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 ($17.3m this quarter). Holder counts are more reliable. Shares outstanding: 97.9m as of 2023-10-30, 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 ≈ $60.93. Options: 17 managers hold calls ($80.3m notional), 22 hold puts ($176.9m).
Trends to Q3 2023
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 |
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 |
| Q2 2023 | 158 | 177 |
| Q3 2023 | 150 | 187 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $67.2m | $119.9m | 1.78 |
| Q1 2023 | $72.0m | $158.5m | 2.20 |
| Q2 2023 | $77.9m | $187.9m | 2.41 |
| Q3 2023 | $80.3m | $176.9m | 2.20 |
Biggest buyers
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +1.5m |
| GOLDMAN SACHS GROUP INC | Added | +585.7k |
| HG Vora Capital Management, LLC | Added | +250.0k |
| AMERICAN CENTURY COMPANIES INC | Added | +237.5k |
| CITADEL ADVISORS LLC | Added | +194.2k |
| VANGUARD GROUP INC | Added | +167.8k |
| WEDGE CAPITAL MANAGEMENT L L P/NC | Added | +159.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +148.6k |
| MARSHALL WACE, LLP | Added | +145.5k |
| Point72 Asset Management, L.P. | Added | +136.0k |
Biggest sellers
| Man Group plc | Sold out | -347.9k |
| COMERICA BANK | Reduced | -332.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -244.5k |
| BAMCO INC /NY/ | Reduced | -224.5k |
| Shellback Capital, LP | Reduced | -215.0k |
| FMR LLC | Reduced | -205.0k |
| NORTHERN TRUST CORP | Reduced | -194.5k |
| Redwood Investments, LLC | Reduced | -186.7k |
| Assenagon Asset Management S.A. | Reduced | -179.1k |
| TWINBEECH CAPITAL LP | Sold out | -167.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $24.0m394.2k shares |
| CITADEL ADVISORS LLC | Added | $16.9m278.4k shares |
| PEAK6 Investments LLC | Reduced | $10.2m166.9k shares |
| Portman Square Capital LLP | Added | $6.1m100.2k shares |
| Walleye Trading LLC | Added | $5.9m97.1k shares |
| Walleye Capital LLC | Added | $3.4m56.1k shares |
| Squarepoint Ops LLC | Added | $3.1m50.6k shares |
| SIMPLEX TRADING, LLC | Added | $2.9m48.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $2.3m37.3k shares |
| GROUP ONE TRADING LLC | Reduced | $1.8m30.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $45.0m739.7k shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $41.1m675.0k shares |
| NOMURA HOLDINGS INC | Unchanged | $28.9m475.0k shares |
| Portman Square Capital LLP | Added | $16.7m275.0k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $9.1m150.0k shares |
| WOLVERINE TRADING, LLC | New | $8.7m142.4k shares |
| GRATIA CAPITAL, LLC | Unchanged | $8.6m142.0k shares |
| Caption Management, LLC | Unchanged | $6.1m100.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.1m51.1k shares |
| MILLENNIUM MANAGEMENT LLC | New | $2.4m40.2k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 3 | $2.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-08-18 | BOYD WILLIAM S 10% owner · By Trust | Sold | $647.0k9.9k shares |
| 2023-08-17 | BOYD WILLIAM S 10% owner · By Trust | Sold | $2.6m40.2k shares |
| 2023-08-16 | BOYD WILLIAM S 10% owner · By Trust | Sold | $2.9m44.1k shares |
| 2023-08-15 | BOYD WILLIAM S 10% owner · By Trust | Sold | $128.2k1.9k shares |
| 2023-08-10 | BOYD WILLIAM S 10% owner · By Trust | Sold | $6.8m100.0k shares |
| 2023-08-10 | BOYD WILLIAM R Vice President, director · By Trust | Sold | $678.3k10.0k shares |
| 2023-08-09 | BOYD WILLIAM S 10% owner · By Trust | Sold | $6.7m100.0k shares |
| 2023-08-04 | BOYD WILLIAM R Vice President, director · By Trust | Sold | $770.1k11.4k shares |
| 2023-08-02 | Thompson Stephen S. Executive Vice President · By Trust | Sold | $138.8k2.0k shares |
| 2023-08-01 | Thompson Stephen S. Executive Vice President · By Trust | Sold | $1.1m16.8k shares |
| 2023-08-01 | SPADAFOR CHRISTINE J. Director · By Trust | Sold | $50.0k735 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 8.1m $495.4m | Added +95.0k |
| VANGUARD GROUP INC 0.01% of their portfolio | 8.0m $485.4m | Added +167.8k |
| COHEN & STEERS, INC. 0.49% of their portfolio | 3.5m $214.8m | Added +17.4k |
