CRGI Reports 49.3M-Share, 7.0% Stake in LVS

Rhea-AI Filing Summary

Capital Research Global Investors (CRGI) reports beneficial ownership of 49,293,767 shares of Las Vegas Sands common stock, representing 7.0% of the 706,627,556 shares believed outstanding. CRGI is identified as a division of Capital Research and Management Company and related investment management affiliates and is deemed the beneficial owner of the reported shares.

The filing shows sole voting power for 49,289,235 shares and sole dispositive power for 49,293,767 shares, with no shared voting or shared dispositive power reported. The statement certifies these securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Positive

• 49,293,767 shares (7.0%) beneficially owned as reported
• Sole voting power for 49,289,235 shares and sole dispositive power for 49,293,767 shares
• Filing made on Schedule 13G, with certification that holdings are held in the ordinary course of business

Negative

• None.

Insights

Financial Analyst

TL;DR: CRGI holds a material 7.0% passive stake in LVS with near-complete sole voting and dispositive authority.

CRGI's reported 49,293,767-share position equals 7.0% of the company by the filing's outstanding-share estimate, a size that exceeds the 5% reporting threshold and is therefore material. The breakdown shows almost all shares are held with sole voting and sole dispositive power, which means CRGI can vote and dispose of the shares without sharing control. Because this Schedule 13G filing includes a certification that the shares are held in the ordinary course of business and not to change control, the filing signals a significant institutional stake that the filer describes as passive rather than an active attempt to influence corporate control.

Corporate Governance Expert

TL;DR: A well-known asset manager reports a >5% passive position in LVS; ownership concentration could affect shareholder votes if positions change.

The filing identifies CRGI and affiliated entities as the beneficial owner of 49,293,767 shares with no shared voting or dispositive power. The use of Schedule 13G and the certification language indicate the filer considers the stake passive and not intended to affect control. From a governance perspective, a single institutional holder at this scale is a material ownership concentration that market participants may note, though the filing itself does not assert activist intent or propose governance actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Las Vegas Sands Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

517834107

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 517834107

1

Names of Reporting Persons

Capital Research Global Investors

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

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 49,289,235.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 49,293,767.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

49,293,767.00

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)

7.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Las Vegas Sands Corp.
(b)	Address of issuer's principal executive offices: 5420 S. Durango Dr, Las Vegas, NV 89113, United States of America
Item 2.
(a)	Name of person filing: Capital Research Global Investors
(b)	Address or 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 No.: 517834107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-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 defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 49,293,767 ** **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 49,293,767 shares or 7.0% of the 706,627,556 shares believed to be outstanding.
(b)	Percent of class: 7.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 49,289,235
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 49,293,767
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital Research Global Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	08/05/2025

FAQ

How many Las Vegas Sands (LVS) shares does Capital Research Global Investors own?

The filing reports 49,293,767 shares beneficially owned by Capital Research Global Investors.

What percentage of LVS does CRGI own according to the filing?

CRGI's position represents 7.0% of the 706,627,556 shares believed to be outstanding.

Does CRGI have voting control over the shares reported in the filing?

The filing reports sole voting power for 49,289,235 shares and no shared voting power.

Is this filing indicating an active effort to change control of LVS?

No. The filer certified the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Which entity is identified as the reporting person?

The reporting person is Capital Research Global Investors, a division of Capital Research and Management Company and affiliated investment management entities.