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 ($20.2m this quarter). Holder counts are more reliable. Shares outstanding: 101.0m as of 2023-05-01, 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 ≈ $64.49. Options: 11 managers hold calls ($72.0m notional), 19 hold puts ($158.5m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 318 |
| Q4 2022 | 351 |
| Q1 2023 | 338 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 153 | 167 |
| Q1 2023 | 158 | 174 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $75.9m | $141.8m | 1.87 |
| Q4 2022 | $67.2m | $119.9m | 1.78 |
| Q1 2023 | $72.0m | $158.5m | 2.20 |
Biggest buyers
| FMR LLC | Added | +2.3m |
| Boston Partners | New | +1.3m |
| Balyasny Asset Management L.P. | New | +853.0k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +792.3k |
| VANGUARD GROUP INC | Added | +558.8k |
| Man Group plc | New | +394.3k |
| Driehaus Capital Management LLC | Added | +354.1k |
| Weiss Multi-Strategy Advisers LLC | Added | +318.5k |
| STRS OHIO | Added | +286.6k |
| BlackRock Inc. | Added | +198.9k |
Biggest sellers
| HG Vora Capital Management, LLC | Reduced | -1.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -987.9k |
| CANYON CAPITAL ADVISORS LLC | Sold out | -855.5k |
| CITADEL ADVISORS LLC | Reduced | -509.2k |
| Man Group plc | Sold out | -379.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -342.1k |
| Qube Research & Technologies Ltd | Reduced | -328.4k |
| MORGAN STANLEY | Reduced | -252.2k |
| Channing Capital Management, LLC | Reduced | -236.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -184.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $31.1m485.0k shares |
| CITADEL ADVISORS LLC | Reduced | $16.6m259.4k shares |
| PEAK6 Investments LLC | Added | $5.7m88.5k shares |
| Walleye Trading LLC | Reduced | $4.5m70.3k shares |
| JANE STREET GROUP, LLC | Reduced | $4.1m63.2k shares |
| Squarepoint Ops LLC | Reduced | $3.4m52.5k shares |
| GROUP ONE TRADING LLC | Added | $3.3m52.2k shares |
| SIMPLEX TRADING, LLC | Added | $2.2m33.6k shares |
| BARCLAYS PLC | New | $897.7k14.0k shares |
| Centiva Capital, LP | New | $282.1k4.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $45.9m716.3k shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $43.3m675.0k shares |
| NOMURA HOLDINGS INC | Unchanged | $30.5m475.0k shares |
| GOLDMAN SACHS GROUP INC | New | $9.6m150.0k shares |
| Squarepoint Ops LLC | Added | $8.3m128.9k shares |
| PEAK6 Investments LLC | Reduced | $5.2m81.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.1m64.1k shares |
| Walleye Trading LLC | Reduced | $3.6m56.4k shares |
| Balyasny Asset Management L.P. | New | $3.2m50.0k shares |
| JANE STREET GROUP, LLC | Reduced | $1.6m24.9k 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 in Q1 2023
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 |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $1.0m | — |
| Q1 2022 | 0 | — | 2 | $1.2m | — |
| Q2 2022 | 1 | $1.2k | 4 | $18.1m | — |
| Q3 2022 | 1 | $1.3k | 1 | $456.6k | — |
| Q4 2022 | 0 | — | 5 | $35.3m | — |
| Q1 2023 | 0 | — | 6 | $71.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-09 | BOYD WILLIAM S Co-Executive Chair, director · By Trust | Sold | $2.6m39.5k shares |
| 2023-03-03 | Thompson Stephen S. Executive Vice President | Sold | $1.9m28.4k shares |
| 2023-02-28 | SMITH KEITH President and CEO, director | Sold | $4.9m75.0k shares |
| 2023-02-27 | SMITH KEITH President and CEO, director | Sold | $1.6m25.0k shares |
| 2023-02-15 | BOYD WILLIAM S Co-Executive Chair, director · By Trust | Sold | $4.9m73.0k shares |
| 2023-02-15 | Bogich Ted Executive Vice President | Sold | $2.0m30.4k shares |
| 2023-02-14 | BOYD WILLIAM S Co-Executive Chair, director · By Trust | Sold | $13.2m200.0k shares |
| 2023-02-13 | BOYD WILLIAM S Co-Executive Chair, director · By Trust | Sold | $10.6m161.0k shares |
| 2023-02-09 | JOHNSON MARIANNE BOYD Co-Executive Chair, director · By Limited Liability Company | Sold | $7.8m120.0k shares |
| 2023-02-08 | JOHNSON MARIANNE BOYD Co-Executive Chair, director · By Limited Liability Company | Sold | $8.0m122.0k shares |
| 2023-02-07 | JOHNSON MARIANNE BOYD Co-Executive Chair, director · By Limited Liability Company* | Sold | $8.0m124.0k shares |
| 2023-02-06 | JOHNSON MARIANNE BOYD Co-Executive Chair, director · By Limited Liability Company* | Sold | $3.2m50.0k shares |
