Red Rock Resorts (RRR) is Capitalizing on Its Durango Property

5 days ago 6

Soumya Eswaran

Wed, February 11, 2026 astatine 7:29 AM CST 3 min read

Baron Fund, an concern absorption company, released its Q4 2025 missive for “Baron Partners Fund”. A transcript of the missive tin beryllium downloaded here. The Fund accrued considerably successful the 4th quarter, returning 19.07% (Institutional Shares). It outperformed some the Russell Midcap Growth Index (the Benchmark), which returned -3.70%, and the broader Russell 3000 Index, which returned 2.40% successful the quarter. The Fund returned 24.86% successful the calendar year, importantly outperforming the Russell Midcap Growth Index, which posted a instrumentality of 8.66%, and the Russell 3000 Index, which returned 17.15%. The Fund focuses connected semipermanent investments successful a non-diversified portfolio of well-managed maturation businesses astatine charismatic prices crossed marketplace caps. It has consistently delivered beardown implicit and comparative show implicit the agelong term. The Fund has seen important appreciation during bully times and has preserved worth during challenging periods. Please reappraisal the Fund’s apical 5 holdings to summation insights into their cardinal selections for 2025.

In its fourth-quarter 2025 capitalist letter, Baron Partners Fund highlighted stocks similar Red Rock Resorts, Inc. (NASDAQ:RRR). Headquartered successful Las Vegas, Nevada, Red Rock Resorts, Inc. (NASDAQ:RRR) develops and operates casino and amusement properties. One-month instrumentality of Red Rock Resorts, Inc. (NASDAQ:RRR) was 7.95%, and its shares gained 29.51% of their worth implicit the past 52 weeks. On February 10, 2026, Red Rock Resorts, Inc. (NASDAQ:RRR) banal closed astatine $66.79 per share, with a marketplace capitalization of $6.874 billion.

Baron Partners Fund stated the pursuing regarding Red Rock Resorts, Inc. (NASDAQ:RRR) successful its 4th fourth 2025 capitalist letter:

"Finally, Red Rock Resorts, Inc. (NASDAQ:RRR), a casino proprietor and relation focused connected the Las Vegas Locals market, spent implicit $800 cardinal processing a caller elite property, Durango, for this market. It successfully completed Durango and is present generating robust returns alongside strengthening show crossed six halfway Las Vegas Locals casinos. The institution continues to study beardown visitation and robust slot and array crippled play, on with improving enactment from uncarded and non-rewards customers. The company’s inaugural of opening its Durango spot is generating robust returns, and show crossed the company’s six halfway casinos has strengthened arsenic the Las Vegas Locals marketplace absorbs Durango’s other supply. Given the spot of the market, absorption continues to ramp up superior investment, which we judge should enactment ongoing gross and EBITDA maturation implicit the adjacent respective years. The banal appreciated 39.4% successful 2025."