Vail Resorts, Inc.
MX ˙ BMV ˙ US91879Q1094
SecurityMX:MTN / Vail Resorts, Inc.
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership1,687,001 shares
Latest Disclosed Value $ 216,783,609
Geode Capital Management, Llc reports 140.72% increase in ownership of MTN / Vail Resorts, Inc.

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 1,687,001 shares of Vail Resorts, Inc. (MX:MTN) valued at $216,783,609 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 700,826 shares of Vail Resorts, Inc.. This represents a change in shares of 140.72% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F VAIL RESORTS COM 91879Q109 1,687,001 986,175 140.72 216,784 132.88 0.0072
2026-02-09 2025-12-31 13F VAIL RESORTS COM 91879Q109 700,826 -9,627 -1.36 93,089 -12.41 0.0057
2025-11-12 2025-09-30 13F VAIL RESORTS COM 91879Q109 710,453 18,986 2.75 106,282 -2.20 0.0068
2025-08-08 2025-06-30 13F VAIL RESORTS COM 91879Q109 691,467 2,274 0.33 108,668 -1.50 0.0076
2025-05-13 2025-03-31 13F VAIL RESORTS COM 91879Q109 689,193 42,823 6.63 110,317 -8.98 0.0087
2025-02-12 2024-12-31 13F VAIL RESORTS COM 91879Q109 646,370 -3,254 -0.50 121,199 7.02 0.0094
2024-11-12 2024-09-30 13F VAIL RESORTS COM 91879Q109 649,624 8,422 1.31 113,252 -1.97 0.0092
2024-08-09 2024-06-30 13F VAIL RESORTS COM 91879Q109 641,202 16,727 2.68 115,530 -16.84 0.0101
2024-05-13 2024-03-31 13F VAIL RESORTS COM 91879Q109 624,475 25,046 4.18 138,921 8.75 0.0128
2024-02-13 2023-12-31 13F VAIL RESORTS COM 91879Q109 599,429 10,617 1.80 127,748 -2.09 0.0134
2023-11-13 2023-09-30 13F VAIL RESORTS COM 91879Q109 588,812 7,730 1.33 130,475 -10.66 0.0155
2023-08-11 2023-06-30 13F VAIL RESORTS COM 91879Q109 581,082 16,525 2.93 146,050 10.87 0.0172
2023-05-15 2023-03-31 13F VAIL RESORTS COM 91879Q109 564,557 20,408 3.75 131,727 102,013.95 0.0171
2023-02-13 2022-12-31 13F VAIL RESORTS COM 91879Q109 544,149 30,114 5.86 130 -99.88 0.0182
2022-11-14 2022-09-30 13F VAIL RESORTS COM 91879Q109 514,035 3,129 0.61 110,758 -0.46 0.0168
2022-08-12 2022-06-30 13F VAIL RESORTS COM 91879Q109 510,906 -100 -0.02 111,267 -16.21 0.0163
2022-05-13 2022-03-31 13F VAIL RESORTS COM 91879Q109 511,006 10,826 2.16 132,793 -18.94 0.0166
2022-02-11 2021-12-31 13F VAIL RESORTS COM 91879Q109 500,180 20,096 4.19 163,812 2.31 0.0197
2021-11-12 2021-09-30 13F VAIL RESORTS COM 91879Q109 480,084 2,539 0.53 160,112 6.10 0.0216
2021-08-13 2021-06-30 13F VAIL RESORTS COM 91879Q109 477,545 -72,347 -13.16 150,911 -5.82 0.0208
2021-05-12 2021-03-31 13F VAIL RESORTS COM 91879Q109 549,892 -20,781 -3.64 160,244 0.74 0.0245
2021-02-12 2020-12-31 13F VAIL RESORTS COM 91879Q109 570,673 114,558 25.12 159,064 63.13 0.0267
2020-11-13 2020-09-30 13F VAIL RESORTS COM 91879Q109 456,115 -3,917 -0.85 97,506 16.46 0.0191
2020-08-13 2020-06-30 13F VAIL RESORTS COM 91879Q109 460,032 -45,066 -8.92 83,725 12.31 0.0179
2020-05-14 2020-03-31 13F VAIL RESORTS COM 91879Q109 505,098 49,642 10.90 74,548 -31.69 0.0194