| 2023-02-06 | BOYD WILLIAM S Co-Executive Chair, director · By Trust | Sold | $778.5k11.8k shares |
| 2023-02-03 | Hirsberg Josh Exec. V.P., Treasurer & CFO | Sold | $1.0m16.0k shares |
| 2023-01-24 | Hirsberg Josh Exec. V.P., Treasurer & CFO | Sold | $976.0k16.0k 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, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 8.7m $555.1m | Added +558.8k |
| BlackRock Inc. 0.01% of their portfolio | 7.8m $497.6m | Added +198.9k |
| FMR LLC 0.01% of their portfolio | 4.7m $302.7m | Added +2.3m |
| COHEN & STEERS, INC. 0.55% of their portfolio | 4.0m $254.1m | Reduced -160.2k |
| ARIEL INVESTMENTS, LLC 2.13% of their portfolio | 3.5m $221.5m | Reduced -1.8k |
| HG Vora Capital Management, LLC 7.82% of their portfolio | 3.0m $192.4m | Reduced -1.0m |
| STATE STREET CORP 0.01% of their portfolio | 2.3m $144.8m | Added +2.2k |
| BAMCO INC /NY/ 0.41% of their portfolio | 2.1m $135.7m | Added +160.1k |
| Invesco Ltd. 0.03% of their portfolio | 1.5m $93.5m | Added +71.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio | 1.4m $88.1m | Reduced -342.1k |
| Boston Partners 0.11% of their portfolio | 1.3m $82.7m | New |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.2m $79.4m | Added +89.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.1m $70.7m | Added +23.2k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 1.1m $69.0m | Added +110.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.0m $64.4m | Reduced -5.2k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.64% of their portfolio | 967.8k $62.1m | Added +792.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 931.5k $59.7m | Reduced -3.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 912.7k $58.5m | Reduced -5.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 892.9k $57.3m | Added +16.8k |
| Balyasny Asset Management L.P. 0.18% of their portfolio | 853.0k $54.7m | New |
| PINNACLE ASSOCIATES LTD 1.05% of their portfolio | 802.0k $51.4m | Reduced -91.1k |
| Channing Capital Management, LLC 1.62% of their portfolio | 784.2k $50.3m | Reduced -236.8k |
| MORGAN STANLEY 0.01% of their portfolio | 783.5k $50.2m | Reduced -252.2k |
| NORGES BANK 0.01% of their portfolio | 775.1k $49.7m | Added +11.7k |
| Pacer Advisors, Inc. 0.21% of their portfolio | 749.1k $48.0m | Added +126.5k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 723.9k $46.4m | Reduced -987.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 702.5k $45.0m | Reduced -184.1k |
| GAMCO INVESTORS, INC. ET AL 0.43% of their portfolio | 625.3k $40.1m | Reduced -781 |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 582.2k $37.3m | Reduced -509.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 545.4k $35.0m | Reduced -27.1k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 540.1k $34.6m | Added +120.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 505.0k $32.4m | Reduced -2.7k |
| Shellback Capital, LP 3.54% of their portfolio | 489.5k $31.4m | Added +50.0k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.52% of their portfolio | 482.8k $31.0m | Reduced -126.9k |
| Nitorum Capital, L.P. 3.23% of their portfolio | 475.1k $30.5m | Reduced -57.5k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 457.1k $29.3m | Reduced -10.4k |
| STRS OHIO 0.04% of their portfolio | 434.2k $27.8m | Added +286.6k |
| BARCLAYS PLC 0.03% of their portfolio | 399.9k $25.6m | Added +30.5k |
| Man Group plc 0.09% of their portfolio | 394.3k $25.3m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 385.2k $24.7m | Reduced -48.0k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 361.8k $23.2m | Reduced -7.5k |
| Driehaus Capital Management LLC 0.32% of their portfolio | 358.1k $23.0m | Added +354.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 357.4k $22.9m | Added +609 |
| Weiss Multi-Strategy Advisers LLC 0.53% of their portfolio | 338.5k $21.7m | Added +318.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 313.7k $20.1m | Added +2.8k |
| GLENMEDE TRUST CO NA 0.11% of their portfolio | 307.9k $19.7m | Added +3.4k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 305.9k $19.6m | Added +195.9k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 273.4k $17.5m | Added +29.0k |
| BWCP, LP 6.77% of their portfolio | 269.8k $17.3m | Reduced -43.8k |
