Boyd Gaming
153 hedge funds and large institutions have $771M invested in Boyd Gaming in 2014 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 50 increasing their positions, 49 reducing their positions, and 15 closing their positions.
33% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 15
3% more funds holding
Funds holding: 148 → 153 (+5)
2% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 49
0.46% more ownership
Funds ownership: 69.63% → 70.09% (+0.46%)
16% less capital invested
Capital invested by funds: $915M → $771M (-$144M)
27% less call options, than puts
Call options by funds: $21.9M | Put options by funds: $30.1M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$17.1M |
| 2 |
RAM
RWC Asset Management
London,
United Kingdom
|
+$15.5M |
| 3 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$12.3M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$6.16M |
| 5 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$5.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$19.7M |
| 2 |
KSCM
King Street Capital Management
New York
|
-$12.1M |
| 3 |
GAM
Gotham Asset Management
New York
|
-$11.6M |
| 4 |
Morgan Stanley
New York
|
-$8.89M |
| 5 |
AIM
Assured Investment Management
New York
|
-$5.73M |
BYD Hedge Fund Activity: Q3 2014 in Review
153 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Boyd Gaming (BYD) for Q3 2014, worth a combined $771M — down 16% from $915M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new BYD positions and 15 closed out — a net gain of 5 holders — while 50 added to existing stakes and 49 trimmed.
The largest buyer was Pentwater Capital Management, adding an estimated $17.1M. The largest seller was Baupost Group, cutting an estimated $19.7M.
- 153 institutional investors held Boyd Gaming (BYD) as of Q3 2014, up from 148 in Q2 2014.
- Funds reported $771M of Boyd Gaming stock for Q3 2014, down 16% quarter-over-quarter.
- 20 funds opened new Boyd Gaming positions in Q3 2014 and 15 closed out, a net change of +5 holders.
- The largest Boyd Gaming buyer in Q3 2014 was Pentwater Capital Management, an estimated $17.1M added.
- The largest Boyd Gaming seller in Q3 2014 was Baupost Group, an estimated $19.7M sold.
Based on aggregated 13F filings for Q3 2014.