Boyd Gaming
272 hedge funds and large institutions have $4.55B invested in Boyd Gaming in 2021 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 70 increasing their positions, 126 reducing their positions, and 43 closing their positions.
35% more capital invested
Capital invested by funds: $3.36B → $4.55B (+$1.19B)
19% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 43
2% more funds holding
Funds holding: 266 → 272 (+6)
10% less call options, than puts
Call options by funds: $38M | Put options by funds: $42.1M
1.32% less ownership
Funds ownership: 70.35% → 69.03% (-1.3%)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
44% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 126
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$139M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$99.6M |
| 3 |
MCM
Melvin Capital Management
New York
|
+$70.7M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$27M |
| 5 |
LBIM
Land & Buildings Investment Management
Stamford,
Connecticut
|
+$18.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$53.6M |
| 2 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$47M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$40.4M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$39.9M |
| 5 |
SIG
Senator Investment Group
New York
|
-$30M |
BYD Hedge Fund Activity: Q1 2021 in Review
272 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Boyd Gaming (BYD) for Q1 2021, worth a combined $4.55B — up 35% from $3.36B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new BYD positions and 43 closed out — a net gain of 8 holders — while 70 added to existing stakes and 126 trimmed.
The largest buyer was Invesco, adding an estimated $139M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $53.6M sold.
- 272 institutional investors held Boyd Gaming (BYD) as of Q1 2021, up from 266 in Q4 2020.
- Funds reported $4.55B of Boyd Gaming stock for Q1 2021, up 35% quarter-over-quarter.
- 51 funds opened new Boyd Gaming positions in Q1 2021 and 43 closed out, a net change of +8 holders.
- The largest Boyd Gaming buyer in Q1 2021 was Invesco, an estimated $139M added.
- The largest Boyd Gaming seller in Q1 2021 was HG Vora Capital Management, an estimated $53.6M sold.
Based on aggregated 13F filings for Q1 2021.