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 ($7.6m this quarter). Holder counts are more reliable. Shares outstanding: 94.9m as of 2024-04-29, 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 ≈ $67.27. Options: 20 managers hold calls ($72.5m notional), 20 hold puts ($144.5m).
Trends to Q1 2024
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 |
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 |
| Q1 2024 | 159 | 165 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $77.9m | $187.9m | 2.41 |
| Q3 2023 | $80.3m | $176.9m | 2.20 |
| Q4 2023 | $77.2m | $181.8m | 2.36 |
| Q1 2024 | $72.5m | $144.5m | 1.99 |
Biggest buyers
| BlackRock Inc. | Added | +1.1m |
| SpiderRock Advisors, LLC | New | +500.5k |
| HG Vora Capital Management, LLC | Added | +500.0k |
| MORGAN STANLEY | Added | +458.2k |
| COHEN & STEERS, INC. | Added | +391.7k |
| Nuveen Asset Management, LLC | Added | +323.4k |
| Invesco Ltd. | Added | +292.3k |
| Boston Partners | Added | +274.9k |
| Balyasny Asset Management L.P. | Added | +263.1k |
| Beck Bode, LLC | New | +237.4k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -917.7k |
| VANGUARD GROUP INC | Reduced | -441.3k |
| ARIEL INVESTMENTS, LLC | Reduced | -376.5k |
| JGP Global Gestao de Recursos Ltda. | Sold out | -300.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -290.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -282.1k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -244.9k |
| BARCLAYS PLC | Reduced | -234.3k |
| HSBC HOLDINGS PLC | Reduced | -227.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -226.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $26.7m396.6k shares |
| CITADEL ADVISORS LLC | Reduced | $11.7m174.5k shares |
| Walleye Trading LLC | Reduced | $6.3m93.3k shares |
| JANE STREET GROUP, LLC | Added | $5.6m83.5k shares |
| GROUP ONE TRADING LLC | Added | $5.3m78.4k shares |
| Portman Square Capital LLP | Reduced | $3.9m57.6k shares |
| SIMPLEX TRADING, LLC | Added | $3.1m45.8k shares |
| GOLDMAN SACHS GROUP INC | New | $2.0m30.0k shares |
| PEAK6 Investments LLC | Reduced | $1.9m27.8k shares |
| Walleye Capital LLC | Reduced | $1.3m20.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $49.8m739.8k shares |
| SpiderRock Advisors, LLC | Reduced | $31.1m500.0k shares |
| Portman Square Capital LLP | Added | $14.8m219.8k shares |
| HBK INVESTMENTS L P | Added | $10.1m150.0k shares |
| Lombard Odier Asset Management (USA) Corp | Reduced | $10.1m150.0k shares |
| GRATIA CAPITAL, LLC | Unchanged | $9.6m142.0k shares |
| SIMPLEX TRADING, LLC | Added | $3.4m50.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.6m39.0k shares |
| Walleye Trading LLC | Added | $2.3m34.6k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $2.0m30.0k 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 Q1 2024
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 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 | — | — |
| Q1 2024 | 0 | — | 7 | $21.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-14 | BOYD WILLIAM S 10% owner · By Trust | Sold | $2.0m32.7k shares |
| 2024-03-13 | BOYD WILLIAM S 10% owner · By Trust | Sold | $4.0m63.5k shares |
| 2024-03-12 | BOYD WILLIAM S 10% owner · By Trust | Sold | $7.9m125.0k shares |
| 2024-03-08 | BOYD WILLIAM S 10% owner · By Trust | Sold | $7.9m125.0k shares |
| 2024-03-07 | BOYD WILLIAM S 10% owner · By Trust | Sold | $8.0m125.0k shares |
| 2024-03-06 | BOYD WILLIAM S 10% owner · By Trust | Sold | $8.0m125.0k shares |
| 2024-03-05 | BOYD WILLIAM S 10% owner · By Trust | Sold | $8.0m125.0k shares |
| 2024-03-05 | Thoman A. Randall Director | Sold | $159.4k2.5k shares |
| 2024-03-04 | Thompson Stephen S. Chief Administrative Officer | Sold | $1.3m20.0k shares |
| 2024-02-29 | SMITH KEITH President and CEO, director | Sold | $1.6m25.0k shares |
| 2024-02-29 | Hirsberg Josh CFO, Treasurer | Sold | $1.5m22.7k shares |
| 2024-02-28 | SMITH KEITH President and CEO, director | Sold | $4.8m75.0k shares |
| 2024-02-28 | BOYD WILLIAM R Vice President, director · By Trust* | Sold | $3.2m50.0k shares |
| 2024-02-16 | JOHNSON MARIANNE BOYD Executive Chairman, director · By Trust | Sold | $1.4m22.3k shares |
