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 ($18.2m this quarter). Holder counts are more reliable. Shares outstanding: 38.6m as of 2023-06-05, 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 ≈ $250.41. Options: 12 managers hold calls ($46.9m notional), 9 hold puts ($42.9m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 476 |
| Q4 2022 | 512 |
| Q1 2023 | 488 |
| Q2 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 |
| Q2 2023 | 215 | 231 |
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 |
| Q2 2023 | $46.9m | $42.9m | 0.91 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +317.7k |
| MORGAN STANLEY | Added | +157.2k |
| ZACKS INVESTMENT MANAGEMENT | New | +127.6k |
| Sequoia Financial Advisors, LLC | New | +111.6k |
| GW&K Investment Management, LLC | Added | +80.9k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | New | +69.6k |
| CIBC Private Wealth Group LLC | New | +61.8k |
| MACQUARIE GROUP LTD | Added | +60.0k |
| ENVESTNET ASSET MANAGEMENT INC | Added | +59.1k |
| BAMCO INC /NY/ | Added | +40.5k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Reduced | -1.0m |
| Amundi | Reduced | -344.2k |
| Atreides Management, LP | Sold out | -326.3k |
| FMR LLC | Reduced | -286.4k |
| BlackRock Inc. | Reduced | -226.9k |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -129.2k |
| Candlestick Capital Management LP | Reduced | -128.4k |
| STRS OHIO | Reduced | -115.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -98.0k |
| NORGES BANK | Reduced | -81.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $19.7m78.4k shares |
| CITADEL ADVISORS LLC | Reduced | $14.1m56.2k shares |
| JANE STREET GROUP, LLC | Reduced | $3.1m12.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.4m9.4k shares |
| Walleye Trading LLC | Reduced | $1.7m6.9k shares |
| Squarepoint Ops LLC | New | $1.3m5.3k shares |
| WOLVERINE TRADING, LLC | New | $1.3m5.2k shares |
| GROUP ONE TRADING LLC | Reduced | $1.2m4.7k shares |
| Walleye Capital LLC | New | $1.1m4.3k shares |
| Cubist Systematic Strategies, LLC | New | $679.8k2.7k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $14.6m58.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.8m42.8k shares |
| Walleye Trading LLC | Reduced | $4.2m16.7k shares |
| Walleye Capital LLC | New | $4.0m16.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $3.8m150 shares |
| Jefferies Financial Group Inc. | New | $3.1m12.5k shares |
| WOLVERINE TRADING, LLC | New | $1.3m5.1k shares |
| TWO SIGMA SECURITIES, LLC | Reduced | $629.4k2.5k shares |
| Cubist Systematic Strategies, LLC | Reduced | $428.0k1.7k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BAMCO INC /NY/ 3.26% of their portfolio | 4.7m $1.2bn | Added +40.5k |
| VANGUARD GROUP INC 0.02% of their portfolio | 3.9m $983.3m | Reduced -41.1k |
| Select Equity Group, L.P. 2.93% of their portfolio | 3.1m $779.3m | Reduced -70.0k |
| BlackRock Inc. 0.02% of their portfolio | 2.9m $731.9m | Reduced -226.9k |
| APG Asset Management N.V. 0.92% of their portfolio | 2.0m $454.7m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.29% of their portfolio | 1.7m $419.0m | Reduced -6.5k |
| Southpoint Capital Advisors LP 5.89% of their portfolio | 1.1m $271.3m | Reduced -22.2k |
| STATE STREET CORP 0.01% of their portfolio | 1.0m $256.3m | Reduced -9.3k |
| Capital International Investors 0.05% of their portfolio | 881.4k $221.9m | Added +272 |
| MACQUARIE GROUP LTD 0.25% of their portfolio | 854.2k $215.0m | Added +60.0k |
| LAZARD ASSET MANAGEMENT LLC 0.22% of their portfolio | 716.1k $180.3m | Reduced -129.2k |
| EAGLE ASSET MANAGEMENT INC 0.89% of their portfolio | 637.9k $160.6m | Reduced -10.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 581.1k $146.0m | Added +16.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 357.1k $89.4m | Added +13.5k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 339.6k $85.5m | Added +317.7k |
| MORGAN STANLEY 0.01% of their portfolio | 325.0k $81.8m | Added +157.2k |
| NORGES BANK 0.02% of their portfolio | 316.1k $79.6m | Reduced -81.9k |
| Epoch Investment Partners, Inc. 0.44% of their portfolio | 301.8k $76.0m | Reduced -12.4k |
| FIL Ltd 0.08% of their portfolio | 294.3k $74.1m | Added +6.4k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 291.2k $73.3m | Reduced -32.1k |
| FMR LLC 0.01% of their portfolio | 285.4k $71.9m | Reduced -286.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 279.4k $70.3m | Reduced -6.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 263.6k $66.4m | Reduced -30.6k |
| GW&K Investment Management, LLC 0.60% of their portfolio | 250.3k $63.0m | Added +80.9k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 245.7k $61.9m | Added +4.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 237.3k $55.5m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 236.4k $59.5m | Reduced -2.4k |
| Legal & General Group Plc 0.02% of their portfolio | 233.9k $58.9m | Reduced -315 |
| Artisan Partners Limited Partnership 0.09% of their portfolio | 226.4k $57.0m | Reduced -10.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 222.0k $55.9m | Reduced -40.9k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 213.3k $53.7m | Added +17.6k |
| ARIEL INVESTMENTS, LLC 0.49% of their portfolio | 204.8k $51.6m | Reduced -13.1k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.31% of their portfolio | 192.9k $48.6m | Reduced -5.0k |
| Spyglass Capital Management LLC 3.24% of their portfolio | 178.1k $44.8m | Reduced -15.1k |
