VAIL RESORTS INC

Ticker: MTN CUSIP: 91879Q109 Class: Common Stock

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 41,355 Value ($000) $5,492 Avg Close $147.17 Range $132.59 - $163.34

Q3 2025

Shares 54,555 Value ($000) $8,160 Avg Close $155.21 Range $139.50 - $172.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	41,355	$5,492	$147.17	$132.59 - $163.34
Q3 2025	54,555	$8,160	$155.21	$139.50 - $172.00