VAIL RESORTS INC MTN
COM · Common Stock · CUSIP 91879Q109 · ISIN US91879Q1094
American ski resort operator
- SectorConsumer discretionary
- IndustryServices-Miscellaneous Amusement & Recreation
- HeadquartersBroomfield, CO
- Founded1962
- Websitevailresorts.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 ($15.0m this quarter). Holder counts are more reliable. Shares outstanding: 40.3m as of 2023-03-06, 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 ≈ $232.81. Options: 12 managers hold calls ($65.6m notional), 6 hold puts ($52.3m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 476 |
| Q4 2022 | 512 |
| Q1 2023 | 488 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 255 | 196 |
| Q1 2023 | 220 | 240 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $43.6m | $44.7m | 1.02 |
| Q4 2022 | $40.2m | $55.0m | 1.37 |
| Q1 2023 | $65.6m | $52.3m | 0.80 |
Biggest buyers
| Select Equity Group, L.P. | Added | +553.2k |
| EAGLE ASSET MANAGEMENT INC | Added | +367.3k |
| Amundi | Added | +309.1k |
| VANGUARD GROUP INC | Added | +235.1k |
| FMR LLC | Added | +183.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +118.4k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +116.1k |
| STRS OHIO | Added | +85.0k |
| MACQUARIE GROUP LTD | Added | +69.5k |
| Corient Private Wealth LP | Added | +68.8k |
Biggest sellers
| FRED ALGER MANAGEMENT, LLC | Reduced | -419.1k |
| BlackRock Inc. | Reduced | -394.1k |
| Ardevora Asset Management LLP | Sold out | -187.9k |
| Durable Capital Partners LP | Sold out | -167.1k |
| Point72 Asset Management, L.P. | Reduced | -146.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -133.1k |
| APG Asset Management N.V. | Reduced | -117.5k |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Reduced | -105.3k |
| Qube Research & Technologies Ltd | Reduced | -104.9k |
| Waterfront Capital Partners, LLC | Sold out | -88.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $22.6m96.7k shares |
| CITADEL ADVISORS LLC | Added | $21.4m91.7k shares |
| JANE STREET GROUP, LLC | Added | $4.9m21.1k shares |
| SIMPLEX TRADING, LLC | Added | $4.8m20.7k shares |
| Walleye Trading LLC | Added | $3.7m15.8k shares |
| GROUP ONE TRADING LLC | Added | $3.4m14.7k shares |
| UBS Group AG | Unchanged | $2.3m10.0k shares |
| TWO SIGMA SECURITIES, LLC | New | $1.5m6.4k shares |
| PEAK6 Investments LLC | Added | $817.9k3.5k shares |
| Draper Asset Management, LLC | Unchanged | $8.0k1.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $23.1m99.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $18.1m77.3k shares |
| Walleye Trading LLC | Added | $7.0m30.1k shares |
| UBS Group AG | Unchanged | $2.3m10.0k shares |
| TWO SIGMA SECURITIES, LLC | Added | $1.3m5.7k shares |
| Cubist Systematic Strategies, LLC | New | $444.0k1.9k 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 |
|---|---|
| BAMCO INC /NY/ 13G · institution +4.2 pts · filed 2026-08-14 | 18.3% |
| Capital World Investors 13G · institution +3.7 pts · filed 2026-02-06 | 12.1% |
| Capital International Investors 13G · institution -2.0 pts · filed 2026-05-14 | 11.4% |
| Oasis Management Co Ltd. 13D · may seek influence +1.6 pts · filed 2026-09-29 | 9.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
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 |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 4 | $35.0m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $1.8m | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| BAMCO INC /NY/ 3.25% of their portfolio | 4.6m $1.1bn | Added +38.6k |
| VANGUARD GROUP INC 0.02% of their portfolio | 3.9m $922.3m | Added +235.1k |
| Select Equity Group, L.P. 2.79% of their portfolio | 3.2m $739.7m | Added +553.2k |
| BlackRock Inc. 0.02% of their portfolio | 3.1m $732.3m | Reduced -394.1k |
| APG Asset Management N.V. 0.90% of their portfolio | 2.0m $423.8m | Reduced -117.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.28% of their portfolio | 1.7m $390.4m | Reduced -28.5k |
