Red Rock Resorts, Inc. ownership update: Baron Capital Group and related entities report beneficial ownership of 16,337,187 shares of Class A common stock, representing 27.94% of the class as reported. The filing shows shared voting power of 16,219,161 shares and shared dispositive power of 16,337,187 shares. The filing identifies BAMCO, BCM, Baron Capital Group, Ronald Baron, Baron Small Cap Fund and Baron Partners Fund as filing persons and notes that BAMCO and BCM are subsidiaries of Baron Capital Group, Inc. Signatures by Ronald Baron appear on the amendment dated 06/03/2026.
Positive
None.
Negative
None.
Insights
Large, disclosed passive/active stake with shared control across Baron entities.
The schedule reports an aggregate beneficial ownership position of 16,337,187 shares representing 27.94% as of the filing. The record attributes shared voting power of 16,219,161 shares and shared dispositive power of 16,337,187 shares, indicating coordinated group influence.
Filing persons are structured across parent/subsidiary/advised-client relationships: BAMCO and BCM are subsidiaries of Baron Capital Group, Inc., and certain funds are advisory clients. Subsequent disclosures or 13D filings would be required if the group crosses material action thresholds.
This amendment clarifies holdings and voting/dispositive allocations among related Baron entities.
The amendment lists the filing address and states beneficial ownership and voting/dispositive splits for several related entities. It also notes that advisory clients may have dividend/proceeds rights but, to the filing persons' knowledge, no other person holds >5% through those clients.
For investors, the main observable items are the 16,337,187-share stake and the 27.94% ownership level; any material changes in holdings or intentions would appear in later filings.
Key Figures
Beneficial ownership:16,337,187 sharesPercent of class:27.94%Shared voting power:16,219,161 shares+3 more
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
"Item 4(iv) | Shared power to dispose or to direct the disposition of: 16,337,187"
Advisory clientsfinancial
"Item 6. | The advisory clients of BAMCO and BCM have the right to receive or the power to direct the receipt of dividends"
Schedule 13G/Aregulatory
"(Amendment No. 13 ) Red Rock Resorts, Inc. Class A Common Stock"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
What stake does Baron Capital Group report in RRR?
The filing reports beneficial ownership of 16,337,187 shares, representing 27.94% of Class A common stock. This number is shown under Item 4 as the aggregate holdings attributed to the filing group.
Who are the filing persons named in the Schedule 13G/A for RRR?
The filing names Baron Capital Group, Inc.; BAMCO, Inc.; Baron Capital Management, Inc.; Ronald Baron; Baron Small Cap Fund; and Baron Partners Fund with a common principal address at 767 Fifth Avenue, New York, NY.
How much voting power does the Baron group report for RRR?
The schedule shows shared voting power of 16,219,161 shares and sole voting power of 0. These figures appear under Item 4(i) and 4(ii) describing voting authority.
Does the filing state who receives dividends or sale proceeds for these shares?
The filing states advisory clients of BAMCO and BCM have rights to dividends or sale proceeds in their accounts; the filing persons state they do not know of any such person holding more than 5% through those clients.
Are BAMCO and BCM independent or related to Baron Capital Group?
The amendment states that BAMCO and BCM are subsidiaries of Baron Capital Group, Inc. and that certain funds are advisory clients of BAMCO, indicating an affiliated group structure.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 13)
Red Rock Resorts, Inc.
(Name of Issuer)
Class A Common Stock, $.01 par value
(Title of Class of Securities)
75700L108
(CUSIP Number)
05/31/2026
(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):
75700L108
1
Names of Reporting Persons
BAMCO INC /NY/
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
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
14,485,212.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,603,238.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,603,238.00
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)
24.98 %
12
Type of Reporting Person (See Instructions)
CO, IA
SCHEDULE 13G
CUSIP Number(s):
75700L108
1
Names of Reporting Persons
Baron Capital Group, Inc.
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
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
16,219,161.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
16,337,187.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
16,337,187.00
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)
27.94 %
12
Type of Reporting Person (See Instructions)
CO, HC
SCHEDULE 13G
CUSIP Number(s):
75700L108
1
Names of Reporting Persons
Baron Capital Management, Inc.
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
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,733,949.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,733,949.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,733,949.00
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)
2.97 %
12
Type of Reporting Person (See Instructions)
CO, IA
SCHEDULE 13G
CUSIP Number(s):
75700L108
1
Names of Reporting Persons
Ronald Baron
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
16,219,161.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
16,337,187.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
16,337,187.00
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)
27.94 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
75700L108
1
Names of Reporting Persons
Baron Small Cap Fund
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
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,500,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,500,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,500,000.00
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)
4.27 %
12
Type of Reporting Person (See Instructions)
IV
SCHEDULE 13G
CUSIP Number(s):
75700L108
1
Names of Reporting Persons
Baron Partners Fund
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
5,155,329.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,155,329.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,155,329.00
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)
8.82 %
12
Type of Reporting Person (See Instructions)
IV
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Red Rock Resorts, Inc.
(b)
Address of issuer's principal executive offices:
1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS, NV 89135
Item 2.
(a)
Name of person filing:
Baron Capital Group, Inc. ("BCG"),
BAMCO, Inc. ("BAMCO"),
Baron Capital Management, Inc. ("BCM"),
Ronald Baron,
Baron Small Cap Fund ("BSC"),
Baron Partners Fund ("BPF")
(b)
Address or principal business office or, if none, residence:
767 Fifth Avenue, 49th Floor,
New York, NY 10153
(c)
Citizenship:
BCG, BAMCO and BCM are New York corporations. Ronald Baron is a citizen of the United States. BSC is a series of a Massachusetts Business Trust. BPF is a series of a Delaware Statutory Trust.
(d)
Title of class of securities:
Class A Common Stock, $.01 par value
(e)
CUSIP No.:
75700L108
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:
16,337,187
(b)
Percent of class:
27.94 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
16,219,161
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
16,337,187
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 advisory clients of BAMCO and BCM have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuer's common stock in their accounts. To the best of the Filing Persons' knowledge, no such person has such interest relating to more than 5% of the outstanding class of securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
BAMCO and BCM are subsidiaries of BCG. BSC and BPF are advisory clients of BAMCO. Ronald Baron owns a controlling interest in BCG.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Item 3.
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.
