SCHEDULE: Davis Selected Advisers Discloses 9.6% Stake in MGM Resorts

Davis Selected Advisers has reported a 9.6% beneficial ownership stake in MGM Resorts International common stock as of September 30, 2025.

Summary

• Davis Selected Advisers, an investment adviser based in Colorado, has filed an Amendment No. 4 to Schedule 13G.
• The filing discloses beneficial ownership of 23,953,452 shares of Common Stock in MGM Resorts International.
• This aggregate amount represents 9.6% of the class of securities.
• Davis Selected Advisers holds sole voting power over 23,224,456 shares.
• Davis Selected Advisers holds sole dispositive power over 23,953,452 shares.
• The filing indicates the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership. While a large stake can be seen as a positive signal, the document itself does not convey sentiment regarding the issuer's performance.

Positives

• The disclosure of a significant 9.6% stake by an investment adviser like Davis Selected Advisers could be interpreted by the market as a vote of confidence in MGM Resorts International's long-term prospects.

Negatives

• This Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently contain negative information regarding the issuer's performance or outlook.

Risks

• This Schedule 13G filing primarily reports beneficial ownership and does not detail specific risks related to MGM Resorts International's operations or financial health. Risks would typically be found in other SEC filings like 10-K or 10-Q.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding MGM Resorts International's future performance or outlook.

Industry Context

This filing reflects an institutional investor's position in a major player within the global gaming and hospitality industry. Large institutional holdings are common in this sector, and changes can sometimes signal broader investor sentiment towards the industry or specific companies.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake provides transparency regarding the ownership structure of MGM Resorts International, which can influence investor perception and confidence.

Key Dates

Keywords

MGM Resorts International, Davis Selected Advisers, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Investment Adviser, Gaming, Hospitality