| Hudson Bay Capital Management LP 0.10% of their portfolio | 267.4k $17.1m | Added +185.3k |
| Redwood Investments, LLC 2.04% of their portfolio | 249.5k $16.0m | Added +50.6k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 234.4k $15.0m | Reduced -3.6k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 229.6k $14.7m | Reduced -17.7k |
| UBS Group AG 0.01% of their portfolio | 221.2k $14.2m | Added +24.6k |
| Northern Right Capital Management, L.P. 7.09% of their portfolio | 218.3k $14.0m | Reduced -2.6k |
| SPX Gestao de Recursos Ltda 0.91% of their portfolio | 211.6k $13.6m | Added +53.5k |
| CANTOR FITZGERALD, L. P. 0.25% of their portfolio | 185.1k $11.9m | New |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 183.2k $11.7m | Added +12.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 181.5k $11.6m | Added +17.4k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 1.56% of their portfolio | 178.9k $11.5m | New |
| PANAGORA ASSET MANAGEMENT INC 0.07% of their portfolio | 178.6k $11.5m | Reduced -1.4k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 169.2k $10.8m | Reduced -7.1k |
| Swiss National Bank 0.01% of their portfolio | 169.0k $10.8m | Reduced -24.5k |
| Legal & General Group Plc 0.00% of their portfolio | 165.7k $10.6m | Added +3.1k |
| GABELLI FUNDS LLC 0.08% of their portfolio | 159.3k $10.2m | Reduced -3.2k |
| Retirement Systems of Alabama 0.04% of their portfolio | 157.1k $10.1m | Reduced -905 |
| Penn Capital Management Company, LLC 0.98% of their portfolio | 152.6k $9.8m | Reduced -1.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 144.7k $9.3m | Reduced -38.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 136.8k $8.8m | Added +9.5k |
| Diametric Capital, LP 4.05% of their portfolio | 131.2k $8.4m | Added +2.2k |
| Brandywine Global Investment Management, LLC 0.03% of their portfolio | 131.1k $8.4m | Added +63.2k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 125.8k $8.1m | Added +8.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 125.6k $8.1m | Reduced -5.8k |
| Belmont Capital, LLC 6.54% of their portfolio | 123.3k $7.9m | Unchanged |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 122.4k $7.8m | Added +3.6k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.05% of their portfolio | 122.4k $7.8m | Reduced -1.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 117.1k $7.5m | Reduced -2.2k |
| Cubist Systematic Strategies, LLC 0.07% of their portfolio | 117.1k $7.5m | Added +29.4k |
| Empowered Funds, LLC 0.40% of their portfolio | 106.1k $6.8m | Added +82.0k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.15% of their portfolio | 98.5k $6.3m | Reduced -12.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 97.3k $6.2m | Reduced -3.0k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 95.7k $6.1m | Reduced -49.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 94.7k $6.1m | Added +7.8k |
| Redwood Investment Management, LLC 0.65% of their portfolio | 94.4k $6.1m | Reduced -34.4k |
| CASTLEARK MANAGEMENT LLC 0.30% of their portfolio | 94.3k $6.0m | New |
| J.P. Morgan Private Wealth Advisors LLC 0.01% of their portfolio | 90.4k $5.8m | Reduced -1.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 84.0k $5.4m | Reduced -4.3k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 83.2k $5.3m | Added +68.4k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 83.0k $5.3m | Added +4.6k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 82.3k $5.3m | Added +1.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 75.8k $4.9m | Reduced -1.1k |
| CHARTWELL INVESTMENT PARTNERS, LLC 0.18% of their portfolio | 72.1k $4.6m | Added +2.4k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.05% of their portfolio | 70.9k $4.5m | Added +17.5k |
| Gotham Asset Management, LLC 0.11% of their portfolio | 68.0k $4.4m | Added +11.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 66.4k $4.3m | Reduced -147.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 63.8k $4.1m | Added +12.3k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 62.8k $4.0m | Reduced -1.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 62.7k $4.0m | Reduced -9.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 62.2k $4.0m | Reduced -2.5k |
| Amundi 0.00% of their portfolio | 61.5k $3.9m | New |