Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BOYD GAMING CORP (BYD)

422 + 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
↑ +28
Streak
7Q ▲
Buyers last Q
49%

Smart Money Signals — BYD

Based on 407 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q
For 7 consecutive quarters, 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 (100% of max)

100% of all-time peak
407 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.
🚀

Fast accumulation — +21% more funds vs a year ago

fund count last 6Q
+72 new funds entered over the past year (+21% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 49% buying

215 buying223 selling
Last quarter: 223 funds reduced or exited vs 215 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.
📈

More new buyers each quarter (+15 vs last Q)

new funds entering per quarter
Funds opening a new BYD position: 59 → 57 → 80 → 95. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 19% medium ■ 22% new
242 out of 407 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.
🚀

Acceleration phase — new buyers rushing in

62 → 59 → 57 → 80 → 95 new funds/Q
New funds entering each quarter: 59 → 57 → 80 → 95. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 10% 1-2yr ■ 25% new
Of 422 current holders: 274 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
43 of 407 holders are among the 100 largest funds by AUM, controlling 47% 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.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 2025 Q4, 215 hedge funds were net buyers of BYD (95 opened a new position, 120 added to an existing one), while 223 reduced or exited (156 trimmed, 67 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This marks 7 consecutive quarters of net institutional buying — a persistent conviction signal. 47% of total institutional value in BYD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +28 funds (more new holders than closures). Total institutional holders: 407.

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.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

24 top-rated funds 4 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: BYD
2026 Q1 Stats Unlock in 5 days 422 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 422 399 5.76%
13F Shares 56M 57M -0.82%
Total Value $4.72B $4.84B -2.45%
New Positions 95 83 +12
Increased Positions 133 137 -4
Closed Positions 69 49 +20
Reduced Positions 185 147 +38
Total Calls 13 15 -13.33%
Total Puts 9 13 -30.77%
PUT/CALL Ratio 0.69 0.87 Bullish

Statistics: BYD

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Institutional Holders (2026 Q1)

422 + 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 institutional holders of BYD — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 BWCP, LP 5.82% 464,106 $38.1M
2 ARIEL INVESTMENTS, LLC 2.09% 2,274,418 $186.9M
3 Channing Capital Management, LLC 1.63% 774,757 $63.7M
4 Penn Capital Management Company, LLC 0.99% 155,779 $12.8M
5 Ilex Capital Partners (UK) LLP 0.96% 473,595 $38.9M
6 Cascade Investment Advisors, Inc. 0.85% 17,506 $1.4M
7 denkapparat Operations GmbH 0.71% 20,946 $1.7M
8 Orvieto Partners, L.P. 0.70% 10,000 $822K
9 WEDGE CAPITAL MANAGEMENT L L P/NC 0.63% 415,617 $34.2M
10 Arbejdsmarkedets Tillaegspension 0.61% 299,948 $24.6M
11 MEEDER ASSET MANAGEMENT INC 0.55% 116,974 $9.6M
12 Cambria Investment Management, L.P. 0.49% 107,117 $8.8M
13 Watershed Asset Management, L.L.C. 0.48% 5,586 $459K
14 Mitsubishi UFJ Asset Management (UK) Ltd. 0.47% 11,000 $904K
15 FOSTER & MOTLEY INC 0.42% 98,730 $8K
16 DEPRINCE RACE & ZOLLO INC 0.41% 265,398 $21.8M
17 VISTA INVESTMENT PARTNERS LLC 0.40% 18,263 $1.5M
18 COHEN & STEERS, INC. 0.35% 2,470,510 $203K
19 Optimize Financial Inc 0.32% 7,997 $657K
20 PINNACLE ASSOCIATES LTD 0.31% 290,911 $23.9M
21 INCEPTIONR LLC 0.28% 14,313 $1.2M
22 Neo Ivy Capital Management 0.25% 11,574 $951K
23 Factorial Partners, LLC 0.24% 4,000 $329K
24 Boston Partners 0.24% 2,757,681 $226.7M
25 Sagewood Asset Management LP 0.21% 7,981 $656K
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 — 7 quarters in a row: For 7 consecutive quarters, 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 — 49% buying: Last quarter: 223 funds reduced or exited vs 215 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 — 47% AUM from top-100 funds: 43 of 407 holders are among the 100 largest funds by AUM, controlling 47% 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?

59% of holders stayed for 2+ years: 242 out of 407 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.