Capital International Investors Sells Entire WYNN Stake

Ticker: WYNN · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bearish

Topics: institutional-ownership, divestment, ownership-change

TL;DR

**Capital International Investors dumped all their WYNN shares.**

AI Summary

Capital International Investors, a Delaware-based investment firm, filed an amended SC 13G/A on February 12, 2024, indicating a significant change in their holdings of Wynn Resorts, Ltd. (WYNN) common stock. As of December 29, 2023, the firm reported owning 0 shares with both sole and shared voting and dispositive power, a notable decrease from previous filings. This matters to investors because a major institutional investor has completely divested its stake, which could signal a loss of confidence or a strategic portfolio reallocation.

Why It Matters

This filing shows a major institutional investor has exited its position in Wynn Resorts, which could put downward pressure on the stock or reflect a bearish outlook on the company's future performance.

Risk Assessment

Risk Level: medium — The complete divestment by a large institutional investor like Capital International Investors could signal underlying concerns about Wynn Resorts, potentially increasing volatility for current shareholders.

Analyst Insight

A smart investor would investigate the reasons behind Capital International Investors' complete divestment from Wynn Resorts and consider if this signals a broader negative outlook for the company or the casino industry before making any investment decisions.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who filed this SC 13G/A amendment?

Capital International Investors, a company organized in Delaware with IRS Identification No. 95-1411037, filed this SC 13G/A amendment.

What is the subject company of this filing?

The subject company is Wynn Resorts, Ltd., with CIK 0001174922 and CUSIP Number 983134107.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 29, 2023.

How many shares of Wynn Resorts, Ltd. does Capital International Investors now beneficially own?

As of December 29, 2023, Capital International Investors beneficially owns 0 shares of Wynn Resorts, Ltd. with sole voting, shared voting, sole dispositive, and shared dispositive power all reported as 0.

What rule under the Securities Exchange Act of 1934 was this Schedule 13G filed under?

This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.

From the Filing

0001422848-24-000187.txt : 20240212 0001422848-24-000187.hdr.sgml : 20240212 20240212102347 ACCESSION NUMBER: 0001422848-24-000187 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WYNN RESORTS LTD CENTRAL INDEX KEY: 0001174922 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 460484987 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78590 FILM NUMBER: 24617913 BUSINESS ADDRESS: STREET 1: 3131 LAS VEGAS BOULEVARD SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 7027707555 MAIL ADDRESS: STREET 1: 3131 LAS VEGAS BOULEVARD SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89109 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Capital International Investors CENTRAL INDEX KEY: 0001562230 ORGANIZATION NAME: IRS NUMBER: 951411037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: Capital Research & Management Co - Division 3 DATE OF NAME CHANGE: 20121114 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3 ) * Wynn Resorts, Ltd. (Name of Issuer) Common Stock (Title of Class of Securities) 983134107 (CUSIP Number) December 29, 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: [X] 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 (the "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. 983134107 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital International Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Wynn Resorts, Ltd. (b) Address of Issuer's Principal Executive Offices 3131 Las Vegas Boulevard South, Las Vegas, NV 89109 Item 2. (a) Name of Person Filing Capital International Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 983134107 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as

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