Capital World Investors reports 12.1% stake in Vail Resorts (NYSE: MTN)

Rhea-AI Filing Summary

Capital World Investors reported beneficial ownership of 4,312,266 shares of Vail Resorts, Inc. common stock, representing 12.1% of the class. This stake is based on 35,775,575 shares of Vail Resorts common stock believed to be outstanding.

Capital World Investors, a division of Capital Research and Management Company and its investment management affiliates, has sole voting power over 4,291,504 shares and sole dispositive power over 4,312,266 shares, with no shared voting or dispositive authority. The securities are reported as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of Vail Resorts.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Vail Resorts, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

91879Q109

(CUSIP Number)

01/30/2026

(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)

SCHEDULE 13G

CUSIP No. 91879Q109

1

Names of Reporting Persons

Capital World 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 4,291,504.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,312,266.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,312,266.00

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)

12.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Vail Resorts, Inc.
(b)	Address of issuer's principal executive offices: 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD, CO 80021, United States of America
Item 2.
(a)	Name of person filing: Capital World Investors
(b)	Address or principal business office or, if none, residence: 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 91879Q109
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: 4,312,266 ** **Capital World Investors ("CWI") 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"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 4,312,266 shares or 12.1% of the 35,775,575 shares believed to be outstanding.
(b)	Percent of class: 12.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,291,504
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4,312,266
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Income Fund of America
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 World Investors

Signature:	Timothy J. Moon
Name/Title:	Vice President and Senior Counsel, Capital Research and Management Company
Date:	02/03/2026

FAQ

What did Capital World Investors disclose about its MTN (Vail Resorts) holdings?

Capital World Investors disclosed beneficial ownership of 4,312,266 Vail Resorts (MTN) common shares, representing 12.1% of the class. The filing states these securities are held in the ordinary course of business, without an intent to change or influence control of the company.

How large is Capital World Investors' percentage stake in Vail Resorts (MTN)?

Capital World Investors reported owning 12.1% of Vail Resorts’ common stock, equal to 4,312,266 shares. This percentage is calculated against 35,775,575 shares of Vail Resorts common stock believed to be outstanding as referenced in the Schedule 13G/A filing.

What voting power does Capital World Investors have over Vail Resorts (MTN) shares?

Capital World Investors reported sole voting power over 4,291,504 shares of Vail Resorts common stock and no shared voting power. It also has sole dispositive power over 4,312,266 shares, indicating it alone can decide whether and how to sell those shares.

Who is Capital World Investors in relation to Capital Research and Management Company?

Capital World Investors is a division of Capital Research and Management Company and its investment management subsidiaries and affiliates. These entities collectively provide investment management services under the Capital World Investors name and are deemed beneficial owners of the reported Vail Resorts stake.

Does Capital World Investors intend to influence control of Vail Resorts (MTN)?

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Vail Resorts. It also indicates they are not held in connection with any transaction having that control-related purpose.

Which other party is mentioned in connection with Vail Resorts shares held by Capital World Investors?

The Schedule 13G/A notes The Income Fund of America in the context of ownership of more than five percent on behalf of another person. This reference indicates another party may have an economic interest in some of the reported Vail Resorts shares.