| ARIEL INVESTMENTS, LLC 1.96% of their portfolio | 3.0m $185.5m | Reduced -62.9k |
| HG Vora Capital Management, LLC 7.04% of their portfolio | 2.2m $136.9m | Added +250.0k |
| Boston Partners 0.18% of their portfolio | 2.1m $129.4m | Reduced -3.3k |
| STATE STREET CORP 0.01% of their portfolio | 2.1m $129.0m | Reduced -87.5k |
| FMR LLC 0.01% of their portfolio | 2.0m $124.2m | Reduced -205.0k |
| BAMCO INC /NY/ 0.33% of their portfolio | 1.9m $113.8m | Reduced -224.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.13% of their portfolio | 1.8m $111.0m | Added +148.6k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.58% of their portfolio | 1.7m $100.8m | Added +1.5m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.6m $96.8m | Reduced -36.1k |
| Invesco Ltd. 0.03% of their portfolio | 1.6m $95.9m | Reduced -50.0k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.3m $79.8m | Added +585.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.1m $66.2m | Reduced -26.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.0m $61.4m | Added +7.4k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.65% of their portfolio | 974.3k $59.3m | Reduced -144.9k |
| Pacer Advisors, Inc. 0.20% of their portfolio | 879.4k $53.5m | Added +131.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 850.9k $51.8m | Reduced -21.1k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 824.2k $50.1m | Added +237.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 823.0k $50.1m | Reduced -51.8k |
| PINNACLE ASSOCIATES LTD 0.77% of their portfolio | 681.1k $41.4m | Reduced -20.6k |
| MORGAN STANLEY 0.00% of their portfolio | 668.1k $40.6m | Reduced -139.8k |
| Channing Capital Management, LLC 1.33% of their portfolio | 660.8k $40.2m | Reduced -16.0k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 642.1k $39.1m | Reduced -244.5k |
| NORGES BANK 0.01% of their portfolio | 628.8k $38.3m | Reduced -161.1k |
| GAMCO INVESTORS, INC. ET AL 0.43% of their portfolio | 617.0k $37.5m | Reduced -4.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 598.5k $36.4m | Reduced -194.5k |
| Point72 Asset Management, L.P. 0.12% of their portfolio | 582.4k $35.4m | Added +136.0k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 554.8k $33.7m | Added +100.2k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.66% of their portfolio | 547.5k $33.3m | Added +159.0k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 522.4k $31.8m | Added +10.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 453.8k $27.6m | Reduced -51.4k |
| BARCLAYS PLC 0.02% of their portfolio | 420.0k $25.5m | Reduced -8.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 411.0k $25.0m | Reduced -19.0k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 383.0k $23.3m | Added +194.2k |
| Nitorum Capital, L.P. 2.36% of their portfolio | 354.6k $21.6m | Reduced -140.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 351.8k $21.4m | Added +1.5k |
| BWCP, LP 7.41% of their portfolio | 338.9k $20.6m | Added +23.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 326.7k $19.9m | Reduced -16.0k |
| Shellback Capital, LP 1.68% of their portfolio | 285.0k $17.3m | Reduced -215.0k |
| UBS Group AG 0.01% of their portfolio | 274.2k $16.7m | Added +12.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 262.1k $15.9m | Reduced -25.9k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 258.4k $15.7m | Reduced -49.2k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 258.0k $15.7m | Added +10.6k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 243.4k $14.8m | Added +19.3k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 230.4k $14.0m | Added +43.6k |
| GLENMEDE TRUST CO NA 0.08% of their portfolio | 229.0k $13.9m | Reduced -79.5k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 223.7k $13.7m | Added +23.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 222.2k $13.5m | Reduced -11.7k |
| Northern Right Capital Management, L.P. 4.95% of their portfolio | 205.4k $12.5m | Unchanged |
