Las Vegas Sands

LVS • NYSE

Las Vegas Sands is a gambling, resorts & casinos company in the consumer cyclical sector on NYSE, led by Robert G. Goldstein, with a market cap of $44.1B. As of Q3 2025, 40% of shares are held by 655 institutional investors, with VANGUARD GROUP INC as the largest holder at 6.15%.

Chairman and Chief Executive OfficerRobert G. Goldstein

Market Cap$44.1B

Gambling, Resorts & Casinos

Consumer Cyclical

Employees38.7K

Websitesands.com

Country

United States of America

Overview

Overview of institutional ownership in LVS as of Q3 2025 with a market cap of $36.9B

All Institutions

Institutions: 655
Value Held: $14.9B
Shares Held: 276.7M
Avg Position: $22.7M
Median Position: $737.1K

Hedge Funds

Hedge Funds: 67
Value Held: $1.7B
Shares Held: 32.5M
Avg Position: $26.1M
Median Position: $4.1M

Ownership Breakdown

Institutional (non-HF)

35.57%

$13.1B

Hedge Funds

4.73%

$1.7B

Retail & Other

59.7%

$22.0B

Based on market cap of $36.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in LVS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.3B 0.03% of portfolio	6.15% 42.2M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$1.8B 0.34% of portfolio	4.96% 34.0M shares	Q1 2024 Held for 1y 8m	$532.36B
B BlackRock, Inc. Institution	-	$1.5B 0.03% of portfolio	3.98% 27.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$787.7M 0.09% of portfolio	2.13% 14.6M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$768.7M 0.03% of portfolio	2.08% 14.3M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$457.9M 0.38% of portfolio	1.24% 8.5M shares	≤ Q2 2013 Held for 12y 5m+	$122.08B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$447.5M 0.03% of portfolio	1.22% 8.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$369.3M 0.06% of portfolio	1.00% 6.9M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
Bank of New York Mellon Corp Institution	Robin Vince CEO	$357.5M 0.06% of portfolio	0.97% 6.6M shares	≤ Q2 2013 Held for 12y 5m+	$556.34B
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	Cory Lawrence Martin CEO	$293.4M 0.93% of portfolio	0.79% 5.5M shares	Q2 2020 Held for 5y 5m	$31.4B

Net Capital Flow

Institutional buying and selling activity for LVS in Q3 2025

Traded: −$696.5M
Buyers: 348
Sellers: 274
Total Bought: +$1.7B
Total Sold: −$2.4B
Avg Position: $20.8M

Biggest Buyers

Institution	Net Bought	Current Position
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$223.5M +4.2M shares	$278.0M 5.2M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$174.4M +3.2M shares	$457.9M 8.5M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$134.7M +2.5M shares	$136.9M 2.5M shares
J JANE STREET GROUP, LLC Institution	+$91.4M +1.7M shares	$110.5M 2.1M shares
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	+$89.3M +1.7M shares	$293.4M 5.5M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$83.4M +1.6M shares	$93.0M 1.7M shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	+$72.2M +1.3M shares	$83.2M 1.5M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$59.5M +1.1M shares	$151.6M 2.8M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	+$54.1M +1.0M shares	$55.3M 1.0M shares
Marshall Wace LLP Institution	+$45.1M +838.5K shares	$45.1M 838.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
Capital Research Global Investors RIA/Wealth	−$820.4M −15.3M shares	$1.8B 34.0M shares
ARGA Investment Management, LP Long Only Manager	−$302.9M −5.6M shares	$237.2M 4.4M shares
Invesco Ltd. ETF Provider	−$163.4M −3.0M shares	$369.3M 6.9M shares
Bank of New York Mellon Corp Institution	−$162.6M −3.0M shares	$357.5M 6.6M shares
N Nuveen, LLC Institution	−$103.7M −1.9M shares	$65.7M 1.2M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$66.7M −1.2M shares	$787.7M 14.6M shares
STATE STREET CORP Institution	−$59.3M −1.1M shares	$768.7M 14.3M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$57.1M −1.1M shares	$94.4M 1.8M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$48.1M −894.0K shares	$64.7M 1.2M shares
VANGUARD GROUP INC Institution	−$45.4M −844.8K shares	$2.3B 42.2M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited LVS in Q3 2025

New Positions: 38
New Value: $13.9M
Exited Positions: 60
Exited Value: $120.9M

New Positions

Institution	Position Value
P PEAK6 LLC Institution	$5.9M 110.0K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$736.4K 13.7K shares
FIRST FINANCIAL BANKSHARES INC Institution	$693.9K 12.9K shares
P Plato Investment Management Ltd Institution	$675.3K 12.7K shares
Voleon Capital Management LP Hedge Fund•Quant	$450.6K 8.4K shares
Chicago Partners Investment Group LLC RIA/Wealth	$448.4K 7.7K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$421.8K 7.8K shares
R Squared Ltd Private Equity	$391.4K 7.3K shares
Eschler Asset Management LLP Hedge Fund•Long/Short	$376.5K 7.0K shares
S Sunpointe, LLC Institution	$344.3K 6.4K shares

