Fund reports stake in resort operator

Monday, Feb. 21, 2000 | 11:23 a.m.

FMR Corp., parent company of Fidelity Management & Research Co. of Boston, reported a 6.34 percent stake in Mirage Resorts Inc. of Las Vegas.

The company, one of the largest mutual fund operators in the United States, reported holdings of 12.25 million shares in a Feb. 11 filing with the Securities and Exchange Commission. It is the first ownership filing by Fidelity.

Separately, Capital Research & Management Co. of Los Angeles, an investment advisory firm, reported holdings of 2.11 million shares in Mirage, a 1.1 percent stake. One year ago, the firm had reported holdings of 10.74 million shares, or 5.9 percent of the company's stock.

And the TCW Group Inc., a Los Angeles-based investment advisory firm, reported an increase in its holdings of Mirage.

TCW reported holdings of 14.97 million shares of Mirage, a 7.8 percent stake. One year ago, the company reported holdings of 11.65 million shares, or 6.4 percent of the company.

The filing did not indicate when TCW purchased the shares or at what price.

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