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 ($11.4m this quarter). Holder counts are more reliable. Shares outstanding: 80.2m as of 2025-07-28, 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 ≈ $78.27. Options: 16 managers hold calls ($115.6m notional), 15 hold puts ($43.1m).
Trends to Q2 2025
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 |
| Q1 2025 | 356 |
| Q2 2025 | 364 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 150 | 187 |
| Q4 2023 | 136 | 198 |
| Q1 2024 | 159 | 165 |
| Q2 2024 | 144 | 184 |
| Q3 2024 | 166 | 148 |
| Q4 2024 | 155 | 161 |
| Q1 2025 | 182 | 163 |
| Q2 2025 | 168 | 198 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $114.1m | $158.8m | 1.39 |
| Q4 2024 | $130.3m | $107.5m | 0.83 |
| Q1 2025 | $112.3m | $46.0m | 0.41 |
| Q2 2025 | $115.6m | $43.1m | 0.37 |
Biggest buyers
| FIRST TRUST ADVISORS LP | Added | +978.9k |
| FMR LLC | Added | +619.8k |
| LSV ASSET MANAGEMENT | Added | +131.5k |
| AMERICAN CENTURY COMPANIES INC | Added | +127.2k |
| Quantinno Capital Management LP | Added | +97.9k |
| CITIGROUP INC | Added | +96.1k |
| Allianz Asset Management GmbH | Added | +89.6k |
| J. Goldman & Co LP | Added | +83.6k |
| Ruffer LLP | New | +82.7k |
| PEREGRINE CAPITAL MANAGEMENT LLC | New | +72.7k |
Biggest sellers
| BlackRock, Inc. | Reduced | -1.3m |
| HG Vora Capital Management, LLC | Reduced | -850.0k |
| Squarepoint Ops LLC | Sold out | -475.0k |
| Nuveen, LLC | Reduced | -433.9k |
| COHEN & STEERS, INC. | Reduced | -373.8k |
| VANGUARD GROUP INC | Reduced | -271.5k |
| ARIEL INVESTMENTS, LLC | Reduced | -263.1k |
| Invesco Ltd. | Reduced | -160.0k |
| NORTHERN TRUST CORP | Reduced | -133.0k |
| Man Group plc | Reduced | -131.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $30.8m393.8k shares |
| BARCLAYS PLC | Reduced | $27.4m350.0k shares |
| CITADEL ADVISORS LLC | Reduced | $15.3m195.6k shares |
| JANE STREET GROUP, LLC | Added | $10.2m129.9k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $7.6m97.2k shares |
| Walleye Trading LLC | Reduced | $6.6m84.1k shares |
| ROYAL BANK OF CANADA | New | $3.9m49.8k shares |
| GROUP ONE TRADING LLC | Reduced | $3.7m47.9k shares |
| SIMPLEX TRADING, LLC | Added | $3.6m45.7k shares |
| Point72 Asset Management, L.P. | Reduced | $2.4m30.7k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $9.9m126.9k shares |
| BARCLAYS PLC | New | $7.8m100.0k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $7.6m97.2k shares |
| PEAK6 LLC | Reduced | $5.1m65.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.8m48.1k shares |
| Point72 Asset Management, L.P. | Reduced | $1.9m24.5k shares |
| CITADEL ADVISORS LLC | Reduced | $1.7m21.3k shares |
| SIMPLEX TRADING, LLC | Unchanged | $1.7m21.2k shares |
| Walleye Trading LLC | Added | $1.6m20.5k shares |
| IMC-Chicago, LLC | Reduced | $1.3m16.6k 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 Q2 2025
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q1 2025 | 0 | — | 5 | $10.8m | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 5.8m $455.4m | Reduced -271.5k |
| BlackRock, Inc. 0.01% of their portfolio | 5.5m $431.8m | Reduced -1.3m |
| Boston Partners 0.34% of their portfolio | 3.9m $304.1m | Reduced -52.9k |
| COHEN & STEERS, INC. 0.53% of their portfolio | 3.7m $289.8m | Reduced -373.8k |
| ARIEL INVESTMENTS, LLC 2.51% of their portfolio | 2.8m $221.8m | Reduced -263.1k |
| FMR LLC 0.01% of their portfolio | 2.1m $161.4m | Added +619.8k |
