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 ($5.8m this quarter). Holder counts are more reliable. Shares outstanding: 29.0m as of 2025-11-18, 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 ≈ $338.03. Options: 14 managers hold calls ($66.6m notional), 11 hold puts ($27.8m).
Trends to Q4 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 |
| Q4 2025 | 497 |
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 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 |
| Q4 2025 | 257 | 193 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $16.7m | $19.1m | 1.14 |
| Q2 2025 | $61.8m | $47.9m | 0.77 |
| Q3 2025 | $68.4m | $8.6m | 0.13 |
| Q4 2025 | $66.6m | $27.8m | 0.42 |
Biggest buyers
| NORDEA INVESTMENT MANAGEMENT AB | Added | +398.5k |
| Qube Research & Technologies Ltd | Added | +241.8k |
| Point72 Asset Management, L.P. | Added | +239.3k |
| JANE STREET GROUP, LLC | Added | +202.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +110.1k |
| HRT FINANCIAL LP | New | +92.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +84.4k |
| Walleye Capital LLC | Added | +84.0k |
| Squarepoint Ops LLC | Added | +67.3k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | New | +67.0k |
Biggest sellers
| BlackRock, Inc. | Reduced | -783.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -351.8k |
| ROYAL BANK OF CANADA | Reduced | -288.8k |
| VANGUARD GROUP INC | Reduced | -271.9k |
| Bornite Capital Management LP | Sold out | -150.0k |
| Assenagon Asset Management S.A. | Sold out | -146.1k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -128.7k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -122.0k |
| JPMORGAN CHASE & CO | Reduced | -115.2k |
| Invesco Ltd. | Reduced | -113.3k |
Biggest calls
| PEAK6 LLC | Added | $20.9m62.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.0m38.4k shares |
| JANE STREET GROUP, LLC | Added | $8.3m24.5k shares |
| CastleKnight Management LP | New | $6.8m20.0k shares |
| IMC-Chicago, LLC | Reduced | $5.3m15.8k shares |
| CITADEL ADVISORS LLC | Reduced | $3.3m9.7k shares |
| SIMPLEX TRADING, LLC | Unchanged | $3.2m9.5k shares |
| Walleye Trading LLC | Added | $2.5m7.5k shares |
| Point72 Asset Management, L.P. | New | $2.0m5.8k shares |
| D. E. Shaw & Co., Inc. | New | $405.5k1.2k shares |
Biggest puts
| PEAK6 LLC | New | $13.5m40.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.9m20.4k shares |
| Point72 Asset Management, L.P. | New | $3.8m11.3k shares |
| CITADEL ADVISORS LLC | Added | $2.2m6.4k shares |
| D. E. Shaw & Co., Inc. | New | $540.6k1.6k shares |
| JANE STREET GROUP, LLC | Reduced | $371.7k1.1k shares |
| RAYMOND JAMES FINANCIAL INC | Unchanged | $165.0k500 shares |
| Walleye Trading LLC | Reduced | $135.2k400 shares |
| SIMPLEX TRADING, LLC | Added | $67.6k200 shares |
| Twin Tree Management, LP | New | $67.6k200 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| PECONIC PARTNERS LLC 32.99% of their portfolio | 4.1m $1.4bn | Reduced -9.0k |
| BlackRock, Inc. 0.02% of their portfolio | 3.7m $1.3bn | Reduced -783.5k |
| VANGUARD GROUP INC 0.01% of their portfolio | 2.7m $925.7m | Reduced -271.9k |
| STATE STREET CORP 0.01% of their portfolio | 1.0m $346.6m | Reduced -46.8k |
| Hill City Capital, LP 12.88% of their portfolio | 1.0m $341.2m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.24% of their portfolio | 973.2k $328.8m | Reduced -351.8k |
| FMR LLC 0.02% of their portfolio | 900.3k $304.2m | Added +14.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 727.2k $245.8m | Added +54.0k |
| FIRST TRUST ADVISORS LP 0.15% of their portfolio | 625.2k $211.2m | Added +20.3k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 605.9k $204.7m | Reduced -2.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 558.5k $188.7m | Added +110.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 420.3k $142.0m | Added +66.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 417.0k $140.9m | Reduced -41.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 405.6k $139.1m | Added +398.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 356.8k $120.6m | Reduced -122.0k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 348.6k $117.8m | Added +39.6k |
| Qube Research & Technologies Ltd 0.17% of their portfolio | 342.7k $115.8m | Added +241.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 330.5k $111.7m | Added +84.4k |
| MORGAN STANLEY 0.01% of their portfolio | 303.1k $102.4m | Reduced -60.5k |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 257.9k $87.2m | Added +239.3k |
| Nuveen, LLC 0.02% of their portfolio | 230.3k $77.8m | Added +16.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 218.0k $73.7m | Reduced -19.6k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 215.4k $73.3m | Added +10.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.11% of their portfolio | 211.7k $71.5m | Added +4.9k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 203.3k $68.7m | Added +202.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 196.1k $66.3m | Added +2.5k |
| Walleye Capital LLC 0.36% of their portfolio | 188.5k $63.7m | Added +84.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 185.3k $62.6m | Added +12.7k |
| Alyeska Investment Group, L.P. 0.18% of their portfolio | 184.1k $62.2m | Added +31.4k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 173.9k $58.8m | Added +238 |
| UBS Group AG 0.01% of their portfolio | 173.4k $58.6m | Added +28.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 158.9k $53.7m | Added +14.1k |
| HENNESSY ADVISORS INC 1.90% of their portfolio | 158.6k $53.6m | Reduced -8.9k |
