Davis Selected Advisers reports 8.8% Resorts stake in MGM (MGM)

Rhea-AI Filing Summary

Davis Selected Advisers, a Colorado-based investment adviser, reports beneficial ownership of 26,820,202 shares of Resorts International common stock, representing 8.8% of the outstanding class. The firm has sole voting power over 23,348,499 shares and sole dispositive power over all 26,820,202 shares.

Davis Selected Advisers states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Resorts International. The filing is signed by Vice President Michaela McLoughry, confirming the accuracy of the ownership information.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

MGM Resorts International

(Name of Issuer)

Common Stock

(Title of Class of Securities)

552953101

(CUSIP Number)

12/31/2025

(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. 552953101

1

Names of Reporting Persons

DAVIS SELECTED ADVISERS

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

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,348,499.00
6	Shared Voting Power
7	Sole Dispositive Power 26,820,202.00
8	Shared Dispositive Power

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,820,202.00

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)

8.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: MGM Resorts International
(b)	Address of issuer's principal executive offices: 3600 LAS VEGAS BLVD S, LAS VEGAS, NEVADA, 89109.
Item 2.
(a)	Name of person filing: DAVIS SELECTED ADVISERS
(b)	Address or principal business office or, if none, residence: 2949 East Elvira Road, Suite 101 Tucson, Arizona 85756
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 552953101
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: 26,820,202 shares
(b)	Percent of class:
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 23,348,499 shares
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of: 26,820,202 shares
	(iv) Shared power to dispose or to direct the disposition of:
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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.

DAVIS SELECTED ADVISERS

Signature:	Michaela McLoughry
Name/Title:	Vice President
Date:	02/04/2026

FAQ

What ownership stake does Davis Selected Advisers report in MGM’s Resorts International?

Davis Selected Advisers reports beneficial ownership of 26,820,202 Resorts International common shares, representing 8.8% of the class. This stake reflects shares over which it has voting and/or dispositive power as of the reported ownership date.

How many Resorts International shares can Davis Selected Advisers vote?

Davis Selected Advisers reports sole voting power over 23,348,499 shares of Resorts International common stock. Voting power indicates the ability to vote these shares on corporate matters such as director elections and other shareholder approvals.

How many Resorts International shares can Davis Selected Advisers dispose of?

Davis Selected Advisers has sole dispositive power over 26,820,202 shares of Resorts International. Dispositive power refers to the authority to sell or otherwise direct the disposition of these shares on behalf of its clients or accounts.

Is Davis Selected Advisers seeking control of Resorts International (MGM)?

Davis Selected Advisers certifies that the Resorts International shares were acquired and held in the ordinary course of business, not to change or influence control. It specifies they are not held in connection with any control-related transaction.

What type of reporting person is Davis Selected Advisers in this Schedule 13G/A?

Davis Selected Advisers is identified as an investment adviser filing a Schedule 13G/A. This reflects its role managing client assets while reporting beneficial ownership in Resorts International once holdings exceed regulatory thresholds.

Who signed the Schedule 13G/A for Davis Selected Advisers regarding MGM?

The Schedule 13G/A reporting Davis Selected Advisers’ stake in Resorts International is signed by Michaela McLoughry, Vice President. The signature certifies, after reasonable inquiry, that the ownership information is true, complete, and correct.