MSA Advisors Sells Out of Vail Resorts Position, Unloads $8.3 Million in Stock

What other to cognize

MSA Advisors afloat liquidated its Vail Resorts stake; it present represents 0% of the fund’s 13F AUM.

• Top holdings aft the filing:

  • Apollo Global Management: $96.24 cardinal (28.9% of AUM)

  • State Street SPDR S&P 500 ETF: $49.97 cardinal (15.0% of AUM)

  • Starbucks: $30.82 cardinal (9.3% of AUM)

  • Live Nation Entertainment: $28.46 cardinal (8.6% of AUM)

  • Alphabet, Class C: $24.80 cardinal (7.5% of AUM)

As of May 15, 2026, Vail Resorts shares were priced astatine $121.56, down 14.6% implicit the past twelvemonth and underperforming the S&P 500 by 40 percent points.

Company overview

Company snapshot

Vail Resorts:

• Operates 37 upland resorts and determination skis areas, luxury hotels, condominiums, play courses, and provides edifice crushed proscription services.

• Generates gross done assistance summons sales, skis school, dining, retail/rental operations, lodging, and existent property improvement and sales.

• Serves destination and determination leisure travelers, vacationers, and edifice guests chiefly successful the United States.

Vail Resorts, Inc. is simply a starring relation of upland resorts and luxury lodging properties, with a diversified gross basal spanning assistance tickets, hospitality, and existent estate.

What this transaction means for investors

MSA Advisors’ merchantability of Vail Resorts is noteworthy for a fewer reasons. First, it was a implicit liquidation of the stock, conscionable a twelvemonth aft the steadfast had primitively purchased it. Second, it had been a 2% presumption successful MSA’s portfolio, truthful it wasn’t conscionable a specified starter position. In fact, MSA had added to its MTN presumption 3 quarters successful a enactment earlier the sale.

Third, MSA unloaded the banal astatine a loss, arsenic MTN banal has slid 19% implicit the past year. Over the past 5 years, MTN’s stock terms has dropped 60%. Vail Resorts whiffed connected its all-important Q2 earnings, and the institution has yet to present tangible results from the turnaround it promised shareholders. Revenue and adjusted EBITDA dropped 5% and 8%, respectively, and Vail lowered its full-year guidance.

That said, snowfall successful the Rockies was its lowest successful 30 years, which, alongside accrued temperatures, created a “worst-case scenario” for the institution weather-wise. Keeping that successful mind, it wasn’t an atrocious quarter. Normally, I powerfully dislike proceeding astir the upwind impacting immoderate company’s results, but Vail Resorts is 1 of the fewer that really has a case.