| REAVES W H & CO INC 0.85% of their portfolio | 143.2k $48.4m | Reduced -216 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 142.0k $48.0m | Reduced -115.2k |
| Driehaus Capital Management LLC 0.32% of their portfolio | 138.2k $46.7m | Reduced -5.5k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 3.82% of their portfolio | 136.8k $46.2m | Reduced -29.5k |
| Invesco Ltd. 0.00% of their portfolio | 133.7k $45.2m | Reduced -113.3k |
| Aristotle Capital Boston, LLC 2.27% of their portfolio | 122.6k $41.4m | Reduced -28.2k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 111.5k $37.7m | Added +13.7k |
| Cartenna Capital, LP 1.78% of their portfolio | 100.0k $33.8m | Reduced -40.0k |
| Freestone Grove Partners LP 0.23% of their portfolio | 95.2k $32.2m | Reduced -99.2k |
| HRT FINANCIAL LP 0.12% of their portfolio | 92.2k $31.1m | New |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 88.6k $30.0m | Reduced -15.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 86.6k $29.3m | Added +3.2k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 78.9k $26.7m | Reduced -5.5k |
| Squarepoint Ops LLC 0.05% of their portfolio | 70.2k $23.7m | Added +67.3k |
| 12th Street Asset Management Company, LLC 3.74% of their portfolio | 67.3k $22.7m | Added +15 |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 0.64% of their portfolio | 67.0k $22.6m | New |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 65.1k $22.0m | Added +24.9k |
| BARCLAYS PLC 0.01% of their portfolio | 64.0k $21.6m | Added +7.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 60.6k $20.5m | Added +1.9k |
| NORGES BANK 0.00% of their portfolio | 57.2k $19.3m | Not comparable |
| Swiss National Bank 0.01% of their portfolio | 57.1k $19.3m | Added +1.0k |
| PINNACLE ASSOCIATES LTD 0.23% of their portfolio | 52.7k $17.8m | Reduced -1.4k |
| Penn Capital Management Company, LLC 1.42% of their portfolio | 52.5k $17.8m | Reduced -33.6k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 51.2k $17.3m | Reduced -2.3k |
| GLENMEDE TRUST CO NA 0.08% of their portfolio | 49.8k $16.8m | First filing |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 48.3k $16.3m | New |
| Legal & General Group Plc 0.00% of their portfolio | 47.8k $16.2m | Reduced -38.7k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 46.4k $15.7m | Reduced -54.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 45.7k $15.4m | Added +1.9k |
| Jain Global LLC 0.15% of their portfolio | 45.0k $15.2m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 44.5k $15.0m | Reduced -21.3k |
| Dana Investment Advisors, Inc. 0.43% of their portfolio | 43.9k $14.8m | Reduced -5.7k |
| Impax Asset Management Group plc 0.09% of their portfolio | 43.0k $14.5m | Unchanged |
| WCM INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 42.3k $14.5m | Reduced -11.2k |
| Y-Intercept (Hong Kong) Ltd 0.32% of their portfolio | 41.7k $14.1m | Added +31.8k |
| Marex Group Ltd 0.14% of their portfolio | 39.5k $13.3m | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.12% of their portfolio | 39.1k $13.2m | Reduced -34.2k |
| M&G PLC 0.07% of their portfolio | 38.9k $13.2m | New |
| CASTLEARK MANAGEMENT LLC 0.38% of their portfolio | 38.2k $12.9m | Added +8.1k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 37.8k $12.8m | Reduced -8.7k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 36.5k $12.3m | Reduced -136 |
| G2 Investment Partners Management LLC 2.91% of their portfolio | 36.2k $12.2m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 35.9k $12.1m | Reduced -1.6k |
| Applied Fundamental Research, LLC 11.74% of their portfolio | 35.0k $11.8m | Reduced -19.0k |
| Retirement Systems of Alabama 0.04% of their portfolio | 34.7k $11.7m | New |
| First Washington CORP 2.93% of their portfolio | 33.4k $11.3m | Reduced -382 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 32.9k $11.1m | Added +13.6k |
| Tidal Investments LLC 0.05% of their portfolio | 32.8k $11.1m | Added +15.7k |
| J. Goldman & Co LP 0.41% of their portfolio | 31.5k $10.6m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 30.3k $10.2m | Added +23.0k |
| Engineers Gate Manager LP 0.12% of their portfolio | 30.2k $10.2m | Added +23.2k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 30.2k $10.2m | Reduced -20.6k |
| Callahan Advisors, LLC 0.83% of their portfolio | 30.0k $10.1m | Reduced -2.6k |
| MetLife Investment Management, LLC 0.05% of their portfolio | 29.1k $9.8m | Added +12.7k |
| Advisors Asset Management, Inc. 0.16% of their portfolio | 28.4k $9.6m | Reduced -5.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 27.2k $9.2m | Reduced -20 |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 27.2k $9.2m | Reduced -3.1k |
| BESSEMER GROUP INC 0.01% of their portfolio | 26.9k $9.1m | Added +26.8k |
| Aventail Capital Group, LP 0.50% of their portfolio | 25.6k $8.7m | Added +7.5k |
| Hillsdale Investment Management Inc. 0.23% of their portfolio | 24.8k $8.4m | Added +24.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 23.4k $7.9m | Added +17.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 23.3k $7.9m | Reduced -34.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 23.1k $7.8m | Added +596 |
| South Dakota Investment Council 0.15% of their portfolio | 23.1k $7.8m | Reduced -2.9k |
| LPL Financial LLC 0.00% of their portfolio | 22.4k $7.6m | Added +7.9k |
| Man Group plc 0.01% of their portfolio | 22.1k $7.5m | Added +4.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.19% of their portfolio | 21.5k $7.3m | Added +3.1k |