Boyd Gaming Corporation bonds BYD
Who owns Boyd Gaming Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. BYD stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 103304BU4 | 4.75% fixed | 2027-12-01 | USD | 99.49 | 5.14% | 104 bp | 28 | $212.9M | Jul 2026 |
| 103304BV2 | 4.75% fixed | 2031-06-15 | USD | 95.50 | 5.82% | 150 bp | 36 | $135.1M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $27.8M | 96.00 | 5.71% | 134 bp | 1 |
| Jul 2026 | 2 | $347.9M | 97.50 | 5.48% | 127 bp | 36 |
| Jun 2026 | 2 | $174.2M | 98.13 | 5.27% | 117 bp | 61 |
| May 2026 | 2 | $147.8M | 98.09 | 5.25% | 123 bp | 27 |
| Apr 2026 | 2 | $354.1M | 97.98 | 5.30% | 145 bp | 39 |
| Mar 2026 | 2 | $163.2M | 97.10 | 5.60% | 182 bp | 62 |
| Feb 2026 | 2 | $147.5M | 98.86 | 5.02% | 142 bp | 28 |
| Jan 2026 | 2 | $368.0M | 98.70 | 5.04% | 136 bp | 44 |
| Dec 2025 | 2 | $184.4M | 98.82 | 5.02% | 139 bp | 72 |
| Nov 2025 | 2 | $137.2M | 98.67 | 5.04% | 141 bp | 27 |
| Oct 2025 | 2 | $363.6M | 97.94 | 5.24% | 163 bp | 46 |
| Sep 2025 | 2 | $184.6M | 98.00 | 5.22% | 158 bp | 75 |
| Aug 2025 | 2 | $138.6M | 97.81 | 5.28% | 150 bp | 29 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 32 added, 18 cut, 11 new holders and 14 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD HIGH-YIELD CORPORATE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $99.7M | $98.6M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $84.7M | $82.3M | $0 |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $42.1M | $40.6M | $0 |
| American High Income Trust | 2026-06-30 | $38.6M | $37.6M | $7.8M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $34.3M | $33.5M | $361K |
| Income Fund of America | 2026-07-31 | $33.5M | $32.9M | $0 |
| American Beacon SiM High Yield Opportunities Fund AMERICAN BEACON FUNDS | 2026-05-31 | $29.0M | $27.9M | $0 |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $25.6M | $25.1M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $23.6M | $23.2M | -$1.0M |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $18.3M | $18.2M | $0 |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $15.1M | $14.4M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $14.2M | $14.0M | $0 |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $12.9M | $12.6M | -$4.5M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $12.9M | $12.6M | -$762K |
| Invesco BulletShares 2027 High Yield Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $11.4M | $11.4M | $1.9M |
| PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $11.1M | $10.7M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $9.1M | $9.0M | $435K |
| iShares iBonds 2027 Term High Yield and Income ETF iShares Trust | 2026-07-31 | $8.5M | $8.5M | $2.2M |
| Carillon Chartwell Short Duration High Yield Fund Carillon Series Trust | 2026-06-30 | $7.4M | $7.3M | $0 |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $7.1M | $6.9M | $0 |
| First Trust Tactical High Yield ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $6.1M | $5.8M | $0 |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $5.7M | $5.6M | -$502K |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $5.5M | $5.4M | new |
| Shenkman Capital Short Duration High Income Fund Advisors Series Trust | 2026-06-30 | $4.8M | $4.8M | -$109K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.7M | $4.7M | $514K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): High Yield Bond Portfolio ($4.1M), Penn Series High Yield Bond Fund ($1.5M), Putnam Diversified Income Trust ($1.3M), JPMorgan Income Builder Fund ($945K), Aristotle High Yield Bond Fund ($562K), Harbor Ares Systematic High Yield ETF ($400K), PGIM Global High Yield Fund, Inc. ($400K), Columbia Diversified Fixed Income Allocation ETF ($393K), Columbia Variable Portfolio - Intermediate Bond Fund ($326K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($279K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $34.3M | $33.5M | 0.12% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $23.6M | $23.2M | 0.14% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $12.9M | $12.6M | 0.11% |
| BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $11.4M | $11.4M | 1.34% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 2 | $9.1M | $9.0M | 0.12% |
| IBHG iShares iBonds 2027 Term High Yield and Income ETF | 2026-07-31 | 1 | $8.5M | $8.5M | 1.67% |
| HYLS First Trust Tactical High Yield ETF | 2026-07-31 | 1 | $6.1M | $5.8M | 0.36% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $5.7M | $5.6M | 0.16% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $4.7M | $4.7M | 0.10% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $3.9M | $3.8M | 0.16% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $2.8M | $2.8M | 0.11% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 1 | $2.6M | $2.5M | 0.03% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $2.1M | $2.1M | 0.00% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 1 | $2.0M | $2.0M | 0.15% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.5M | $1.5M | 0.09% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.43: safer than 69% of companies (67th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $5.18B |
| Debt barrier (short-term + ½ long-term debt) | $1.31B |
| Equity volatility (1 year) | 26.9% |
| Asset value / asset volatility (solved) | $6.43B / 21.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 127 bp spread prices in about 2.1% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 4.13 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in BYD's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 37 | $34.9M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 410 | $4.14B | 9 | $21.0M | 11 | $95.4M | 0 |
| 2026-03-31 | 395 | $3.42B | 12 | $39.9M | 11 | $88.1M | 0 |
| 2025-12-31 | 414 | $4.33B | 12 | $88.2M | 16 | $144.3M | 1 |
| 2025-09-30 | 386 | $4.44B | 15 | $115.7M | 18 | $164.9M | 1 |
| 2025-06-30 | 350 | $4.13B | 14 | $38.9M | 14 | $110.1M | 1 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.