| CANTOR FITZGERALD, L. P. 0.33% of their portfolio | 200.0k $12.2m | Added +10.1k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 190.9k $11.6m | Added +145.5k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 187.2k $11.4m | Reduced -135.6k |
| SPX Gestao de Recursos Ltda 0.58% of their portfolio | 180.0k $10.9m | Reduced -31.6k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 177.9k $10.8m | Reduced -15.1k |
| Legal & General Group Plc 0.00% of their portfolio | 170.4k $10.4m | Reduced -6.5k |
| Swiss National Bank 0.01% of their portfolio | 166.6k $10.1m | Added +200 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 1.33% of their portfolio | 165.0k $10.0m | Added +74.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 161.7k $9.8m | Reduced -24.5k |
| GABELLI FUNDS LLC 0.08% of their portfolio | 153.5k $9.3m | Reduced -2.0k |
| STRS OHIO 0.04% of their portfolio | 150.1k $9.1m | Added +3.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 146.8k $8.9m | Added +4.8k |
| Penn Capital Management Company, LLC 0.90% of their portfolio | 143.8k $8.8m | Added +3.9k |
| Brandywine Global Investment Management, LLC 0.08% of their portfolio | 142.8k $8.7m | Added +13.6k |
| GRATIA CAPITAL, LLC 11.67% of their portfolio | 142.4k $8.7m | Added +40.5k |
| Retirement Systems of Alabama 0.04% of their portfolio | 142.2k $8.6m | Reduced -10.3k |
| Diametric Capital, LP 3.29% of their portfolio | 129.3k $7.9m | Added +14.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 129.2k $7.9m | Added +34.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 120.8k $7.3m | Reduced -3.4k |
| Gotham Asset Management, LLC 0.15% of their portfolio | 116.2k $7.1m | Added +38.5k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 115.6k $7.0m | Added +17.3k |
| Redwood Investment Management, LLC 0.60% of their portfolio | 112.9k $6.9m | Reduced -4.5k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 112.0k $6.8m | Added +2.8k |
| Belmont Capital, LLC 3.65% of their portfolio | 111.1k $6.8m | Added +3 |
| Man Group plc 0.02% of their portfolio | 108.4k $6.6m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 107.5k $6.5m | Added +31.6k |
| Banco Santander, S.A. 0.09% of their portfolio | 107.5k $6.5m | Added +38.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 104.2k $6.3m | Reduced -9.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 102.0k $6.2m | Added +16.6k |
| Hudson Bay Capital Management LP 0.03% of their portfolio | 101.4k $6.2m | Reduced -862 |
| AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio | 100.1k $6.1m | Reduced -15.7k |
| Graham Capital Management, L.P. 0.17% of their portfolio | 94.8k $5.8m | Added +11.1k |
| Bridgewater Associates, LP 0.03% of their portfolio | 93.6k $5.7m | Added +90.6k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 91.1k $5.5m | Reduced -52.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 83.4k $5.1m | Reduced -8.5k |
| BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. 3.59% of their portfolio | 82.0k $5.0m | New |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 81.3k $4.9m | Reduced -3.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 79.4k $4.8m | Added +42.1k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 75.3k $4.6m | Added +867 |
| Cubist Systematic Strategies, LLC 0.06% of their portfolio | 75.2k $4.6m | Reduced -65.3k |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 73.3k $4.5m | Added +18.3k |
| CASTLEARK MANAGEMENT LLC 0.21% of their portfolio | 68.9k $4.2m | Reduced -24.4k |
| J.P. Morgan Private Wealth Advisors LLC 0.01% of their portfolio | 68.4k $4.2m | Added +983 |
| Redwood Investments, LLC 0.55% of their portfolio | 66.6k $4.1m | Reduced -186.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 64.7k $3.9m | Reduced -5.0k |
| BI Asset Management Fondsmaeglerselskab A/S 0.09% of their portfolio | 64.1k $3.9m | Added +15.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 61.5k $3.7m | Added +3.7k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 61.2k $3.7m | Added +16.3k |
| Portman Square Capital LLP 0.51% of their portfolio | 60.6k $3.7m | Added +48.4k |