LAS VEGAS SANDS CORP LVS
COM · Common Stock · CUSIP 517834107 · ISIN US5178341070
American casino and resort operating company based in Paradise, Nevada
- SectorConsumer discretionary
- IndustryHotels & Motels
- HeadquartersLas Vegas, NV
- Founded1937
- Websitelasvegassands.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($12.8m this quarter). Holder counts are more reliable. Shares outstanding: 686.5m as of 2025-07-23, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $43.53. Options: 38 managers hold calls ($650.0m notional), 36 hold puts ($380.9m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 561 |
| Q4 2022 | 628 |
| Q1 2023 | 676 |
| Q2 2023 | 691 |
| Q3 2023 | 643 |
| Q4 2023 | 681 |
| Q1 2024 | 664 |
| Q2 2024 | 628 |
| Q3 2024 | 610 |
| Q4 2024 | 634 |
| Q1 2025 | 627 |
| Q2 2025 | 610 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 286 | 365 |
| Q4 2023 | 358 | 269 |
| Q1 2024 | 315 | 324 |
| Q2 2024 | 300 | 332 |
| Q3 2024 | 282 | 348 |
| Q4 2024 | 298 | 299 |
| Q1 2025 | 327 | 318 |
| Q2 2025 | 280 | 342 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.1bn | $753.6m | 0.66 |
| Q4 2024 | $1.0bn | $599.2m | 0.60 |
| Q1 2025 | $573.6m | $257.9m | 0.45 |
| Q2 2025 | $650.0m | $380.9m | 0.59 |
Biggest buyers
| Capital Research Global Investors | Added | +22.1m |
| ARGA Investment Management, LP | Added | +2.7m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +2.7m |
| VANGUARD GROUP INC | Added | +1.8m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +1.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +989.4k |
| Carrhae Capital LLP | New | +961.8k |
| ROYAL BANK OF CANADA | Added | +951.2k |
| AQR CAPITAL MANAGEMENT LLC | Added | +922.7k |
| UniSuper Management Pty Ltd | Added | +655.5k |
Biggest sellers
| JANE STREET GROUP, LLC | Reduced | -9.4m |
| JPMORGAN CHASE & CO | Reduced | -5.6m |
| NORGES BANK | Reduced | -3.1m |
| Bank of New York Mellon Corp | Reduced | -2.7m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -2.4m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Reduced | -2.4m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.9m |
| TWINBEECH CAPITAL LP | Sold out | -1.7m |
| Nuveen, LLC | Reduced | -1.6m |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -1.6m |
Biggest calls
| ALKEON CAPITAL MANAGEMENT LLC | Reduced | $149.5m3.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $135.6m3.1m shares |
| CITADEL ADVISORS LLC | Added | $67.8m1.6m shares |
| Nishkama Capital, LLC | New | $55.6m1.3m shares |
| IMC-Chicago, LLC | Added | $25.7m589.9k shares |
| SIMPLEX TRADING, LLC | Added | $19.4m445.5k shares |
| GROUP ONE TRADING LLC | Added | $18.7m429.6k shares |
| BARCLAYS PLC | Reduced | $16.8m385.5k shares |
| Walleye Trading LLC | Added | $16.2m372.8k shares |
| CITIGROUP INC | Unchanged | $16.2m372.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $75.5m1.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $69.8m1.6m shares |
| JANE STREET GROUP, LLC | Added | $28.6m657.3k shares |
| Twin Tree Management, LP | New | $19.4m445.9k shares |
| IMC-Chicago, LLC | Added | $16.8m385.9k shares |
| Squarepoint Ops LLC | Added | $16.7m384.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $14.7m3.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.6m312.0k shares |
| Walleye Capital LLC | Added | $10.6m244.7k shares |
| PEAK6 LLC | Added | $10.6m243.8k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Adelson Miriam
13D · may seek influence
+1.2 pts · filed 2026-08-11
Stated purposeItem 4 of the Schedule 13D is hereby amended by adding the text below to the end of Item 4 of the Schedule 13D. The Issuer has historically maintained a share repurchase program for the repurchase of shares of its Common Stock from time to time. As a result of repurchases under this program, the number of shares of outstanding Common Stock has decreased, and consequently, the percentages of shares of Common Stock beneficially owned by certain of the Reporting Persons have passively increased. ESBT S Trust and Ms. Dumont adopt the disclosure made by the other Reporting Persons in Item 4 of the Schedule 13D. Full filing |
52.7% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27), Capital Research Global Investors (5.0%, 2025-11-13)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $5.2m | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 2 | $12.2m | — |
