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 ($10.7m this quarter). Holder counts are more reliable. Shares outstanding: 88.4m as of 2024-10-28, 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 ≈ $64.44. Options: 23 managers hold calls ($114.1m notional), 21 hold puts ($158.8m).
Trends to Q3 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 |
| Q2 2024 | 328 |
| Q3 2024 | 327 |
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 |
| Q2 2024 | 144 | 184 |
| Q3 2024 | 166 | 148 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $77.2m | $181.8m | 2.36 |
| Q1 2024 | $72.5m | $144.5m | 1.99 |
| Q2 2024 | $105.0m | $166.3m | 1.58 |
| Q3 2024 | $114.1m | $158.8m | 1.39 |
Biggest buyers
| VICTORY CAPITAL MANAGEMENT INC | Added | +894.4k |
| Boston Partners | Added | +583.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +424.8k |
| Balyasny Asset Management L.P. | Added | +366.9k |
| Lighthouse Investment Partners, LLC | New | +257.6k |
| Channing Capital Management, LLC | Added | +247.4k |
| Governors Lane LP | New | +236.9k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Added | +180.8k |
| GOLDENTREE ASSET MANAGEMENT LP | New | +177.7k |
| Nuveen Asset Management, LLC | Added | +168.6k |
Biggest sellers
| HG Vora Capital Management, LLC | Reduced | -1.0m |
| COHEN & STEERS, INC. | Reduced | -946.3k |
| CITADEL ADVISORS LLC | Reduced | -639.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -269.5k |
| JANE STREET GROUP, LLC | Reduced | -243.2k |
| Long Pond Capital, LP | Reduced | -237.7k |
| Russell Investments Group, Ltd. | Reduced | -202.5k |
| JPMORGAN CHASE & CO | Reduced | -187.7k |
| HRT FINANCIAL LP | Reduced | -183.7k |
| Nitorum Capital, L.P. | Reduced | -163.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $22.2m343.1k shares |
| Governors Lane LP | New | $19.9m307.9k shares |
| Walleye Trading LLC | Reduced | $10.9m168.8k shares |
| CITADEL ADVISORS LLC | Reduced | $9.6m148.9k shares |
| Portman Square Capital LLP | Reduced | $7.4m114.8k shares |
| WOLVERINE TRADING, LLC | New | $7.1m107.9k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $6.3m97.2k shares |
| JANE STREET GROUP, LLC | Reduced | $5.9m91.9k shares |
| GROUP ONE TRADING LLC | Reduced | $5.0m76.6k shares |
| Hudson Bay Capital Management LP | New | $4.0m61.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $48.2m745.5k shares |
| SpiderRock Advisors, LLC | Unchanged | $32.3m500.0k shares |
| Portman Square Capital LLP | Unchanged | $24.5m378.2k shares |
| GOLDMAN SACHS GROUP INC | Added | $9.5m147.2k shares |
| HBK INVESTMENTS L P | Unchanged | $8.9m138.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.1m125.4k shares |
| Walleye Trading LLC | Reduced | $7.9m121.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.0m77.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.3m36.1k shares |
| Walleye Capital LLC | Reduced | $2.1m32.3k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2024 | 0 | — | 1 | $100.0k | — |
| Q3 2024 | 0 | — | 2 | $6.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-30 | JOHNSON MARIANNE BOYD Executive Chairman, director · By Trust* | Sold | $4.4m73.1k shares |
| 2024-08-29 | JOHNSON MARIANNE BOYD Executive Chairman, director · By Trust* | Sold | $1.6m26.9k shares |
| 2024-08-26 | SPADAFOR CHRISTINE J. Director · By Trust | Sold | $75.0k1.2k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 6.4m $416.7m | Reduced -71.6k |
| BlackRock, Inc. 0.01% of their portfolio | 6.2m $401.9m | First filing |
| COHEN & STEERS, INC. 0.60% of their portfolio | 5.2m $339.1m | Reduced -946.3k |
| ARIEL INVESTMENTS, LLC 2.10% of their portfolio | 3.2m $205.9m | Added +153.4k |
| HG Vora Capital Management, LLC 14.21% of their portfolio | 3.0m $193.9m | Reduced -1.0m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.9m $188.6m | Reduced -187.7k |
