Boyd Gaming
207 hedge funds and large institutions have $1.1B invested in Boyd Gaming in 2020 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 67 increasing their positions, 80 reducing their positions, and 78 closing their positions.
43% more call options, than puts
Call options by funds: $18.3M | Put options by funds: $12.8M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
4.18% less ownership
Funds ownership: 71.4% → 67.22% (-4.2%)
16% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 80
18% less funds holding
Funds holding: 252 → 207 (-45)
53% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 78
54% less capital invested
Capital invested by funds: $2.38B → $1.1B (-$1.27B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$105M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
+$76.8M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$27.9M |
| 4 |
EC
Eminence Capital
New York
|
+$18.6M |
| 5 |
MCM
Mason Capital Management
New York
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$76.5M |
| 2 |
Goldman Sachs
New York
|
-$44.6M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$33.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$31.4M |
| 5 |
LCM
Lomas Capital Management
New York
|
-$29.1M |
BYD Hedge Fund Activity: Q1 2020 in Review
207 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Boyd Gaming (BYD) for Q1 2020, worth a combined $1.1B — down 54% from $2.38B a quarter earlier.
Sellers outnumbered buyers: 78 funds closed out of BYD and 37 opened new positions — a net loss of 41 holders — while 80 trimmed existing stakes and 67 added.
The largest buyer was Fidelity Investments, adding an estimated $105M. The largest seller was Cohen & Steers, cutting an estimated $76.5M.
- 207 institutional investors held Boyd Gaming (BYD) as of Q1 2020, down from 252 in Q4 2019.
- Funds reported $1.1B of Boyd Gaming stock for Q1 2020, down 54% quarter-over-quarter.
- 37 funds opened new Boyd Gaming positions in Q1 2020 and 78 closed out, a net change of -41 holders.
- The largest Boyd Gaming buyer in Q1 2020 was Fidelity Investments, an estimated $105M added.
- The largest Boyd Gaming seller in Q1 2020 was Cohen & Steers, an estimated $76.5M sold.
Based on aggregated 13F filings for Q1 2020.