Dycom Industries

DY • NYSE

Dycom Industries is a engineering & construction company in the industrials sector on NYSE, led by Daniel S. Peyovich, with a market cap of $10.0B. As of Q3 2025, 99% of shares are held by 404 institutional investors, with BlackRock, Inc. as the largest holder at 15.52%.

Chief Executive OfficerDaniel S. Peyovich

Market Cap$10.0B

Engineering & Construction

Industrials

Employees15.6K

Websitedycomind.com

Country

United States of America

Overview

Overview of institutional ownership in DY as of Q3 2025 with a market cap of $8.4B

All Institutions

Institutions: 404
Value Held: $8.3B
Shares Held: 28.5M
Avg Position: $20.6M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 48
Value Held: $2.4B
Shares Held: 8.3M
Avg Position: $50.5M
Median Position: $3.5M

Ownership Breakdown

Institutional (non-HF)

69.91%

$5.9B

Hedge Funds

28.68%

$2.4B

Retail & Other

1.41%

$119.2M

Based on market cap of $8.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.3B 0.02% of portfolio	15.52% 4.5M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
PECONIC PARTNERS LLC Hedge Fund•Long/Short	Richard Harvey Adelaar President	$1.2B 33.22% of portfolio	14.22% 4.1M shares	≤ Q2 2013 Held for 12y 5m+	$3.6B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$878.7M 0.01% of portfolio	10.40% 3.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$386.6M 0.32% of portfolio	4.58% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$121.98B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$312.9M 0.01% of portfolio	3.70% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
H Hill City Capital, LP Hedge Fund•Value	Herbert Anselem Frazier CIO	$294.6M 12.05% of portfolio	3.49% 1.0M shares	Q4 2020 Held for 4y 11m	$2.4B
FMR LLC Institution	-	$258.4M 0.01% of portfolio	3.06% 885.5K shares	Q3 2015 Held for 10y 2m	$1.92T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$196.5M 0.01% of portfolio	2.33% 673.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$177.6M 0.04% of portfolio	2.10% 608.7K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$176.5M 0.13% of portfolio	2.09% 604.9K shares	≤ Q2 2013 Held for 12y 5m+	$134.11B

Net Capital Flow

Institutional buying and selling activity for DY in Q3 2025

Traded: +$456.8M
Buyers: 215
Sellers: 187
Total Bought: +$1.1B
Total Sold: −$617.0M
Avg Position: $18.3M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$162.2M +555.8K shares	$258.4M 885.5K shares
PECONIC PARTNERS LLC Hedge Fund•Long/Short	+$87.4M +299.5K shares	$1.2B 4.1M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$86.6M +296.9K shares	$130.8M 448.5K shares
R ROYAL BANK OF CANADA Institution	+$86.6M +296.8K shares	$88.6M 303.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$67.0M +229.6K shares	$386.6M 1.3M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	+$44.6M +152.7K shares	$44.6M 152.7K shares
Bornite Capital Management LP Hedge Fund•Long/Short	+$43.8M +150.0K shares	$43.8M 150.0K shares
Cartenna Capital, LP Hedge Fund•Long/Short	+$40.8M +140.0K shares	$40.8M 140.0K shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$33.3M +114.2K shares	$69.3M 237.6K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$30.4M +104.2K shares	$71.8M 246.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
ACK Asset Management LLC Hedge Fund•Long/Short	−$54.9M −224.7K shares	Sold Off 0 shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	−$38.7M −132.5K shares	$56.7M 194.4K shares
SG Capital Management LLC Hedge Fund•Event Driven	−$26.0M −106.5K shares	Sold Off 0 shares
Aristotle Capital Boston, LLC Long Only Manager	−$25.9M −88.9K shares	$44.0M 150.8K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	−$22.0M −89.9K shares	Sold Off 0 shares
PRINCIPAL FINANCIAL GROUP INC Institution	−$21.3M −73.1K shares	$139.7M 478.8K shares
HENNESSY ADVISORS INC Institution	−$20.2M −69.2K shares	$48.9M 167.5K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$18.7M −64.3K shares	$26.5M 91.0K shares
D D. E. Shaw & Co., Inc. Institution	−$17.2M −58.8K shares	$29.3M 100.4K shares
B BlackRock, Inc. Institution	−$15.1M −51.8K shares	$1.3B 4.5M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DY in Q3 2025