| Boston Partners 0.22% of their portfolio | 2.9m $186.7m | Added +583.7k |
| STATE STREET CORP 0.01% of their portfolio | 2.1m $136.7m | Added +17.6k |
| FMR LLC 0.01% of their portfolio | 1.5m $97.9m | Reduced -13.7k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.2m $80.6m | Added +168.6k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 1.2m $78.3m | Added +61.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.2m $74.6m | Added +33.4k |
| Balyasny Asset Management L.P. 0.19% of their portfolio | 1.1m $72.5m | Added +366.9k |
| Channing Capital Management, LLC 1.78% of their portfolio | 1.1m $69.5m | Added +247.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 971.9k $62.8m | Added +54.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 908.9k $58.8m | Added +894.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 898.4k $58.1m | Added +48.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 854.9k $55.3m | Added +424.8k |
| NORGES BANK 0.01% of their portfolio | 824.1k $53.3m | Unchanged |
| Bank of New York Mellon Corp 0.01% of their portfolio | 713.0k $46.1m | Reduced -62.6k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 702.6k $45.1m | Reduced -105.3k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 700.0k $45.3m | Added +1.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 697.5k $45.1m | Reduced -42.9k |
| PINNACLE ASSOCIATES LTD 0.72% of their portfolio | 679.2k $42.5m | Added +16.2k |
| MORGAN STANLEY 0.00% of their portfolio | 662.1k $42.8m | Added +52.7k |
| GAMCO INVESTORS, INC. ET AL 0.39% of their portfolio | 596.3k $38.6m | Reduced -3.9k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 573.7k $37.1m | Added +27.7k |
| BWCP, LP 7.97% of their portfolio | 555.9k $35.9m | Reduced -10.7k |
| Nitorum Capital, L.P. 3.49% of their portfolio | 536.7k $34.7m | Reduced -163.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 519.8k $33.6m | Reduced -14.1k |
| SpiderRock Advisors, LLC 0.69% of their portfolio | 500.5k $32.4m | Unchanged |
| SCOUT INVESTMENTS, INC. 0.75% of their portfolio | 450.9k $28.6m | Added +9.3k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 411.0k $26.6m | Reduced -86.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 407.0k $26.3m | Reduced -66.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 402.6k $26.0m | Added +79.1k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 377.3k $24.4m | Added +6.7k |
| Invesco Ltd. 0.00% of their portfolio | 367.1k $23.7m | Reduced -156.3k |
| Man Group plc 0.06% of their portfolio | 317.4k $20.5m | Added +145.3k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 311.9k $20.2m | Reduced -105.6k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.16% of their portfolio | 270.5k $17.5m | Reduced -158.4k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.07% of their portfolio | 259.7k $16.8m | Reduced -190 |
| Lighthouse Investment Partners, LLC 0.90% of their portfolio | 257.6k $16.7m | New |
| Governors Lane LP 2.40% of their portfolio | 236.9k $15.3m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 235.6k $15.2m | Reduced -269.5k |
| Gotham Asset Management, LLC 0.15% of their portfolio | 228.1k $14.7m | Added +125.4k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 226.7k $14.7m | Reduced -3.0k |
| Retirement Systems of Alabama 0.05% of their portfolio | 220.3k $14.2m | Added +461 |
| UBS Group AG 0.00% of their portfolio | 212.4k $13.7m | Added +56.7k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 185.9k $12.0m | Reduced -639.0k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 184.6k $2.9k | Added +180.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 183.9k $11.9m | Reduced -4.0k |
| Penn Capital Management Company, LLC 1.09% of their portfolio | 183.1k $11.9m | Added +42.3k |
| GOLDENTREE ASSET MANAGEMENT LP 0.92% of their portfolio | 177.7k $11.5m | New |