| STATE STREET CORP 0.01% of their portfolio | 2.0m $154.6m | Reduced -122.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 1.3m $103.6m | Added +39.9k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 1.2m $94.9m | Added +127.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.1m $89.1m | Reduced -87.1k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 1.1m $87.8m | Added +978.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.1m $86.9m | Reduced -100.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 1.1m $86.4m | Added +55.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.1m $85.4m | Reduced -81.6k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 1.0m $81.9m | Added +30.5k |
| Nuveen, LLC 0.02% of their portfolio | 971.2k $76.0m | Reduced -433.9k |
| Channing Capital Management, LLC 2.00% of their portfolio | 918.3k $71.8m | Reduced -105.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 899.2k $70.3m | Reduced -84.6k |
| MORGAN STANLEY 0.00% of their portfolio | 728.5k $57.0m | Added +53.1k |
| NORGES BANK 0.01% of their portfolio | 702.2k $54.9m | Reduced -63.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 661.0k $51.7m | Reduced -31.5k |
| MACQUARIE GROUP LTD 0.06% of their portfolio | 649.0k $50.8m | Added +7.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 629.7k $49.3m | Reduced -1.9k |
| Balyasny Asset Management L.P. 0.11% of their portfolio | 628.1k $49.1m | Reduced -9.6k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 597.0k $46.7m | Reduced -44.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 549.5k $43.0m | Reduced -133.0k |
| BWCP, LP 6.83% of their portfolio | 534.1k $41.8m | Added +14.9k |
| HG Vora Capital Management, LLC 4.31% of their portfolio | 500.0k $39.1m | Reduced -850.0k |
| GAMCO INVESTORS, INC. ET AL 0.34% of their portfolio | 443.6k $34.7m | Reduced -23.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 424.1k $33.2m | Added +69.5k |
| Gotham Asset Management, LLC 0.20% of their portfolio | 417.6k $32.7m | Added +70.9k |
| GOLDENTREE ASSET MANAGEMENT LP 3.05% of their portfolio | 403.8k $31.6m | Reduced -71.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 391.9k $30.7m | Reduced -19.6k |
| Nitorum Capital, L.P. 4.52% of their portfolio | 390.0k $30.5m | Reduced -18.4k |
| Quantinno Capital Management LP 0.13% of their portfolio | 385.0k $30.1m | Added +97.9k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 360.5k $28.2m | Added +15.7k |
| PINNACLE ASSOCIATES LTD 0.41% of their portfolio | 358.0k $28.0m | Reduced -109.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 356.8k $27.9m | Reduced -29.2k |
| UBS Group AG 0.01% of their portfolio | 334.4k $26.2m | Added +66.8k |
| Invesco Ltd. 0.00% of their portfolio | 311.9k $24.4m | Reduced -160.0k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 309.7k $24.9m | Added +58.6k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 290.8k $22.7m | Reduced -113.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 263.6k $20.6m | Added +11.0k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.07% of their portfolio | 259.2k $20.3m | Reduced -319 |
| LSV ASSET MANAGEMENT 0.04% of their portfolio | 245.1k $19.2m | Added +131.5k |
| Retirement Systems of Alabama 0.06% of their portfolio | 228.3k $17.9m | Added +10.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 224.7k $17.6m | Added +69.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 211.3k $16.5m | Added +26.9k |
| Glenmede Investment Management, LP 0.08% of their portfolio | 209.0k $16.3m | First filing |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 194.2k $15.2m | Reduced -43.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 169.1k $13.2m | Reduced -80.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 165.4k $12.9m | Reduced -13.6k |
| Penn Capital Management Company, LLC 1.09% of their portfolio | 161.6k $12.7m | Reduced -12.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 151.5k $11.9m | Added +12.6k |
