VICI PPTYS INC VICI
COM · REIT · CUSIP 925652109 · ISIN US9256521090
Real estate investment trust specializing in casino properties
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersNew York, NY
- Founded2017
- Websiteviciproperties.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 ($72.4m this quarter). Holder counts are more reliable. Shares outstanding: 1.1bn as of 2025-07-29, 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 ≈ $32.64. Options: 23 managers hold calls ($116.8m notional), 19 hold puts ($42.2m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 654 |
| Q4 2022 | 728 |
| Q1 2023 | 723 |
| Q2 2023 | 737 |
| Q3 2023 | 724 |
| Q4 2023 | 767 |
| Q1 2024 | 754 |
| Q2 2024 | 775 |
| Q3 2024 | 813 |
| Q4 2024 | 834 |
| Q1 2025 | 875 |
| Q2 2025 | 888 |
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 | 354 | 343 |
| Q4 2023 | 385 | 339 |
| Q1 2024 | 398 | 343 |
| Q2 2024 | 420 | 320 |
| Q3 2024 | 439 | 334 |
| Q4 2024 | 422 | 365 |
| Q1 2025 | 523 | 324 |
| Q2 2025 | 502 | 338 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $74.8m | $82.3m | 1.10 |
| Q4 2024 | $57.7m | $51.9m | 0.90 |
| Q1 2025 | $79.4m | $42.5m | 0.54 |
| Q2 2025 | $116.8m | $42.2m | 0.36 |
Biggest buyers
| BlackRock, Inc. | Added | +5.4m |
| ROYAL BANK OF CANADA | Added | +4.7m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +3.1m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +2.3m |
| JPMORGAN CHASE & CO | Added | +2.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.9m |
| VANGUARD GROUP INC | Added | +1.8m |
| VIRGINIA RETIREMENT SYSTEMS ET Al | Added | +1.8m |
| Allianz Asset Management GmbH | Added | +1.8m |
| BARCLAYS PLC | Added | +1.7m |
Biggest sellers
| COHEN & STEERS, INC. | Reduced | -9.5m |
| Capital Research Global Investors | Reduced | -6.1m |
| Daiwa Securities Group Inc. | Reduced | -1.7m |
| Boston Partners | Reduced | -1.6m |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -1.3m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.1m |
| Hudson Bay Capital Management LP | Sold out | -1.1m |
| Jefferies Financial Group Inc. | Reduced | -1.0m |
| SEI INVESTMENTS CO | Reduced | -982.8k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -857.5k |
Biggest calls
| ROYAL BANK OF CANADA | New | $22.4m687.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $17.2m526.5k shares |
| CITADEL ADVISORS LLC | Added | $15.0m460.7k shares |
| GARDA CAPITAL PARTNERS LP | Unchanged | $10.8m330.5k shares |
| BARCLAYS PLC | New | $6.5m199.9k shares |
| JANE STREET GROUP, LLC | Added | $6.4m195.3k shares |
| GROUP ONE TRADING LLC | Added | $5.5m168.4k shares |
| Twin Tree Management, LP | New | $5.1m157.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $4.4m136.2k shares |
| IMC-Chicago, LLC | Added | $4.2m127.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.6m447.5k shares |
| GARDA CAPITAL PARTNERS LP | Unchanged | $10.8m332.5k shares |
| BERKLEY W R CORP | New | $3.4m104.4k shares |
| CITADEL ADVISORS LLC | Added | $3.4m103.6k shares |
| GROUP ONE TRADING LLC | Added | $2.8m86.8k shares |
| PEAK6 LLC | Added | $2.0m62.6k shares |
| WOLVERINE TRADING, LLC | Added | $974.9k30.2k shares |
| IMC-Chicago, LLC | Added | $733.5k22.5k shares |
| MILLENNIUM MANAGEMENT LLC | New | $541.2k16.6k shares |
| Maven Securities LTD | Reduced | $446.6k13.7k 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 |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.9% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), Capital Research Global Investors (4.8%, 2025-11-13), Capital International Investors (1.8%, 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 | 1 | $288.1k | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $420.1k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 156.0m $5.1bn | Added +1.8m |
| BlackRock, Inc. 0.07% of their portfolio | 115.8m $3.8bn | Added +5.4m |
| Capital International Investors 0.34% of their portfolio | 60.9m $2.0bn | Reduced -165.4k |
| STATE STREET CORP 0.07% of their portfolio | 59.7m $2.0bn | Added +1.2m |
