Boyd Gaming
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 27 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
88% more call options, than puts
Call options by funds: $58.2M | Put options by funds: $31M
48% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 27
33% more capital invested
Capital invested by funds: $761M → $1.01B (+$247M)
8% more funds holding
Funds holding: 150 → 162 (+12)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
+$62.3M |
| 2 |
LPC
Long Pond Capital
New York
|
+$35.9M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$21.3M |
| 4 |
PA
Pinnacle Associates
New York
|
+$14.4M |
| 5 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$28.3M |
| 2 |
DP
DW Partners
New York
|
-$11.3M |
| 3 |
SC
Sculptor Capital
New York
|
-$11.2M |
| 4 |
Morgan Stanley
New York
|
-$9.87M |
| 5 |
AM
Appaloosa Management
Miami Beach,
Florida
|
-$8.86M |
BYD Hedge Fund Activity: Q1 2014 in Review
162 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Boyd Gaming (BYD) for Q1 2014, worth a combined $1.01B — up 33% from $761M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new BYD positions and 27 closed out — a net gain of 13 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 150 in Q4 2013.
- Funds reported $1.01B of Boyd Gaming stock for Q1 2014, up 33% quarter-over-quarter.
- 40 funds opened new Boyd Gaming positions in Q1 2014 and 27 closed out, a net change of +13 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.