The divergence between large quant sellers (Jane Street, Point72, Millennium) and a few large asset manager buyers (Goldman Sachs, Bridgewater, Eurizon) suggests no single catalyst consensus. Monitor upcoming earnings and Macau/Singapore revenue trends for resolution. The 45-day reporting lag means these positions may have already been adjusted.
Executive Summary
Q2 2026 13F filings for LVS reveal a mixed institutional cluster: 54 buyers added $79.1M in net new positions (led by Bridgewater, Eurizon, and Goldman Sachs), while 54 sellers reduced holdings by $297.1M (led by Jane Street, Point72, and Millennium). The net selling pressure of -$218M suggests a cautious or rotating stance among active quant and mega-passive managers, partially offset by conviction buys from a few large asset managers.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$218.0M
▲ Buyers (54)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Bridgewater | DOUBLED | +603% | $18.2M | $15.2M |
| Eurizon Capital Sgr S.p.a. | DOUBLED | +2690.1% | $28.6M | $27.4M |
| Goldman Sachs | ADD | +39.4% | $113.9M | $18.6M |
| Robeco Institutional Asset Management B.v. | DOUBLED | +170.4% | $11.0M | $6.3M |
▼ Sellers (54)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Jane Street Group | NEAR_EXIT | -98.6% | $87.2M | -$86.1M |
| Point72 | NEAR_EXIT | -83.8% | $71.0M | -$61.1M |
| Millennium | TRIM | -26.7% | $131.5M | -$48.9M |
| UBS | TRIM | -27.7% | $88.3M | -$33.6M |
| BofA | TRIM | -35.7% | $73.2M | -$32.9M |
Key Facts
- 54 buyers accumulated $79.1M in net new positions; 54 sellers reduced by $297.1M.
- Bridgewater doubled its stake (+603% shares, +$15.2M value).
- Eurizon Capital Sgr S.p.a. nearly 27x its position (+$27.4M value).
- Jane Street Group nearly fully exited (-98.6% shares, -$86.1M value).
- Point72 cut 83.8% of its stake (-$61.1M value).
- Millennium trimmed 26.7% (-$48.9M value).
- Goldman Sachs added 39.4% (+$18.6M value).
- BofA and UBS each trimmed over $30M in value.
Financial Impact
Net institutional selling of approximately $218M in Q2 2026, with $256.8M in total buyer holdings vs $297.1M in total seller reductions.
Risk Factors
- 13F data is 45+ days stale; current positions may differ materially.
- Net selling pressure of $218M could weigh on near-term sentiment.
- Macau gaming revenue trends and China macro headwinds remain key unknowns.
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-LVS-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $36.27 | awaiting T+1 | — | — |
Oct 23, 2026 4d ago | Institutional Cluster | $35.68 $36.57 | ▼ −2.49% | ▼ −1.78% | — |
Oct 21, 2026 5d ago | 8-K | $36.53 $35.68 | ▲ +2.33% | ▲ +1.80% | — |
Oct 14, 2026 12d ago | Press Release | $38.32 | awaiting T+1 | — | — |
Oct 12, 2026 15d ago | Institutional Cluster | $36.15 $37.04 | ▲ +2.46% | ▲ +2.47% | — |
Jul 15, 2026 14w ago | Press Release | $45.70 | awaiting T+1 | — | — |
May 13, 2026 23w ago | 8-K | $50.64 $51.13 | ▲ +0.97% | ▲ +2.20% | — |
May 5, 2026 24w ago | 8-K | $53.16 $53.75 | ▲ +1.11% | ▲ +1.44% | — |
May 4, 2026 25w ago | 424B5 | $51.84 $52.25 | ▲ +0.79% | ▼ −0.00% | — |
Apr 22, 2026 26w ago | 8-K | $51.93 $52.61 | ▲ +1.31% | ▲ +0.52% | — |
US Market Status
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