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 ($5.2m this quarter). Holder counts are more reliable. Shares outstanding: 29.0m as of 2025-08-19, 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 ≈ $291.75. Options: 11 managers hold calls ($68.4m notional), 8 hold puts ($8.6m).
Trends to Q3 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 |
| Q3 2025 | 414 |
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 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 |
| Q3 2025 | 216 | 190 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $14.2m | $30.2m | 2.13 |
| Q1 2025 | $16.7m | $19.1m | 1.14 |
| Q2 2025 | $61.8m | $47.9m | 0.77 |
| Q3 2025 | $68.4m | $8.6m | 0.13 |
Biggest buyers
| FMR LLC | Added | +555.8k |
| PECONIC PARTNERS LLC | Added | +299.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +296.9k |
| ROYAL BANK OF CANADA | Added | +289.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +229.6k |
| Alyeska Investment Group, L.P. | New | +152.7k |
| Bornite Capital Management LP | New | +150.0k |
| Cartenna Capital, LP | New | +140.0k |
| JPMORGAN CHASE & CO | Added | +125.9k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +114.2k |
Biggest sellers
| ACK Asset Management LLC | Sold out | -224.7k |
| Freestone Grove Partners LP | Reduced | -132.5k |
| SG Capital Management LLC | Sold out | -106.5k |
| CAPSTONE INVESTMENT ADVISORS, LLC | Sold out | -89.9k |
| Aristotle Capital Boston, LLC | Reduced | -88.9k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -73.1k |
| HENNESSY ADVISORS INC | Reduced | -69.2k |
| CITADEL ADVISORS LLC | Reduced | -64.3k |
| JANE STREET GROUP, LLC | Reduced | -63.8k |
| D. E. Shaw & Co., Inc. | Reduced | -58.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $34.3m117.6k shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | New | $8.2m28.0k shares |
| IMC-Chicago, LLC | Reduced | $6.5m22.4k shares |
| CITADEL ADVISORS LLC | Reduced | $5.0m17.1k shares |
| JANE STREET GROUP, LLC | Added | $3.7m12.8k shares |
| PEAK6 LLC | New | $3.3m11.2k shares |
| SIMPLEX TRADING, LLC | Added | $2.8m9.5k shares |
| Twin Tree Management, LP | New | $2.3m7.9k shares |
| Walleye Trading LLC | Added | $1.3m4.5k shares |
| Walleye Capital LLC | Added | $992.0k3.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.1m13.9k shares |
| Cubist Systematic Strategies, LLC | New | $1.6m5.6k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m3.8k shares |
| JANE STREET GROUP, LLC | Added | $729.4k2.5k shares |
| Walleye Capital LLC | Added | $583.5k2.0k shares |
| Walleye Trading LLC | Reduced | $379.3k1.3k shares |
| RAYMOND JAMES FINANCIAL INC | Unchanged | $120.0k500 shares |
| SIMPLEX TRADING, LLC | Reduced | $29.0k100 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 4.5m $1.3bn | Reduced -51.8k |
| PECONIC PARTNERS LLC 33.22% of their portfolio | 4.1m $1.2bn | Added +299.5k |
| VANGUARD GROUP INC 0.01% of their portfolio | 3.0m $878.7m | Reduced -23.4k |
| MILLENNIUM MANAGEMENT LLC 0.30% of their portfolio | 1.3m $386.6m | Added +229.6k |
| STATE STREET CORP 0.01% of their portfolio | 1.1m $312.9m | Reduced -19.5k |
| Hill City Capital, LP 12.46% of their portfolio | 1.0m $294.6m | Unchanged |
| FMR LLC 0.01% of their portfolio | 885.5k $258.4m | Added +555.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 673.2k $196.5m | Added +1.6k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 608.7k $177.6m | Reduced -543 |
| FIRST TRUST ADVISORS LP 0.13% of their portfolio | 604.9k $176.5m | Added +38.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 478.8k $139.7m | Reduced -73.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 458.7k $133.8m | Added +76.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 448.5k $130.8m | Added +296.9k |
| MORGAN STANLEY 0.01% of their portfolio | 363.6k $106.1m | Reduced -21.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 354.2k $103.3m | Added +46.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 309.1k $90.2m | Added +250 |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 303.7k $88.6m | Added +289.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 257.2k $75.0m | Added +125.9k |
| Invesco Ltd. 0.01% of their portfolio | 247.0k $72.1m | Added +19.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 246.1k $71.8m | Added +104.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 237.6k $69.3m | Added +114.2k |
| Nuveen, LLC 0.02% of their portfolio | 213.5k $62.3m | Added +29.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.10% of their portfolio | 206.8k $60.3m | Added +342 |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 205.2k $59.9m | Added +20.0k |
| Freestone Grove Partners LP 0.42% of their portfolio | 194.4k $56.7m | Reduced -132.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 193.6k $56.5m | Added +8.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 173.7k $50.7m | Reduced -39.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 172.6k $50.3m | Added +43.0k |
| HENNESSY ADVISORS INC 1.69% of their portfolio | 167.5k $48.9m | Reduced -69.2k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 3.97% of their portfolio | 166.3k $48.5m | Added +4.4k |
| Alyeska Investment Group, L.P. 0.14% of their portfolio | 152.7k $44.6m | New |
| Aristotle Capital Boston, LLC 2.27% of their portfolio | 150.8k $44.0m | Reduced -88.9k |
| Bornite Capital Management LP 4.06% of their portfolio | 150.0k $43.8m | New |
| Assenagon Asset Management S.A. 0.06% of their portfolio | 146.1k $42.6m | Reduced -26.2k |