2020-02-20 2019-12-31 13F/A-1 VAIL RESORTS COM 91879Q109 455,456 22,335 5.16 109,133 10.80 0.0228
2020-02-13 2019-12-31 13F VAIL RESORTS COM 91879Q109 455,456 22,335 109,133 13,908.0440
2019-11-12 2019-09-30 13F VAIL RESORTS COM 91879Q109 433,121 6,634 1.56 98,492 3.55 0.0230
2019-08-14 2019-06-30 13F VAIL RESORTS COM 91879Q109 426,487 8,242 1.97 95,117 4.73 0.0230
2019-05-14 2019-03-31 13F VAIL RESORTS COM 91879Q109 418,245 23,408 5.93 90,817 9.18 0.0235
2019-03-06 2018-12-31 13F/A-1 VAIL RESORTS COM 91879Q109 394,837 24,849 6.72 83,184 -18.01 0.0257
2019-02-13 2018-12-31 13F VAIL RESORTS COM 91879Q109 394,837 24,849 83,184
2018-11-13 2018-09-30 13F VAIL RESORTS COM 91879Q109 369,988 13,797 3.87 101,462 3.97 0.0286
2018-08-14 2018-06-30 13F VAIL RESORTS COM 91879Q109 356,191 14,276 4.18 97,589 28.86 0.0300
2018-05-15 2018-03-31 13F VAIL RESORTS COM 91879Q109 341,915 1,801 0.53 75,733 4.87 0.0247
2018-02-13 2017-12-31 13F VAIL RESORTS COM 91879Q109 340,114 17,132 5.30 72,217 -1.92 0.0245
2017-11-14 2017-09-30 13F VAIL RESORTS COM 91879Q109 322,982 18,960 6.24 73,631 19.46 0.0272
2017-08-14 2017-06-30 13F VAIL RESORTS COM 91879Q109 304,022 14,490 5.00 61,639 10.94 0.0242
2017-06-21 2017-03-31 13F/A-1 VAIL RESORTS INC COM COM 91879Q109 289,532 23,005 8.63 55,561 29.23 0.0228
2017-05-12 2017-03-31 13F VAIL RESORTS INC COM COM 91879Q109 289,532 55,561
2017-02-14 2016-12-31 13F VAIL RESORTS INC COM COM 91879Q109 266,527 20,385 8.28 42,993 11.34 0.0200
2016-11-10 2016-09-30 13F VAIL RESORTS INC COM COM 91879Q109 246,142 15,949 6.93 38,614 21.36 0.0194
2016-08-12 2016-06-30 13F VAIL RESORTS INC COM COM 91879Q109 230,193 -7,553 -3.18 31,819 0.10 0.0173
2016-05-13 2016-03-31 13F VAIL RESORTS INC COM COM 91879Q109 237,746 9,875 4.33 31,786 8.99 0.0169
2016-02-12 2015-12-31 13F VAIL RESORTS INC COM COM 91879Q109 227,871 6,946 3.14 29,165 26.12 0.0166
2015-11-13 2015-09-30 13F VAIL RESORTS INC COM COM 91879Q109 220,925 5,198 2.41 23,125 -1.83 0.0140
2015-08-14 2015-06-30 13F VAIL RESORTS INC COM COM 91879Q109 215,727 9,269 4.49 23,557 10.33 0.0134
2015-05-14 2015-03-31 13F VAIL RESORTS INC COM COM 91879Q109 206,458 5,138 2.55 21,351 16.38 0.0122
2015-02-12 2014-12-31 13F VAIL RESORTS INC COM COM 91879Q109 201,320 1,269 0.63 18,346 5.70 0.0109
2014-11-14 2014-09-30 13F VAIL RESORTS INC COM COM 91879Q109 200,051 6,983 3.62 17,356 16.48 0.0113
2014-08-13 2014-06-30 13F VAIL RESORTS INC COM COM 91879Q109 193,068 6,846 3.68 14,900 14.80 0.0096
2014-05-14 2014-03-31 13F VAIL RESORTS INC COM COM 91879Q109 186,222 10,110 5.74 12,979 -2.03 0.0087
2014-02-14 2013-12-31 13F VAIL RESORTS INC COM COM 91879Q109 176,112 19,110 12.17 13,248 21.62 0.0092
2013-11-14 2013-09-30 13F VAIL RESORTS INC COM COM 91879Q109 157,002 10,116 6.89 10,893 20.55 0.0087
2013-08-14 2013-06-30 13F VAIL RESORTS INC COM COM 91879Q109 146,886 146,886 9,036 0.0079
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.