Aquatic Capital Management Cuts Stake in MGM Resorts

Institutional investor reduces position in casino operator by over 50%

Mar. 16, 2026 at 7:23am

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Aquatic Capital Management LLC, an institutional investor, has reduced its stake in MGM Resorts International (NYSE:MGM) by 54.4% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 214,118 shares of the casino company's stock, down from 469,646 shares previously.

Why it matters

This move by Aquatic Capital Management reflects broader shifts in investor sentiment around MGM Resorts as the company navigates the post-pandemic recovery of the gaming and hospitality industry. The reduction in stake could signal concerns about MGM's near-term outlook or a reallocation of the fund's portfolio.

The details

According to the 13F filing, Aquatic Capital Management sold 255,528 shares of MGM Resorts in the third quarter, leaving it with a remaining position of 214,118 shares worth approximately $7.4 million. The filing indicates the firm now owns approximately 0.08% of MGM's outstanding shares.

  • Aquatic Capital Management reduced its stake in MGM Resorts in the third quarter of 2025.

The players

Aquatic Capital Management LLC

An institutional investment firm that has reduced its stake in MGM Resorts International.

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

This reduction in Aquatic Capital Management's position in MGM Resorts reflects the broader uncertainty surrounding the gaming industry's recovery from the pandemic. Investors will be closely watching MGM's performance and strategic moves as it navigates the post-COVID landscape.