclosures by institutional investors who acquire beneficial ownership of more than 5% of a company's voting stock, or amendments reporting changes in such ownership. This filing indicates that FMR LLC, a significant institutional investor, has adjusted its stake in Hilton Grand Vacations Inc., reducing its beneficial ownership below the 5% threshold. This type of change can signal a shift in investment strategy or portfolio rebalancing by the institutional investor.

Comparison to Industry Standards

NA This filing reports a specific ownership stake and does not provide data for comparison to industry benchmarks or competitor performance.

Management Changes

Role	Previous Person	New Person	Effective Date	Reason

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment

Legal Proceedings

NA The filing does not mention any legal or regulatory matters.

Related Party Transactions

NA The filing does not disclose any related party dealings for Hilton Grand Vacations Inc.

Stakeholder Impact

Shareholders may view the reduction in FMR LLC's stake as a potential signal of decreased institutional confidence, which could influence stock price perception.

Next Steps

NA The filing does not mention any specific future actions or milestones for the issuer or the reporting persons beyond the filing itself.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC.
2023-01-10	Date of previous Schedule 13G filing by FMR LLC (accession number -23-000003) where Power of Attorney was incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson.
2023-01-31	Date of previous Schedule 13G filing by FMR LLC (accession number -23-000038) where Power of Attorney was incorporated by reference.
2025-09-30	Date of event which requires filing of this statement, representing the beneficial ownership position as of this date.
2025-11-04	Signature date of the Schedule 13G Amendment No. 1 filing.

Recommendation

hold

While a major institutional investor reducing its stake below 5% can be a negative signal, a 13G filing alone does not provide sufficient information about the issuer's fundamentals or future prospects to warrant a 'sell' recommendation. It suggests a 'hold' to observe further developments and the company's next financial reports, as the reduction could be due to portfolio rebalancing rather than a fundamental issue with Hilton Grand Vacations Inc.

Keywords

Hilton Grand Vacations, HGV, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Ownership Change

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