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 ($64.3m this quarter). Holder counts are more reliable. Shares outstanding: 1.1bn as of 2025-10-29, 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: 20 managers hold calls ($72.0m notional), 18 hold puts ($42.5m).
Trends to Q3 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 |
| Q3 2025 | 945 |
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 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 |
| Q3 2025 | 534 | 342 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $57.7m | $51.9m | 0.90 |
| Q1 2025 | $79.4m | $42.5m | 0.54 |
| Q2 2025 | $116.8m | $42.2m | 0.36 |
| Q3 2025 | $72.0m | $42.5m | 0.59 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +25.0m |
| UBS Group AG | Added | +4.8m |
| BANK OF AMERICA CORP /DE/ | Added | +4.0m |
| GOLDMAN SACHS GROUP INC | Added | +3.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +3.2m |
| Allianz Asset Management GmbH | Added | +2.9m |
| STATE STREET CORP | Added | +2.8m |
| NORTHERN TRUST CORP | Added | +2.7m |
| HSBC HOLDINGS PLC | Added | +2.4m |
| Man Group plc | Added | +2.3m |
Biggest sellers
| Capital International Investors | Reduced | -42.1m |
| Capital World Investors | Reduced | -18.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -11.7m |
| ROYAL BANK OF CANADA | Reduced | -4.2m |
| COHEN & STEERS, INC. | Reduced | -3.3m |
| Capital Research Global Investors | Reduced | -2.2m |
| Nuveen, LLC | Reduced | -1.2m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Reduced | -987.2k |
| PRUDENTIAL FINANCIAL INC | Reduced | -869.8k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -844.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $14.7m449.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.2m403.9k shares |
| JANE STREET GROUP, LLC | Added | $9.6m292.9k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.5m229.1k shares |
| SIMPLEX TRADING, LLC | Added | $4.9m150.0k shares |
| GROUP ONE TRADING LLC | Reduced | $4.1m124.9k shares |
| WOLVERINE TRADING, LLC | Added | $3.9m118.5k shares |
| Twin Tree Management, LP | Reduced | $3.0m93.2k shares |
| Marex Group Ltd | Reduced | $2.8m85.0k shares |
| IMC-Chicago, LLC | Reduced | $2.4m73.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $12.3m377.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.1m216.6k shares |
| JANE STREET GROUP, LLC | Added | $4.3m130.7k shares |
| CITADEL ADVISORS LLC | Added | $3.9m120.3k shares |
| GROUP ONE TRADING LLC | Added | $3.0m92.8k shares |
| SIMPLEX TRADING, LLC | Added | $2.2m67.8k shares |
| IMC-Chicago, LLC | Added | $2.1m65.5k shares |
| PEAK6 LLC | Unchanged | $2.0m62.6k shares |
| Jefferies Financial Group Inc. | New | $1.8m54.1k shares |
| WOLVERINE TRADING, LLC | Added | $1.4m42.3k 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)
Insider purchases and sales in Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 156.8m $5.1bn | Added +736.2k |
| BlackRock, Inc. 0.07% of their portfolio | 115.1m $3.8bn | Reduced -758.8k |
| STATE STREET CORP 0.07% of their portfolio | 62.5m $2.1bn | Added +2.8m |
| Capital Research Global Investors 0.31% of their portfolio | 51.4m $1.7bn | Reduced -2.2m |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 46.8m $1.5bn | Added +25.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 35.2m $1.2bn | Added +553.2k |
| Allianz Asset Management GmbH 1.12% of their portfolio | 28.0m $912.6m | Added +2.9m |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 26.2m $853.1m | Added +4.0m |
| PRINCIPAL FINANCIAL GROUP INC 0.36% of their portfolio | 21.6m $704.0m | Reduced -844.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 20.4m $663.7m | Added +3.2m |
