Churchill Downs
CHDN
325 hedge funds and large institutions have $5.49B invested in Churchill Downs in 2021 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 83 increasing their positions, 126 reducing their positions, and 46 closing their positions.
38% more call options, than puts
Call options by funds: $28.6M | Put options by funds: $20.8M
26% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 46
3% more funds holding
Funds holding: 315 → 325 (+10)
2.52% less ownership
Funds ownership: 146.73% → 144.21% (-2.5%)
14% less capital invested
Capital invested by funds: $6.4B → $5.49B (-$913M)
34% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 126
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$168M |
| 2 |
Millennium Management
New York
|
+$85.6M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$64.8M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$60.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$40.8M |
Top Sellers
| 1 |
BlackRock
New York
|
-$330M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$52.8M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$45.4M |
| 4 |
State Street
Boston,
Massachusetts
|
-$42.4M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$39M |
CHDN Hedge Fund Activity: Q2 2021 in Review
325 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2021, worth a combined $5.49B — down 14% from $6.4B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new CHDN positions and 46 closed out — a net gain of 12 holders — while 83 added to existing stakes and 126 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $168M. The largest seller was BlackRock, cutting an estimated $330M.
- 325 institutional investors held Churchill Downs (CHDN) as of Q2 2021, up from 315 in Q1 2021.
- Funds reported $5.49B of Churchill Downs stock for Q2 2021, down 14% quarter-over-quarter.
- 58 funds opened new Churchill Downs positions in Q2 2021 and 46 closed out, a net change of +12 holders.
- The largest Churchill Downs buyer in Q2 2021 was Fidelity Investments, an estimated $168M added.
- The largest Churchill Downs seller in Q2 2021 was BlackRock, an estimated $330M sold.
Based on aggregated 13F filings for Q2 2021.