Boyd Gaming
217 hedge funds and large institutions have $2.95B invested in Boyd Gaming in 2017 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 60 increasing their positions, 71 reducing their positions, and 33 closing their positions.
250% more funds holding in top 10
Funds holding in top 10: 2 → 7 (+5)
64% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 33
31% more capital invested
Capital invested by funds: $2.25B → $2.95B (+$700M)
10% more funds holding
Funds holding: 197 → 217 (+20)
1% less call options, than puts
Call options by funds: $109M | Put options by funds: $111M
1.63% less ownership
Funds ownership: 76.53% → 74.9% (-1.6%)
15% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 71
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$22.7M |
| 2 |
WCP
Waterfront Capital Partners
New York
|
+$20M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$17.6M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
+$14.7M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
+$12.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$73.6M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$42.4M |
| 3 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$28.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$20.1M |
| 5 |
JP Morgan Chase
New York
|
-$13.5M |
BYD Hedge Fund Activity: Q4 2017 in Review
217 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Boyd Gaming (BYD) for Q4 2017, worth a combined $2.95B — up 31% from $2.25B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new BYD positions and 33 closed out — a net gain of 21 holders — while 60 added to existing stakes and 71 trimmed.
The largest buyer was Millennium Management, adding an estimated $22.7M. The largest seller was PAR Capital Management, cutting an estimated $73.6M.
- 217 institutional investors held Boyd Gaming (BYD) as of Q4 2017, up from 197 in Q3 2017.
- Funds reported $2.95B of Boyd Gaming stock for Q4 2017, up 31% quarter-over-quarter.
- 54 funds opened new Boyd Gaming positions in Q4 2017 and 33 closed out, a net change of +21 holders.
- The largest Boyd Gaming buyer in Q4 2017 was Millennium Management, an estimated $22.7M added.
- The largest Boyd Gaming seller in Q4 2017 was PAR Capital Management, an estimated $73.6M sold.
Based on aggregated 13F filings for Q4 2017.