APG Asset Management US Inc. Amends Vail Resorts Stake

Ticker: MTN · Form: SC 13G/A · Filed: 2024-02-07T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**APG Asset Management US Inc. just updated its passive stake in Vail Resorts, signaling continued institutional interest.**

AI Summary

APG Asset Management US Inc. has updated its ownership stake in Vail Resorts Inc. (NYSE: MTN) through an SC 13G/A filing on February 7, 2024, reflecting its holdings as of December 31, 2023. This amendment, the fourth for APG, indicates a change in their passive investment position in the ski resort operator. For investors, this filing provides transparency into a significant institutional investor's continued interest in Vail Resorts, which can influence market perception and potentially signal confidence in the company's long-term prospects.

Why It Matters

This filing shows a major institutional investor's updated position in Vail Resorts, offering insight into their ongoing confidence (or lack thereof) in the company's stock performance.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

A smart investor would note APG Asset Management US Inc.'s continued passive interest in Vail Resorts Inc. as a data point for institutional confidence, but would not make investment decisions solely based on this routine update.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this and what does it signify?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It signifies that APG Asset Management US Inc., a passive institutional investor, is updating its previously reported ownership stake in Vail Resorts Inc. as of December 31, 2023.

Who is the reporting person in this filing?

The reporting person is APG Asset Management US Inc., identified by IRS Identification No. 061285941 and incorporated in Delaware.

What is the subject company of this filing?

The subject company is Vail Resorts Inc., with the CUSIP Number 91879Q109 and Common Stock, $0.01 par value, as the title of the class of securities.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, indicating the snapshot date for the reported ownership.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box in the filing.

Filing Stats: 2,046 words · 8 min read · ~7 pages · Grade level 7.7 · Accepted 2024-02-07 17:25:48

Key Financial Figures

Filing Documents

From the Filing

SC 13G/A 1 formsc13ga.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4)* Vail Resorts Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securities) 91879Q109 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 91879Q109 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) APG Asset Management US Inc. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,946,860* 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,946,860* 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,946,860* 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO, IA * Based on 37,966,630 Common Shares outstanding as of December 4, 2023, as reported in the Issuer’s Report on Form 10-Q for the period ended October 31, 2023, filed with the Securities and Exchange Commission on December 7, 2023. CUSIP No. 91879Q109 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) APG Asset Management, N.V. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Kingdom of the Netherlands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,946,860* 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,946,860* 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,946,860* 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO * Based on 37,966,630 Common Shares outstanding as of December 4, 2023, as reported in the Issuer’s Report on Form 10-Q for the period ended October 31, 2023, filed with the Securities and Exchange Commission on December 7, 2023. CUSIP No. 91879Q109 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) APG Groep, N.V. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Kingdom of the Netherlands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,946,860* 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,946,860* 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,946,860* 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO * Based on 37,966,630 Common Shares outstanding as of December 4, 2023, as reported in the Issuer’s Report on Form 10-Q for the period ended October 31, 2023, filed with the Securities and Exchange Commission on December 7, 2023. CUSIP No. 91879Q109 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Stichting Pensioenfonds ABP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Kingdom of the Netherlands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,946,860* 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,946,860* 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

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