BOYD GAMING CORP BYD
COM · Common Stock · CUSIP 103304101 · ISIN US1033041013
Gaming company in the United States
- SectorConsumer discretionary
- IndustryHotels & Motels
- HeadquartersLas Vegas, NV
- Founded1941
- Websiteboydgaming.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.9m this quarter). Holder counts are more reliable. Shares outstanding: 72.7m as of 2026-07-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $88.35. Options: 11 managers hold calls ($95.4m notional), 9 hold puts ($21.0m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 318 |
| Q4 2022 | 351 |
| Q1 2023 | 338 |
| Q2 2023 | 359 |
| Q3 2023 | 345 |
| Q4 2023 | 344 |
| Q1 2024 | 324 |
| Q2 2024 | 328 |
| Q3 2024 | 327 |
| Q4 2024 | 346 |
| Q1 2025 | 356 |
| Q2 2025 | 364 |
| Q3 2025 | 398 |
| Q4 2025 | 426 |
| Q1 2026 | 413 |
| Q2 2026 | 422 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 166 | 148 |
| Q4 2024 | 155 | 161 |
| Q1 2025 | 182 | 163 |
| Q2 2025 | 168 | 198 |
| Q3 2025 | 201 | 180 |
| Q4 2025 | 190 | 221 |
| Q1 2026 | 207 | 192 |
| Q2 2026 | 179 | 211 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $170.6m | $118.3m | 0.69 |
| Q4 2025 | $145.2m | $88.2m | 0.61 |
| Q1 2026 | $88.1m | $39.9m | 0.45 |
| Q2 2026 | $95.4m | $21.0m | 0.22 |
Biggest buyers
| COHEN & STEERS, INC. | Added | +3.8m |
| AMERICAN CENTURY COMPANIES INC | Added | +504.2k |
| BAMCO INC /NY/ | Added | +386.6k |
| GOLDMAN SACHS GROUP INC | Added | +375.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +336.5k |
| CITADEL ADVISORS LLC | Added | +294.2k |
| Squarepoint Ops LLC | Added | +268.4k |
| HRT FINANCIAL LP | New | +242.5k |
| SEI INVESTMENTS CO | Added | +237.0k |
| MORGAN STANLEY | Added | +225.1k |
Biggest sellers
| Boston Partners | Reduced | -1.7m |
| Ilex Capital Partners (UK) LLP | Sold out | -473.6k |
| WEDGE CAPITAL MANAGEMENT L L P/NC | Sold out | -415.6k |
| FMR LLC | Reduced | -372.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -343.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -261.6k |
| Gotham Asset Management, LLC | Reduced | -176.8k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -175.8k |
| Freestone Grove Partners LP | Reduced | -162.0k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -161.0k |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $46.2m523.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $20.6m233.6k shares |
| CITADEL ADVISORS LLC | Added | $10.1m113.8k shares |
| IMC-Chicago, LLC | Added | $6.7m75.8k shares |
| Walleye Trading LLC | Reduced | $5.0m56.1k shares |
| PEAK6 LLC | Unchanged | $4.0m44.8k shares |
| Twin Tree Management, LP | Reduced | $1.7m18.7k shares |
| SIMPLEX TRADING, LLC | Added | $812.6k9.2k shares |
| Squarepoint Ops LLC | Reduced | $273.8k3.1k shares |
| Walleye Capital LLC | Added | $141.3k1.6k shares |
Biggest puts
| IMC-Chicago, LLC | Reduced | $4.2m47.9k shares |
| GROUP ONE TRADING LLC | Added | $3.7m42.1k shares |
| CITADEL ADVISORS LLC | Unchanged | $3.3m37.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.0m33.7k shares |
| JANE STREET GROUP, LLC | Reduced | $1.7m18.9k shares |
| Walleye Trading LLC | Reduced | $1.6m18.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.6m18.3k shares |
| Twin Tree Management, LP | Unchanged | $1.3m14.4k shares |
| Walleye Capital LLC | Added | $574.1k6.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| COHEN & STEERS, INC. 13G · institution +3.6 pts · filed 2026-08-14 | 8.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 5 | $17.7m | — |
| Q1 2025 | 0 | — | 5 | $10.8m | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 7 | $32.8m | — |
| Q4 2025 | 0 | — | 1 | $1.6m | — |
| Q1 2026 | 0 | — | 3 | $6.2m | — |
| Q2 2026 | 0 | — | 4 | $17.4m | — |
| Q3 2026 | 0 | — | 2 | $1.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-24 | JOHNSON MARIANNE BOYD Director · By Trust* | Sold | $98412 shares |
| 2026-07-28 | Hirsberg Josh CFO & Treasurer | Sold | $1.1m12.8k shares |
| 2026-06-09 | Clinton Uri Chief Legal Off. & Secretary | Sold | $304.1k3.5k shares |
| 2026-06-03 | SMITH KEITH President and CEO, director | Sold | $8.6m100.0k shares |
| 2026-05-13 | SPADAFOR CHRISTINE J. Director | Sold | $100.1k1.2k shares |
| 2026-05-05 | JOHNSON MARIANNE BOYD Chairman, director · By Trust* | Sold | $5.3m62.9k shares |
