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 ($99.8m 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 ≈ $28.20. Options: 17 managers hold calls ($50.6m notional), 18 hold puts ($46.5m).
Trends to Q4 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 |
| Q4 2025 | 938 |
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 | 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 |
| Q4 2025 | 456 | 482 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $79.4m | $42.5m | 0.54 |
| Q2 2025 | $116.8m | $42.2m | 0.36 |
| Q3 2025 | $72.0m | $42.5m | 0.59 |
| Q4 2025 | $50.6m | $46.5m | 0.92 |
Biggest buyers
| BlackRock, Inc. | Added | +11.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +10.2m |
| HSBC HOLDINGS PLC | Added | +9.1m |
| Man Group plc | Added | +5.7m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +5.6m |
| Qube Research & Technologies Ltd | Added | +4.9m |
| D. E. Shaw & Co., Inc. | Added | +4.6m |
| JUPITER ASSET MANAGEMENT LTD | Added | +4.3m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +3.0m |
| FMR LLC | Added | +2.6m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -25.6m |
| Capital Research Global Investors | Reduced | -24.5m |
| Capital International Investors | Sold out | -18.8m |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -13.8m |
| COHEN & STEERS, INC. | Reduced | -13.7m |
| DEUTSCHE BANK AG\ | Reduced | -7.5m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -4.6m |
| Daiwa Securities Group Inc. | Reduced | -3.8m |
| MACQUARIE GROUP LTD | Reduced | -3.5m |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -3.4m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.5m444.9k shares |
| CITADEL ADVISORS LLC | Reduced | $8.5m300.7k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $5.8m207.4k shares |
| SIMPLEX TRADING, LLC | Added | $4.9m173.8k shares |
| JANE STREET GROUP, LLC | Reduced | $4.5m159.2k shares |
| GROUP ONE TRADING LLC | Added | $4.3m153.9k shares |
| IMC-Chicago, LLC | Added | $3.6m129.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.4m85.1k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $1.0m36.9k shares |
| Point72 Asset Management, L.P. | New | $843.6k30.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $18.2m646.8k shares |
| CITADEL ADVISORS LLC | Added | $6.8m242.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $4.1m147.5k shares |
| JANE STREET GROUP, LLC | Reduced | $3.5m125.0k shares |
| IMC-Chicago, LLC | Added | $3.1m111.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.4m86.4k shares |
| J. Goldman & Co LP | New | $1.9m69.1k shares |
| Jefferies Financial Group Inc. | Unchanged | $1.5m54.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.3m47.3k shares |
| GROUP ONE TRADING LLC | Reduced | $1.2m43.7k 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 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 | 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 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 158.5m $4.5bn | Added +1.7m |
| BlackRock, Inc. 0.06% of their portfolio | 126.4m $3.6bn | Added +11.4m |
| STATE STREET CORP 0.06% of their portfolio | 63.6m $1.8bn | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 36.2m $1.0bn | Added +1.0m |
| Allianz Asset Management GmbH 0.97% of their portfolio | 30.3m $851.8m | Added +2.3m |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 27.2m $765.3m | Added +1.1m |
| Capital Research Global Investors 0.14% of their portfolio | 26.9m $755.1m | Reduced -24.5m |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 21.2m $597.4m | Reduced -25.6m |
| NORGES BANK 0.06% of their portfolio | 19.1m $537.7m | Not comparable |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 19.0m $534.4m | Reduced -1.3m |
| HSBC HOLDINGS PLC 0.13% of their portfolio | 16.9m $474.4m | Added +9.1m |
| NORTHERN TRUST CORP 0.06% of their portfolio | 15.5m $436.6m | Reduced -822.4k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 15.1m $425.0m | Added +90.4k |
| Invesco Ltd. 0.04% of their portfolio | 14.7m $413.2m | Added +767.9k |
| Legal & General Group Plc 0.09% of their portfolio | 14.1m $395.5m | Added +712.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 13.9m $391.5m | Added +739.3k |
| Man Group plc 0.61% of their portfolio | 11.4m $320.8m | Added +5.7m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.00% of their portfolio | 10.7m $301.0m | Reduced -1.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 10.2m $287.3m | Added +10.2m |
| MORGAN STANLEY 0.02% of their portfolio | 9.5m $265.8m | Added +373.7k |
| Nuveen, LLC 0.06% of their portfolio | 8.4m $237.5m | Added +136.8k |
| Capital World Investors 0.03% of their portfolio | 8.0m $224.6m | Added +11.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.77% of their portfolio | 7.8m $219.1m | Added +5.6m |
| PRINCIPAL FINANCIAL GROUP INC 0.11% of their portfolio | 7.7m $217.9m | Reduced -13.8m |
| UBS Group AG 0.04% of their portfolio | 7.4m $209.4m | Reduced -2.2m |
| FMR LLC 0.01% of their portfolio | 7.2m $202.5m | Added +2.6m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.92% of their portfolio | 7.1m $198.6m | Added +1.4m |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 6.7m $187.2m | Reduced -2.3m |
| Amundi 0.05% of their portfolio | 6.2m $173.4m | Added +1.8m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 6.1m $172.5m | Reduced -269.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.11% of their portfolio | 6.1m $170.9m | Added +3.0m |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 6.0m $168.4m | Reduced -3.4m |
| BARCLAYS PLC 0.07% of their portfolio | 6.0m $167.6m | Added +272.1k |
| CIBC Private Wealth Group LLC 0.28% of their portfolio | 5.9m $165.9m | Reduced -748.3k |