| 2024-02-15 | JOHNSON MARIANNE BOYD Executive Chairman, director · By Trust | Sold | $5.0m77.7k shares |
| 2024-02-15 | Bogich Ted Chief Operating Officer | Sold | $2.7m41.6k 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 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 9.3m $625.1m | Added +1.1m |
| VANGUARD GROUP INC 0.01% of their portfolio | 7.0m $470.8m | Reduced -441.3k |
| COHEN & STEERS, INC. 0.72% of their portfolio | 5.1m $345.9m | Added +391.7k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.2m $217.4m | Reduced -91.8k |
| Boston Partners 0.24% of their portfolio | 3.0m $203.3m | Added +274.9k |
| ARIEL INVESTMENTS, LLC 1.79% of their portfolio | 2.7m $181.5m | Reduced -376.5k |
| HG Vora Capital Management, LLC 9.66% of their portfolio | 2.5m $168.3m | Added +500.0k |
| STATE STREET CORP 0.01% of their portfolio | 2.1m $145.0m | Added +82.8k |
| BAMCO INC /NY/ 0.34% of their portfolio | 1.9m $127.9m | Added +73.5k |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $127.6m | Added +458.2k |
| FMR LLC 0.01% of their portfolio | 1.9m $125.2m | Reduced -35.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.1m $75.9m | Added +32.6k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.63% of their portfolio | 1.0m $67.8m | Added +20.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.0m $67.5m | Added +3.1k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 960.5k $64.7m | Added +122.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 955.7k $64.3m | Reduced -282.1k |
| Channing Capital Management, LLC 1.66% of their portfolio | 921.2k $62.0m | Added +88.0k |
| Invesco Ltd. 0.01% of their portfolio | 884.9k $59.6m | Added +292.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 875.8k $59.0m | Added +18.2k |
| NORGES BANK 0.01% of their portfolio | 824.1k $55.5m | Added +108.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 805.3k $54.2m | Reduced -60.6k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 787.7k $53.0m | Added +160.2k |
| PINNACLE ASSOCIATES LTD 0.71% of their portfolio | 671.3k $45.2m | Reduced -7.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 666.6k $44.9m | Added +323.4k |
| Balyasny Asset Management L.P. 0.11% of their portfolio | 608.5k $41.0m | Added +263.1k |
| GAMCO INVESTORS, INC. ET AL 0.41% of their portfolio | 601.1k $40.5m | Reduced -7.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 593.0k $39.9m | Reduced -290.3k |
| SpiderRock Advisors, LLC 1.01% of their portfolio | 500.5k $31.1m | New |
| SCOUT INVESTMENTS, INC. 0.81% of their portfolio | 487.4k $33.0m | Added +198.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 479.6k $32.3m | Reduced -109.0k |
| Nitorum Capital, L.P. 3.17% of their portfolio | 462.2k $31.1m | Reduced -9.2k |
| BWCP, LP 7.84% of their portfolio | 454.8k $30.6m | Added +61.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 453.7k $30.5m | Reduced -781 |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.12% of their portfolio | 410.8k $27.7m | Reduced -244.9k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 398.8k $26.8m | Added +51.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 391.8k $26.4m | Added +66.8k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 378.1k $25.5m | Reduced -226.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 353.1k $23.8m | Added +4.2k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 348.8k $23.5m | Added +117.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 342.2k $23.0m | Reduced -3.3k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 282.2k $19.0m | Added +23.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 261.8k $17.6m | Added +6.4k |
| Beck Bode, LLC 3.27% of their portfolio | 237.4k $16.0m | New |
| UBS Group AG 0.01% of their portfolio | 232.3k $15.6m | Reduced -1.3k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 231.7k $15.6m | Added +34.1k |
| GLENMEDE TRUST CO NA 0.08% of their portfolio | 227.1k $15.3m | Added +16.9k |
| Retirement Systems of Alabama 0.06% of their portfolio | 224.0k $15.1m | Added +28.8k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 219.1k $14.8m | Reduced -144.2k |
| BARCLAYS PLC 0.01% of their portfolio | 201.7k $13.6m | Reduced -234.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 196.1k $13.2m | Reduced -10.2k |
