Boyd Gaming
223 hedge funds and large institutions have $2.68B invested in Boyd Gaming in 2018 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 61 increasing their positions, 87 reducing their positions, and 40 closing their positions.
948% more call options, than puts
Call options by funds: $192M | Put options by funds: $18.4M
20% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 40
3% more funds holding
Funds holding: 217 → 223 (+6)
0.25% less ownership
Funds ownership: 74.9% → 74.66% (-0.25%)
9% less capital invested
Capital invested by funds: $2.95B → $2.68B (-$264M)
30% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 87
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$58.4M |
| 2 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$48.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$34.5M |
| 4 |
SAM
Scopus Asset Management
New York
|
+$33.8M |
| 5 |
PC
PointState Capital
New York
|
+$33.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hoplite Capital Management
New York
|
-$56M |
| 2 |
BlackRock
New York
|
-$54.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$41.7M |
| 4 |
Goldman Sachs
New York
|
-$34.3M |
| 5 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$23.3M |
BYD Hedge Fund Activity: Q1 2018 in Review
223 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Boyd Gaming (BYD) for Q1 2018, worth a combined $2.68B — down 9% from $2.95B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new BYD positions and 40 closed out — a net gain of 8 holders — while 61 added to existing stakes and 87 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $58.4M. The largest seller was Hoplite Capital Management, exiting entirely with an estimated $56M sold.
- 223 institutional investors held Boyd Gaming (BYD) as of Q1 2018, up from 217 in Q4 2017.
- Funds reported $2.68B of Boyd Gaming stock for Q1 2018, down 9% quarter-over-quarter.
- 48 funds opened new Boyd Gaming positions in Q1 2018 and 40 closed out, a net change of +8 holders.
- The largest Boyd Gaming buyer in Q1 2018 was Fidelity Investments, an estimated $58.4M added.
- The largest Boyd Gaming seller in Q1 2018 was Hoplite Capital Management, an estimated $56M sold.
Based on aggregated 13F filings for Q1 2018.