Boyd Gaming
177 hedge funds and large institutions have $1.11B invested in Boyd Gaming in 2015 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 57 increasing their positions, 56 reducing their positions, and 25 closing their positions.
68% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 25
12% more capital invested
Capital invested by funds: $997M → $1.11B (+$117M)
9% more funds holding
Funds holding: 163 → 177 (+14)
2% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 56
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.61% less ownership
Funds ownership: 71.93% → 71.33% (-0.61%)
47% less call options, than puts
Call options by funds: $15.9M | Put options by funds: $30.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
+$33.3M |
| 2 |
PCM
Panning Capital Management
New York
|
+$27.5M |
| 3 |
LPC
Long Pond Capital
New York
|
+$23.2M |
| 4 |
EAM
EverPoint Asset Management
Stamford,
Connecticut
|
+$11.7M |
| 5 |
CM
Castleark Management
Chicago,
Illinois
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
-$68.8M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$16M |
| 3 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$15.7M |
| 4 |
Morgan Stanley
New York
|
-$14.1M |
| 5 |
ACM
Addison Clark Management
Stamford,
Connecticut
|
-$8.82M |
BYD Hedge Fund Activity: Q1 2015 in Review
177 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Boyd Gaming (BYD) for Q1 2015, worth a combined $1.11B — up 12% from $997M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new BYD positions and 25 closed out — a net gain of 17 holders — while 57 added to existing stakes and 56 trimmed.
The largest buyer was Highline Capital Management, opening a new position worth an estimated $33.3M. The largest seller was Elliott Management, exiting entirely with an estimated $68.8M sold.
- 177 institutional investors held Boyd Gaming (BYD) as of Q1 2015, up from 163 in Q4 2014.
- Funds reported $1.11B of Boyd Gaming stock for Q1 2015, up 12% quarter-over-quarter.
- 42 funds opened new Boyd Gaming positions in Q1 2015 and 25 closed out, a net change of +17 holders.
- The largest Boyd Gaming buyer in Q1 2015 was Highline Capital Management, an estimated $33.3M added.
- The largest Boyd Gaming seller in Q1 2015 was Elliott Management, an estimated $68.8M sold.
Based on aggregated 13F filings for Q1 2015.