| BARCLAYS PLC 0.00% of their portfolio | 167.5k $10.8m | Added +32.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 162.6k $10.5m | Reduced -1.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 159.5k $10.3m | Reduced -64.9k |
| GABELLI FUNDS LLC 0.07% of their portfolio | 150.3k $9.7m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 146.5k $9.5m | Reduced -337 |
| ALGERT GLOBAL LLC 0.25% of their portfolio | 142.0k $9.2m | Added +91.9k |
| Swiss National Bank 0.01% of their portfolio | 139.0k $9.0m | Reduced -2.2k |
| Long Pond Capital, LP 0.39% of their portfolio | 133.2k $8.6m | Reduced -237.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 127.6k $8.2m | Reduced -21.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 122.4k $7.9m | Reduced -3.0k |
| Hudson Bay Capital Management LP 0.05% of their portfolio | 116.5k $7.5m | Added +3.8k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 111.8k $7.2m | Reduced -78.0k |
| Belmont Capital, LLC 1.18% of their portfolio | 109.9k $7.1m | Unchanged |
| Weiss Asset Management LP 0.18% of their portfolio | 109.8k $7.1m | New |
| BAMCO INC /NY/ 0.02% of their portfolio | 108.0k $7.0m | Unchanged |
| Quantinno Capital Management LP 0.09% of their portfolio | 106.7k $6.9m | Added +37.1k |
| Northern Right Capital Management, L.P. 2.37% of their portfolio | 98.5k $6.4m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 94.3k $6.1m | Added +8.5k |
| GRATIA CAPITAL, LLC 8.48% of their portfolio | 91.7k $5.9m | Reduced -33.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 91.5k $5.9m | Reduced -7.5k |
| BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. 3.14% of their portfolio | 82.0k $5.3m | Unchanged |
| Corebridge Financial, Inc. 0.03% of their portfolio | 81.4k $5.3m | Reduced -3.8k |
| NOMURA HOLDINGS INC 0.04% of their portfolio | 79.8k $5.2m | New |
| Aptus Capital Advisors, LLC 0.07% of their portfolio | 68.7k $4.4m | Added +9.3k |
| HRT FINANCIAL LP 0.02% of their portfolio | 68.5k $4.4m | Reduced -183.7k |
| CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio | 67.8k $4.4m | Added +19.5k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 67.4k $4.4m | Added +403 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 67.2k $4.3m | Reduced -2.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 66.3k $4.3m | Reduced -11.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 64.4k $4.2m | Reduced -2.7k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 62.1k $4.0m | Added +61.6k |
| Bridgewater Associates, LP 0.02% of their portfolio | 60.2k $3.9m | Reduced -62.9k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 59.6k $3.9m | Reduced -5.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 57.8k $3.7m | Reduced -1.7k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 53.9k $3.5m | Added +114 |
| ExodusPoint Capital Management, LP 0.04% of their portfolio | 52.8k $3.4m | Reduced -66.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 52.7k $3.4m | Added +158 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 51.7k $3.3m | Added +2.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 51.1k $3.3m | Added +3.7k |
| Quadrature Capital Ltd 0.07% of their portfolio | 50.0k $3.2m | Added +33.4k |
| Shellback Capital, LP 0.26% of their portfolio | 49.9k $3.2m | Reduced -50.1k |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 48.0k $3.1m | Added +540 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 47.4k $3.1m | Added +2.6k |
| Sanctuary Advisors, LLC 0.02% of their portfolio | 47.4k $3.4m | Added +9.6k |
| Alaska Permanent Fund Corp 0.04% of their portfolio | 44.8k $2.9m | Unchanged |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 44.4k $2.9m | Reduced -4.3k |
| Pathstone Holdings, LLC 0.01% of their portfolio | 44.2k $2.9m | Added +404 |