CII Owns 4.98M Shares of Vail Resorts, Reporting Sole Voting Power (MTN)

Rhea-AI Filing Summary

Capital International Investors is reported as the beneficial owner of 4,984,025 shares of Vail Resorts common stock, representing 13.4% of the 37,152,403 shares believed outstanding. The filing states CII is a division of Capital Research and Management Company and related investment management entities and is deemed the beneficial owner of these shares.

The submission shows sole voting power of 4,946,585 shares and sole dispositive power of 4,984,025, with no shared voting or dispositive power reported. The reporting person is classified as an investment adviser (IA), and the filing includes a certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing the issuer's control.

Positive

• Institutional ownership disclosed: Capital International Investors is deemed beneficial owner of 4,984,025 shares, equal to 13.4% of outstanding stock.
• Clear control metrics: The filing specifies sole voting power of 4,946,585 and sole dispositive power of 4,984,025, with no shared powers.
• Regulated reporting status: Reporting person classified as IA, indicating an investment adviser structure for these holdings.

Negative

• None.

Insights

Financial Analyst

Institutional 13.4% stake is material; filing reports passive ownership and clear voting/dispositive counts.

The report discloses that Capital International Investors is deemed to beneficially own 4,984,025 shares (13.4% of 37,152,403) and holds sole voting power over 4,946,585 shares. As an entity classified IA, it is recorded as an investment adviser managing these positions through affiliated investment management entities. The filing's certification explicitly states the position is held in the ordinary course and not to influence control, which frames this stake as institutional and passive rather than an activist intent.

Corporate Governance Expert

Large single advisory ownership with nearly full sole voting and dispositive power is notable; filing asserts no intent to influence control.

Capital International Investors is reported as the beneficial owner of 4,984,025 shares with sole voting power of 4,946,585 and sole dispositive power of 4,984,025. The absence of shared powers and the IA classification indicate centralized control within the reporting entity's managed accounts. The included certification confirms the holdings are claimed to be passive, which is relevant for governance analysis because it clarifies the filer does not assert an intent to change or influence issuer control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Vail Resorts, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

91879Q109

(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. 91879Q109

1

Names of Reporting Persons

Capital International 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 4,946,585.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,984,025.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,984,025.00

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)

13.4 %

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 International 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.: 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: 4,984,025 ** **Capital International Investors ("CII") 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"). CII's divisions of each of the investment management entities collectively provide investment management services under the name "Capital International Investors." CII is deemed to be the beneficial owner of 4,984,025 shares or 13.4% of the 37,152,403 shares believed to be outstanding.
(b)	Percent of class: 13.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,946,585
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4,984,025
	(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 International Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	08/12/2025

FAQ

What stake does Capital International Investors report in Vail Resorts (MTN)?

The filing reports beneficial ownership of 4,984,025 shares, representing 13.4% of 37,152,403 shares believed outstanding.

How many votes can Capital International Investors cast for Vail Resorts (MTN)?

The report lists sole voting power of 4,946,585 shares and shared voting power of 0 shares.

Does the filing indicate Capital International Investors intends to influence control of Vail Resorts (MTN)?

The filing includes a certification stating the securities are held in the ordinary course of business and were not acquired and are not held for the purpose of changing or influencing control of the issuer.

What class of securities and CUSIP are disclosed in the filing for Vail Resorts (MTN)?

The filing covers Common Stock with CUSIP 91879Q109.

Who is the reporting person and where is its principal business address?

The reporting person is Capital International Investors, with an address at 333 South Hope Street, 55th Fl, Los Angeles, CA 90071.