ARGA Investment Management LP and Avula Rama Krishna reported beneficial ownership of 14,508,114 Level II ADRs of Melco Resorts & Entertainment Ltd as of March 31, 2026. Each ADR represents three ordinary shares, equaling 43,524,342 ordinary shares, or approximately 3.57% (rounded to 3.6%) of the outstanding ordinary shares. The Manager has shared voting power over 10,528,978 ADR units and shared dispositive power over the full 14,508,114 ADR units. The filing disclaims beneficial ownership except for any pecuniary interest and attributes holdings to accounts managed by the Manager.
Positive
None.
Negative
None.
Insights
Passive stake disclosed: 14.5M ADRs (~3.6%) with shared voting power reported.
The filing states the Accounts owned 14,508,114 Level II ADRs as of March 31, 2026, representing 43,524,342 ordinary shares. The Manager reports shared voting power over 10,528,978 ADR units and shared dispositive power over the full holding.
The disclosure is a passive ownership report under Schedule 13G/A and includes a disclaimer of beneficial ownership except for any pecuniary interest. Subsequent filings may update voting or disposition details if holdings or authority change.
Key Figures
ADR units owned:14,508,114 ADRsOrdinary shares equivalent:43,524,342 ordinary sharesPercent of outstanding:3.57%+2 more
5 metrics
ADR units owned14,508,114 ADRsAccounts legal owner as of <date>March 31, 2026</date>
Ordinary shares equivalent43,524,342 ordinary sharesEach ADR represents three ordinary shares
Percent of outstanding3.57%Based on 1,220,376,014 ordinary shares (rounded to 3.6% in filing)
Shared voting power10,528,978 ADR unitsManager's shared power to vote as reported
Outstanding ordinary shares1,220,376,014 ordinary sharesAs reported in Bloomberg and company's most recent Form 20-F (cited in filing)
Key Terms
Level II ADR, beneficial ownership, shared dispositive power
3 terms
Level II ADRfinancial
"As of March 31, 2026, the Funds ... were the legal owner of 14,508,114 Level II American Depository Receipts"
beneficial ownershipregulatory
"Each of the Reporting Persons disclaims beneficial ownership of the ADR units"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared dispositive powerregulatory
"Shared Dispositive Power 14,508,114.00 ... the Manager has discretionary authority over 14,508,114 units"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 001)
Melco Resorts & Entertainment LTD
(Name of Issuer)
American Depository Receipts ("ADR"), each representing three ordinary shares
(Title of Class of Securities)
585464100
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
585464100
1
Names of Reporting Persons
ARGA Investment Management, LP
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
0.00
6
Shared Voting Power
10,528,978.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,508,114.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,508,114.00
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)
3.6 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
585464100
1
Names of Reporting Persons
Avula Rama Krishna
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,528,978.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,508,114.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,508,114.00
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)
3.6 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Melco Resorts & Entertainment LTD
(b)
Address of issuer's principal executive offices:
38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong, K3 00000
Item 2.
(a)
Name of person filing:
This schedule 13G is being jointly filed by ARGA Investment Management LP (the "Manager"), a limited partnership under the laws of Delaware, and Avula Rama Krishna with respect to the ownership of Level II American Depository Receipts of the Issuer ("ADRs") by the Funds and Separate Managed Accounts (collectively, "Accounts") over which the Manager has investment discretion and/or voting power. The Manager and Avula Rama Krishna are collectively referred to in this Schedule 13G as "Reporting Persons."
(b)
Address or principal business office or, if none, residence:
The Manager is a limited partnership organized under the laws of Delaware. Avula Rama Krishna is a citizen of the United States.
(d)
Title of class of securities:
American Depository Receipts ("ADR"), each representing three ordinary shares
(e)
CUSIP No.:
585464100
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:
1. ARGA Investment Management, LP: 14,508,114 ADR units
2. Avula Rama Krishna: 14,508,114 ADR units
(iv) Shared power to dispose or to direct the disposition of:
1. ARGA Investment Management, LP: 14,508,114 ADR units
2. Avula Rama Krishna: 14,508,114 ADR units
Item 5.
Ownership of 5 Percent or Less of a Class.
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.
ARGA Investment Management, LP
Signature:
/s/ Neda Clark
Name/Title:
Neda Clark, Chief Compliance Officer
Date:
05/13/2026
Avula Rama Krishna
Signature:
/s/ Avula Rama Krishna
Name/Title:
Avula Rama Krishna
Date:
05/13/2026
Exhibit Information
1. Items 4(a) and 4(b) of Schedule 13G
As of March 31, 2026, the Funds and Separate Managed Accounts (collectively, "Accounts") were the legal owner of 14,508,114 Level II American Depository Receipts, representing 43,524,342 ordinary shares (each ADR representing 3 ordinary shares). Based on there being 1,220,376,014 ordinary shares, as reported in Bloomberg as well as in the company's most recently filed Form 20-F, the Accounts' holdings represent approximately 3.57% (rounded to 3.6% for purposes of the filing) of the outstanding ordinary shares.
The Manager serves as investment manager to the Accounts and has voting power over 10,528,978 ADR units and discretionary authority over 14,508,114 units (43,524,342 ordinary shares) representing 3.57% (rounded to 3.6% for purposes of the filing) of outstanding ordinary shares. Accordingly, the Manager may be deemed to be the beneficial owner of 3.57% (rounded to 3.6% for purposes of the filing) of the outstanding ordinary shares.
Avula Rama Krishna owns a significant membership interest in the Manager and as such may be deemed to control shares held by the Manager by virtue of his interest in the Manager.
Each of the Reporting Persons disclaims beneficial ownership of the ADR units (and ordinary shares) of the Issuer held by the Accounts, except to the extent of any pecuniary interest therefrom, and this report shall not be deemed to be an admission that they are the beneficial owners of such securities.
2. Item 4(c) of Schedule 13G
As of March 31, 2026, each of the Reporting Persons may be deemed to have the power to vote or to direct the voting of 10,528,978 ADR units and/or to dispose or to direct the disposition of the 14,508,114 ADR units (43,524,342 ordinary shares) held by the Accounts.
Each of the Reporting Persons disclaims beneficial ownership of the shares of ADR units (and ordinary shares) of the Issuer held by the Accounts, except to the extent of any pecuniary interest therefrom, and this report shall not be deemed to be an admission that they are the beneficial owners of such securities.
