UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. ___)
 
 
Vail Resorts, Inc.
(Name of Issuer)
 
 
Common Stock, $0.01 par value
(Title of Class of Securities)
 
 
91879Q109
(CUSIP Number)
 
 
November 3, 2020
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[  ]   Rule 13d-1(b)
[X]   Rule 13d-1(c)
[  ]   Rule 13d-1(d)

_______________________

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






CUSIP Number:  91879Q109


1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF REPORTING PERSON  (VOLUNTARY) (ENTITIES ONLY):
 
APG Asset Management US Inc.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a) [ ]
(b) [X]
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware, United States of America
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
0
 
6
SHARED VOTING POWER
 
2,034,570
 
7
SOLE DISPOSITIVE POWER
0
 
8
SHARED DISPOSITIVE POWER
 
2,034,570
 
9
AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
 
  2,034,570
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
[  ]
11
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9

    5.1%*
12
TYPE OF REPORTING PERSON
 
 
CO


* Based on 40,249,124 shares of Common Stock outstanding as of October 7, 2020, as reported in the Issuer’s Proxy Statement on Form DEF 14A filed with the Securities and Exchange Commission on October 21, 2020.





2

CUSIP Number:  91879Q109


1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF REPORTING PERSON (VOLUNTARY)
(ENTITIES ONLY):
 
APG Asset Management, N.V.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
(a) [ ]
(b) [X]
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Kingdom of the Netherlands
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
0
 
6
SHARED VOTING POWER
 
2,034,570
 
7
SOLE DISPOSITIVE POWER
0
 
8
SHARED DISPOSITIVE POWER
 
2,034,570
 
9
AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
 
2,034,570
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
[  ]
11
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9

    5.1%*
12
TYPE OF REPORTING PERSON
 
 
CO
* Based on 40,249,124 shares of Common Stock outstanding as of October 7, 2020, as reported in the Issuer’s Proxy Statement on Form DEF 14A filed with the Securities and Exchange Commission on October 21, 2020.






3

CUSIP Number:  91879Q109


1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF REPORTING PERSON (VOLUNTARY)
(ENTITIES ONLY):
 
APG Groep, N.V.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
(a) [ ]
(b) [X]
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Kingdom of the Netherlands
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
0
 
6
SHARED VOTING POWER
 
2,034,570
 
7
SOLE DISPOSITIVE POWER
0
 
8
SHARED DISPOSITIVE POWER
 
2,034,570
 
9
AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
 
2,034,570
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
[  ]
11
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9

     5.1%*
12
TYPE OF REPORTING PERSON
 
 
CO


* Based on 40,249,124 shares of Common Stock outstanding as of October 7, 2020, as reported in the Issuer’s Proxy Statement on Form DEF 14A filed with the Securities and Exchange Commission on October 21, 2020.





4

CUSIP Number:  91879Q109


1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF REPORTING PERSON (VOLUNTARY)
(ENTITIES ONLY):
 
Stichting Pensioenfonds ABP
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
(a) [ ]
(b) [X]
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Kingdom of the Netherlands
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
0
 
6
SHARED VOTING POWER
 
2,034,570
 
7
SOLE DISPOSITIVE POWER
0
 
8
SHARED DISPOSITIVE POWER
 
2,034,570
 
9
AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
2,034,570
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
[  ]
11
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9

      5.1%*
12
TYPE OF REPORTING PERSON
 
 
EP


* Based on 40,249,124 shares of Common Stock outstanding as of October 7, 2020, as reported in the Issuer’s Proxy Statement on Form DEF 14A filed with the Securities and Exchange Commission on October 21, 2020.





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CUSIP Number:  91879Q109

SCHEDULE 13G

ITEM 1(a) -
NAME OF ISSUER:
 
Vail Resorts, Inc.
   
ITEM 1(b) -
ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:
 
390 Interlocken Crescent, Broomfield, CO  80021
   
ITEM 2(a) -
NAME OF PERSON FILING:
 
(1)  APG Asset Management US Inc.
(2)  APG Asset Management, N.V.
(3)  APG Groep, N.V.
(4)  Stichting Pensioenfonds ABP
 
 
The Joint Filing Agreement among the Reporting Persons is filed herewith as Exhibit 1.
 
