DYCOM INDS INC DY
COM · Common Stock · CUSIP 267475101 · ISIN US2674751019
- SectorIndustrials
- IndustryWater, Sewer, Pipeline, Comm & Power Line Construction
- HeadquartersWest Palm Beach, FL
- 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 ($10.8m this quarter). Holder counts are more reliable. Shares outstanding: 28.9m as of 2025-05-20, 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 ≈ $244.40. Options: 11 managers hold calls ($61.8m notional), 9 hold puts ($47.9m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 277 |
| Q4 2022 | 257 |
| Q1 2023 | 270 |
| Q2 2023 | 259 |
| Q3 2023 | 245 |
| Q4 2023 | 274 |
| Q1 2024 | 293 |
| Q2 2024 | 325 |
| Q3 2024 | 354 |
| Q4 2024 | 347 |
| Q1 2025 | 348 |
| Q2 2025 | 406 |
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 | 103 | 150 |
| Q4 2023 | 127 | 115 |
| Q1 2024 | 117 | 142 |
| Q2 2024 | 169 | 140 |
| Q3 2024 | 163 | 167 |
| Q4 2024 | 154 | 176 |
| Q1 2025 | 158 | 184 |
| Q2 2025 | 204 | 176 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $26.9m | $16.4m | 0.61 |
| Q4 2024 | $14.2m | $30.2m | 2.13 |
| Q1 2025 | $16.7m | $19.1m | 1.14 |
| Q2 2025 | $61.8m | $47.9m | 0.77 |
Biggest buyers
| FMR LLC | Added | +222.3k |
| BlackRock, Inc. | Added | +152.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +141.9k |
| CITADEL ADVISORS LLC | Added | +119.5k |
| PECONIC PARTNERS LLC | Added | +105.6k |
| Freestone Grove Partners LP | Added | +78.9k |
| D. E. Shaw & Co., Inc. | Added | +67.8k |
| Driehaus Capital Management LLC | New | +61.7k |
| DEUTSCHE BANK AG\ | Added | +47.9k |
| M&G PLC | New | +44.7k |
Biggest sellers
| Point72 Asset Management, L.P. | Reduced | -410.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -386.0k |
| Assenagon Asset Management S.A. | Reduced | -226.9k |
| SG Capital Management LLC | Reduced | -170.9k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -166.4k |
| Appian Way Asset Management LP | Reduced | -161.2k |
| ACK Asset Management LLC | Reduced | -158.1k |
| MARSHALL WACE, LLP | Reduced | -127.0k |
| Squarepoint Ops LLC | Reduced | -119.4k |
| J. Goldman & Co LP | Sold out | -108.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $43.0m175.9k shares |
| IMC-Chicago, LLC | New | $7.0m28.5k shares |
| CITADEL ADVISORS LLC | Reduced | $4.6m19.0k shares |
| WOLVERINE TRADING, LLC | Added | $2.1m8.6k shares |
| JANE STREET GROUP, LLC | Added | $2.0m8.2k shares |
| GROUP ONE TRADING LLC | Added | $1.1m4.6k shares |
| SIMPLEX TRADING, LLC | Added | $1.1m4.6k shares |
| Walleye Trading LLC | New | $537.7k2.2k shares |
| Cubist Systematic Strategies, LLC | New | $244.4k1.0k shares |
| Walleye Capital LLC | New | $97.8k400 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $31.1m127.4k shares |
| CITADEL ADVISORS LLC | Reduced | $7.8m32.1k shares |
| Twin Tree Management, LP | New | $4.5m18.6k shares |
| Walleye Trading LLC | New | $3.0m12.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $733.0k3.0k shares |
| JANE STREET GROUP, LLC | Reduced | $464.3k1.9k shares |
| RAYMOND JAMES FINANCIAL INC | Unchanged | $100.0k500 shares |
| Walleye Capital LLC | New | $24.4k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| BlackRock, Inc. 13G · institution -2.0 pts · filed 2026-07-28 | 9.1% |
| MILLENNIUM MANAGEMENT LLC 13G · passive investor +1.6 pts · filed 2026-10-07 | 5.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
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 | — | 0 | — | — |
| Q4 2023 | 0 | — | 2 | $286.2k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $30.9k | — |
| Q3 2024 | 0 | — | 1 | $149.4k | — |
| Q4 2024 | 0 | — | 1 | $74.4k | — |
| Q1 2025 | 0 | — | 1 | $507.7k | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 4.5m $1.1bn | Added +152.6k |
| PECONIC PARTNERS LLC 29.91% of their portfolio | 3.8m $933.0m | Added +105.6k |
| VANGUARD GROUP INC 0.01% of their portfolio | 3.0m $741.7m | Reduced -59.6k |
| MILLENNIUM MANAGEMENT LLC 0.24% of their portfolio | 1.1m $267.7m | Reduced -386.0k |