Exited Positions

Institution	Previous Position
C Carrhae Capital LLP Hedge Fund•Long/Short	$41.8M 961.8K shares
Nishkama Capital, LLC Hedge Fund•Sector	$19.2M 441.6K shares
ALTRINSIC GLOBAL ADVISORS LLC Long Only Manager	$13.4M 308.7K shares
Trexquant Investment LP Hedge Fund•Quant	$9.4M 216.7K shares
L Long Focus Capital Management, LLC Hedge Fund•Global Macro	$5.4M 123.0K shares
Night Squared LP Hedge Fund•Long/Short	$5.2M 119.5K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$3.4M 78.7K shares
D Delta Global Management LP Hedge Fund•Market Neutral	$2.7M 62.8K shares
A Andra AP-fonden Institution	$2.4M 54.1K shares
LEUCADIA NATIONAL CORP Institution	$2.0M 47.0K shares

Options Activity

Institutions with the largest Call and Put options positions in LVS as of Q3 2025

Call Positions: 34
Call Value: $675.1M
Put Positions: 36
Put Value: $366.5M

Call Positions

Institution	Position Value
A ALKEON CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	$242.1M 45.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$163.6M 30.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$65.2M 12.1K contracts
BARCLAYS PLC Institution	$36.9M 6.9K contracts
CITIGROUP INC Institution	$28.2M 5.3K contracts
J JANE STREET GROUP, LLC Institution	$21.8M 4.1K contracts
UBS Group AG Institution	$21.2M 3.9K contracts
W WOLVERINE TRADING, LLC Institution	$20.2M 3.7K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$15.5M 2.9K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$12.5M 2.3K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$69.1M 12.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$54.1M 10.1K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$34.0M 6.3K contracts
BARCLAYS PLC Institution	$33.8M 6.3K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$26.2M 4.9K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$20.1M 37.4 contracts
Walleye Trading LLC RIA/Wealth	$13.8M 2.6K contracts
CITIGROUP INC Institution	$13.7M 2.5K contracts
J JANE STREET GROUP, LLC Institution	$13.7M 2.5K contracts
UBS Group AG Institution	$12.1M 2.3K contracts

Most Committed Institutions

Institutions with LVS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
O OPTIMAS CAPITAL Ltd Institution	-	9.46% $15.0M	0.04% 278.0K shares	Q2 2025 Held for 5 months	$158.1M
ARGA Investment Management, LP Long Only Manager	Elliot J Turner Managing Partner	6.29% $237.2M	0.64% 4.4M shares	Q3 2021 Held for 4y 2m	$3.8B
C CONTINENTAL ADVISORS LLC Hedge Fund•Long/Short	David Philip Purcell Managing Partner	3.65% $5.4M	0.01% 100.3K shares	Q3 2024 Held for 1y 2m	$148.0M
PENN DAVIS MCFARLAND INC RIA/Wealth	Robert Van Ogden President	2.29% $21.9M	0.06% 406.3K shares	Q2 2015 Held for 10y 5m	$953.7M
O Orvieto Partners, L.P. Hedge Fund•Value	Timothy Garrett Caffrey Partner	2.28% $2.7M	0.01% 50.0K shares	Q4 2024 Held for 11 months	$118.0M
CLOUGH CAPITAL PARTNERS L P Hedge Fund•Long/Short	Vincent Michael Lorusso CEO	2.09% $23.5M	0.06% 437.2K shares	Q3 2025 Held for 2 months	$1.1B
SUNRISE PARTNERS LIMITED PARTNERSHIP /CT Hedge Fund•Multi-Strategy	Ravi Mohan Singh CEO	2.07% $4.2M	0.01% 77.8K shares	Q2 2025 Held for 5 months	$202.2M
M Maple Rock Capital Partners, Inc. Hedge Fund•Multi-Strategy	Xavier George Majic CEO	1.69% $43.2M	0.12% 803.3K shares	Q4 2024 Held for 11 months	$2.6B
OSBORNE PARTNERS CAPITAL MANAGEMENT RIA/Wealth	Justin Wellington Mcnichols CIO	1.04% $20.6M	0.06% 382.3K shares	Q2 2024 Held for 1y 5m	$2.0B
A Arrowpoint Asset Management, LLC Hedge Fund•Multi-Strategy	David John Corkins Managing Partner	1.00% $54.0M	0.15% 1.0M shares	Q2 2024 Held for 1y 5m	$5.4B

Hedge Fund Spotlight

Discover hedge funds investing in LVS

Quent Capital, LLC

Hedge Fund • Long/Short

Portfolio ManagerWilliam Albert Jollie

Portfolio Value: $1.2B
Positions: 1,433
Last Reported: Q3 2025

Sector Allocation

Position in Las Vegas Sands

Market Value: $18.2K
Shares Held: 338.0
Portfolio Weight: 0.00%
Owned Since: 2021-Q4

Top Holding	Sector	Market Value	Weight
1 Vanguard Russell 1000 Growth VONG	ETF ETF	$129.0M	10.81%
2 SPDR Nuveen Bloomberg Short Term Municipal Bond SHM	ETF ETF	$79.3M	6.64%
3 iShares MSCI EAFE Growth EFG	ETF ETF	$59.0M	4.94%