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 ($165.8m this quarter). Holder counts are more reliable. Shares outstanding: 671.9m as of 2026-02-04, 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 ≈ $65.05. Options: 38 managers hold calls ($1.1bn notional), 44 hold puts ($754.7m).
Trends to Q4 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 |
| Q3 2025 | 683 |
| Q4 2025 | 806 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 315 | 324 |
| Q2 2024 | 300 | 332 |
| Q3 2024 | 282 | 348 |
| Q4 2024 | 298 | 299 |
| Q1 2025 | 327 | 318 |
| Q2 2025 | 280 | 342 |
| Q3 2025 | 349 | 284 |
| Q4 2025 | 431 | 294 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $573.6m | $257.9m | 0.45 |
| Q2 2025 | $650.0m | $380.9m | 0.59 |
| Q3 2025 | $787.6m | $462.0m | 0.59 |
| Q4 2025 | $1.1bn | $754.7m | 0.71 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +6.3m |
| D. E. Shaw & Co., Inc. | Added | +5.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +3.0m |
| JANE STREET GROUP, LLC | Added | +2.5m |
| Point72 Asset Management, L.P. | New | +1.8m |
| Qube Research & Technologies Ltd | Added | +1.5m |
| Bank of New York Mellon Corp | Added | +1.2m |
| Trexquant Investment LP | New | +1.1m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +1.0m |
| Assenagon Asset Management S.A. | Added | +982.0k |
Biggest sellers
| Capital Research Global Investors | Reduced | -17.8m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Sold out | -5.5m |
| CITADEL ADVISORS LLC | Reduced | -5.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -4.2m |
| Invesco Ltd. | Reduced | -1.7m |
| VANGUARD GROUP INC | Reduced | -1.7m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -1.6m |
| JPMORGAN CHASE & CO | Reduced | -1.5m |
| BlackRock, Inc. | Reduced | -1.1m |
| ARGA Investment Management, LP | Reduced | -1.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $282.1m4.3m shares |
| ALKEON CAPITAL MANAGEMENT LLC | Reduced | $263.6m4.0m shares |
| CITADEL ADVISORS LLC | Reduced | $74.6m1.1m shares |
| BARCLAYS PLC | Added | $55.1m846.4k shares |
| IMC-Chicago, LLC | Added | $51.8m796.0k shares |
| ADAPT Investment Managers SA | New | $37.1m570.2k shares |
| CITIGROUP INC | Added | $35.1m540.0k shares |
| GROUP ONE TRADING LLC | Added | $34.4m529.1k shares |
| SIMPLEX TRADING, LLC | Added | $33.6m515.6k shares |
| JANE STREET GROUP, LLC | Added | $30.4m467.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $101.2m1.6m shares |
| CITADEL ADVISORS LLC | Reduced | $65.2m1.0m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $58.0m891.8k shares |
| ADAPT Investment Managers SA | New | $51.8m795.2k shares |
| Tidal Investments LLC | New | $47.3m726.0k shares |
| JANE STREET GROUP, LLC | Added | $36.9m566.3k shares |
| Twin Tree Management, LP | Added | $35.7m548.4k shares |
| IMC-Chicago, LLC | Added | $35.0m537.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $32.1m4.9k shares |
| Walleye Trading LLC | Added | $29.6m455.4k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 1 | $1.6m | — |
| Q4 2025 | 0 | — | 5 | $328.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-17 | Goldstein Robert G Chairman & CEO, director | Sold | $79.9m1.2m shares |
| 2025-12-16 | Adelson Miriam 10% owner · By Trust K for the benefit of one or more members of the Adelson family. | Sold | $5.3m78.0k shares |
| 2025-12-16 | Goldstein Robert G Chairman & CEO, director | Sold | $3.5m51.4k shares |
| 2025-12-15 | Goldstein Robert G Chairman & CEO, director | Sold | $49.1m734.5k shares |
| 2025-12-12 | Goldstein Robert G Chairman & CEO, director | Sold | $1.0m15.5k shares |
| 2025-12-11 | Goldstein Robert G Chairman & CEO, director | Sold | $25.4m382.9k shares |
| 2025-12-10 | Goldstein Robert G Chairman & CEO, director | Sold | $1.1m17.1k shares |
| 2025-12-03 | Dumont Patrick President & COO, director | Sold | $9.2m135.6k shares |
| 2025-12-02 | Dumont Patrick President & COO, director | Sold | $1.2m17.4k shares |
| 2025-12-01 | Dumont Patrick President & COO, director | Sold | $14.7m210.3k shares |
| 2025-12-01 | Goldstein Robert G Chairman & CEO, director | Sold | $7.0m100.0k shares |
| 2025-12-01 | Hudson D. Zachary EVP and Global General Counsel | Sold | $3.7m53.3k shares |
| 2025-12-01 | Chafetz Irwin Director | Sold | $2.1m30.0k shares |
| 2025-11-25 | Hyzak Randy EVP & CFO | Sold | $3.8m57.5k shares |
| 2025-11-07 | Hudson D. Zachary EVP and Global General Counsel | Sold | $6.5m100.0k shares |
| 2025-11-06 | Goldstein Robert G Chairman & CEO, director | Sold | $22.7m360.0k shares |
