Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Boyd Gaming Corp (BYD)

412 + 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
↑ +3
Streak
1Q ▲
Buyers last Q
45%

Smart Money Signals — BYD

Based on 418 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BYD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
418 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 — +14% more funds vs a year ago

fund count last 6Q
+52 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 45% buying

185 buying226 selling
Last quarter: 226 funds reduced or exited vs 185 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~49 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 83 → 98 → 54 → 49. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 20% medium ■ 17% new
262 out of 418 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.
📊

Peak discovery — momentum slowing

63 → 83 → 98 → 54 → 49 new funds/Q
New funds entering each quarter: 83 → 98 → 54 → 49. BYD is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 68% veterans vs 20% newcomers

■ 68% veterans ■ 12% 1-2yr ■ 20% new
Entry-cohort mix of 429 holders: 291 (68%) are 2+ year veterans, 53 entered 1–2 years ago, and 85 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
57 of 415 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in BYD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 Q2, 185 hedge funds were net buyers of BYD (49 opened a new position, 136 added to an existing one), while 226 reduced or exited (180 trimmed, 46 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. 53% of total institutional value in BYD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 418.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 3 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
2.4
/ 10
conviction
Hedge Fund Positioning: BYD
412 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 412 415 -0.72%
13F Shares 55M 53M 4.35%
Total Value $4.15B $3.98B 4.13%
New Positions 48 54 -6
Increased Positions 132 164 -32
Closed Positions 48 64 -16
Reduced Positions 175 137 +38
Total Calls 8 8 -
Total Puts 6 9 -33.33%
PUT/CALL Ratio 0.75 1.12 Neutral

Statistics: BYD

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Institutional Holders (2026 Q2)

412 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Seven Six Capital Management, LLC 9.50% 117,800 $10.4M
2 Bwcp, LP 6.32% 500,568 $44.2M
3 Black Diamond Capital Management I, LLLP 4.80% 82,000 $7.2M
4 Nitorum Capital, L.P. 3.81% 63,256 $5.6M
5 Ariel Investments, LLC 1.92% 2,182,342 $192.8M
6 Channing Capital Management, LLC 1.53% 753,972 $66.6M
7 Neo Ivy Capital Management 0.91% 44,611 $3.9M
8 Arbejdsmarkedets Tillaegspension 0.62% 324,000 $28.6M
9 denkapparat Operations GmbH 0.60% 20,946 $1.9M
10 Orvieto Partners, L.P. 0.57% 10,000 $883K
11 III Capital Management 0.56% 25,000 $2.2M
12 Occudo Quantitative Strategies LP 0.55% 116,206 $10.3M
13 Cambria Investment Management, L.P. 0.47% 106,620 $9.4M
14 44 Wealth Management LLC 0.42% 14,521 $1.3M
15 Vista Investment Partners LLC 0.41% 18,263 $1.6M
16 Watershed Asset Management, L.L.C. 0.40% 5,006 $442K
17 Campbell & CO Investment Adviser LLC 0.35% 76,096 $6.7M
18 Aster Capital Management (DIFC) Ltd 0.29% 15,677 $1.2M
19 Deprince Race & Zollo Inc 0.27% 181,817 $16.1M
20 Pinnacle Associates Ltd 0.26% 272,415 $24.1M
21 Blueshift Asset Management, LLC 0.24% 11,972 $1.1M
22 JMN Financial LLC 0.23% 3,283 $291K
23 Inceptionr LLC 0.21% 9,740 $860K
24 Evolve Private Wealth, LLC 0.20% 36,400 $3.2M
25 Cetera Trust Company, N.A 0.18% 4,030 $356K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BYD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BYD?

More sellers than buyers — 45% buying: Last quarter: 226 funds reduced or exited vs 185 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for BYD holders?

Elite ownership — 53% AUM from top-100 funds: 57 of 415 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in BYD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BYD?

63% of holders stayed for 2+ years: 262 out of 418 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.

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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