Gerber Kawasaki Cuts Holdings in MGM Resorts

Investment firm reduces stake in casino operator by over 26%

Published on Mar. 9, 2026

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Gerber Kawasaki Wealth & Investment Management reduced its holdings in MGM Resorts International (NYSE:MGM) by 26.7% in the 3rd quarter, according to a recent 13F filing with the SEC. The firm now owns 125,524 shares of the company's stock, down from 171,363 shares previously.

Why it matters

MGM Resorts is one of the largest casino operators in the world, with properties across the Las Vegas Strip and other major gaming destinations. Institutional investors like Gerber Kawasaki closely monitor and adjust their positions in MGM as an indicator of the company's performance and the broader gaming industry.

The details

According to the 13F filing, Gerber Kawasaki sold 45,839 shares of MGM Resorts during the 3rd quarter. The firm's remaining stake in MGM is now valued at $4.35 million. The filing does not provide specific reasons for the reduction in holdings, but it likely reflects Gerber Kawasaki's assessment of MGM's outlook and valuation compared to other investment opportunities.

  • Gerber Kawasaki reduced its MGM holdings in the 3rd quarter of 2026.

The players

Gerber Kawasaki Wealth & Investment Management

An investment management firm that oversees over $1.5 billion in client assets.

MGM Resorts International

A leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos.

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The takeaway

Gerber Kawasaki's reduction in its MGM Resorts stake suggests the investment firm sees better opportunities elsewhere in the market, though the casino operator remains a significant holding. Institutional investors' trading activity in MGM can provide insights into the broader gaming industry's performance and outlook.