Davis Selected Advisers has made a significant move by increasing its ownership stake in MGM Resorts International to 9.6%. This change, detailed in a recent filing, underscores the firm's confidence in the hospitality industry as it continues to recover from the impacts of the pandemic.

MGM Resorts International, known for its extensive portfolio in the hotels and motels sector, is a major player in the hospitality market. The company operates iconic properties such as the Bellagio and MGM Grand in Las Vegas. The recent filing, dated November 6, 2026, reveals that Davis Selected Advisers now holds 24,043,354 shares of MGM Resorts, with 23,274,889 shares having sole voting power.

Background

Davis Selected Advisers, based in Tucson, Arizona, is an investment advisory firm. The company focuses on long-term investments and is known for its strategic management of portfolios. The firm has been actively involved in various filings with the SEC, including multiple Schedule 13G/A submissions, indicating its ongoing interest in different companies.

What the Filing Says

The Schedule 13G/A filing indicates that Davis Selected Advisers has increased its beneficial ownership in MGM Resorts International. The filing states, "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." This highlights the firm's intent to hold its shares without seeking to influence control over MGM Resorts.

Impact

This increase in stake may affect various stakeholders, including MGM Resorts' management and existing shareholders. It reflects a growing confidence in the hospitality sector, which has seen a resurgence as travel and tourism rebound. Competitors in the hotels and motels sector will also be watching closely, as this move could influence market dynamics and investor sentiment.

What's Next

The filing does not say what happens next regarding further actions from Davis Selected Advisers or MGM Resorts International. However, the increased stake may position Davis for a more influential role in future corporate decisions or strategies.