Red Rock Resorts, Inc. ownership update: Baron Capital Group and affiliated filers report 13,412,846 shares of Class A Common Stock beneficially owned, representing 22.68% of the class. The filing lists shared voting power of 13,294,820 and shared dispositive power of 13,412,846.
The Schedule 13G/A identifies filing parties (Baron Capital Group, BAMCO, Baron Capital Management, Ronald Baron, Baron Small Cap Fund, Baron Partners Fund) and states that BAMCO and BCM are advisory subsidiaries of BCG and that advisory clients hold certain interests. Signatures by Ronald Baron appear on behalf of the filers.
Positive
None.
Negative
None.
Insights
Large passive stake reported by Baron-affiliated filers.
The filing documents a 22.68% beneficial stake in Class A common stock (13,412,846 shares) held by Baron Capital Group and related entities, with shared voting and dispositive power reported. The statement clarifies relationships among BCG, BAMCO, BCM and advisory clients.
Voting and dispositive figures are explicit in the schedule; subsequent filings or proxy materials would show any changes to voting intentions or plans. Cash‑flow treatment or sale intentions are not stated in the provided excerpt.
Key Figures
Beneficially owned:13,412,846 sharesPercent of class:22.68%Shared voting power:13,294,820 shares+2 more
5 metrics
Beneficially owned13,412,846 sharesClass A Common Stock
Percent of class22.68%Percent of Class A common stock
Shared voting power13,294,820 sharesas reported in Item 4
BAMCO reported shared dispositive power11,679,813 sharesBAMCO / NY line in header
Baron Capital Group shared dispositive power13,412,846 sharesBaron Capital Group line in header
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"(iv) Shared power to dispose or to direct the disposition of: 13,412,846"
Schedule 13G/Aregulatory
"form_type: SCHEDULE 13G/A"
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.
advisory clientsother
"The advisory clients of BAMCO and BCM have the right to receive or the power to direct the receipt of dividends"
What stake does Baron Capital report in Red Rock Resorts (RRR)?
The filing reports 13,412,846 shares beneficially owned, representing 22.68% of Class A common stock. It also lists shared voting power of 13,294,820 shares and shared dispositive power of 13,412,846.
Which entities filed the Schedule 13G/A for RRR?
Filing parties include Baron Capital Group, Inc., BAMCO, Inc., Baron Capital Management, Inc., Ronald Baron, Baron Small Cap Fund, and Baron Partners Fund. Addresses and citizenships are provided in the schedule.
Does the filing state whether holdings are direct or indirect?
The schedule shows shared voting and shared dispositive power figures, and explains that BAMCO and BCM are subsidiaries of BCG and that advisory clients hold interests. It does not recast holdings as solely direct or indirect in a single phrase.
Are any sale plans or intentions disclosed in the Schedule 13G/A?
No sale plans or methods of disposition are disclosed in the provided excerpt. The filing lists voting and dispositive powers and relationships among filers but does not state planned transactions or cash‑flow treatment.
Who signed the Schedule 13G/A for the Baron filers?
The schedule is signed multiple times by /s/ Ronald Baron with titles shown including Chairman and CEO and CEO; dates of signature are listed as 05/15/2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 12)
Red Rock Resorts, Inc.
(Name of Issuer)
Class A Common Stock, $.01 par value
(Title of Class of Securities)
75700L108
(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):
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
11,561,787.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
11,679,813.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
11,679,813.00
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)
19.75 %
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
13,294,820.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,412,846.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,412,846.00
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)
22.68 %
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
1,733,033.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,733,033.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,733,033.00
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)
2.93 %
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
13,294,820.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,412,846.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,412,846.00
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)
22.68 %
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
2,550,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,550,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,550,000.00
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)
4.31 %
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
3,140,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,140,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,140,000.00
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)
5.31 %
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:
13,412,846
(b)
Percent of class:
22.68 %
(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:
13,294,820
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
13,412,846
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.