| FEDERATED HERMES, INC. 0.11% of their portfolio | 171.7k $43.2m | Reduced -15.0k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 163.4k $41.1m | Reduced -2.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 149.0k $37.5m | Reduced -49.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 147.1k $37.0m | Reduced -30.6k |
| Swiss National Bank 0.02% of their portfolio | 145.6k $36.7m | Reduced -13.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 138.4k $34.8m | Added +5.2k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 131.6k $33.1m | Reduced -14.5k |
| ZACKS INVESTMENT MANAGEMENT 0.40% of their portfolio | 127.6k $32.1m | New |
| SCOUT INVESTMENTS, INC. 0.61% of their portfolio | 126.9k $30.0m | Reduced -8.7k |
| Aperture Investors, LLC 3.87% of their portfolio | 124.9k $31.5m | Reduced -2.2k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.14% of their portfolio | 123.8k $31.2m | Reduced -39.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 113.2k $28.5m | Added +59.1k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 112.1k $28.2m | Added +730 |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 111.9k $28.2m | Reduced -1.0m |
| Sequoia Financial Advisors, LLC 0.48% of their portfolio | 111.6k $28.1m | New |
| Handelsbanken Fonder AB 0.15% of their portfolio | 111.5k $28.1m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 110.0k $27.7m | Added +18.4k |
| Amundi 0.01% of their portfolio | 107.8k $26.8m | Reduced -344.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 106.4k $26.8m | Added +2.1k |
| SEGALL BRYANT & HAMILL, LLC 0.27% of their portfolio | 102.3k $25.8m | Reduced -2.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 98.1k $24.7m | Reduced -14.8k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.11% of their portfolio | 94.8k $23.9m | Reduced -64.9k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 4.56% of their portfolio | 91.3k $23.0m | Added +8.6k |
| Candlestick Capital Management LP 0.77% of their portfolio | 90.6k $22.8m | Reduced -128.4k |
| Curi Capital, LLC 0.73% of their portfolio | 88.3k $22.2m | Reduced -1.2k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 87.9k $22.0m | Added +26.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 86.0k $21.7m | Added +2.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% of their portfolio | 85.6k $21.6m | Reduced -18.6k |
| IAT REINSURANCE CO LTD. 4.09% of their portfolio | 84.0k $21.1m | Unchanged |
| Baskin Financial Services Inc. 1.96% of their portfolio | 80.9k $20.4m | Added +232 |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 80.8k $20.3m | Reduced -7.8k |
| Conestoga Capital Advisors, LLC 0.32% of their portfolio | 79.0k $19.9m | Reduced -79 |
| SOROS FUND MANAGEMENT LLC 0.43% of their portfolio | 78.9k $19.9m | Reduced -1.1k |
| California Public Employees Retirement System 0.02% of their portfolio | 78.7k $19.8m | Reduced -5.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 78.5k $19.8m | Reduced -64.7k |
| CI INVESTMENTS INC. 0.10% of their portfolio | 75.9k $19.1m | Reduced -5.5k |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 72.8k $18.3m | Reduced -3.5k |
| Corient Private Wealth LP 0.04% of their portfolio | 72.7k $18.3m | Reduced -2.5k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 71.1k $17.9m | Added +3.0k |
| RICE HALL JAMES & ASSOCIATES, LLC 1.02% of their portfolio | 71.1k $17.9m | Reduced -1.2k |
| Capital World Investors 0.00% of their portfolio | 71.0k $17.9m | Unchanged |
| CADEN CAPITAL PARTNERS, LP 6.81% of their portfolio | 70.5k $17.7m | Reduced -79.9k |
| Woodson Capital Management, LP 2.93% of their portfolio | 70.0k $17.6m | Reduced -21.0k |
| Saraza Management, LP 3.03% of their portfolio | 70.0k $17.6m | Added +30.0k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 2.31% of their portfolio | 69.6k $17.5m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 69.3k $17.5m | Reduced -49.1k |
| Aberdeen Group plc 0.04% of their portfolio | 68.7k $17.3m | Added +7.2k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 68.6k $17.3m | Reduced -1.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 65.0k $16.4m | Reduced -4.5k |
| Twin Tree Management, LP 0.32% of their portfolio | 62.6k $15.8m | Added +24.6k |
| CIBC Private Wealth Group LLC 0.02% of their portfolio | 61.8k $15.6m | New |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 57.2k $14.4m | Added +2.3k |
| Swedbank AB 0.02% of their portfolio | 48.6k $12.2m | Reduced -136 |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 48.4k $12.2m | Added +7.9k |
| BARCLAYS PLC 0.01% of their portfolio | 46.9k $11.8m | Added +668 |
| UBS Group AG 0.00% of their portfolio | 45.5k $11.5m | Added +12.2k |
| Korea Investment CORP 0.03% of their portfolio | 44.2k $11.1m | Reduced -1.6k |
| GAM Holding AG 0.74% of their portfolio | 42.7k $10.7m | Added +2.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 42.5k $10.7m | Reduced -1.3k |
| Invesco Ltd. 0.00% of their portfolio | 39.9k $10.0m | Reduced -291 |
| SEI INVESTMENTS CO 0.02% of their portfolio | 39.7k $10.0m | Reduced -2.8k |
| Thematics Asset Management 0.48% of their portfolio | 39.6k $10.0m | Unchanged |
| Handelsinvest Investeringsforvaltning 1.94% of their portfolio | 39.0k $9.8m | Reduced -6.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 36.7k $9.3m | Reduced -2.6k |
| HRT FINANCIAL LP 0.09% of their portfolio | 36.3k $9.1m | Added +13.4k |
| TRUIST FINANCIAL CORP 0.02% of their portfolio | 36.2k $9.1m | Added +21.4k |