SCHEDULE: Vanguard Discloses MGM Resorts Stake

Vanguard Capital Management reports beneficial ownership of over 13.7 million shares, representing 5.37% of MGM Resorts International's common stock as of March 31, 2026.

Summary

• Vanguard Capital Management, along with its affiliates, has filed a Schedule 13G indicating beneficial ownership of 13,746,684 shares of MGM Resorts International common stock.
• This holding represents 5.37% of the class of securities.
• The filing specifies sole voting power for 1,660,601 shares and sole dispositive power for all 13,746,684 shares.
• The reporting entity is identified as an investment adviser and includes various Vanguard entities and funds.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership by a major institutional investor and does not provide new operational or financial information about MGM Resorts.

Positives

• Vanguard's significant stake suggests confidence in MGM Resorts' long-term prospects.
• The filing indicates that the shares are held in the ordinary course of business, implying a stable, long-term investment strategy rather than a short-term activist play.

Negatives

• The filing is a routine disclosure of beneficial ownership and does not contain negative financial or operational information about MGM Resorts itself.

Risks

• The primary risk associated with this filing is the potential for Vanguard to alter its holdings, which could impact MGM Resorts' stock price.
• As a large institutional holder, Vanguard's investment decisions are subject to market conditions and fund performance, which could lead to changes in their stake.

Future Outlook

This filing is a disclosure of current holdings and does not contain forward-looking statements or guidance from MGM Resorts International.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd."
• "This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power."
• "This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Vanguard's filing as a significant institutional holder of MGM Resorts International is typical for a company of its size and market position within the hospitality and gaming industry. Such filings often indicate stable, long-term investment by major asset managers.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional investor's stake, which can be seen as a sign of stability, but also implies potential for future trading activity that could influence share price.
• Creditors: No direct impact is indicated, as the filing pertains to equity ownership.
• Employees and Customers: No direct impact is indicated by this ownership disclosure.

Next Steps

• Vanguard will continue to hold or adjust its position in MGM Resorts International based on its investment strategies and market conditions.
• MGM Resorts International will continue its operations and financial reporting as usual.

Key Dates

Keywords

MGM Resorts International, Vanguard Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Vanguard Funds