| Bridgewater Associates, LP 0.05% of their portfolio | 147.4k $11.5m | Reduced -20.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 142.8k $11.2m | Added +69.2k |
| Man Group plc 0.02% of their portfolio | 140.0k $11.0m | Reduced -131.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 138.3k $10.8m | Reduced -14.1k |
| J. Goldman & Co LP 0.33% of their portfolio | 132.7k $10.4m | Added +83.6k |
| Legal & General Group Plc 0.00% of their portfolio | 132.1k $10.3m | Reduced -2.1k |
| Seven Six Capital Management, LLC 9.29% of their portfolio | 130.7k $10.2m | Reduced -2.5k |
| Treasurer of the State of North Carolina 0.03% of their portfolio | 128.6k $10.1m | Added +71.4k |
| BARCLAYS PLC 0.00% of their portfolio | 126.7k $9.9m | Added +70.5k |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 124.5k $9.7m | Added +32.3k |
| LPL Financial LLC 0.00% of their portfolio | 122.1k $9.6m | Added +6.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 121.6k $9.5m | Added +1.1k |
| CITIGROUP INC 0.01% of their portfolio | 118.0k $9.2m | Added +96.1k |
| GABELLI FUNDS LLC 0.06% of their portfolio | 115.0k $9.0m | Reduced -7.7k |
| Swiss National Bank 0.01% of their portfolio | 110.3k $8.6m | Reduced -9.6k |
| Belmont Capital, LLC 1.31% of their portfolio | 109.9k $8.6m | Unchanged |
| Brandywine Global Investment Management, LLC 0.06% of their portfolio | 108.1k $8.5m | Added +24.1k |
| Aptus Capital Advisors, LLC 0.08% of their portfolio | 104.0k $8.1m | Added +9.2k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 99.9k $7.8m | Added +89.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 86.4k $6.8m | Reduced -7.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 83.6k $6.5m | Reduced -65.7k |
| Ruffer LLP 0.29% of their portfolio | 82.7k $6.5m | New |
| BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. 3.74% of their portfolio | 82.0k $6.4m | Unchanged |
| BAMCO INC /NY/ 0.02% of their portfolio | 79.7k $6.2m | Unchanged |
| Sequoia Financial Advisors, LLC 0.04% of their portfolio | 77.0k $6.0m | Added +2.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 72.7k $5.7m | Reduced -1.3k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 72.7k $5.7m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 71.4k $5.6m | Added +9.1k |
| HRT FINANCIAL LP 0.03% of their portfolio | 66.7k $5.2m | Added +34.9k |
| Illinois Municipal Retirement Fund 0.07% of their portfolio | 63.8k $5.0m | Added +14.4k |
| BI Asset Management Fondsmaeglerselskab A/S 0.05% of their portfolio | 63.5k $5.0m | Added +48.0k |
| Redwood Investment Management, LLC 0.51% of their portfolio | 61.3k $4.8m | Reduced -14.5k |
| FOSTER & MOTLEY INC 0.26% of their portfolio | 57.9k $4.5m | Added +33.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 56.9k $4.5m | Reduced -79.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 54.2k $4.2m | Reduced -3.4k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.33% of their portfolio | 53.4k $4.2m | Reduced -23.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 51.3k $4.0m | Added +10 |
| Hodges Capital Management Inc. 0.36% of their portfolio | 47.8k $3.7m | Added +2.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 47.5k $3.7m | Reduced -5.6k |
| GRATIA CAPITAL, LLC 4.04% of their portfolio | 47.4k $3.7m | Added +10.8k |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 46.9k $3.7m | Reduced -900 |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 44.4k $3.5m | Unchanged |
| Kingsview Wealth Management, LLC 0.06% of their portfolio | 41.7k $3.3m | New |
| Diametric Capital, LP 1.71% of their portfolio | 41.1k $3.2m | New |
| Empowered Funds, LLC 0.04% of their portfolio | 40.1k $3.1m | Added +32.3k |
| Orvieto Partners, L.P. 2.78% of their portfolio | 40.0k $3.1m | Unchanged |