Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Boyd Gaming Corp (BYD)

410 + Investors. Track Smart Money conviction in BYD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -12
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — BYD

Based on 412 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BYD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
412 hedge funds hold BYD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+56 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

219 buying206 selling
Last quarter: 219 funds bought or added vs 206 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-44 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 61 → 83 → 97 → 53. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 20% medium ■ 19% new
250 out of 412 hedge funds have held BYD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~53 new funds/quarter

62 → 61 → 83 → 97 → 53 new funds/Q
New funds entering each quarter: 61 → 83 → 97 → 53. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 65% veterans vs 22% newcomers

■ 65% veterans ■ 13% 1-2yr ■ 22% new
Entry-cohort mix of 423 holders: 276 (65%) are 2+ year veterans, 53 entered 1–2 years ago, and 94 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
53 of 406 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BYD

In 2026 Q1, 219 hedge funds were net buyers of BYD (53 opened a new position, 166 added to an existing one), while 206 reduced or exited (141 trimmed, 65 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 36% of total institutional value in BYD is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -12 funds (more exits than new entries). Total institutional holders: 412.

Hedge Fund Ownership: BYD

How many hedge funds hold BYD — quarterly history vs. share price
Quarterly hedge fund ownership of BYD vs. share price

Market Analysis: BYD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BYD

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Boyd Gaming Corp (BYD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BYD has moved relative to its sector benchmark (XLY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
BYD
nan%
XLY
nan%

BYD outperformed XLY by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
BYD
nan%
XLY
nan%

Since the filing became public, BYD outperformed XLY by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

30 top-rated funds 2 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: BYD
410 + Investors

Track Smart Money conviction in BYD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 410 424 -3.3%
13F Shares 52M 57M -8.27%
Total Value $3.92B $4.73B -17.23%
New Positions 52 97 -45
Increased Positions 162 116 +46
Closed Positions 66 71 -5
Reduced Positions 136 160 -24
Total Calls 8 13 -38.46%
Total Puts 9 9 -
PUT/CALL Ratio 1.12 0.69 Neutral

Statistics: BYD

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

410 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BYD. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BYD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Seven Six Capital Management, LLC 11.13% 125,875 $10.3M
2 Bwcp, LP 5.82% 464,106 $38.1M
3 Black Diamond Capital Management I, LLLP 4.96% 82,000 $6.7M
4 Nitorum Capital, L.P. 4.56% 63,256 $5.2M
5 Ariel Investments, LLC 2.09% 2,274,418 $186.9M
6 Channing Capital Management, LLC 1.63% 774,757 $63.7M
7 Penn Capital Management Company, LLC 0.99% 155,779 $12.8M
8 Ilex Capital Partners (UK) LLP 0.96% 473,595 $38.9M
9 Cascade Investment Advisors, Inc. 0.85% 17,506 $1.4M
10 denkapparat Operations GmbH 0.71% 20,946 $1.7M
11 Orvieto Partners, L.P. 0.70% 10,000 $822K
12 Diametric Capital, LP 0.68% 32,051 $2.6M
13 Wedge Capital Management L L P/Nc 0.63% 415,617 $34.2M
14 Arbejdsmarkedets Tillaegspension 0.61% 299,948 $24.6M
15 Meeder Asset Management Inc 0.55% 116,974 $9.6M
16 Cambria Investment Management, L.P. 0.49% 107,117 $8.8M
17 Watershed Asset Management, L.L.C. 0.48% 5,586 $459K
18 Mitsubishi UFJ Asset Management (UK) Ltd. 0.47% 11,000 $904K
19 III Capital Management 0.46% 19,442 $1.6M
20 44 Wealth Management LLC 0.45% 15,495 $1.3M
21 Deprince Race & Zollo Inc 0.41% 265,398 $21.8M
22 Vista Investment Partners LLC 0.40% 18,263 $1.5M
23 Paloma Partners Management Co 0.37% 23,000 $1.9M
24 Optimize Financial Inc 0.32% 7,997 $657K
25 Pinnacle Associates Ltd 0.31% 290,911 $23.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Boyd Gaming Corp (BYD)

What does the Smart Money Trend signal show for BYD?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BYD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BYD?

Slight buying edge — 52% buying: Last quarter: 219 funds bought or added vs 206 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BYD holders?

Strong quality — 36% AUM from major funds: 53 of 406 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BYD?

61% of holders stayed for 2+ years: 250 out of 412 hedge funds have held BYD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Boyd Gaming Corp (BYD) following the 2026 Q1 hedge fund 13F filings?

As of today, BYD has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), BYD has gained nan% vs nan% for XLY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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