| Capital Research Global Investors 0.35% of their portfolio | 53.5m $1.7bn | Reduced -6.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 34.6m $1.1bn | Added +2.3m |
| Capital World Investors 0.13% of their portfolio | 26.7m $869.0m | Added +175.2k |
| Allianz Asset Management GmbH 1.09% of their portfolio | 25.0m $816.6m | Added +1.8m |
| PRINCIPAL FINANCIAL GROUP INC 0.39% of their portfolio | 22.4m $731.3m | Reduced -1.3m |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 22.2m $723.5m | Reduced -1.1m |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 21.8m $711.0m | Added +2.2m |
| COHEN & STEERS, INC. 1.23% of their portfolio | 20.7m $673.3m | Reduced -9.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 17.2m $559.4m | Added +113.0k |
| NORGES BANK 0.06% of their portfolio | 14.9m $486.9m | Reduced -113.3k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 14.7m $478.4m | Added +183.0k |
| Invesco Ltd. 0.08% of their portfolio | 14.4m $470.6m | Added +944.9k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 13.7m $446.3m | Reduced -51.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 12.9m $420.9m | Added +566.7k |
| Legal & General Group Plc 0.10% of their portfolio | 12.7m $414.2m | Added +199.8k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.30% of their portfolio | 11.9m $386.5m | Reduced -28.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 11.8m $383.6m | Added +1.9m |
| Nuveen, LLC 0.09% of their portfolio | 9.5m $310.6m | Reduced -286.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 9.0m $294.7m | Added +65.7k |
| MORGAN STANLEY 0.02% of their portfolio | 8.4m $275.1m | Reduced -362.4k |
| DEUTSCHE BANK AG\ 0.10% of their portfolio | 8.4m $274.6m | Added +1.0m |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 8.3m $272.1m | Added +4.7m |
| AMERICAN CENTURY COMPANIES INC 0.13% of their portfolio | 7.4m $241.1m | Reduced -857.5k |
| CIBC Private Wealth Group LLC 0.39% of their portfolio | 6.8m $220.2m | Reduced -3.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 6.5m $211.5m | Added +309.5k |
| Cullen Capital Management, LLC 2.39% of their portfolio | 6.4m $209.5m | Reduced -33.8k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 5.7m $186.9m | Added +533.7k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 5.6m $184.1m | Reduced -20.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.76% of their portfolio | 5.6m $182.2m | Added +3.1m |
| HSBC HOLDINGS PLC 0.11% of their portfolio | 5.4m $175.6m | Reduced -211.9k |
| UBS Group AG 0.03% of their portfolio | 4.8m $157.8m | Added +1.6m |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 4.8m $156.3m | Reduced -178.4k |
| Swedbank AB 0.17% of their portfolio | 4.7m $152.8m | First filing |
| FMR LLC 0.01% of their portfolio | 4.6m $151.1m | Reduced -571.9k |
| Boston Partners 0.16% of their portfolio | 4.5m $147.3m | Reduced -1.6m |
| Daiwa Securities Group Inc. 0.53% of their portfolio | 4.4m $144.9m | Reduced -1.7m |
| MACQUARIE GROUP LTD 0.18% of their portfolio | 4.4m $144.6m | Reduced -314.4k |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 4.4m $142.5m | Added +365.6k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 1.43% of their portfolio | 4.2m $137.8m | Added +284.8k |
| Amundi 0.05% of their portfolio | 4.0m $134.7m | Added +1.5m |
| CI INVESTMENTS INC. 0.48% of their portfolio | 3.9m $127.3m | Reduced -97.8k |
| BARCLAYS PLC 0.05% of their portfolio | 3.7m $120.4m | Added +1.7m |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 3.7m $119.5m | Reduced -5.1k |
| APG Asset Management US Inc. 0.85% of their portfolio | 3.5m $113.8m | Unchanged |
| Man Group plc 0.24% of their portfolio | 3.4m $110.5m | Reduced -645.8k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.76% of their portfolio | 3.4m $110.4m | Added +1.8m |
| MACKENZIE FINANCIAL CORP 0.14% of their portfolio | 3.3m $106.0m | Reduced -263.4k |
| Swiss National Bank 0.06% of their portfolio | 3.2m $104.3m | Added +225.6k |
