Boyd Gaming
149 hedge funds and large institutions have $760M invested in Boyd Gaming in 2013 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 62 increasing their positions, 42 reducing their positions, and 31 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 42
14% more call options, than puts
Call options by funds: $37.2M | Put options by funds: $32.7M
2.73% less ownership
Funds ownership: 65.33% → 62.6% (-2.7%)
3% less funds holding
Funds holding: 154 → 149 (-5)
13% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 31
24% less capital invested
Capital invested by funds: $1.01B → $760M (-$246M)
80% less funds holding in top 10
Funds holding in top 10: 5 → 1 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$33.8M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$29.7M |
| 3 |
D.E. Shaw & Co
New York
|
+$27.2M |
| 4 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$12.9M |
| 5 |
DP
DW Partners
New York
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$64.2M |
| 2 |
JCMLC
JAT Capital Management LP (Connecticut)
Greenwich,
Connecticut
|
-$61.4M |
| 3 |
CCI
Columbus Circle Investors
|
-$27.9M |
| 4 |
Two Sigma Investments
New York
|
-$16.7M |
| 5 |
GBCP
Glade Brook Capital Partners
Greenwich,
Connecticut
|
-$12.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QIM
176
Quantitative Investment Management
Charlottesville,
Virginia
| – | -$216K | -15,300 | Closed |
|
|
RFC
177
Russell Frank Company
Seattle,
Washington
| – | -$203K | -14,331 | Closed |
|
|
JG
178
Jefferies Group
New York
| – | -$189K | -13,384 | Closed |
|
|
OC
179
Oppenheimer & Co
New York
| – | -$151K | -10,700 | Closed |
|
180
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$149K | -10,521 | Closed |
|
|
HMS
181
Hanseatic Management Services
Albuquerque,
New Mexico
| – | -$30K | -2,108 | Closed |
|
BYD Hedge Fund Activity: Q4 2013 in Review
149 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Boyd Gaming (BYD) for Q4 2013, worth a combined $760M — down 24% from $1.01B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of BYD and 27 opened new positions — a net loss of 4 holders — while 42 trimmed existing stakes and 62 added.
The largest buyer was Morgan Stanley, adding an estimated $33.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $64.2M.
- 149 institutional investors held Boyd Gaming (BYD) as of Q4 2013, down from 154 in Q3 2013.
- Funds reported $760M of Boyd Gaming stock for Q4 2013, down 24% quarter-over-quarter.
- 27 funds opened new Boyd Gaming positions in Q4 2013 and 31 closed out, a net change of -4 holders.
- The largest Boyd Gaming buyer in Q4 2013 was Morgan Stanley, an estimated $33.8M added.
- The largest Boyd Gaming seller in Q4 2013 was T. Rowe Price Associates, an estimated $64.2M sold.
Based on aggregated 13F filings for Q4 2013.