| STATE STREET CORP 0.01% of their portfolio | 1.1m $266.9m | Reduced -38.9k |
| Hill City Capital, LP 13.28% of their portfolio | 1.0m $246.8m | Added +40.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 671.6k $164.2m | Reduced -2.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 609.2k $148.9m | Reduced -77.0k |
| FIRST TRUST ADVISORS LP 0.11% of their portfolio | 566.4k $138.4m | Reduced -69.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 551.9k $134.9m | Reduced -57.5k |
| MORGAN STANLEY 0.01% of their portfolio | 385.2k $94.1m | Reduced -8.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 382.7k $93.5m | Reduced -9.8k |
| FMR LLC 0.00% of their portfolio | 329.7k $80.6m | Added +222.3k |
| Freestone Grove Partners LP 0.60% of their portfolio | 326.9k $79.9m | Added +78.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 308.8k $75.5m | Reduced -7.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 307.5k $75.2m | Added +14.1k |
| Aristotle Capital Boston, LLC 2.98% of their portfolio | 239.7k $58.6m | Reduced -18.9k |
| HENNESSY ADVISORS INC 1.93% of their portfolio | 236.7k $57.8m | Reduced -26.2k |
| Invesco Ltd. 0.01% of their portfolio | 227.1k $55.5m | Added +14.9k |
| ACK Asset Management LLC 7.21% of their portfolio | 224.7k $54.9m | Reduced -158.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 213.1k $52.1m | Added +35.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.10% of their portfolio | 206.4k $50.4m | Reduced -4.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 185.3k $45.3m | Reduced -5.4k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 185.2k $45.3m | Reduced -13.5k |
| Nuveen, LLC 0.01% of their portfolio | 184.0k $45.0m | Added +43.2k |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 172.4k $42.1m | Reduced -226.9k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 3.68% of their portfolio | 161.9k $39.6m | Reduced -723 |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 159.2k $38.9m | Added +67.8k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 155.2k $37.9m | Added +119.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 151.5k $37.0m | Added +1.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 141.9k $34.7m | New |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 138.7k $33.9m | Added +3.9k |
| UBS Group AG 0.01% of their portfolio | 136.7k $33.4m | Added +1.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 133.8k $32.7m | Reduced -26.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 131.3k $32.1m | Added +9.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 129.6k $31.7m | Reduced -34.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 123.3k $30.1m | Reduced -166.4k |
| REAVES W H & CO INC 0.66% of their portfolio | 121.7k $29.7m | Reduced -19.4k |
| SG Capital Management LLC 2.21% of their portfolio | 106.5k $26.0m | Reduced -170.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 98.9k $24.2m | Added +29.2k |
| Public Sector Pension Investment Board 0.10% of their portfolio | 98.1k $24.0m | Added +5.5k |
| Penn Capital Management Company, LLC 1.97% of their portfolio | 93.1k $22.8m | Reduced -14.3k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.19% of their portfolio | 89.9k $22.0m | Reduced -12.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 83.8k $20.5m | Added +41.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 82.8k $20.2m | Added +1.6k |
| Legal & General Group Plc 0.00% of their portfolio | 82.3k $20.1m | Added +35 |
| SEI INVESTMENTS CO 0.02% of their portfolio | 81.3k $19.9m | Added +10.4k |
| Glenmede Investment Management, LP 0.10% of their portfolio | 79.0k $19.3m | First filing |
| BARCLAYS PLC 0.01% of their portfolio | 74.8k $18.3m | Added +28.9k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 2.56% of their portfolio | 74.7k $18.2m | Reduced -105.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 71.1k $17.4m | Reduced -10.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 70.9k $17.3m | Added +47.9k |