| 2025-11-05 | Goldstein Robert G Chairman & CEO, director | Sold | $2.5m40.0k shares |
| 2025-10-31 | Goldstein Robert G Chairman & CEO, director | Sold | $23.7m400.0k shares |
| 2025-10-30 | Goldstein Robert G Chairman & CEO, director | Sold | $11.8m200.0k shares |
| 2025-10-29 | Goldstein Robert G Chairman & CEO, director | Sold | $41.2m700.0k shares |
| 2025-10-27 | Goldstein Robert G Chairman & CEO, director | Sold | $17.8m300.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 40.6m $2.6bn | Reduced -1.7m |
| BlackRock, Inc. 0.03% of their portfolio | 26.2m $1.7bn | Reduced -1.1m |
| Capital Research Global Investors 0.20% of their portfolio | 16.2m $1.1bn | Reduced -17.8m |
| STATE STREET CORP 0.03% of their portfolio | 14.2m $921.4m | Reduced -135.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 10.4m $678.1m | Reduced -4.2m |
| AQR CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 9.1m $592.2m | Added +6.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 8.3m $538.3m | Reduced -53.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.31% of their portfolio | 8.2m $532.8m | Added +3.0m |
| Bank of New York Mellon Corp 0.09% of their portfolio | 7.9m $513.8m | Added +1.2m |
| NORGES BANK 0.04% of their portfolio | 5.6m $364.9m | Not comparable |
| Invesco Ltd. 0.03% of their portfolio | 5.1m $335.1m | Reduced -1.7m |
| D. E. Shaw & Co., Inc. 0.25% of their portfolio | 5.0m $324.0m | Added +5.0m |
| JANE STREET GROUP, LLC 0.35% of their portfolio | 4.5m $293.9m | Added +2.5m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 3.7m $240.2m | Reduced -33.9k |
| ARGA Investment Management, LP 6.04% of their portfolio | 3.4m $221.7m | Reduced -1.0m |
| CITADEL ADVISORS LLC 0.15% of their portfolio | 3.4m $219.3m | Reduced -5.1m |
| MORGAN STANLEY 0.01% of their portfolio | 3.3m $216.3m | Added +283.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.17% of their portfolio | 3.1m $202.6m | Reduced -1.6m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.5m $164.5m | Added +51.1k |
| Balyasny Asset Management L.P. 0.28% of their portfolio | 2.3m $147.8m | Reduced -273.8k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.57% of their portfolio | 2.3m $147.1m | Added +714.5k |
| NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio | 2.2m $142.3m | Reduced -416.8k |
| MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio | 1.9m $126.5m | Added +215.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.9m $126.5m | Reduced -20.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.9m $121.1m | Reduced -241.5k |
| Point72 Asset Management, L.P. 0.18% of their portfolio | 1.8m $117.3m | New |
| Legal & General Group Plc 0.03% of their portfolio | 1.8m $117.1m | Reduced -23.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.8m $115.5m | Added +20.0k |
| Qube Research & Technologies Ltd 0.16% of their portfolio | 1.7m $109.3m | Added +1.5m |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.54% of their portfolio | 1.5m $100.7m | Reduced -32.2k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.5m $100.1m | Reduced -244.5k |
| TUDOR INVESTMENT CORP ET AL 0.54% of their portfolio | 1.5m $99.2m | Added +815.7k |
| BAMCO INC /NY/ 0.26% of their portfolio | 1.5m $97.5m | Added +279.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.4m $90.9m | Added +450.7k |
| Maple Rock Capital Partners Inc. 2.97% of their portfolio | 1.4m $89.9m | Added +577.6k |
| CapitalatWork S.A. 2.55% of their portfolio | 1.3m $83.6m | Reduced -227.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 1.3m $81.4m | Reduced -691.1k |
| UniSuper Management Pty Ltd 0.47% of their portfolio | 1.2m $78.2m | Reduced -94.7k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.2m $76.3m | Added +51.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.20% of their portfolio | 1.1m $74.7m | Added +1.0m |
| Assenagon Asset Management S.A. 0.11% of their portfolio | 1.1m $74.3m | Added +982.0k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 1.1m $74.1m | Added +911.4k |
| Amundi 0.02% of their portfolio | 1.1m $72.5m | Added +8.5k |
| Trexquant Investment LP 0.64% of their portfolio | 1.1m $72.2m | New |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.1m $70.8m | Added +570.8k |
| UBS Group AG 0.01% of their portfolio | 1.1m $70.5m | Reduced -655.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 1.1m $70.5m | Added +54.0k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.0m $65.5m | Added +483.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio | 934.9k $60.9m | Added +466.3k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 926.3k $60.3m | Added +66.7k |
