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What smart money is saying about Vail Resorts, Inc.United States flag

MTN · Consumer Cyclical · Gambling, Resorts & Casinos · Market cap $4.92B

2 funds in our archive have pitched Vail Resorts, Inc. — most recently Warden Capital in December 2025.

Company profile

Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities. The Lodging segment owns and/or manages various luxury hotels and condominiums, and other lodging properties under the RockResorts brand; various condominiums located in proximity to the company's mountain resorts; destination resorts; and golf courses, as well as offers resort ground transportation services. This segment operates owned and managed hotel and condominium units. The Real Estate segment owns, develops, and sells real estate properties. The company was incorporated in 1997 and is based in Broomfield, Colorado.

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Summarize with Warren AI
2
Reported positions
0
Bought
1
Sold
4
Letters

Position history

Between Q2 2025 and Q2 2026, 2 fund letters reported a position in Vail Resorts, Inc.1 trimmed or exited.

Fund letters reporting a position in Vail Resorts, Inc., by quarter
QuarterLettersBoughtSoldTheses
Q2 20262010
Q4 20250001
Q2 20250001

Fund activity · 2 positions · 1 move

  • TrimmedBaron Real Estate Income Fund
    June 2026

    Listed in Baron Real Estate Income Fund’s reported holdings.

    Read the letterVail Resorts, Inc.
  • HoldsBaron Real Estate Income Strategy
    June 2026
    Current non-REIT holdings include Meritage Homes Corporation , Brookfield Infrastructure Corporation , Marriott Vacations Worldwide Corporation , Fortune Brands Innovations, Inc. , CRH public limited company , Vail Resorts, Inc. , The Home Depot, Inc. , GDS Holdings Limited , and Wyndham Hotels & Resorts, Inc.
    Read the letterVail Resorts, Inc.

Fund coverage · 2 theses

  • Warden Capital
    December 2025

    Vail Resorts, Inc. owns irreplaceable ski assets with limited new competition, trades cheaply versus replacement cost, and has manageable snowfall risk smoothed by Epic Pass revenues.

    Read the full thesis
  • Baron Focused Growth Fund
    June 2025

    Vail is well-positioned for long-term growth with strong financial visibility, effective operational planning, and a focus on enhancing guest experience, supported by a strategic cost-cutting plan and a solid balance sheet.

    Read the full thesis

Read every full thesis on Vail Resorts, Inc.

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