| Q1 2025 | 1 | $1.0m | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Capital Research Global Investors 0.43% of their portfolio | 49.3m $2.1bn | Added +22.1m |
| VANGUARD GROUP INC 0.03% of their portfolio | 43.1m $1.9bn | Added +1.8m |
| BlackRock, Inc. 0.02% of their portfolio | 27.3m $1.2bn | Added +37.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 15.9m $691.1m | Added +160.9k |
| STATE STREET CORP 0.03% of their portfolio | 15.4m $669.7m | Reduced -65.7k |
| ARGA Investment Management, LP 11.95% of their portfolio | 10.0m $436.9m | Added +2.7m |
| Invesco Ltd. 0.07% of their portfolio | 9.9m $430.9m | Added +459.8k |
| Bank of New York Mellon Corp 0.08% of their portfolio | 9.7m $420.7m | Reduced -2.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 8.8m $382.3m | Added +31.2k |
| JANUS HENDERSON GROUP PLC 0.14% of their portfolio | 6.7m $292.8m | Reduced -1.1m |
| CITADEL ADVISORS LLC 0.20% of their portfolio | 5.3m $229.4m | Reduced -309.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.20% of their portfolio | 5.1m $220.1m | Reduced -276.5k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.56% of their portfolio | 3.8m $165.0m | Reduced -2.4m |
| MORGAN STANLEY 0.01% of their portfolio | 3.8m $163.7m | Added +203.7k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 3.5m $153.9m | Added +335.9k |
| NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio | 3.3m $142.7m | Reduced -1.3m |
| Nuveen, LLC 0.04% of their portfolio | 3.1m $137.0m | Reduced -1.6m |
| NORGES BANK 0.02% of their portfolio | 3.1m $134.2m | Reduced -3.1m |
| VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio | 2.8m $123.2m | Added +2.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 2.8m $122.6m | Added +271.7k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.6m $115.0m | Reduced -457.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.6m $114.8m | Added +215.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.1m $92.4m | Reduced -29.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.14% of their portfolio | 2.1m $91.2m | Added +1.2m |
| RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio | 2.1m $91.2m | Reduced -359.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.8m $79.9m | Reduced -9.3k |
| Legal & General Group Plc 0.02% of their portfolio | 1.8m $78.6m | Reduced -8.3k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.8m $76.4m | Reduced -158.1k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 1.7m $74.3m | Added +922.7k |
| CapitalatWork S.A. 2.04% of their portfolio | 1.5m $66.7m | Added +23.2k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.38% of their portfolio | 1.5m $65.2m | Added +628.5k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.4m $62.6m | Reduced -191.3k |
| Amundi 0.02% of their portfolio | 1.4m $67.0m | Added +342.6k |
| UBS Group AG 0.01% of their portfolio | 1.4m $60.3m | Added +143.5k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.3m $56.9m | Added +951.2k |
| UniSuper Management Pty Ltd 0.38% of their portfolio | 1.3m $56.5m | Added +655.5k |
| BAMCO INC /NY/ 0.14% of their portfolio | 1.2m $53.0m | Reduced -735.4k |
| BARCLAYS PLC 0.02% of their portfolio | 1.2m $52.1m | Added +364.5k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 1.1m $46.7m | Reduced -102.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 1.1m $46.7m | Added +197.4k |
| Swiss National Bank 0.03% of their portfolio | 1.1m $46.5m | Added +47.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 1.0m $44.1m | Added +989.4k |
| ArrowMark Colorado Holdings LLC 0.79% of their portfolio | 1.0m $43.9m | Added +301.4k |
| Maple Rock Capital Partners Inc. 2.18% of their portfolio | 1.0m $43.7m | Added +556.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 997.4k $43.4m | Reduced -5.6m |
| Carrhae Capital LLP 4.00% of their portfolio | 961.8k $41.8m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 880.7k $38.3m | Reduced -327.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 844.3k $36.7m | Reduced -804.5k |
