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 ($13.0m 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 ≈ $72.55. Options: 19 managers hold calls ($130.3m notional), 17 hold puts ($107.5m).
Trends to Q4 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 |
| Q4 2024 | 346 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 155 | 161 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $72.5m | $144.5m | 1.99 |
| Q2 2024 | $105.0m | $166.3m | 1.58 |
| Q3 2024 | $114.1m | $158.8m | 1.39 |
| Q4 2024 | $130.3m | $107.5m | 0.83 |
Biggest buyers
| Boston Partners | Added | +1.1m |
| BlackRock, Inc. | Added | +550.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +442.0k |
| Verition Fund Management LLC | Added | +312.1k |
| GOLDENTREE ASSET MANAGEMENT LP | Added | +278.4k |
| FRANKLIN RESOURCES INC | Added | +261.4k |
| UBS Group AG | Added | +144.2k |
| Allspring Global Investments Holdings, LLC | Added | +140.7k |
| J. Goldman & Co LP | New | +115.2k |
| MILLENNIUM MANAGEMENT LLC | Added | +111.2k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| HG Vora Capital Management, LLC | Reduced | -1.0m |
| Balyasny Asset Management L.P. | Reduced | -744.8k |
| Lighthouse Investment Partners, LLC | Sold out | -257.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -248.0k |
| PINNACLE ASSOCIATES LTD | Reduced | -196.5k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Reduced | -181.7k |
| CITADEL ADVISORS LLC | Reduced | -153.1k |
| Long Pond Capital, LP | Sold out | -133.2k |
| DEUTSCHE BANK AG\ | Reduced | -106.1k |
Biggest calls
| Governors Lane LP | Added | $38.1m525.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $23.5m323.8k shares |
| CITADEL ADVISORS LLC | Added | $13.0m179.9k shares |
| Walleye Trading LLC | Reduced | $8.6m118.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $7.2m100.2k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $7.1m97.2k shares |
| Squarepoint Ops LLC | Added | $6.9m95.1k shares |
| JANE STREET GROUP, LLC | Reduced | $6.3m86.7k shares |
| GROUP ONE TRADING LLC | Reduced | $5.4m74.1k shares |
| SIMPLEX TRADING, LLC | Added | $4.6m63.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $57.5m792.3k shares |
| Portman Square Capital LLP | Reduced | $14.2m196.4k shares |
| HBK INVESTMENTS L P | Unchanged | $10.0m138.0k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $7.1m97.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.9m53.3k shares |
| Walleye Trading LLC | Reduced | $3.4m47.3k shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $1.8m25.0k shares |
| IMC-Chicago, LLC | Reduced | $1.7m23.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.6m22.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.6m22.6k 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 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2024 | 0 | — | 5 | $17.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-12 | SPADAFOR CHRISTINE J. Director | Sold | $49.9k660 shares |
| 2024-11-22 | SMITH KEITH President and CEO, director | Sold | $2.2m30.0k shares |
| 2024-11-19 | SMITH KEITH President and CEO, director | Sold | $2.2m30.0k shares |
| 2024-11-13 | SMITH KEITH President and CEO, director | Sold | $2.9m40.0k shares |
| 2024-11-06 | Hirsberg Josh CFO & Treasurer | Sold | $1.5m21.5k shares |
| 2024-11-01 | SPADAFOR CHRISTINE J. Director · By Trust | Sold | $75.4k1.1k shares |
| 2024-10-31 | Bogich Ted Chief Operating Officer | Sold | $1.7m25.2k shares |
| 2024-10-31 | BOYD WILLIAM R Director · By Trust | Sold | $1.7m25.2k shares |
| 2024-10-30 | BOYD WILLIAM R Director · By Trust | Sold | $5.3m74.8k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 6.8m $490.8m | Added +550.2k |
| VANGUARD GROUP INC 0.01% of their portfolio | 6.4m $461.2m | Reduced -86.6k |
| COHEN & STEERS, INC. 0.72% of their portfolio | 5.3m $381.9m | Added +21.6k |
| Boston Partners 0.35% of their portfolio | 4.0m $287.2m | Added +1.1m |
