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Boyd Gaming
BYD

162 hedge funds and large institutions have $1.01B invested in Boyd Gaming in 2014 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 48 increasing their positions, 54 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more funds holding in top 10

Funds holding in top 10: 1 → 4 (+3)

87% more call options, than puts

Call options by funds: $57.6M | Put options by funds: $30.9M

54% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 26

32% more capital invested

Capital invested by funds: $760M → $1.01B (+$247M)

9% more funds holding

Funds holding: 149 → 162 (+13)

7.94% more ownership

Funds ownership: 62.6% → 70.54% (+7.9%)

11% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 54

Holders
162
Holders Change
+13
Holders Change %
+8.72%
% of All Funds
4.68%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.12%
New
40
Increased
48
Reduced
54
Closed
26
Calls
$57.6M
Puts
$30.9M
Net Calls
+$26.8M
Net Calls Change
+$22.2M

Top Buyers

1
EM
Elliott Management
New York
+$62.3M
2
LPC
Long Pond Capital
New York
+$35.9M
3
PCM
Penn Capital Management
Pennsylvania
+$21.3M
4
PA
Pinnacle Associates
New York
+$14.4M
5
PCM
PAR Capital Management
Massachusetts
+$12.8M

Top Sellers

1
PI
Putnam Investments
Massachusetts
-$28.3M
2
DP
DW Partners
New York
-$11.3M
3
SC
Sculptor Capital
New York
-$11.2M
4
Morgan Stanley
Morgan Stanley
New York
-$9.87M
5
AM
Appaloosa Management
Florida
-$8.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
SFP
176
Santa Fe Partners
New Mexico
– -$704K -62,491 Closed
Legal & General Group
177
Legal & General Group
United Kingdom
– -$597K -53,044 Closed
SCA
178
Secor Capital Advisors
New York
– -$550K -48,867 Closed
PP
179
Paloma Partners
Connecticut
– -$404K -35,863 Closed
HT
180
HAP Trading
New York
– -$395K -35,115 Closed
BL
181
Bolton LP
Connecticut
– -$363K -32,200 Closed
DTL
182
Dynamic Technology Lab
Singapore
– -$317K -27,977 Closed
DCM
183
Dialectic Capital Management
Connecticut
– -$280K -24,889 Closed
Connor, Clark & Lunn Investment Management (CC&L)
184
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$279K -23,300 Closed
ID
185
Integral Derivatives
New York
– -$256K -22,105 Closed
AL
186
Airain Ltd
Guernsey
– -$176K -15,620 Closed
TAM
187
Telluride Asset Management
Minnesota
– -$162K -14,401 Closed
SCM
188
Stevens Capital Management
Pennsylvania
– -$141K -12,512 Closed
SEC
189
Seven Eight Capital
New York
– -$60K -5,300 Closed
4 5 6 7
8

BYD Hedge Fund Activity: Q1 2014 in Review

162 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Boyd Gaming (BYD) for Q1 2014, worth a combined $1.01B — up 32% from $760M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new BYD positions and 26 closed out — a net gain of 14 holders — while 48 added to existing stakes and 54 trimmed.

The largest buyer was Elliott Management, opening a new position worth an estimated $62.3M. The largest seller was Putnam Investments, exiting entirely with an estimated $28.3M sold.

  • 162 institutional investors held Boyd Gaming (BYD) as of Q1 2014, up from 149 in Q4 2013.
  • Funds reported $1.01B of Boyd Gaming stock for Q1 2014, up 32% quarter-over-quarter.
  • 40 funds opened new Boyd Gaming positions in Q1 2014 and 26 closed out, a net change of +14 holders.
  • The largest Boyd Gaming buyer in Q1 2014 was Elliott Management, an estimated $62.3M added.
  • The largest Boyd Gaming seller in Q1 2014 was Putnam Investments, an estimated $28.3M sold.

Based on aggregated 13F filings for Q1 2014.