SCHEDULE: Vanguard Group Amends Red Rock Resorts Stake to Zero

The Vanguard Group has amended its Schedule 13G filing for Red Rock Resorts Inc., reporting zero beneficial ownership following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 10 to its Schedule 13G for Red Rock Resorts Inc. (CUSIP: 75700L108).
• The filing reports 0 shares beneficially owned by The Vanguard Group, representing 0% of the class of Common Stock.
• This change is a direct result of an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• In accordance with SEC Release No. 34-39538, certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, procedural filing reflecting an internal organizational change at Vanguard, with no direct positive or negative implications for Red Rock Resorts Inc.

Future Outlook

This filing does not contain any forward-looking statements or guidance related to Red Rock Resorts Inc.'s financial performance or strategic direction.

Industry Context

StockSavvy.ai notes that such internal realignments are common for large asset managers like Vanguard and typically do not reflect a change in investment strategy towards the underlying issuer, Red Rock Resorts, but rather a change in reporting structure for compliance purposes.

Stakeholder Impact

• Shareholders of Red Rock Resorts Inc. should note that The Vanguard Group, Inc. itself no longer directly reports beneficial ownership, but its underlying subsidiaries continue to hold and manage shares. This means the overall institutional ownership by Vanguard-affiliated entities likely remains substantial, just disaggregated for reporting purposes.

Key Dates

Recommendation

This filing is a procedural amendment by The Vanguard Group, reflecting an internal organizational realignment rather than a change in investment strategy or a divestment from Red Rock Resorts Inc. It does not provide new information that would warrant a change in investment recommendation for Red Rock Resorts, hence a 'hold' is appropriate as existing investment theses remain unaffected.

Keywords

Red Rock Resorts, Vanguard Group, Schedule 13G, beneficial ownership, SEC filing, institutional ownership, ownership change, internal realignment