| ARIEL INVESTMENTS, LLC 2.47% of their portfolio | 3.2m $231.1m | Added +1.3k |
| STATE STREET CORP 0.01% of their portfolio | 2.1m $152.9m | Reduced -6.3k |
| HG Vora Capital Management, LLC 10.94% of their portfolio | 2.0m $145.1m | Reduced -1.0m |
| FMR LLC 0.01% of their portfolio | 1.5m $108.3m | Reduced -21.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 1.3m $94.1m | Added +442.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.3m $91.1m | Reduced -1.7m |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 1.2m $86.6m | Reduced -17.1k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.2m $85.4m | Reduced -67.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.1m $79.9m | Reduced -52.0k |
| Channing Capital Management, LLC 2.03% of their portfolio | 1.1m $76.2m | Reduced -24.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 975.0k $70.7m | Added +3.1k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 964.1k $69.9m | Added +261.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 925.9k $67.2m | Added +17.0k |
| NORGES BANK 0.01% of their portfolio | 765.8k $55.6m | Reduced -58.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 735.9k $53.4m | Added +38.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 685.1k $49.7m | Reduced -27.9k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 684.9k $49.7m | Added +111.2k |
| MACQUARIE GROUP LTD 0.06% of their portfolio | 676.5k $49.1m | Reduced -23.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 650.4k $47.2m | Reduced -248.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 597.4k $43.3m | Added +77.6k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 596.5k $43.3m | First filing |
| MORGAN STANLEY 0.00% of their portfolio | 582.0k $42.2m | Reduced -80.1k |
| GAMCO INVESTORS, INC. ET AL 0.40% of their portfolio | 533.0k $38.7m | Reduced -63.3k |
| Nitorum Capital, L.P. 4.11% of their portfolio | 492.4k $35.7m | Reduced -44.3k |
| BWCP, LP 7.64% of their portfolio | 489.4k $35.5m | Reduced -66.6k |
| PINNACLE ASSOCIATES LTD 0.48% of their portfolio | 482.7k $35.0m | Reduced -196.5k |
| Invesco Ltd. 0.01% of their portfolio | 468.1k $34.0m | Added +101.0k |
| GOLDENTREE ASSET MANAGEMENT LP 2.54% of their portfolio | 456.1k $33.1m | Added +278.4k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 439.1k $31.8m | Added +28.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 411.9k $29.9m | Added +4.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 387.7k $28.1m | Reduced -14.9k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 382.0k $27.7m | Added +4.7k |
| Balyasny Asset Management L.P. 0.06% of their portfolio | 376.0k $27.3m | Reduced -744.8k |
| UBS Group AG 0.01% of their portfolio | 356.6k $25.9m | Added +144.2k |
| Verition Fund Management LLC 0.12% of their portfolio | 322.3k $23.4m | Added +312.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 275.4k $20.0m | Added +39.9k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.07% of their portfolio | 259.4k $18.8m | Reduced -287 |
| Gotham Asset Management, LLC 0.17% of their portfolio | 249.1k $18.1m | Added +21.0k |
| Governors Lane LP 2.59% of their portfolio | 239.7k $17.4m | Added +2.8k |
| Man Group plc 0.05% of their portfolio | 228.9k $16.6m | Reduced -88.5k |
| GLENMEDE TRUST CO NA 0.08% of their portfolio | 222.4k $16.1m | Reduced -4.3k |
| Retirement Systems of Alabama 0.06% of their portfolio | 217.3k $15.8m | Reduced -3.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 205.8k $14.9m | Reduced -106.1k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 202.8k $14.6m | Added +140.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 193.8k $14.1m | Added +31.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 185.7k $13.5m | Added +1.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.13% of their portfolio | 182.8k $13.3m | Reduced -87.7k |