| Bahl & Gaynor LLC 0.50% of their portfolio | 3.1m $99.5m | Reduced -3.3k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 2.8m $91.7m | Reduced -180.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 2.8m $90.5m | Added +126.7k |
| Gates Capital Management, Inc. 2.63% of their portfolio | 2.7m $87.0m | Unchanged |
| DANSKE BANK A/S 0.21% of their portfolio | 2.6m $85.2m | Added +451.0k |
| California Public Employees Retirement System 0.05% of their portfolio | 2.4m $78.3m | Reduced -125.3k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 2.4m $76.7m | Reduced -327.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 2.4m $77.6m | Added +122.8k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 3.14% of their portfolio | 2.4m $76.8m | Reduced -180.2k |
| Epoch Investment Partners, Inc. 0.38% of their portfolio | 2.3m $74.4m | Reduced -119.1k |
| ASSETMARK, INC 0.17% of their portfolio | 2.3m $73.4m | Added +187.0k |
| HighTower Advisors, LLC 0.09% of their portfolio | 2.2m $71.4m | Added +176.6k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 2.2m $70.6m | Added +689.8k |
| Robeco Institutional Asset Management B.V. 0.11% of their portfolio | 2.1m $68.6m | Added +174.3k |
| Asset Management One Co., Ltd. 0.21% of their portfolio | 2.1m $68.5m | Added +3.2k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 2.1m $68.1m | Added +28.8k |
| National Pension Service 0.06% of their portfolio | 2.0m $66.4m | Added +11.7k |
| MILLER HOWARD INVESTMENTS INC /NY 2.09% of their portfolio | 2.0m $65.9m | Added +5.0k |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 1.9m $63.2m | Added +438.3k |
| NOMURA ASSET MANAGEMENT CO LTD 0.17% of their portfolio | 1.9m $60.5m | Added +70.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 1.8m $59.0m | Reduced -128.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.22% of their portfolio | 1.8m $58.7m | Added +233.1k |
| Baird Financial Group, Inc. 0.10% of their portfolio | 1.8m $58.5m | Added +124.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 1.8m $58.4m | Added +26.7k |
| Jefferies Financial Group Inc. 0.93% of their portfolio | 1.7m $56.2m | Reduced -1.0m |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.7m $56.2m | Reduced -18.4k |
| PRUDENTIAL FINANCIAL INC 0.07% of their portfolio | 1.7m $55.7m | Reduced -12.4k |
| Adelante Capital Management LLC 3.92% of their portfolio | 1.6m $53.2m | Added +207.1k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 1.6m $52.5m | Reduced -982.8k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 1.5m $49.0m | Added +361.2k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 1.5m $48.6m | Added +277.2k |
| CITIGROUP INC 0.03% of their portfolio | 1.4m $47.1m | Added +94.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.11% of their portfolio | 1.4m $46.9m | Added +897.2k |
| Sequoia Financial Advisors, LLC 0.32% of their portfolio | 1.4m $46.8m | Added +34.4k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 1.4m $44.5m | Reduced -98.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 1.3m $42.8m | Added +135.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio | 1.3m $43.0m | Added +1.0m |
| STRS OHIO 0.16% of their portfolio | 1.3m $41.9m | Reduced -67.7k |
| Heitman Real Estate Securities LLC 2.96% of their portfolio | 1.3m $41.7m | Added +237.9k |
| LPL Financial LLC 0.01% of their portfolio | 1.2m $40.0m | Added +65.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.07% of their portfolio | 1.2m $40.0m | Reduced -47.6k |
| Aberdeen Group plc 0.06% of their portfolio | 1.2m $37.5m | Added +71.8k |
| Rockefeller Capital Management L.P. 0.05% of their portfolio | 1.2m $39.5m | Added +570.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 1.1m $35.3m | Reduced -129.3k |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 1.1m $34.8m | Added +42.6k |
| Fidelity National Financial, Inc. 0.82% of their portfolio | 1.0m $32.6m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 989.9k $32.3m | Added +31.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio | 987.6k $32.2m | Added +11.3k |