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 ($9.2m 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 ≈ $63.29. Options: 19 managers hold calls ($77.2m notional), 23 hold puts ($181.8m).
Trends to Q4 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 |
| Q4 2023 | 344 |
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 |
| Q4 2023 | 136 | 198 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $72.0m | $158.5m | 2.20 |
| Q2 2023 | $77.9m | $187.9m | 2.41 |
| Q3 2023 | $80.3m | $176.9m | 2.20 |
| Q4 2023 | $77.2m | $181.8m | 2.36 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.7m |
| COHEN & STEERS, INC. | Added | +1.2m |
| MORGAN STANLEY | Added | +768.8k |
| CITADEL ADVISORS LLC | Added | +654.2k |
| Boston Partners | Added | +628.5k |
| JGP Global Gestao de Recursos Ltda. | New | +300.0k |
| SCOUT INVESTMENTS, INC. | New | +289.0k |
| Balyasny Asset Management L.P. | Added | +254.3k |
| HRT FINANCIAL LP | New | +248.0k |
| Channing Capital Management, LLC | Added | +172.4k |
Biggest sellers
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -1.0m |
| Invesco Ltd. | Reduced | -983.2k |
| Pacer Advisors, Inc. | Reduced | -864.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -586.5k |
| Point72 Asset Management, L.P. | Sold out | -582.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC | Sold out | -547.5k |
| VANGUARD GROUP INC | Reduced | -545.9k |
| GOLDMAN SACHS GROUP INC | Reduced | -429.3k |
| JENNISON ASSOCIATES LLC | Reduced | -377.8k |
| HG Vora Capital Management, LLC | Reduced | -250.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $25.4m405.9k shares |
| CITADEL ADVISORS LLC | Reduced | $16.6m264.8k shares |
| Walleye Trading LLC | Added | $10.0m159.8k shares |
| Portman Square Capital LLP | Reduced | $6.1m96.9k shares |
| Walleye Capital LLC | Reduced | $3.1m50.2k shares |
| GROUP ONE TRADING LLC | Added | $2.5m40.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.4m37.9k shares |
| JANE STREET GROUP, LLC | Added | $2.2m35.2k shares |
| PEAK6 Investments LLC | Reduced | $2.1m33.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.0m31.7k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $47.4m756.3k shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $42.3m675.0k shares |
| NOMURA HOLDINGS INC | Unchanged | $29.7m475.0k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $9.4m150.0k shares |
| GRATIA CAPITAL, LLC | Unchanged | $8.9m142.0k shares |
| Portman Square Capital LLP | Reduced | $8.5m136.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $7.2m115.7k shares |
| HBK INVESTMENTS L P | Not comparable | $6.4m102.0k shares |
| Caption Management, LLC | Reduced | $6.3m99.9k shares |
| BARCLAYS PLC | New | $4.2m67.0k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2023 | 0 | — | 0 | — | — |
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 8.2m $510.9m | Added +15.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 7.4m $465.5m | Reduced -545.9k |
| COHEN & STEERS, INC. 0.60% of their portfolio | 4.7m $297.3m | Added +1.2m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.3m $207.9m | Added +1.7m |
| ARIEL INVESTMENTS, LLC 1.92% of their portfolio | 3.1m $192.3m | Added +22.2k |
| Boston Partners 0.23% of their portfolio | 2.8m $172.6m | Added +628.5k |
| STATE STREET CORP 0.01% of their portfolio | 2.1m $129.7m | Reduced -49.7k |
| HG Vora Capital Management, LLC 6.42% of their portfolio | 2.0m $125.2m | Reduced -250.0k |
| FMR LLC 0.01% of their portfolio | 1.9m $118.7m | Reduced -146.3k |
| BAMCO INC /NY/ 0.30% of their portfolio | 1.8m $114.3m | Reduced -45.5k |
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $90.0m | Added +768.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 1.2m $77.5m | Reduced -586.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.1m $68.6m | Added +7.0k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 1.0m $64.9m | Added +654.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 999.4k $62.6m | Reduced -9.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.62% of their portfolio | 986.1k $61.7m | Added +11.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 883.3k $55.3m | Reduced -429.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 865.9k $54.2m | Added +42.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 857.6k $53.7m | Added +6.7k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 838.4k $52.5m | Added +14.2k |
| Channing Capital Management, LLC 1.54% of their portfolio | 833.2k $52.2m | Added +172.4k |
| NORGES BANK 0.01% of their portfolio | 715.1k $44.8m | Added +86.3k |
| PINNACLE ASSOCIATES LTD 0.72% of their portfolio | 679.2k $42.5m | Reduced -2.0k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.21% of their portfolio | 655.7k $41.1m | Reduced -1.0m |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 627.5k $39.3m | Added +105.1k |
| GAMCO INVESTORS, INC. ET AL 0.41% of their portfolio | 609.0k $38.1m | Reduced -8.0k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 604.7k $37.9m | Reduced -37.4k |
| Invesco Ltd. 0.01% of their portfolio | 592.6k $37.1m | Reduced -983.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 588.6k $36.9m | Reduced -9.9k |
| Nitorum Capital, L.P. 3.16% of their portfolio | 471.4k $29.5m | Added +116.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 454.5k $28.5m | Added +698 |
| BARCLAYS PLC 0.01% of their portfolio | 436.0k $27.3m | Added +16.0k |
