Baron group reports 17.74% Hyatt Hotels stake (NYSE: H)

Rhea-AI Filing Summary

Baron Capital Group and related entities report significant ownership in Hyatt Hotels Corporation’s Class A Common Stock. As of 06/30/2026, they beneficially owned 7,279,087 shares, representing 17.74% of the class, with no sole voting or dispositive power.

All voting and dispositive authority over these shares is reported as shared. BAMCO Inc., Baron Capital Management and Baron Partners Fund are identified as related entities, and advisory clients of BAMCO and BCM hold economic interests in the shares, though none is known to exceed 5% individually.

Key Figures

Beneficial ownership: 7,279,087 shares Percent of class: 17.74 % BAMCO shared voting power: 6,222,718.00 shares +5 more

8 metrics

Beneficial ownership 7,279,087 shares Shares of Hyatt Class A Common Stock beneficially owned by Baron group as of 06/30/2026

Percent of class 17.74 % Portion of Hyatt Class A Common Stock class beneficially owned by Baron group

BAMCO shared voting power 6,222,718.00 shares Shares with shared voting and dispositive power reported by BAMCO Inc.

BAMCO percent of class 15.17 % Class A Common Stock percentage attributed to BAMCO Inc.

Baron Partners Fund holdings 4,001,647.00 shares Hyatt Class A shares beneficially owned by Baron Partners Fund

Baron Partners Fund percent of class 9.75 % Percentage of Hyatt Class A Common Stock held by Baron Partners Fund

Baron Capital Management holdings 1,056,369.00 shares Hyatt Class A shares with shared voting and dispositive power by Baron Capital Management, Inc.

Baron Capital Management percent of class 2.57 % Class A Common Stock percentage held by Baron Capital Management, Inc.

Key Terms

beneficially owned, shared voting power, shared dispositive power, parent holding company, +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 7,279,087"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"6 | Shared Voting Power 7,279,087.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"8 | Shared Dispositive Power 7,279,087.00"

parent holding company financial

"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"

Schedule 13G regulatory

"If a group has filed this schedule pursuant to 1(b)(1)(ii)(J), so indicate under Item 3(j)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What percentage of Hyatt Hotels (H) does the Baron group own?

The Baron group reports beneficial ownership of 17.74% of Hyatt Hotels’ Class A Common Stock, totaling 7,279,087 shares. This stake is held with shared voting and dispositive power across related Baron entities.

How many Hyatt Hotels (H) shares does Baron Capital Group report?

Baron Capital Group and related filers report beneficial ownership of 7,279,087 Hyatt Class A shares. These shares are held with 0 sole voting power and 7,279,087 shared voting and dispositive power among the group.

Which Baron entities are included in the Hyatt (H) Schedule 13G/A filing?

The filing lists Baron Capital Group, Inc., BAMCO, Inc., Baron Capital Management, Inc., Ronald Baron, and Baron Partners Fund as reporting persons for their collective beneficial ownership of Hyatt Class A stock.

What stake in Hyatt Hotels (H) does Baron Partners Fund hold?

Baron Partners Fund reports beneficial ownership of 4,001,647 Hyatt Class A shares, representing 9.75% of the class. This position is held with shared voting and dispositive power and is part of the larger Baron group’s reported holdings.

Do Baron advisory clients individually own over 5% of Hyatt (H)?

The filing states that advisory clients of BAMCO and Baron Capital Management have rights to dividends or sale proceeds, but, to the filers’ knowledge, no such person has an interest in more than 5% of Hyatt’s outstanding Class A shares.

Who controls Baron’s Hyatt (H) holdings according to the filing?

The document reports shared voting and dispositive power over the Hyatt shares among Baron entities, with Ronald Baron owning a controlling interest in Baron Capital Group and signing the report in multiple capacities and individually.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 10:48 AM Accepted by SEC EDGAR 08/14/2026 - 10:48 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 18)

Hyatt Hotels Corporation

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

448579102

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 448579102

1

Names of Reporting Persons

BAMCO INC /NY/

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,222,718.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,222,718.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,222,718.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.17 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

CUSIP Number(s): 448579102

1

Names of Reporting Persons

Baron Capital Group, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,279,087.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,279,087.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,279,087.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

17.74 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 448579102

1

Names of Reporting Persons

Baron Capital Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,056,369.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,056,369.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,056,369.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.57 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

CUSIP Number(s): 448579102

1

Names of Reporting Persons

Ronald Baron

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,279,087.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,279,087.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,279,087.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

17.74 %

12

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

CUSIP Number(s): 448579102

1

Names of Reporting Persons

Baron Partners Fund

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,001,647.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,001,647.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,001,647.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.75 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hyatt Hotels Corporation
(b)	Address of issuer's principal executive offices: 150 North Riverside Plaza, 8th Floor, Chicago, IL 60606
Item 2.
(a)	Name of person filing: Baron Capital Group, Inc. ("BCG"), BAMCO, Inc. ("BAMCO"), Baron Capital Management, Inc. ("BCM"), Ronald Baron, Baron Partners Fund ("BPF")
(b)	Address or principal business office or, if none, residence: 767 Fifth Avenue, 49th Floor, New York, NY 10153
(c)	Citizenship: BCG, BAMCO and BCM are New York corporations. Ronald Baron is a citizen of the United States. BPF is a series of a Delaware Statutory Trust.
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 448579102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7,279,087
(b)	Percent of class: 17.74 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 7,279,087
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 7,279,087
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The advisory clients of BAMCO and BCM have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuer's common stock in their accounts. To the best of the Filing Persons' knowledge, no such person has such interest relating to more than 5% of the outstanding class of securities.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. BAMCO and BCM are subsidiaries of BCG. BPF is an advisory client of BAMCO. Ronald Baron owns a controlling interest in BCG.
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Please see Item 3.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BAMCO INC /NY/

Signature:	/s/ Ronald Baron
Name/Title:	Chairman and CEO
Date:	08/14/2026

Baron Capital Group, Inc.

Signature:	/s/ Ronald Baron
Name/Title:	Chairman and CEO
Date:	08/14/2026

Baron Capital Management, Inc.

Signature:	/s/ Ronald Baron
Name/Title:	Chairman and CEO
Date:	08/14/2026

Ronald Baron

Signature:	/s/ Ronald Baron
Name/Title:	Individually
Date:	08/14/2026

Baron Partners Fund

Signature:	/s/ Ronald Baron
Name/Title:	CEO
Date:	08/14/2026

Comments accompanying signature: Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)