| Penn Capital Management Company, LLC 1.15% of their portfolio | 162.3k $11.8m | Reduced -20.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 159.6k $11.6m | Added +32.0k |
| Quantinno Capital Management LP 0.11% of their portfolio | 158.0k $11.5m | Added +51.4k |
| Hudson Bay Capital Management LP 0.07% of their portfolio | 155.2k $11.3m | Added +38.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 151.8k $11.0m | Reduced -7.6k |
| Legal & General Group Plc 0.00% of their portfolio | 140.7k $10.2m | Reduced -5.9k |
| GABELLI FUNDS LLC 0.07% of their portfolio | 135.5k $9.8m | Reduced -14.8k |
| Swiss National Bank 0.01% of their portfolio | 135.3k $9.8m | Reduced -3.7k |
| Seven Six Capital Management, LLC 7.96% of their portfolio | 126.3k $9.2m | First filing |
| J. Goldman & Co LP 0.30% of their portfolio | 115.2k $8.4m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 114.6k $8.3m | Reduced -7.8k |
| LPL Financial LLC 0.00% of their portfolio | 112.3k $8.1m | Added +82.3k |
| Belmont Capital, LLC 1.30% of their portfolio | 109.9k $8.0m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 108.5k $7.9m | Reduced -59.1k |
| HRT FINANCIAL LP 0.04% of their portfolio | 96.4k $7.0m | Added +27.8k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 90.6k $6.6m | Added +68.6k |
| Trexquant Investment LP 0.07% of their portfolio | 85.4k $6.2m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 85.2k $6.2m | Reduced -9.1k |
| Aptus Capital Advisors, LLC 0.07% of their portfolio | 84.1k $6.1m | Added +15.4k |
| Sequoia Financial Advisors, LLC 0.06% of their portfolio | 83.6k $6.1m | New |
| BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. 3.20% of their portfolio | 82.0k $5.9m | Unchanged |
| BAMCO INC /NY/ 0.02% of their portfolio | 81.5k $5.9m | Reduced -26.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 81.2k $5.9m | Added +15.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 78.8k $5.7m | Reduced -12.7k |
| WINTON GROUP Ltd 0.38% of their portfolio | 78.4k $5.7m | New |
| Corebridge Financial, Inc. 0.03% of their portfolio | 75.0k $5.4m | Reduced -6.4k |
| ALGERT GLOBAL LLC 0.12% of their portfolio | 72.3k $5.2m | Reduced -69.7k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 71.1k $5.2m | New |
| Redwood Investment Management, LLC 0.50% of their portfolio | 70.8k $5.1m | New |
| Edgestream Partners, L.P. 0.21% of their portfolio | 67.9k $4.9m | Added +63.0k |
| Squarepoint Ops LLC 0.01% of their portfolio | 64.6k $4.7m | Added +29.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 64.0k $4.6m | Reduced -3.2k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 62.6k $4.5m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 60.3k $4.4m | Added +48.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 59.5k $4.3m | Reduced -5.0k |
| Brandywine Global Investment Management, LLC 0.03% of their portfolio | 59.2k $4.3m | New |
| GRATIA CAPITAL, LLC 4.90% of their portfolio | 57.8k $4.2m | Reduced -34.0k |
| Caption Management, LLC 0.17% of their portfolio | 55.9k $4.1m | Added +42.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 54.9k $4.0m | Added +3.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 54.4k $3.9m | Reduced -3.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 54.1k $3.9m | Added +1.4k |
| Treasurer of the State of North Carolina 0.01% of their portfolio | 51.8k $3.8m | Added +21.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 51.0k $3.7m | Reduced -140 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 48.8k $3.5m | Added +1.3k |
| Sanctuary Advisors, LLC 0.02% of their portfolio | 48.2k $3.8m | Added +836 |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 47.5k $3.4m | Reduced -485 |
| Alaska Permanent Fund Corp 0.05% of their portfolio | 44.8k $3.2m | Unchanged |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 44.4k $3.2m | Unchanged |
| Graham Capital Management, L.P. 0.10% of their portfolio | 43.3k $3.1m | New |