| 2026-05-01 | JOHNSON MARIANNE BOYD Chairman, director · By Trust* | Sold | $3.2m37.1k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| COHEN & STEERS, INC. 0.88% of their portfolio | 6.3m $554.8m | Added +3.8m |
| BlackRock, Inc. 0.01% of their portfolio | 5.5m $486.7m | Reduced -41.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 2.5m $222.1m | Reduced -261.6k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.4m $209.8m | Reduced -28.4k |
| ARIEL INVESTMENTS, LLC 1.92% of their portfolio | 2.2m $192.8m | Reduced -92.1k |
| STATE STREET CORP 0.00% of their portfolio | 1.9m $167.0m | Reduced -78.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.5m $128.6m | Reduced -160.9k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 1.4m $120.4m | Added +504.2k |
| Boston Partners 0.09% of their portfolio | 1.1m $96.9m | Reduced -1.7m |
| Invesco Ltd. 0.01% of their portfolio | 1.0m $89.9m | Added +44.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 1.0m $89.4m | Reduced -343.8k |
| FMR LLC 0.00% of their portfolio | 953.0k $84.2m | Reduced -372.3k |
| Quantinno Capital Management LP 0.10% of their portfolio | 941.3k $83.1m | Added +16.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 852.7k $75.3m | Reduced -40.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 835.1k $75.0m | Added +18.4k |
| Nuveen, LLC 0.02% of their portfolio | 816.5k $72.1m | Reduced -64.8k |
| MORGAN STANLEY 0.00% of their portfolio | 799.7k $70.6m | Added +225.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 793.0k $70.0m | Added +223.5k |
| Channing Capital Management, LLC 1.53% of their portfolio | 754.0k $66.6m | Reduced -20.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 717.1k $63.3m | Reduced -92.5k |
| Gotham Asset Management, LLC 0.14% of their portfolio | 681.2k $60.2m | Reduced -176.8k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 653.1k $57.7m | Reduced -19.6k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 596.6k $52.7m | Reduced -157.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 591.7k $52.3m | Added +375.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 568.3k $50.2m | Reduced -33.5k |
| LSV ASSET MANAGEMENT 0.09% of their portfolio | 568.1k $50.2m | Added +171.6k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.07% of their portfolio | 537.6k $47.5m | Reduced -4.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 512.2k $45.2m | Reduced -25.9k |
| BWCP, LP 6.32% of their portfolio | 500.6k $44.2m | Added +36.5k |
| UBS Group AG 0.01% of their portfolio | 498.7k $44.1m | Added +220.9k |
| BAMCO INC /NY/ 0.06% of their portfolio | 466.3k $41.2m | Added +386.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 456.0k $40.3m | Reduced -46.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.17% of their portfolio | 452.5k $40.0m | Added +336.5k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 436.8k $38.6m | Added +237.0k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 427.1k $37.7m | Added +294.2k |
| NORGES BANK 0.00% of their portfolio | 401.5k $35.5m | Not comparable |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 357.5k $31.6m | Reduced -18.4k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 342.7k $30.3m | Reduced -10.6k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.08% of their portfolio | 330.3k $29.2m | Reduced -161.0k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 326.5k $28.7m | Reduced -1.1k |
| Arbejdsmarkedets Tillaegspension 0.62% of their portfolio | 324.0k $28.6m | Added +24.1k |
| Squarepoint Ops LLC 0.05% of their portfolio | 277.0k $24.5m | Added +268.4k |
| CITIGROUP INC 0.01% of their portfolio | 273.6k $24.2m | Added +109.2k |
| PINNACLE ASSOCIATES LTD 0.26% of their portfolio | 272.4k $24.1m | Reduced -18.5k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 261.0k $23.1m | Added +80.0k |
| HRT FINANCIAL LP 0.05% of their portfolio | 242.5k $21.4m | New |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 221.9k $19.6m | Reduced -18.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 221.4k $19.6m | Reduced -110.8k |
| DEPRINCE RACE & ZOLLO INC 0.27% of their portfolio | 181.8k $16.1m | Reduced -83.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 180.9k $16.0m | Reduced -14.1k |
