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 ($4.9m this quarter). Holder counts are more reliable. Shares outstanding: 74.3m as of 2026-04-27, 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 ≈ $82.18. Options: 11 managers hold calls ($88.1m notional), 12 hold puts ($39.9m).
Trends to Q1 2026
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 |
| Q3 2025 | 398 |
| Q4 2025 | 426 |
| Q1 2026 | 413 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 144 | 184 |
| Q3 2024 | 166 | 148 |
| Q4 2024 | 155 | 161 |
| Q1 2025 | 182 | 163 |
| Q2 2025 | 168 | 198 |
| Q3 2025 | 201 | 180 |
| Q4 2025 | 190 | 221 |
| Q1 2026 | 207 | 192 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $115.6m | $43.1m | 0.37 |
| Q3 2025 | $170.6m | $118.3m | 0.69 |
| Q4 2025 | $145.2m | $88.2m | 0.61 |
| Q1 2026 | $88.1m | $39.9m | 0.45 |
Biggest buyers
| COHEN & STEERS, INC. | Added | +1.5m |
| Ilex Capital Partners (UK) LLP | New | +473.6k |
| DEPRINCE RACE & ZOLLO INC | New | +265.4k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +261.2k |
| Freestone Grove Partners LP | Added | +183.9k |
| BlackRock, Inc. | Added | +176.1k |
| Gotham Asset Management, LLC | Added | +174.4k |
| Hudson Bay Capital Management LP | Added | +149.0k |
| Quantinno Capital Management LP | Added | +142.5k |
| Woodline Partners LP | New | +116.6k |
Biggest sellers
| FRANKLIN RESOURCES INC | Reduced | -603.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -492.3k |
| Boston Partners | Reduced | -469.5k |
| Invesco Ltd. | Reduced | -453.7k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -407.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -399.7k |
| UBS Group AG | Reduced | -333.4k |
| BARCLAYS PLC | Reduced | -328.0k |
| MORGAN STANLEY | Reduced | -266.9k |
| Qube Research & Technologies Ltd | Reduced | -229.7k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $45.4m551.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.0m182.6k shares |
| CITADEL ADVISORS LLC | Reduced | $7.3m88.9k shares |
| Walleye Trading LLC | Reduced | $4.8m58.6k shares |
| IMC-Chicago, LLC | Added | $4.6m55.7k shares |
| Twin Tree Management, LP | Reduced | $4.5m54.4k shares |
| PEAK6 LLC | Added | $3.7m44.8k shares |
| GROUP ONE TRADING LLC | Added | $1.8m22.1k shares |
| Squarepoint Ops LLC | New | $739.6k9.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $287.6k3.5k shares |
Biggest puts
| JANE STREET GROUP, LLC | Reduced | $8.9m108.5k shares |
| SIMPLEX TRADING, LLC | Added | $7.4m90.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.5m79.6k shares |
| IMC-Chicago, LLC | Added | $4.5m54.9k shares |
| CITADEL ADVISORS LLC | Added | $3.0m37.1k shares |
| GROUP ONE TRADING LLC | Reduced | $2.6m32.0k shares |
| Walleye Trading LLC | Added | $2.3m28.2k shares |
| J. Goldman & Co LP | New | $1.3m15.8k shares |
| Twin Tree Management, LP | New | $1.2m14.4k shares |
| TUDOR INVESTMENT CORP ET AL | New | $928.6k11.3k 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 Q1 2026
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 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 | — | — |
| Q3 2025 | 0 | — | 7 | $32.8m | — |
| Q4 2025 | 0 | — | 1 | $1.6m | — |
| Q1 2026 | 0 | — | 3 | $6.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-27 | Thompson Stephen S. Chief Administrative Officer | Sold | $1.6m19.5k shares |
| 2026-02-26 | Hirsberg Josh CFO & Treasurer | Sold | $2.1m23.9k shares |
| 2026-02-18 | BOYD WILLIAM R Director · By Trust | Sold | $2.5m30.0k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 5.6m $456.3m | Added +176.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 2.8m $228.2m | First filing |
| Boston Partners 0.24% of their portfolio | 2.8m $226.7m | Reduced -469.5k |
| COHEN & STEERS, INC. 0.35% of their portfolio | 2.5m $203.0m | Added +1.5m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.4m $197.5m | First filing |
| ARIEL INVESTMENTS, LLC 2.09% of their portfolio | 2.3m $186.9m | Reduced -65.8k |
