Boyd Gaming
424 hedge funds and large institutions have $4.6B invested in Boyd Gaming in 2025 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 117 increasing their positions, 160 reducing their positions, and 63 closing their positions.
61% more call options, than puts
Call options by funds: $144M | Put options by funds: $89.6M
48% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 63
7% more funds holding
Funds holding: 398 → 424 (+26)
1.67% more ownership
Funds ownership: 67.43% → 69.1% (+1.7%)
2% less capital invested
Capital invested by funds: $4.67B → $4.6B (-$72.8M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
27% less repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 160
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$63.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$33.4M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$23.5M |
| 4 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$22.9M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$22.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$76.1M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$51.8M |
| 3 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$50.3M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$45.8M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$25.3M |
BYD Hedge Fund Activity: Q4 2025 in Review
424 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Boyd Gaming (BYD) for Q4 2025, worth a combined $4.6B — down 1.6% from $4.67B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new BYD positions and 63 closed out — a net gain of 30 holders — while 117 added to existing stakes and 160 trimmed.
The largest buyer was Invesco, adding an estimated $63.7M. The largest seller was Cohen & Steers, cutting an estimated $76.1M.
- 424 institutional investors held Boyd Gaming (BYD) as of Q4 2025, up from 398 in Q3 2025.
- Funds reported $4.6B of Boyd Gaming stock for Q4 2025, down 1.6% quarter-over-quarter.
- 93 funds opened new Boyd Gaming positions in Q4 2025 and 63 closed out, a net change of +30 holders.
- The largest Boyd Gaming buyer in Q4 2025 was Invesco, an estimated $63.7M added.
- The largest Boyd Gaming seller in Q4 2025 was Cohen & Steers, an estimated $76.1M sold.
Based on aggregated 13F filings for Q4 2025.