Billionaire Mason Hawkins’ Top 15 Long-Term Stock Picks 

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6. MGM Resorts International (NYSE:MGM)

Number of Hedge Fund Holders: 46  

MGM Resorts International (NYSE:MGM) is a Las Vegas-based hospitality and entertainment firm that runs several destination resorts. The hedge fund’s end-of-quarter filings for Q3 2024 showed ownership of 2.1 million shares in MGM Resorts International (NYSE:MGM), worth more than $85.9 million and equating to 4.05% of its 13F portfolio. In the third quarter of 2024, MGM Resorts reported a 4% increase in net revenues for its Las Vegas Strip Resorts compared to the same period in 2023, driven by higher catering and banquet revenues. Regional Operations also saw a 3% increase in net revenues, primarily due to increased casino revenue. MGM Resorts is also planning to develop Dubai Sphere, an entertainment venue as compelling as the Las Vegas Sphere, in the Middle East.

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