| Cullen Capital Management, LLC 1.75% of their portfolio | 5.7m $160.0m | Reduced -638.8k |
| Swedbank AB 0.15% of their portfolio | 5.5m $154.8m | Added +629.7k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 5.5m $153.3m | Reduced -63.8k |
| Qube Research & Technologies Ltd 0.21% of their portfolio | 5.3m $148.9m | Added +4.9m |
| Robeco Institutional Asset Management B.V. 0.20% of their portfolio | 5.0m $141.0m | Added +2.4m |
| D. E. Shaw & Co., Inc. 0.11% of their portfolio | 4.9m $138.1m | Added +4.6m |
| Bahl & Gaynor LLC 0.68% of their portfolio | 4.8m $133.8m | Added +33.7k |
| JUPITER ASSET MANAGEMENT LTD 1.02% of their portfolio | 4.5m $127.8m | Added +4.3m |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 4.4m $125.1m | Reduced -298.9k |
| Boston Partners 0.13% of their portfolio | 4.4m $124.4m | Reduced -184.7k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 1.16% of their portfolio | 4.2m $117.4m | Reduced -126.2k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.17% of their portfolio | 4.1m $114.2m | First filing |
| CI INVESTMENTS INC. 0.46% of their portfolio | 3.8m $106.0m | Reduced -33.0k |
| COHEN & STEERS, INC. 0.19% of their portfolio | 3.7m $103.2m | Reduced -13.7m |
| Gates Capital Management, Inc. 3.34% of their portfolio | 3.4m $95.9m | Added +740.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 3.4m $95.4m | Added +1.8m |
| HighTower Advisors, LLC 0.10% of their portfolio | 3.3m $93.9m | Added +80.9k |
| APG Asset Management US Inc. 0.72% of their portfolio | 3.3m $91.9m | Reduced -181.7k |
| Russell Investments Group, Ltd. 0.10% of their portfolio | 3.2m $88.8m | Reduced -2.5m |
| PFA Pension, Forsikringsaktieselskab 0.25% of their portfolio | 3.1m $88.7m | First filing |
| California Public Employees Retirement System 0.05% of their portfolio | 3.1m $86.9m | Reduced -365.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 3.1m $86.7m | Added +165.5k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 2.9m $81.9m | Added +321.3k |
| Swiss National Bank 0.05% of their portfolio | 2.9m $82.2m | Reduced -124.0k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 2.9m $81.4m | Reduced -7.5m |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 2.9m $80.4m | Added +2.2m |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 2.8m $77.7m | Reduced -72.9k |
| MARSHALL WACE, LLP 0.07% of their portfolio | 2.8m $77.5m | Added +1.2m |
| RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio | 2.7m $76.7m | Added +1.7m |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 2.7m $75.1m | Added +394.0k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 2.6m $72.9m | Added +2.1m |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 2.6m $72.5m | Reduced -666.8k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 2.6m $72.4m | Added +197.0k |
| National Pension Service 0.05% of their portfolio | 2.6m $72.2m | Added +357.2k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 2.5m $71.1m | Added +989.5k |
| Jefferies Financial Group Inc. 0.57% of their portfolio | 2.5m $69.2m | Added +1.1m |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 2.4m $68.4m | Reduced -4.6m |
| NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio | 2.3m $65.7m | Added +2.0m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% of their portfolio | 2.3m $65.1m | Added +1.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 2.3m $64.6m | Added +76.8k |
| MACKENZIE FINANCIAL CORP 0.08% of their portfolio | 2.3m $63.7m | Reduced -974.4k |
| ASSETMARK, INC 0.13% of their portfolio | 2.2m $63.1m | Reduced -39.3k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 2.2m $63.0m | Reduced -101.2k |
| DANSKE BANK A/S 0.14% of their portfolio | 2.2m $61.6m | Reduced -25.4k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.36% of their portfolio | 2.2m $60.6m | Reduced -1.3m |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 2.1m $60.2m | Added +164.0k |
| Epoch Investment Partners, Inc. 0.34% of their portfolio | 2.1m $59.3m | Added +99.4k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 2.1m $58.8m | Reduced -161.6k |
| Asset Management One Co., Ltd. 0.16% of their portfolio | 2.1m $58.6m | Reduced -17.9k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 2.0m $56.8m | Reduced -25.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.14% of their portfolio | 2.0m $55.9m | Added +79.4k |
| Point72 Asset Management, L.P. 0.09% of their portfolio | 2.0m $55.3m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 1.9m $53.1m | Added +101.2k |
| CITIGROUP INC 0.04% of their portfolio | 1.8m $52.0m | Reduced -1.3m |
| Squarepoint Ops LLC 0.10% of their portfolio | 1.8m $51.6m | Added +1.6m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.8m $50.8m | Reduced -2.4m |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 1.95% of their portfolio | 1.7m $48.7m | Reduced -481.8k |
| CAPTRUST FINANCIAL ADVISORS 0.09% of their portfolio | 1.6m $46.2m | Added +1.6m |
| Schonfeld Strategic Advisors LLC 0.23% of their portfolio | 1.6m $45.4m | New |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.18% of their portfolio | 1.6m $45.2m | New |
| PINEBRIDGE INVESTMENTS LLC 0.33% of their portfolio | 1.6m $44.7m | First filing |
| MILLER HOWARD INVESTMENTS INC /NY 1.34% of their portfolio | 1.6m $44.4m | Reduced -445.2k |
| Public Sector Pension Investment Board 0.14% of their portfolio | 1.5m $42.5m | Added +1.3m |
| Aberdeen Group plc 0.07% of their portfolio | 1.5m $42.1m | Added +124.3k |
| Adelante Capital Management LLC 2.82% of their portfolio | 1.5m $41.9m | Reduced -31.0k |
| LPL Financial LLC 0.01% of their portfolio | 1.5m $41.5m | Added +272.5k |