| Creative Planning 0.01% of their portfolio | 177.6k $15.7m | Added +80.7k |
| GAMCO INVESTORS, INC. ET AL 0.14% of their portfolio | 175.2k $15.5m | Reduced -7.3k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 169.9k $15.0m | Added +136.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 168.3k $14.9m | Added +121.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 159.0k $14.0m | Reduced -175.8k |
| GLENMEDE TRUST CO NA 0.06% of their portfolio | 158.6k $14.0m | Reduced -6.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 155.6k $13.7m | Added +61.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 149.8k $13.2m | Added +1.1k |
| Treasurer of the State of North Carolina 0.03% of their portfolio | 140.6k $12.4m | Added +4.9k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 130.5k $11.5m | Reduced -80.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 129.6k $11.4m | Added +73.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 124.9k $11.0m | Reduced -4.0k |
| Jump Financial, LLC 0.10% of their portfolio | 124.3k $11.0m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 123.5k $10.9m | Reduced -1.0k |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 122.9k $10.9m | Added +24.1k |
| Aptus Capital Advisors, LLC 0.08% of their portfolio | 122.3k $10.8m | Added +756 |
| Schonfeld Strategic Advisors LLC 0.06% of their portfolio | 120.6k $10.7m | New |
| Seven Six Capital Management, LLC 9.50% of their portfolio | 117.8k $10.4m | Reduced -8.1k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.55% of their portfolio | 116.2k $10.3m | Added +82.2k |
| Hudson Bay Capital Management LP 0.05% of their portfolio | 113.0k $10.0m | Reduced -135.9k |
| BI Asset Management Fondsmaeglerselskab A/S 0.08% of their portfolio | 111.9k $9.9m | Added +2.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 111.4k $9.8m | Added +65.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 110.2k $9.7m | Added +5.3k |
| GATEWAY INVESTMENT ADVISERS LLC 0.10% of their portfolio | 109.9k $9.7m | Reduced -104 |
| Cambria Investment Management, L.P. 0.47% of their portfolio | 106.6k $9.4m | Reduced -497 |
| ROYCE & ASSOCIATES LP 0.08% of their portfolio | 105.9k $9.4m | Added +4.3k |
| Swiss National Bank 0.00% of their portfolio | 105.8k $9.3m | Reduced -2.4k |
| FOSTER & MOTLEY INC 0.42% of their portfolio | 102.9k $9.1m | Added +4.1k |
| Corient Private Wealth LP 0.01% of their portfolio | 102.9k $9.1m | Reduced -6.5k |
| ExodusPoint Capital Management, LP 0.08% of their portfolio | 94.1k $8.3m | Added +17.1k |
| BARCLAYS PLC 0.00% of their portfolio | 93.8k $8.3m | Added +32.1k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 87.4k $7.7m | Reduced -44.3k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 84.9k $7.5m | Added +5.4k |
| GABELLI FUNDS LLC 0.05% of their portfolio | 83.9k $7.4m | Unchanged |
| Black Diamond Capital Management I, LLLP 4.80% of their portfolio | 82.0k $7.2m | Unchanged |
| Sequoia Financial Advisors, LLC 0.03% of their portfolio | 77.6k $6.9m | Added +7.7k |
| Illinois Municipal Retirement Fund 0.08% of their portfolio | 76.8k $6.8m | Added +6.1k |
| Campbell & CO Investment Adviser LLC 0.35% of their portfolio | 76.1k $6.7m | New |
| Legal & General Group Plc 0.00% of their portfolio | 75.4k $6.7m | Reduced -2.8k |
| Verition Fund Management LLC 0.04% of their portfolio | 70.5k $6.2m | Added +46.3k |
| Bridgewater Associates, LP 0.02% of their portfolio | 67.8k $6.0m | Reduced -93.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 64.0k $5.7m | Added +11.2k |
| Nitorum Capital, L.P. 3.81% of their portfolio | 63.3k $5.6m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 62.9k $5.6m | Reduced -1.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 61.3k $5.0m | Reduced -8.3k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 60.4k $5.3m | Added +7.9k |
| Retirement Systems of Alabama 0.02% of their portfolio | 56.9k $5.0m | Reduced -14.0k |
| QRG CAPITAL MANAGEMENT, INC. 0.04% of their portfolio | 54.3k $4.8m | Added +6.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 53.7k $4.7m | Reduced -1.0k |
| WINTON GROUP Ltd 0.15% of their portfolio | 52.4k $4.6m | New |