| T. Rowe Price Investment Management, Inc. 0.19% of their portfolio | 1.1m $261.8m | Added +10.5k |
| Southpoint Capital Advisors LP 5.83% of their portfolio | 1.1m $257.0m | Added +25.0k |
| STATE STREET CORP 0.01% of their portfolio | 1.0m $240.2m | Added +8.6k |
| Capital International Investors 0.05% of their portfolio | 881.1k $205.9m | Added +272 |
| LAZARD ASSET MANAGEMENT LLC 0.26% of their portfolio | 845.3k $197.5m | Added +51.1k |
| MACQUARIE GROUP LTD 0.22% of their portfolio | 794.2k $185.6m | Added +69.5k |
| EAGLE ASSET MANAGEMENT INC 0.89% of their portfolio | 648.9k $151.6m | Added +367.3k |
| FMR LLC 0.01% of their portfolio | 571.8k $133.6m | Added +183.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 564.6k $131.7m | Added +20.4k |
| Amundi 0.06% of their portfolio | 452.0k $105.8m | Added +309.1k |
| NORGES BANK 0.02% of their portfolio | 398.0k $93.0m | Reduced -16.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 343.5k $79.2m | Added +56.5k |
| Atreides Management, LP 2.71% of their portfolio | 326.3k $76.2m | Added +3.0k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 323.3k $75.6m | Reduced -33.3k |
| Epoch Investment Partners, Inc. 0.44% of their portfolio | 314.2k $73.4m | Reduced -3.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 294.2k $68.7m | Added +3.4k |
| FIL Ltd 0.08% of their portfolio | 287.9k $67.3m | Added +40.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 285.9k $66.8m | Reduced -4.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 262.9k $61.4m | Added +9.5k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 241.0k $56.3m | Added +11.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 238.8k $55.8m | Added +812 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 237.3k $55.5m | Reduced -11.3k |
| Artisan Partners Limited Partnership 0.09% of their portfolio | 237.2k $55.4m | Reduced -12.5k |
| Legal & General Group Plc 0.02% of their portfolio | 234.2k $54.7m | Added +3.1k |
| Candlestick Capital Management LP 1.72% of their portfolio | 218.9k $51.2m | Reduced -61.0k |
| ARIEL INVESTMENTS, LLC 0.49% of their portfolio | 218.0k $50.9m | Added +18.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 198.3k $46.3m | Reduced -11.2k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.33% of their portfolio | 197.9k $46.3m | Reduced -71.0k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 195.7k $45.7m | Reduced -33.2k |
| Spyglass Capital Management LLC 3.41% of their portfolio | 193.3k $45.2m | Reduced -38.2k |
| FEDERATED HERMES, INC. 0.11% of their portfolio | 186.7k $43.6m | Added +10.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 177.7k $41.5m | Reduced -27.8k |
| GW&K Investment Management, LLC 0.38% of their portfolio | 169.4k $39.6m | Added +1.7k |
| MORGAN STANLEY 0.00% of their portfolio | 167.8k $39.2m | Reduced -35.7k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 165.5k $38.7m | Added +15.2k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.18% of their portfolio | 163.0k $38.1m | Reduced -105.3k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.19% of their portfolio | 159.7k $37.3m | Added +915 |
| Swiss National Bank 0.03% of their portfolio | 159.5k $37.3m | Reduced -4.4k |
| CADEN CAPITAL PARTNERS, LP 14.38% of their portfolio | 150.4k $35.1m | Added +28.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 146.1k $34.1m | Reduced -133.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 143.2k $33.5m | Added +116.1k |
| STRS OHIO 0.05% of their portfolio | 138.0k $32.2m | Added +85.0k |
| SCOUT INVESTMENTS, INC. 0.64% of their portfolio | 135.6k $31.7m | Added +33.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 133.2k $31.1m | Added +2.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 129.1k $30.2m | Reduced -38.6k |
