Panning Capital Management’s Boyd Gaming BYD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-2,250,000	Closed	-$33.6M	–	9
2015 Q2	$33.6M	Buy	2,250,000 +250,000	+13%	+$3.74M	9.74%	4
2015 Q1	$28.4M	Buy	+2,000,000	New	+$28.4M	2.28%	3