| Capital International Investors 0.10% of their portfolio | 18.8m $612.2m | Reduced -42.1m |
| COHEN & STEERS, INC. 1.02% of their portfolio | 17.4m $567.2m | Reduced -3.3m |
| NORTHERN TRUST CORP 0.07% of their portfolio | 16.3m $533.1m | Added +2.7m |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 15.0m $489.9m | Added +349.0k |
| Invesco Ltd. 0.07% of their portfolio | 13.9m $454.1m | Reduced -510.4k |
| Legal & General Group Plc 0.10% of their portfolio | 13.4m $435.4m | Added +646.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 13.2m $429.9m | Added +272.6k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.22% of their portfolio | 11.7m $383.1m | Reduced -108.5k |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 10.4m $340.5m | Added +2.0m |
| UBS Group AG 0.06% of their portfolio | 9.7m $314.9m | Added +4.8m |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 9.4m $307.7m | Added +394.2k |
| MORGAN STANLEY 0.02% of their portfolio | 9.1m $296.0m | Added +637.2k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 8.9m $291.5m | Added +3.2m |
| Nuveen, LLC 0.07% of their portfolio | 8.3m $270.9m | Reduced -1.2m |
| Capital World Investors 0.04% of their portfolio | 8.0m $260.1m | Reduced -18.7m |
| HSBC HOLDINGS PLC 0.15% of their portfolio | 7.8m $254.6m | Added +2.4m |
| AMERICAN CENTURY COMPANIES INC 0.12% of their portfolio | 7.1m $231.0m | Reduced -312.2k |
| CIBC Private Wealth Group LLC 0.37% of their portfolio | 6.6m $216.8m | Reduced -105.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 6.4m $208.9m | Reduced -81.0k |
| Cullen Capital Management, LLC 2.26% of their portfolio | 6.3m $206.3m | Reduced -99.2k |
| BARCLAYS PLC 0.07% of their portfolio | 5.7m $185.4m | Added +2.0m |
| Man Group plc 0.36% of their portfolio | 5.7m $185.4m | Added +2.3m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.63% of their portfolio | 5.7m $184.5m | Added +68.4k |
| Russell Investments Group, Ltd. 0.21% of their portfolio | 5.6m $182.9m | Added +1.2m |
| Bank of New York Mellon Corp 0.03% of their portfolio | 5.5m $179.9m | Reduced -131.6k |
| Swedbank AB 0.16% of their portfolio | 4.9m $159.0m | Added +188.7k |
| MACQUARIE GROUP LTD 0.18% of their portfolio | 4.7m $154.8m | Added +311.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 4.7m $154.8m | Reduced -46.2k |
| Bahl & Gaynor LLC 0.77% of their portfolio | 4.7m $154.1m | Added +1.7m |
| FMR LLC 0.01% of their portfolio | 4.6m $150.9m | Reduced -8.9k |
| Boston Partners 0.15% of their portfolio | 4.6m $150.2m | Added +89.3k |
| Daiwa Securities Group Inc. 0.50% of their portfolio | 4.6m $148.8m | Added +118.4k |
| Amundi 0.05% of their portfolio | 4.4m $140.9m | Added +326.2k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 1.41% of their portfolio | 4.3m $140.2m | Added +72.7k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 4.2m $136.7m | Reduced -4.2m |
| CI INVESTMENTS INC. 0.45% of their portfolio | 3.8m $124.0m | Reduced -101.3k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.73% of their portfolio | 3.5m $113.1m | Added +81.3k |
| California Public Employees Retirement System 0.07% of their portfolio | 3.5m $112.7m | Added +1.1m |
| APG Asset Management US Inc. 0.84% of their portfolio | 3.5m $113.6m | Unchanged |
| HighTower Advisors, LLC 0.12% of their portfolio | 3.3m $106.2m | Added +1.1m |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 3.2m $105.9m | Reduced -419.4k |
| MACKENZIE FINANCIAL CORP 0.13% of their portfolio | 3.2m $105.2m | Reduced -27.0k |
| CITIGROUP INC 0.07% of their portfolio | 3.1m $102.3m | Added +1.7m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 3.1m $100.3m | Added +1.8m |