ITEM 2(b) -
ADDRESS OF PRINCIPAL BUSINESS OFFICE:
 
 
(1) 666 3rd Ave., 2nd Floor, New York, NY  10017
(2) Gustav Mahlerplein 3, 1082 MS Amsterdam
(3) Oude Lindestraat 70, Postbus 6401, Heerlen, Netherlands
(4) PO Box 4806, 6401 JL Heerlen, Netherlands
 
ITEM 2(c) -
CITIZENSHIP:
 
(1) Delaware, United States of America (a Delaware corporation)
(2) Kingdom of the Netherlands (a Dutch corporation)
(3) Kingdom of the Netherlands (a Dutch corporation)
(4) Kingdom of the Netherlands (a Dutch pension plan)
   
ITEM 2(d) -
TITLE OF CLASS OF SECURITIES:
 
Common Stock, $0.01 par value
   
ITEM 2(e) -
CUSIP NUMBER:
 
91879Q109

































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CUSIP Number:  91879Q109

   
ITEM 4 -
OWNERSHIP:
 
The information requested in this item is incorporated herein by reference to the cover pages to this Schedule 13G.
 
 
APG Asset Management, N.V. ("APG NL") is wholly-owned by APG Groep, N.V. (“APG Groep”) and is the investment manager with respect to the securities to which this statement relates.  Pursuant to an Investment Management Agreement, APG NL has delegated its investment and voting power with respect to such securities to APG Asset Management US, Inc. (“APG US”), which is its wholly-owned subsidiary.  Stichting Pensioenfonds ABP is the majority owner of APG Groep.  By virtue of the relationships described above, each of the Reporting Persons may be deemed to share beneficial ownership of the securities to which this statement relates and may be deemed to be a member of a “group” (within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended). However, each Reporting Person disclaims membership in any such group, and further, each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
 
ITEM 5 -
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
 
 
Not applicable.
 
ITEM 6 -
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
 
 
Not applicable.
 
ITEM 7 -
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED  THE SECURITY BEING REPORTED ON BY THE PARENT COMPANY:
 
 
Not applicable.
 
ITEM 8 -
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
 
 
Not applicable.
 
ITEM 9 -
NOTICE OF DISSOLUTION OF GROUP:
 
 
Not applicable.
 
ITEM 10 -
CERTIFICATION:
 
 
By signing below the undersigned certify that, to the best of the undersigned’s knowledge and belief, the securities referred to herein were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.
 







7

CUSIP Number:  91879Q109

SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Date: November 4, 2020

APG ASSET MANAGEMENT US, INC.

By: /s/ Evan Gordon
Name:  Evan Gordon
Title:  Chief Compliance Officer

APG ASSET MANAGEMENT, N.V.

By: /s/ Evan Gordon
Name:  Evan Gordon
Title:  Chief Compliance Officer

APG GROEP, N.V.

By: /s/ Evan Gordon
Name:  Evan Gordon
Title:  Chief Compliance Officer


STICHTING PENSIOENFONDS ABP

By: /s/ Evan Gordon
Name:  Evan Gordon
Title:  Chief Compliance Officer







8

CUSIP Number:  91879Q109

EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G to which this Agreement is annexed as Exhibit 1, and any amendments thereto, is and will be filed on behalf of each of them in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
Date: November 4, 2020

APG ASSET MANAGEMENT US, INC.

By: /s/ Evan Gordon
Name:  Evan Gordon
Title:  Chief Compliance Officer

APG ASSET MANAGEMENT, N.V.

By: /s/ Evan Gordon
Name:  Evan Gordon
Title:  Chief Compliance Officer

APG GROEP, N.V.

By: /s/ Evan Gordon
Name:  Evan Gordon
Title:  Chief Compliance Officer


STICHTING PENSIOENFONDS ABP

By: /s/ Evan Gordon
Name:  Evan Gordon
Title:  Chief Compliance Officer





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