| Banco Santander, S.A. 0.15% of their portfolio | 187.5k $12.6m | Added +47.6k |
| Brandywine Global Investment Management, LLC 0.09% of their portfolio | 187.1k $12.6m | Added +4.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 168.4k $11.3m | Reduced -3.3k |
| Legal & General Group Plc 0.00% of their portfolio | 161.2k $10.9m | Reduced -8.9k |
| GRATIA CAPITAL, LLC 18.07% of their portfolio | 156.2k $10.5m | Unchanged |
| GABELLI FUNDS LLC 0.07% of their portfolio | 149.2k $10.0m | Reduced -3.8k |
| Swiss National Bank 0.01% of their portfolio | 144.9k $9.8m | Reduced -2.9k |
| Penn Capital Management Company, LLC 0.86% of their portfolio | 143.5k $9.7m | Reduced -43 |
| California Public Employees Retirement System 0.01% of their portfolio | 134.2k $9.0m | Reduced -6.8k |
| Gotham Asset Management, LLC 0.13% of their portfolio | 127.6k $8.6m | Added +39.9k |
| Bridgewater Associates, LP 0.04% of their portfolio | 122.0k $8.2m | Added +16.7k |
| Hudson Bay Capital Management LP 0.07% of their portfolio | 119.6k $8.1m | Reduced -40.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 119.4k $8.0m | Reduced -917.7k |
| Susquehanna Portfolio Strategies, LLC 0.19% of their portfolio | 119.4k $8.0m | Reduced -4.9k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 110.8k $7.5m | Reduced -28.8k |
| Belmont Capital, LLC 2.02% of their portfolio | 109.9k $7.4m | Unchanged |
| ExodusPoint Capital Management, LP 0.09% of their portfolio | 109.7k $7.4m | Added +73.9k |
| Northern Right Capital Management, L.P. 2.57% of their portfolio | 105.8k $7.1m | Added +50.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 103.1k $6.9m | Reduced -179 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 101.2k $6.8m | Reduced -19.1k |
| Shellback Capital, LP 0.45% of their portfolio | 100.0k $6.7m | Reduced -20.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 97.2k $6.5m | Reduced -4.6k |
| Cubist Systematic Strategies, LLC 0.07% of their portfolio | 94.8k $6.4m | Added +65.2k |
| Man Group plc 0.02% of their portfolio | 93.1k $6.3m | Added +7.1k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.02% of their portfolio | 92.0k $6.2m | Reduced -1.9k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 82.6k $5.6m | Reduced -2.6k |
| BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. 3.64% of their portfolio | 82.0k $5.5m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 76.9k $5.2m | Added +14.2k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 74.7k $5.0m | Reduced -3.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 73.5k $4.9m | Reduced -5.3k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 67.8k $4.6m | Reduced -16.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 67.8k $4.6m | Added +36.2k |
| BURNEY CO/ 0.17% of their portfolio | 67.7k $4.6m | Added +54.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 67.5k $4.5m | Added +751 |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 65.5k $4.4m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 62.1k $4.2m | Added +3.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 61.0k $4.1m | Added +11.4k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio | 60.8k $4.1m | Added +786 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 56.2k $3.6m | Reduced -4.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 54.7k $3.7m | Reduced -5.3k |
| Diametric Capital, LP 2.03% of their portfolio | 54.4k $3.7m | Reduced -16.2k |
| CHARTWELL INVESTMENT PARTNERS, LLC 0.12% of their portfolio | 50.9k $3.4m | Added +8.4k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 48.9k $3.3m | Added +936 |
| LPL Financial LLC 0.00% of their portfolio | 48.4k $3.3m | Added +1.5k |
| AMALGAMATED BANK 0.03% of their portfolio | 47.7k $3.2m | Added +486 |
| Aptus Capital Advisors, LLC 0.07% of their portfolio | 47.7k $3.2m | Added +5.1k |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 47.5k $3.2m | Unchanged |
| Pathstone Holdings, LLC 0.01% of their portfolio | 45.1k $3.0m | Added +27.2k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.26% of their portfolio | 44.5k $3.0m | Reduced -133.1k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 44.4k $2.9m | Reduced -2.7k |