Jacobson’s Highfields Takes Stake in Hilton, Adds to Marriott

  • Firm expands into hospitality as executives see consolidation
  • Hedge fund adds to Marriott stake amid pending merger

Highfields Capital Management, the investment firm run by Jon Jacobson, bought a new stake in Hilton Worldwide Holdings Inc. and added to its position in Marriott International Inc. in the second quarter.

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