VICI Properties Sees Key Adjustments in Institutional Holdings

2 min read | December 22, 2024 09:19 AM PST | By Team Kalkine Media

Headlines

  • M&T Bank Corp reduced its position in VICI Properties.
  • Several hedge funds adjusted their stakes in VICI Properties.
  • Institutional investors hold a significant portion of VICI Properties’ shares.

VICI Properties Inc. (NYSE:VICI) Stock Holdings Adjusted by M&T Bank Corp

M&T Bank Corp made a reduction to its holdings in VICI Properties Inc. during the third quarter. The bank sold a portion of its shares, lowering its position by 2.1%. Following the sale, M&T Bank Corp retained a stake in the company, amounting to a small percentage of the total shares. The latest filing shows the fund owned shares valued in the tens of millions.

Other institutional investors have also made strategic moves with their VICI Properties positions. State Street Corp, for instance, increased its holdings by 2.1% in the third quarter. This added to the company’s already significant share count. Meanwhile, Geode Capital Management LLC raised its position by 2.2% during the same period. These adjustments highlight ongoing interest in the company from major institutional players.

Dimensional Fund Advisors LP and Legal & General Group Plc also added to their stakes in VICI Properties. The former boosted its position by 1.4%, while the latter increased its holdings by 1.8%. This growing institutional involvement suggests confidence in VICI Properties’ future.

Daiwa Securities Group Inc. also contributed to the overall increase in institutional ownership. By acquiring additional shares, Daiwa expanded its investment in VICI Properties by 6.6%. These changes demonstrate the considerable presence of institutional investors in the company’s stock, as they now hold a dominant portion of VICI Properties’ shares.

In total, institutional investors and hedge funds control nearly all of VICI Properties’ outstanding shares, underlining the company's strong support from major financial institutions.


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