| UBS Group AG 0.01% of their portfolio | 144.9k $42.3m | Added +8.1k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 144.8k $42.3m | Added +6.1k |
| Driehaus Capital Management LLC 0.30% of their portfolio | 143.7k $41.9m | Added +82.0k |
| REAVES W H & CO INC 0.75% of their portfolio | 143.4k $41.8m | Added +21.8k |
| Cartenna Capital, LP 2.13% of their portfolio | 140.0k $40.8m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 128.7k $37.5m | Added +84.4k |
| Public Sector Pension Investment Board 0.12% of their portfolio | 112.8k $32.9m | Added +14.7k |
| Walleye Capital LLC 0.25% of their portfolio | 104.5k $30.5m | Added +103.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 104.5k $30.5m | Reduced -29.3k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 101.0k $29.5m | Added +52.1k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 100.4k $29.3m | Reduced -58.8k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 97.8k $28.5m | Added +36.1k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 91.0k $26.5m | Reduced -64.3k |
| Legal & General Group Plc 0.01% of their portfolio | 86.5k $25.2m | Added +4.2k |
| Penn Capital Management Company, LLC 1.93% of their portfolio | 86.1k $25.2m | Reduced -7.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 84.4k $24.6m | New |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 83.4k $24.3m | Added +602 |
| Glenmede Investment Management, LP 0.11% of their portfolio | 74.6k $21.8m | Reduced -4.4k |
| INTECH INVESTMENT MANAGEMENT LLC 0.19% of their portfolio | 73.3k $21.4m | Added +4.6k |
| 12th Street Asset Management Company, LLC 3.32% of their portfolio | 67.2k $19.6m | Added +22.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 65.7k $19.2m | Reduced -5.4k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 63.1k $18.4m | Added +59.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 58.7k $17.1m | Reduced -40.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 57.3k $16.7m | Reduced -26.5k |
| BARCLAYS PLC 0.01% of their portfolio | 56.1k $16.4m | Reduced -18.7k |
| Swiss National Bank 0.01% of their portfolio | 56.1k $16.4m | Added +800 |
| PINNACLE ASSOCIATES LTD 0.21% of their portfolio | 54.1k $15.8m | Reduced -3.1k |
| Applied Fundamental Research, LLC 15.31% of their portfolio | 54.0k $15.8m | Reduced -13.7k |
| WCM INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 53.5k $15.7m | New |
| SEI INVESTMENTS CO 0.02% of their portfolio | 53.5k $15.6m | Reduced -27.8k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.45% of their portfolio | 50.8k $14.8m | Reduced -1.4k |
| ALGERT GLOBAL LLC 0.25% of their portfolio | 50.3k $14.7m | Added +5.4k |
| Dana Investment Advisors, Inc. 0.42% of their portfolio | 49.6k $14.5m | Reduced -3.6k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 46.4k $13.5m | Reduced -16.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 43.7k $12.8m | New |
| Impax Asset Management Group plc 0.07% of their portfolio | 43.0k $12.5m | Unchanged |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 1.55% of their portfolio | 41.0k $12.0m | Reduced -33.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 40.2k $11.7m | Added +4.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 37.5k $10.9m | Added +164 |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 36.7k $10.7m | Reduced -683 |
| Interval Partners, LP 0.22% of their portfolio | 35.5k $10.4m | Reduced -20.3k |
| First Washington CORP 2.64% of their portfolio | 33.8k $9.9m | Unchanged |
| Advisors Asset Management, Inc. 0.17% of their portfolio | 33.8k $9.9m | Reduced -6.0k |
| Callahan Advisors, LLC 0.81% of their portfolio | 32.6k $9.5m | Reduced -2.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 30.4k $8.9m | Added +2.4k |
| CASTLEARK MANAGEMENT LLC 0.25% of their portfolio | 30.0k $8.8m | New |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 29.0k $8.5m | Reduced -983 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 27.7k $8.1m | Added +315 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 27.3k $8.0m | Added +386 |
| SIR Capital Management, L.P. 0.69% of their portfolio | 26.5k $7.7m | Reduced -11.3k |
| South Dakota Investment Council 0.15% of their portfolio | 26.0k $7.6m | Unchanged |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 25.7k $7.5m | Reduced -1.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 22.5k $6.6m | Reduced -48.4k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 21.5k $6.3m | Reduced -3.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 20.8k $6.1m | Added +10.0k |
| EFG Asset Management (North America) Corp. 0.77% of their portfolio | 20.3k $5.9m | Reduced -4.4k |
| Bridgewater Associates, LP 0.02% of their portfolio | 20.3k $5.9m | New |
| Jefferies Financial Group Inc. 0.05% of their portfolio | 20.2k $5.9m | New |
| OVERSEA-CHINESE BANKING Corp Ltd 0.15% of their portfolio | 19.9k $5.8m | Reduced -19.0k |
| CITIGROUP INC 0.00% of their portfolio | 19.6k $5.7m | Reduced -18.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 19.3k $5.6m | Added +3.6k |
| Lisanti Capital Growth, LLC 1.36% of their portfolio | 19.0k $5.5m | Added +7.6k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 18.6k $5.4m | Reduced -25.6k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.14% of their portfolio | 18.4k $5.4m | New |
| CREDIT AGRICOLE S A 0.02% of their portfolio | 18.1k $5.3m | First filing |
| Aventail Capital Group, LP 0.25% of their portfolio | 18.1k $5.3m | New |