New Positions: 29
New Value: $104.2M
Exited Positions: 51
Exited Value: $246.1M

New Positions

Institution	Position Value
Bornite Capital Management LP Hedge Fund•Long/Short	$43.8M 150.0K shares
Cartenna Capital, LP Hedge Fund•Long/Short	$40.8M 140.0K shares
A Aventail Capital Group, LP Hedge Fund•Long/Short	$5.3M 18.1K shares
S SANDLER CAPITAL MANAGEMENT Hedge Fund•Long/Short	$3.3M 11.2K shares
B B. Metzler seel. Sohn & Co. AG Institution	$2.3M 7.9K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$2.1M 7.1K shares
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ Institution	$1.3M 4.5K shares
Numerai GP LLC Hedge Fund•Quant	$1.3M 4.4K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$595.8K 2.0K shares
Brookstone Capital Management RIA/Wealth	$528.1K 1.8K shares

Exited Positions

Institution	Previous Position
ACK Asset Management LLC Hedge Fund•Long/Short	$54.9M 224.7K shares
SG Capital Management LLC Hedge Fund•Event Driven	$26.0M 106.5K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$22.0M 89.9K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$15.0M 61.4K shares
M M&G Plc Institution	$10.9M 44.7K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$10.3M 42.3K shares
H HRT FINANCIAL LLC Institution	$10.1M 41.1K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$9.1M 37.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$8.4M 34.5K shares
Trexquant Investment LP Hedge Fund•Quant	$7.8M 32.1K shares

Options Activity

Institutions with the largest Call and Put options positions in DY as of Q3 2025

Call Positions: 11
Call Value: $57.5M
Put Positions: 8
Put Value: $8.6M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$34.3M 1.2K contracts
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	$8.2M 280.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.0M 171.0 contracts
J JANE STREET GROUP, LLC Institution	$3.7M 128.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$2.3M 79.0 contracts
P PEAK6 LLC Institution	$1.6M 56.0 contracts
Walleye Trading LLC RIA/Wealth	$1.3M 45.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$992.0K 34.0 contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$29.2K 1.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.1M 139.0 contracts
C Cubist Systematic Strategies, LLC Institution	$1.6M 56.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 38.0 contracts
J JANE STREET GROUP, LLC Institution	$729.4K 25.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$583.5K 20.0 contracts
Walleye Trading LLC RIA/Wealth	$379.3K 13.0 contracts
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$145.9K 5.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	- - contracts

Most Committed Institutions

Institutions with DY as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
PECONIC PARTNERS LLC Hedge Fund•Long/Short	Richard Harvey Adelaar President	33.22% $1.2B	14.22% 4.1M shares	≤ Q2 2013 Held for 12y 5m+	$3.6B
Applied Fundamental Research, LLC Hedge Fund•Value	Kevin Francis Curran Member	15.31% $15.8M	0.19% 54.0K shares	Q4 2020 Held for 4y 11m	$102.9M
H Hill City Capital, LP Hedge Fund•Value	Herbert Anselem Frazier CIO	12.05% $294.6M	3.49% 1.0M shares	Q4 2020 Held for 4y 11m	$2.4B
Bornite Capital Management LP Hedge Fund•Long/Short	Daniel A. Dreyfus CIO	4.17% $43.8M	0.52% 150.0K shares	Q3 2025 Held for 2 months	$1.0B
NEUMEIER POMA INVESTMENT COUNSEL LLC Long Only Manager	Brian David Poma CEO	3.97% $48.5M	0.57% 166.3K shares	Q2 2022 Held for 3y 5m	$1.2B
Rithm Capital Corp. Hedge Fund•Multi-Strategy	Michael B Nierenberg CEO	3.32% $1.1M	0.01% 3.7K shares	Q4 2024 Held for 11 months	$32.5M
12th Street Asset Management Company, LLC Hedge Fund•Value	David Andrew Shipman Member	3.12% $19.6M	0.23% 67.2K shares	Q1 2025 Held for 8 months	$628.0M
F First Washington CORP RIA/Wealth	David Dixon Lewis Chairman	2.64% $9.9M	0.12% 33.8K shares	Q1 2016 Held for 9y 8m	$373.0M
Aristotle Capital Boston, LLC Long Only Manager	David Michael Adams CEO	2.25% $44.0M	0.52% 150.8K shares	Q4 2014 Held for 10y 11m	$2.0B
Cartenna Capital, LP Hedge Fund•Long/Short	Sean Mcduffy President	2.13% $40.8M	0.48% 140.0K shares	Q3 2025 Held for 2 months	$1.9B

Hedge Fund Spotlight

Discover hedge funds investing in DY

SANDLER CAPITAL MANAGEMENT

Hedge Fund • Long/Short

Portfolio ManagerThomas C Molnar

Portfolio Value: $272.1M
Positions: 119
Last Reported: Q3 2025

Sector Allocation

Position in Dycom Industries

Market Value: $3.3M
Shares Held: 11.2K
Portfolio Weight: 1.20%
Owned Since: 2025-Q3

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