| Aperture Investors, LLC 4.18% of their portfolio | 127.2k $29.7m | Added +10.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 118.4k $27.7m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 112.9k $26.4m | Reduced -8.3k |
| Handelsbanken Fonder AB 0.15% of their portfolio | 111.5k $26.1m | Added +10.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 111.4k $26.0m | Added +7.7k |
| SEGALL BRYANT & HAMILL, LLC 0.27% of their portfolio | 105.2k $24.6m | Added +1.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 104.3k $24.4m | Reduced -13.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.08% of their portfolio | 104.2k $24.3m | Reduced -4.4k |
| TD Asset Management Inc 0.03% of their portfolio | 100.6k $23.5m | Reduced -3.4k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 91.6k $21.4m | Reduced -159 |
| Woodson Capital Management, LP 3.75% of their portfolio | 91.0k $21.3m | Reduced -20.4k |
| Curi Capital, LLC 0.73% of their portfolio | 89.5k $20.9m | Reduced -1.1k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 88.6k $20.7m | Added +57.1k |
| California Public Employees Retirement System 0.02% of their portfolio | 84.3k $19.7m | Reduced -6.9k |
| IAT REINSURANCE CO LTD. 4.02% of their portfolio | 84.0k $19.6m | Unchanged |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 83.7k $19.6m | Reduced -22.3k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 4.44% of their portfolio | 82.7k $19.3m | Reduced -35.5k |
| CI INVESTMENTS INC. 0.10% of their portfolio | 81.4k $19.0m | Reduced -45 |
| Baskin Financial Services Inc. 1.98% of their portfolio | 80.7k $18.9m | Added +119 |
| SOROS FUND MANAGEMENT LLC 0.36% of their portfolio | 80.0k $18.7m | Reduced -40.0k |
| Conestoga Capital Advisors, LLC 0.31% of their portfolio | 79.1k $18.5m | Added +180 |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 76.3k $17.8m | Added +7.8k |
| Corient Private Wealth LP 0.05% of their portfolio | 75.2k $17.6m | Added +68.8k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.96% of their portfolio | 72.3k $16.9m | Reduced -6.3k |
| Capital World Investors 0.00% of their portfolio | 71.0k $16.6m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 69.8k $16.3m | Reduced -37.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 69.5k $16.2m | Reduced -551 |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 68.1k $15.9m | Added +1.3k |
| Corvex Management LP 0.91% of their portfolio | 64.6k $15.1m | New |
| Aberdeen Group plc 0.04% of their portfolio | 61.5k $14.4m | Added +10.0k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 61.3k $14.1m | Reduced -71.8k |
| Schonfeld Strategic Advisors LLC 0.13% of their portfolio | 58.6k $13.7m | Added +29.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 54.8k $12.8m | Added +3.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 54.2k $12.7m | Reduced -5.8k |
| Swedbank AB 0.02% of their portfolio | 48.7k $11.4m | Reduced -245 |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 47.2k $11.0m | Reduced -146.4k |
| BARCLAYS PLC 0.01% of their portfolio | 46.2k $10.8m | Reduced -6.0k |
| Korea Investment CORP 0.03% of their portfolio | 45.8k $10.7m | Reduced -13.0k |
| Handelsinvest Investeringsforvaltning 1.68% of their portfolio | 45.0k $10.5m | Added +3.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 43.8k $10.2m | Reduced -2.1k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 42.5k $9.9m | Reduced -13.3k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 40.5k $9.5m | Reduced -5.2k |
| GAM Holding AG 0.65% of their portfolio | 40.2k $9.4m | Added +9.3k |
| Invesco Ltd. 0.00% of their portfolio | 40.2k $9.4m | Added +1.4k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 40.2k $9.4m | Reduced -104.9k |
| Saraza Management, LP 1.55% of their portfolio | 40.0k $9.3m | New |
| Thematics Asset Management 0.50% of their portfolio | 39.6k $9.2m | Added +749 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 39.3k $9.2m | Added +35.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 38.4k $9.0m | Added +27.9k |