Tokio Marine Asset Management 13F: New $3.6M Stake in HZO

On October 26, 2026, Tokio Marine Asset Management disclosed a new position of 68,200 shares in MarineMax, Inc. (HZO), valued at approximately $3.57 million. This move is part of the fund's latest Form 13F filing with the SEC, covering the quarter ending September 30, 2026.

HZO MarineMax, Inc.

$52.59 ▲ +118.40% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Where MarineMax Fits in Tokio Marine Asset Management's Portfolio

This new stake accounts for 0.24% of Tokio Marine's total reported assets, which are around $1.46 billion. With 503 positions in its portfolio, this investment ranks 34th in size.

Other Institutional Activity in MarineMax

American Century Companies Inc. increased its holdings by 154,783 shares, bringing its total to 2,275,099 shares valued at about $119.3 million. Similarly, Royce & Associates LP added 65,502 shares, raising its total to 566,666 shares worth approximately $29.7 million.

MarineMax, Inc. Stock Up 0.1%

MarineMax's stock closed at $52.59 on October 23, 2026, but was recently trading around $52.45, which is about 0.3% below the event close. The stock's performance in the coming weeks will be watched closely, especially with the next earnings report approaching.

Recent Earnings

For the trailing twelve months, MarineMax reported revenue of approximately $2.20 billion, but it has faced a year-over-year revenue decline of 7%. The company's next earnings report is scheduled for November 12, 2026.

Insider Buying and Selling at MarineMax, Inc.

Recent insider transactions include Anthony E. Cassella Jr., an officer, who sold 4,000 shares at an average price of $31.06 on January 27, 2025, totaling about $124,240. Director Bonnie Susan Biumi bought 1,000 shares at $26.50 on February 24, 2025, and another 1,000 shares at $23.37 on March 11, 2025, amounting to $26,500 and $23,370 respectively. CEO William Brett McGill sold 60,000 shares on August 25, 2025, for a total value of about $1.65 million.

Analysts Set New Price Targets

On October 5, 2026, Citigroup downgraded MarineMax to a Neutral rating with a price target of $53.00, which is a slight increase from its prior target of $41.00. B. Riley Securities also downgraded the stock to Neutral on July 21, 2026, maintaining a target of $35.00. Analysts have generally expressed caution regarding the stock's performance.

About MarineMax

MarineMax, Inc. is a retailer of recreational boats and yachts, also providing superyacht services in the U.S. The company sells various types of boats, including fishing and pleasure boats, and operates through retail and manufacturing segments. This new investment by Tokio Marine could indicate a strategic bet on the company's future performance amid recent challenges.

Bottom Line

Investors will be looking for updates on MarineMax's performance in its upcoming earnings report on November 12, 2026. Tokio Marine's new stake adds to the interest around the company's stock, especially as it navigates a challenging revenue environment.