Marriott International, Inc.
US ˙ NasdaqGS ˙ US5719032022

SecurityMAR / Marriott International, Inc.
InstitutionCarmignac Gestion
Latest Disclosed Ownership10,482 shares
Latest Disclosed Value $ 3,251,936
Carmignac Gestion reports 9.99% increase in ownership of MAR / Marriott International, Inc.

On February 13, 2026 - Carmignac Gestion filed a 13F-HR form disclosing ownership of 10,482 shares of Marriott International, Inc. (US:MAR) valued at $3,251,936 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 9,530 shares of Marriott International, Inc.. This represents a change in shares of 9.99% during the quarter. The current value of the position is $3,949,094 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-13 2025-12-31 13F MARRIOTT INTERNATIONAL CL A 571903202 10,482 952 9.99 3,252 31.04 0.0440
2025-11-13 2025-09-30 13F MARRIOTT INTERNATIONAL CL A 571903202 9,530 -1,695 -15.10 2,482 -19.08 0.0370
2025-08-13 2025-06-30 13F MARRIOTT INTERNATIONAL CL A 571903202 11,225 -975 -7.99 3,067 5.51 0.0472
2025-05-14 2025-03-31 13F MARRIOTT INTERNATIONAL CL A 571903202 12,200 2,197 21.96 2,906 4.16 0.0477
2025-02-13 2024-12-31 13F MARRIOTT INTERNATIONAL CL A 571903202 10,003 -3,442 -25.60 2,790 -16.52 0.0445
2024-11-13 2024-09-30 13F MARRIOTT INTERNATIONAL CL A 571903202 13,445 -1,039 -7.17 3,342 -4.54 0.0558
2024-08-13 2024-06-30 13F MARRIOTT INTERNATIONAL CL A 571903202 14,484 3,526 32.18 3,502 26.66 0.0600
2024-05-14 2024-03-31 13F MARRIOTT INTERNATIONAL CL A 571903202 10,958 -4,892 -30.86 2,765 -22.66 0.0437
2024-02-13 2023-12-31 13F MARRIOTT INTERNATIONAL CL A 571903202 15,850 836 5.57 3,574 21.11 0.0600
2023-11-29 2023-09-30 13F/A-1 MARRIOTT INTERNATIONAL CL A 571903202 15,014 -1,264 -7.77 2,951 -1.30 0.0542
2023-11-13 2023-09-30 13F MARRIOTT INTERNATIONAL CL A 571903202 15,014 -1,264 2,951 0.0546
2023-08-11 2023-06-30 13F MARRIOTT INTERNATIONAL CL A 571903202 16,278 -7,729 -32.19 2,990 -24.99 0.0515
2023-05-12 2023-03-31 13F MARRIOTT INTERNATIONAL CL A 571903202 24,007 7,543 45.82 3,986 62.63 0.0664
2023-02-13 2022-12-31 13F MARRIOTT INTERNATIONAL CL A 571903202 16,464 0 0.00 2,451 6.24 0.0443
2022-11-10 2022-09-30 13F MARRIOTT INTERNATIONAL CL A 571903202 16,464 -12,274 -42.71 2,307 -40.98 0.0496
2022-08-12 2022-06-30 13F MARRIOTT INTERNATIONAL CL A 571903202 28,738 -1,869 -6.11 3,909 -27.33 0.0828
2022-05-13 2022-03-31 13F MARRIOTT INTERNATIONAL CL A 571903202 30,607 3,572 13.21 5,379 20.42 0.0869
2022-02-11 2021-12-31 13F MARRIOTT INTERNATIONAL CL A 571903202 27,035 1,491 5.84 4,467 18.08 0.0625
2021-11-12 2021-09-30 13F MARRIOTT INTERNATIONAL CL A 571903202 25,544 2,686 11.75 3,783 21.21 0.0472
2021-08-13 2021-06-30 13F MARRIOTT INTERNATIONAL CL A 571903202 22,858 5,409 31.00 3,121 20.78 0.0362
2021-05-14 2021-03-31 13F MARRIOTT INTERNATIONAL CL A 571903202 17,449 12,200 232.43 2,584 273.41 0.0296
2021-02-12 2020-12-31 13F MARRIOTT INTERNATIONAL CL A 571903202 5,249 0 0.00 692 42.39 0.0072
2020-11-13 2020-09-30 13F MARRIOTT INTERNATIONAL CL A 571903202 5,249 3,828 269.39 486 298.36 0.0057
2020-08-13 2020-06-30 13F MARRIOTT INTERNATIONAL CL A 571903202 1,421 0 0.00 122 15.09 0.0017
2020-05-14 2020-03-31 13F MARRIOTT INTERNATIONAL CL A 571903202 1,421 -3,065 -68.32 106 -84.39 0.0018
2020-02-13 2019-12-31 13F MARRIOTT INTERNATIONAL CL A 571903202 4,486 2,115 89.20 679 130.17 0.0091
2019-11-13 2019-09-30 13F MARRIOTT INTERNATIONAL CL A 571903202 2,371 140 6.28 295 -5.75 0.0037
2019-08-13 2019-06-30 13F MARRIOTT INTERNATIONAL CL A 571903202 2,231 2,231 313 0.0039
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.