| STATE STREET CORP 0.01% of their portfolio | 2.0m $161.8m | Added +55.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.6m $132.9m | Added +261.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 1.4m $111.4m | Reduced -399.7k |
| FMR LLC 0.01% of their portfolio | 1.3m $108.9m | Reduced -196.3k |
| Invesco Ltd. 0.01% of their portfolio | 974.1k $80.1m | Reduced -453.7k |
| Quantinno Capital Management LP 0.13% of their portfolio | 925.1k $76.0m | Added +142.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 893.3k $73.4m | Reduced -76.0k |
| Nuveen, LLC 0.02% of their portfolio | 881.3k $72.4m | Reduced -199.0k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 858.9k $70.6m | Reduced -50.9k |
| Gotham Asset Management, LLC 0.22% of their portfolio | 858.0k $70.5m | Added +174.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 816.7k $65.5m | Reduced -64.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 809.7k $66.5m | Reduced -35.9k |
| Channing Capital Management, LLC 1.63% of their portfolio | 774.8k $63.7m | Reduced -25.2k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 754.0k $62.0m | Reduced -603.5k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 672.7k $55.3m | Added +7.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 601.7k $49.5m | Reduced -7.1k |
| MORGAN STANLEY 0.00% of their portfolio | 574.6k $47.2m | Reduced -266.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 569.4k $46.8m | Added +46.1k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.08% of their portfolio | 542.3k $44.6m | Reduced -37.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 538.1k $44.2m | Added +10.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 502.4k $41.3m | Reduced -8.4k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.14% of their portfolio | 491.3k $40.4m | Reduced -492.3k |
| Ilex Capital Partners (UK) LLP 0.96% of their portfolio | 473.6k $38.9m | New |
| BWCP, LP 5.82% of their portfolio | 464.1k $38.1m | Added +61.5k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.63% of their portfolio | 415.6k $34.2m | Reduced -20.1k |
| LSV ASSET MANAGEMENT 0.07% of their portfolio | 396.4k $32.6m | Added +44.6k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 375.9k $30.9m | Added +54 |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 353.3k $29.0m | First filing |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 334.8k $27.5m | Reduced -90.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 332.2k $27.3m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 327.5k $27.6m | Added +5.5k |
| Arbejdsmarkedets Tillaegspension 0.61% of their portfolio | 299.9k $24.6m | Added +10.5k |
| PINNACLE ASSOCIATES LTD 0.31% of their portfolio | 290.9k $23.9m | Reduced -25.2k |
| UBS Group AG 0.00% of their portfolio | 277.8k $22.8m | Reduced -333.4k |
| DEPRINCE RACE & ZOLLO INC 0.41% of their portfolio | 265.4k $21.8m | New |
| Hudson Bay Capital Management LP 0.12% of their portfolio | 248.9k $20.5m | Added +149.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 240.8k $19.8m | Reduced -8.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 215.8k $17.7m | Reduced -101.3k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 210.9k $17.3m | Reduced -97.5k |
| Freestone Grove Partners LP 0.12% of their portfolio | 200.9k $16.5m | Added +183.9k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 199.7k $16.4m | Added +49.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 194.9k $16.0m | Reduced -8.0k |
| GAMCO INVESTORS, INC. ET AL 0.15% of their portfolio | 182.6k $15.0m | Reduced -71.3k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 181.0k $14.9m | Reduced -119.5k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 165.0k $13.6m | Reduced -19.0k |
| CITIGROUP INC 0.01% of their portfolio | 164.4k $13.5m | Reduced -711 |
| Bridgewater Associates, LP 0.06% of their portfolio | 161.0k $13.2m | Reduced -51.0k |