| Swiss National Bank 0.06% of their portfolio | 3.0m $99.3m | Reduced -152.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 2.9m $95.1m | Added +140.1k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 2.8m $92.5m | Added +24.7k |
| Gates Capital Management, Inc. 2.69% of their portfolio | 2.7m $87.0m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 2.6m $84.1m | Added +211.6k |
| Robeco Institutional Asset Management B.V. 0.12% of their portfolio | 2.6m $84.2m | Added +478.5k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 2.4m $77.5m | Added +2.0m |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 2.3m $76.4m | Added +837.3k |
| ASSETMARK, INC 0.16% of their portfolio | 2.3m $74.4m | Added +32.8k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 2.3m $74.3m | Added +111.1k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 2.3m $73.5m | Added +530.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.25% of their portfolio | 2.2m $73.1m | Added +440.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 2.2m $72.4m | Reduced -161.2k |
| DANSKE BANK A/S 0.18% of their portfolio | 2.2m $72.2m | Reduced -399.1k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 2.84% of their portfolio | 2.2m $72.2m | Reduced -140.2k |
| National Pension Service 0.06% of their portfolio | 2.2m $72.1m | Added +174.5k |
| Asset Management One Co., Ltd. 0.20% of their portfolio | 2.1m $68.1m | Reduced -10.3k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 2.0m $66.7m | Reduced -40.7k |
| MILLER HOWARD INVESTMENTS INC /NY 2.01% of their portfolio | 2.0m $66.0m | Added +2.5k |
| Epoch Investment Partners, Inc. 0.36% of their portfolio | 2.0m $65.5m | Reduced -271.3k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 2.0m $64.4m | Added +41.7k |
| NOMURA ASSET MANAGEMENT CO LTD 0.16% of their portfolio | 1.9m $62.3m | Added +53.5k |
| Baird Financial Group, Inc. 0.10% of their portfolio | 1.9m $61.6m | Added +96.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 1.8m $58.2m | Reduced -5.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 1.6m $53.4m | Reduced -173.3k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 1.6m $51.4m | Added +834.1k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 1.5m $50.2m | Added +158.6k |
| Adelante Capital Management LLC 3.32% of their portfolio | 1.5m $49.6m | Reduced -110.5k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 1.5m $49.4m | Added +1.3m |
| NewEdge Wealth, LLC 0.63% of their portfolio | 1.5m $44.0m | Added +481.1k |
| Sequoia Financial Advisors, LLC 0.29% of their portfolio | 1.5m $47.4m | Added +19.2k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 1.5m $47.4m | Reduced -37.2k |
| Jefferies Financial Group Inc. 0.41% of their portfolio | 1.4m $44.9m | Reduced -346.3k |
| Aberdeen Group plc 0.07% of their portfolio | 1.4m $44.3m | Added +207.2k |
| FEDERATED HERMES, INC. 0.08% of their portfolio | 1.4m $44.8m | Added +393.1k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 1.4m $44.3m | Reduced -249.3k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 1.3m $41.6m | New |
| PINEBRIDGE INVESTMENTS, L.P. 0.29% of their portfolio | 1.2m $39.6m | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.07% of their portfolio | 1.2m $39.5m | Reduced -15.6k |
| LPL Financial LLC 0.01% of their portfolio | 1.2m $39.3m | Reduced -23.5k |
| NATIXIS 0.21% of their portfolio | 1.2m $38.8m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio | 1.2m $38.7m | Added +307.4k |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 1.1m $34.8m | Reduced -1.9k |
| Focus Partners Wealth 0.06% of their portfolio | 1.1m $34.4m | Added +386.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 1.0m $34.2m | Added +902.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 1.0m $33.4m | Added +98.1k |