| Squarepoint Ops LLC 0.12% of their portfolio | 917.2k $59.7m | Added +532.9k |
| BARCLAYS PLC 0.02% of their portfolio | 915.8k $59.6m | Reduced -93.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 881.3k $57.4m | Added +20.6k |
| SG Americas Securities, LLC 0.08% of their portfolio | 878.0k $57.1m | Added +846.2k |
| ArrowMark Colorado Holdings LLC 1.25% of their portfolio | 869.5k $56.6m | Reduced -134.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 849.7k $55.3m | Added +815.8k |
| Swiss National Bank 0.03% of their portfolio | 846.5k $55.1m | Reduced -171.7k |
| Nuveen, LLC 0.01% of their portfolio | 782.3k $50.9m | Reduced -438.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.17% of their portfolio | 757.5k $49.3m | New |
| HRT FINANCIAL LP 0.18% of their portfolio | 679.5k $44.2m | Added +397.3k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 672.9k $43.8m | Reduced -49.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 635.5k $41.4m | Reduced -20.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 633.1k $41.2m | Reduced -569.1k |
| Retirement Systems of Alabama 0.13% of their portfolio | 631.5k $41.1m | Reduced -1.2k |
| FMR LLC 0.00% of their portfolio | 622.4k $40.5m | Reduced -554.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 599.0k $39.0m | Reduced -110.5k |
| IEQ CAPITAL, LLC 0.11% of their portfolio | 577.6k $37.6m | Added +418.5k |
| California Public Employees Retirement System 0.02% of their portfolio | 569.8k $37.1m | Reduced -7.9k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 557.2k $36.3m | Reduced -73.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 545.4k $35.5m | Reduced -112.6k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 539.8k $35.1m | Added +139.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 537.4k $35.0m | Reduced -1.5m |
| Jain Global LLC 0.34% of their portfolio | 535.1k $34.8m | Reduced -139.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 523.6k $34.1m | Reduced -78.2k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.60% of their portfolio | 511.8k $33.3m | New |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 481.3k $31.3m | Reduced -366.1k |
| TCTC Holdings, LLC 0.89% of their portfolio | 456.7k $29.7m | Reduced -1.6k |
| FACTORY MUTUAL INSURANCE CO 0.28% of their portfolio | 426.2k $27.7m | Reduced -13.3k |
| HughesLittle Investment Management Ltd. 4.55% of their portfolio | 422.3k $27.5m | Unchanged |
| CITIGROUP INC 0.02% of their portfolio | 414.2k $27.0m | Reduced -3.8k |
| Tidal Investments LLC 0.11% of their portfolio | 412.4k $26.8m | Added +387.3k |
| Brandywine Global Investment Management, LLC 0.18% of their portfolio | 407.7k $26.5m | Reduced -3.3k |
| PENN DAVIS MCFARLAND INC 2.53% of their portfolio | 405.0k $26.4m | Reduced -1.3k |
| Walleye Trading LLC 0.42% of their portfolio | 403.8k $26.3m | Added +171.3k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 400.0k $26.0m | Added +78.2k |
| Silvant Capital Management LLC 0.86% of their portfolio | 389.0k $25.3m | Reduced -383.3k |
| BANK OF NOVA SCOTIA 0.04% of their portfolio | 384.4k $25.0m | Added +344.0k |
| TD Asset Management Inc 0.02% of their portfolio | 370.6k $24.1m | Added +188.3k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 367.8k $23.9m | Added +304.7k |
| CLOUGH CAPITAL PARTNERS L P 2.12% of their portfolio | 362.0k $23.6m | Reduced -75.2k |
| Aquatic Capital Management LLC 0.66% of their portfolio | 356.6k $23.2m | Added +41.4k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.08% of their portfolio | 355.3k $23.1m | Added +272.4k |
| Man Group plc 0.04% of their portfolio | 354.2k $23.1m | Added +230.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 352.6k $23.0m | Added +51.1k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.14% of their portfolio | 349.2k $22.7m | Added +337.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 345.6k $22.5m | Reduced -14.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.08% of their portfolio | 334.0k $21.7m | New |
| Hudson Bay Capital Management LP 0.12% of their portfolio | 328.1k $21.4m | Added +313.7k |
| Quantbot Technologies LP 0.71% of their portfolio | 327.7k $21.3m | Added +295.3k |
| Engineers Gate Manager LP 0.25% of their portfolio | 320.7k $20.9m | Added +194.9k |