| Penn Capital Management Company, LLC 0.99% of their portfolio | 155.8k $12.8m | Reduced -3.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 148.7k $12.2m | Reduced -19.3k |
| Treasurer of the State of North Carolina 0.04% of their portfolio | 135.7k $11.2m | Added +11.4k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 132.9k $10.9m | Added +105.7k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 131.7k $10.8m | Added +80.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 129.0k $10.6m | Added +4.7k |
| Seven Six Capital Management, LLC 11.13% of their portfolio | 125.9k $10.3m | Added +6.7k |
| California Public Employees Retirement System 0.01% of their portfolio | 124.5k $10.2m | Added +3.0k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 123.0k $10.1m | Added +370 |
| Aptus Capital Advisors, LLC 0.08% of their portfolio | 121.6k $10.0m | Added +1.2k |
| MEEDER ASSET MANAGEMENT INC 0.55% of their portfolio | 117.0k $9.6m | Added +70.2k |
| Woodline Partners LP 0.04% of their portfolio | 116.6k $9.6m | New |
| Man Group plc 0.02% of their portfolio | 116.5k $9.6m | Added +69.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 116.1k $9.5m | Added +32.9k |
| GATEWAY INVESTMENT ADVISERS LLC 0.10% of their portfolio | 110.0k $9.0m | Added +110 |
| Corient Private Wealth LP 0.01% of their portfolio | 109.3k $8.9m | Reduced -119.5k |
| BI Asset Management Fondsmaeglerselskab A/S 0.09% of their portfolio | 109.0k $9.0m | Added +26.7k |
| Swiss National Bank 0.01% of their portfolio | 108.2k $8.9m | Reduced -2.5k |
| Cambria Investment Management, L.P. 0.49% of their portfolio | 107.1k $8.8m | Added +5.7k |
| LPL Financial LLC 0.00% of their portfolio | 106.0k $8.7m | Reduced -12.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 104.9k $8.6m | Reduced -7.5k |
| ROYCE & ASSOCIATES LP 0.08% of their portfolio | 101.6k $8.3m | Added +25.8k |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 98.9k $8.1m | Added +78.5k |
| FOSTER & MOTLEY INC 0.42% of their portfolio | 98.7k $8.1m | Added +16.1k |
| Creative Planning 0.01% of their portfolio | 96.9k $8.0m | Added +70.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 94.1k $7.7m | Added +60.1k |
| GABELLI FUNDS LLC 0.05% of their portfolio | 83.9k $6.9m | Reduced -4.6k |
| Black Diamond Capital Management I, LLLP 4.96% of their portfolio | 82.0k $6.7m | Unchanged |
| BAMCO INC /NY/ 0.02% of their portfolio | 79.7k $6.5m | Unchanged |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 79.5k $6.5m | Added +873 |
| SG Americas Securities, LLC 0.01% of their portfolio | 78.6k $6.5m | Added +63.7k |
| Legal & General Group Plc 0.00% of their portfolio | 78.2k $6.4m | Reduced -13.5k |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 77.0k $6.3m | New |
| Retirement Systems of Alabama 0.02% of their portfolio | 70.9k $5.8m | Added +1.5k |
| Illinois Municipal Retirement Fund 0.07% of their portfolio | 70.7k $5.8m | Unchanged |
| Sequoia Financial Advisors, LLC 0.03% of their portfolio | 69.9k $5.7m | Reduced -11.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 69.6k $5.9m | Reduced -16.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 64.8k $5.3m | Added +6.2k |
| Nitorum Capital, L.P. 4.56% of their portfolio | 63.3k $5.2m | Reduced -198.0k |
| BARCLAYS PLC 0.00% of their portfolio | 61.7k $5.1m | Reduced -328.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 56.3k $4.6m | Added +20.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 54.7k $4.5m | Reduced -2.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 52.8k $4.3m | Added +24.6k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 52.4k $4.3m | Reduced -5.1k |
| State of Alaska, Department of Revenue 0.05% of their portfolio | 51.7k $4.2m | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 48.4k $4.0m | New |
| QRG CAPITAL MANAGEMENT, INC. 0.04% of their portfolio | 47.7k $3.9m | Added +23.3k |