| INTECH INVESTMENT MANAGEMENT LLC 0.16% of their portfolio | 68.7k $16.8m | Added +33.4k |
| Applied Fundamental Research, LLC 14.67% of their portfolio | 67.7k $16.6m | Reduced -7.8k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 64.9k $15.9m | Reduced -8.2k |
| Man Group plc 0.03% of their portfolio | 63.7k $15.6m | Added +7.0k |
| First Eagle Investment Management, LLC 0.03% of their portfolio | 62.5k $15.3m | Reduced -547 |
| Driehaus Capital Management LLC 0.12% of their portfolio | 61.7k $15.1m | New |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 61.7k $15.1m | Added +26.6k |
| PINNACLE ASSOCIATES LTD 0.20% of their portfolio | 57.2k $14.0m | Reduced -1.4k |
| Interval Partners, LP 0.31% of their portfolio | 55.8k $13.6m | Reduced -52.1k |
| Swiss National Bank 0.01% of their portfolio | 55.3k $13.5m | Reduced -1.2k |
| Dana Investment Advisors, Inc. 0.43% of their portfolio | 53.2k $13.0m | Reduced -824 |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.38% of their portfolio | 52.3k $12.8m | Reduced -4.8k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 48.8k $11.9m | Added +1.9k |
| 12th Street Asset Management Company, LLC 1.90% of their portfolio | 45.2k $11.0m | Added +18.0k |
| ALGERT GLOBAL LLC 0.23% of their portfolio | 45.0k $11.0m | Added +40.9k |
| M&G PLC 0.06% of their portfolio | 44.7k $10.9m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 44.3k $10.8m | New |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 44.2k $10.8m | Reduced -410.2k |
| Impax Asset Management Group plc 0.06% of their portfolio | 43.0k $10.5m | Unchanged |
| Schonfeld Strategic Advisors LLC 0.08% of their portfolio | 42.3k $10.3m | Reduced -29.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 41.3k $10.1m | Added +34.2k |
| HRT FINANCIAL LP 0.05% of their portfolio | 41.1k $10.1m | New |
| Advisors Asset Management, Inc. 0.17% of their portfolio | 39.8k $9.7m | Reduced -3.8k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.27% of their portfolio | 38.8k $9.5m | Reduced -11.4k |
| CITIGROUP INC 0.01% of their portfolio | 38.4k $9.4m | Reduced -7.5k |
| SIR Capital Management, L.P. 0.82% of their portfolio | 37.8k $9.2m | Reduced -19.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 37.4k $9.1m | Reduced -100 |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 37.4k $9.1m | Added +18.5k |
| TWINBEECH CAPITAL LP 0.21% of their portfolio | 37.4k $9.1m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 36.2k $8.8m | Reduced -385 |
| Callahan Advisors, LLC 0.77% of their portfolio | 34.9k $8.5m | Reduced -1.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 34.5k $8.4m | Reduced -7.0k |
| First Washington CORP 2.66% of their portfolio | 33.8k $8.3m | Unchanged |
| Trexquant Investment LP 0.09% of their portfolio | 32.1k $7.8m | Added +708 |
| Polar Asset Management Partners Inc. 0.19% of their portfolio | 31.6k $7.7m | New |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 30.0k $7.3m | Added +1.3k |
| Atom Investors LP 0.63% of their portfolio | 29.1k $7.1m | Reduced -6.8k |
| Appian Way Asset Management LP 1.74% of their portfolio | 28.4k $6.9m | Reduced -161.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 28.0k $6.8m | Added +4.0k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 27.3k $6.7m | Reduced -1.3k |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 27.2k $6.7m | Reduced -3.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 26.9k $6.6m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 26.8k $6.6m | Reduced -28.6k |
| South Dakota Investment Council 0.12% of their portfolio | 26.0k $6.4m | Unchanged |
| Informed Momentum Co LLC 0.95% of their portfolio | 25.7k $6.3m | New |
| EFG Asset Management (North America) Corp. 0.85% of their portfolio | 24.7k $6.0m | Reduced -519 |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 24.6k $6.0m | Reduced -2.6k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 24.5k $6.0m | Added +3.1k |