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RGA Investment Advisors Sold Vail Resorts Inc (MTN) in Q2, Keeps Door Open for Future Entry
RGA Investment Advisors, an investment management company, has released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter-end figures concealed the inherent volatility in the market, which began with a steep sell-off and ended with clarity around global trade that changed the environment for evaluating enterprises. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second-quarter 2025 investor letter, RGA Investment Advisors highlighted stocks such as Vail Resorts, Inc. (NYSE:MTN). Headquartered in Broomfield, Colorado, Vail Resorts, Inc. (NYSE:MTN) is a mountain resort and ski area operator. The one-month return of Vail Resorts, Inc. (NYSE:MTN) was -3.82%, and its shares lost 14.09% of their value over the last 52 weeks. On August 15, 2025, Vail Resorts, Inc. (NYSE:MTN) stock closed at $153.41 per share, with a market capitalization of $5.7 billion. RGA Investment Advisors stated the following regarding Vail Resorts, Inc. (NYSE:MTN) in its second quarter 2025 investor letter: "Had we known Rob Katz would return to Vail Resorts, Inc. (NYSE:MTN), we likely would not have sold our shares when we did. That said, we do not wholly regret this move and still do believe we will one day be shareholders of Vail again. This ski season ultimately did not go smoothly for Vail, with a self-inflicted, horribly managed PR crisis circus around the Park City Ski Patrol strike.2 We didn't buy Vail expecting a turnaround but that's what it became. Our exit reflected opportunity cost and a desire to step back while the company sort ed through reputational and operational issues. With Katz, the architect of the multi-mountain pass, back at the helm, we're watching closely and remain open to re-entering in the future." An aerial view of a mountain resort, its snow-capped peaks and lush ski slopes revealed in all their glory. Vail Resorts, Inc. (NYSE:MTN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held Vail Resorts, Inc. (NYSE:MTN) at the end of the first quarter, which was 35 in the previous quarter. While we acknowledge the potential of Vail Resorts, Inc. (NYSE:MTN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Vail Resorts, Inc. (NYSE:MTN) and shared Baron Focused Growth Fund's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
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Cable network MSNBC to rebrand as MS NOW before planned spinoff, WSJ reports
(Reuters) -Cable news channel MSNBC will rebrand as My Source News Opinion World, or MS NOW, ahead of the planned spinoff of the bulk of parent Comcast's NBCUniversal cable networks later this year, the Wall Street Journal reported on Monday. Comcast is moving forward with plans to spin off most of its cable networks, including CNBC and USA, into a new company called Versant, signaling a significant shift in its media strategy as streaming takes precedence. Launched in 1996, MSNBC stands for Microsoft and National Broadcasting Company, a name formed through its previous partnership with Microsoft and NBC. The name has outlived its time since Microsoft pulled out of the joint venture that owned MSNBC in 2012. CNBC will keep its name, which originally stood for Consumer News and Business Channel, and is working on a new logo, the WSJ report said. Comcast did not immediately respond to a Reuters request for comment. Sign in to access your portfolio
Yahoo
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Winklevoss Twins' Crypto Trading Platform Gemini Files for IPO
Key Takeaways Famous crypto investors Cameron and Tyler Winklevoss filed for an initial public offering for their crypto trading platform. The registration for the Gemini Space Station IPO noted that neither the number of shares nor their price has been determined. The Winklevoss twins said crypto is creating a new "Golden Age" in finance. Gemini Space Station, the cryptocurrency trading platform founded in 2014 by famed cryptocurrency investors Cameron and Tyler Winklevoss, has registered to launch an initial public offering. In a filing with regulators, Gemini said that the number of shares and the price of the offering have not yet been determined. The company explained that it has had a lifetime trading volume of $285 billion and boasted more than $18 billion worth of crypto under custody as of June 30. The Winklevoss twins wrote in the prospectus that with crypto, "a new Golden Age is upon us.' They said the financial markets "are moving onchain" and that "digital assets are profoundly changing the way we transact and store value." They added that "this is the crypto frontier" and that Gemini is a "Super App" for it. The company noted that it intended to trade on the Nasdaq under the ticker symbol "GEMI." Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