| BWCP, LP 8.13% of their portfolio | 393.0k $24.6m | Added +54.1k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 363.4k $22.8m | Added +105.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 348.9k $21.8m | Added +22.2k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 347.6k $21.8m | Added +104.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 345.5k $21.6m | Reduced -6.3k |
| Balyasny Asset Management L.P. 0.06% of their portfolio | 345.4k $21.6m | Added +254.3k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 343.2k $21.5m | Added +156.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 324.9k $20.3m | Reduced -86.1k |
| JGP Global Gestao de Recursos Ltda. 38.57% of their portfolio | 300.0k $64.3m | New |
| SCOUT INVESTMENTS, INC. 0.45% of their portfolio | 289.0k $18.1m | New |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 259.0k $16.2m | Added +589 |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 257.6k $16.1m | Added +33.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 255.3k $16.0m | Reduced -6.8k |
| HRT FINANCIAL LP 0.12% of their portfolio | 248.0k $15.5m | New |
| UBS Group AG 0.01% of their portfolio | 233.6k $14.6m | Reduced -40.6k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 231.7k $14.5m | Added +1.3k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 210.2k $13.2m | Reduced -18.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 206.3k $12.9m | Reduced -15.9k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 197.6k $12.4m | Added +19.7k |
| Retirement Systems of Alabama 0.05% of their portfolio | 195.1k $12.2m | Added +53.0k |
| Brandywine Global Investment Management, LLC 0.09% of their portfolio | 182.2k $11.4m | Added +39.4k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.99% of their portfolio | 177.6k $11.1m | Added +12.5k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 177.0k $11.1m | Reduced -377.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 171.6k $10.7m | Added +10.0k |
| Legal & General Group Plc 0.00% of their portfolio | 170.1k $10.7m | Reduced -249 |
| Hudson Bay Capital Management LP 0.09% of their portfolio | 160.2k $10.0m | Added +58.8k |
| GRATIA CAPITAL, LLC 20.35% of their portfolio | 156.2k $9.8m | Added +13.8k |
| GABELLI FUNDS LLC 0.07% of their portfolio | 153.0k $9.6m | Reduced -500 |
| Swiss National Bank 0.01% of their portfolio | 147.8k $9.3m | Reduced -18.8k |
| STRS OHIO 0.04% of their portfolio | 147.1k $9.2m | Reduced -3.0k |
| Penn Capital Management Company, LLC 0.83% of their portfolio | 143.6k $9.0m | Reduced -264 |
| California Public Employees Retirement System 0.01% of their portfolio | 141.0k $8.8m | Reduced -5.8k |
| Banco Santander, S.A. 0.10% of their portfolio | 139.9k $8.8m | Added +32.4k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 139.5k $8.7m | Added +27.6k |
| Susquehanna Portfolio Strategies, LLC 0.14% of their portfolio | 124.3k $7.8m | First filing |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 120.3k $7.5m | Reduced -514 |
| Shellback Capital, LP 0.66% of their portfolio | 120.0k $7.5m | Reduced -165.0k |
| Belmont Capital, LLC 2.94% of their portfolio | 109.9k $6.9m | Reduced -1.2k |
| Bridgewater Associates, LP 0.04% of their portfolio | 105.3k $6.6m | Added +11.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 103.2k $6.5m | Reduced -1.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 101.7k $6.4m | Reduced -27.5k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.02% of their portfolio | 93.9k $5.9m | Reduced -6.2k |
| Gotham Asset Management, LLC 0.10% of their portfolio | 87.7k $5.5m | Reduced -28.6k |
| Man Group plc 0.02% of their portfolio | 86.0k $5.4m | New |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 85.2k $5.3m | Added +4.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 84.0k $5.3m | Reduced -31.6k |
| BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. 3.68% of their portfolio | 82.0k $5.1m | Unchanged |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 80.2k $5.0m | Added +20.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 78.8k $4.9m | Reduced -4.5k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 78.5k $4.9m | Added +3.1k |
| Aquatic Capital Management LLC 0.12% of their portfolio | 75.4k $4.7m | Added +30.3k |
| Diametric Capital, LP 2.69% of their portfolio | 70.6k $4.4m | Reduced -58.8k |
| Campbell & CO Investment Adviser LLC 0.39% of their portfolio | 69.3k $4.3m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 66.8k $4.2m | Reduced -35.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 62.7k $3.9m | Added +11.2k |
| TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio | 60.9k $3.8m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 60.9k $3.8m | Added +416 |
| TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio | 60.0k $3.8m | Reduced -284 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 60.0k $3.8m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 58.8k $3.7m | Reduced -2.8k |
| Northern Right Capital Management, L.P. 1.39% of their portfolio | 55.4k $3.5m | Reduced -150.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 49.5k $3.1m | Reduced -8.8k |
| BI Asset Management Fondsmaeglerselskab A/S 0.07% of their portfolio | 49.2k $3.1m | Reduced -14.9k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 48.0k $3.0m | Reduced -25.3k |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 47.5k $3.0m | Reduced -935 |
| AMALGAMATED BANK 0.02% of their portfolio | 47.2k $3.0m | Reduced -4.5k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 47.1k $3.0m | Reduced -1.2k |
| LPL Financial LLC 0.00% of their portfolio | 46.9k $2.9m | Reduced -3.7k |