| DEPRINCE RACE & ZOLLO INC 0.73% of their portfolio | 802.7k $34.9m | Added +86.1k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 791.8k $34.5m | Reduced -109.5k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 771.1k $33.6m | Added +65.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 705.8k $30.7m | Reduced -16.0k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 674.0k $29.3m | Added +106.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 644.3k $28.0m | Added +42.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 623.6k $27.1m | Added +21.4k |
| Ceredex Value Advisors LLC 0.57% of their portfolio | 605.4k $26.3m | Reduced -26.6k |
| California Public Employees Retirement System 0.02% of their portfolio | 591.1k $25.7m | Added +10.1k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 578.8k $25.2m | Reduced -483.8k |
| FACTORY MUTUAL INSURANCE CO 0.26% of their portfolio | 554.6k $24.1m | Unchanged |
| Jain Global LLC 0.37% of their portfolio | 540.0k $23.5m | Reduced -142.6k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 518.9k $22.6m | Added +119.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 468.4k $20.5m | Reduced -1.6m |
| TCTC Holdings, LLC 0.65% of their portfolio | 461.5k $20.1m | Added +3.1k |
| FMR LLC 0.00% of their portfolio | 455.6k $19.8m | Reduced -37.4k |
| Brandywine Global Investment Management, LLC 0.14% of their portfolio | 453.3k $19.7m | New |
| Nishkama Capital, LLC 3.15% of their portfolio | 441.6k $19.2m | New |
| Verition Fund Management LLC 0.11% of their portfolio | 440.0k $19.1m | Added +5.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio | 438.0k $19.1m | Added +97.0k |
| HughesLittle Investment Management Ltd. 3.77% of their portfolio | 422.3k $18.4m | Added +2.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 412.3k $17.9m | Reduced -171.5k |
| PENN DAVIS MCFARLAND INC 2.00% of their portfolio | 408.4k $17.8m | Reduced -4.7k |
| OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.94% of their portfolio | 404.4k $17.6m | Added +193.0k |
| Silvant Capital Management LLC 0.62% of their portfolio | 375.0k $16.3m | Added +2.9k |
| CITIGROUP INC 0.01% of their portfolio | 361.9k $15.7m | Reduced -39.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 359.6k $15.6m | Added +4.0k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 355.9k $15.5m | Reduced -9.4m |
| Schonfeld Strategic Advisors LLC 0.11% of their portfolio | 350.3k $15.2m | Reduced -418.9k |
| Madison Asset Management, LLC 0.16% of their portfolio | 339.9k $14.8m | Reduced -52.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 325.5k $14.2m | Reduced -25.2k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.21% of their portfolio | 314.2k $13.7m | New |
| PINNACLE ASSOCIATES LTD 0.20% of their portfolio | 310.7k $13.5m | Reduced -86.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 310.6k $13.5m | Reduced -3.0k |
| ALTRINSIC GLOBAL ADVISORS LLC 0.49% of their portfolio | 308.7k $13.4m | Reduced -1.2k |
| GUGGENHEIM CAPITAL LLC 0.11% of their portfolio | 307.8k $13.4m | Reduced -948 |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 302.2k $13.2m | Added +96.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 291.5k $12.7m | Reduced -135 |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 274.3k $11.9m | Added +47.9k |
| DAVIDSON INVESTMENT ADVISORS 0.53% of their portfolio | 271.6k $11.8m | Added +3.0k |
| OPTIMAS CAPITAL Ltd 12.05% of their portfolio | 262.6k $11.4m | New |
| Aberdeen Group plc 0.02% of their portfolio | 246.6k $10.7m | Added +10.6k |
| AVIVA PLC 0.02% of their portfolio | 243.5k $10.6m | Added +205.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% of their portfolio | 237.7k $10.3m | Reduced -12.6k |
| Korea Investment CORP 0.02% of their portfolio | 237.5k $10.3m | Reduced -21.4k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 237.5k $10.3m | Added +14.6k |
| Mediolanum International Funds Ltd 0.12% of their portfolio | 231.4k $10.2m | Added +12.0k |
| Brookstone Capital Management 0.13% of their portfolio | 226.2k $9.8m | Added +22.5k |
| LPL Financial LLC 0.00% of their portfolio | 226.0k $9.8m | Added +20.9k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 222.2k $9.8m | Added +370 |
| Trexquant Investment LP 0.11% of their portfolio | 216.7k $9.4m | New |
| Empowered Funds, LLC 0.11% of their portfolio | 213.4k $9.3m | Added +206.8k |