Churchill Downs
CHDN
246 hedge funds and large institutions have $2.69B invested in Churchill Downs in 2018 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 96 increasing their positions, 74 reducing their positions, and 37 closing their positions.
58% more call options, than puts
Call options by funds: $15.6M | Put options by funds: $9.89M
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
30% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 74
3.93% more ownership
Funds ownership: 425.29% → 429.22% (+3.9%)
2% less funds holding
Funds holding: 252 → 246 (-6)
5% less capital invested
Capital invested by funds: $2.85B → $2.69B (-$152M)
14% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$32.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$30.5M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.8M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
+$13M |
| 5 |
CC
Carbonado Capital
New York
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$41.5M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$33M |
| 3 |
SAM
Scopus Asset Management
New York
|
-$14.6M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$10.2M |
| 5 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$10.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GT
276
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$30K | -600 | Closed |
|
|
MAM
277
Meeder Asset Management
Dublin,
Ohio
| – | -$22.5K | -456 | Closed |
|
278
Envestnet Asset Management
Chicago,
Illinois
| – | -$9K | -198 | Closed |
|
|
LFA
279
Legacy Financial Advisors
Covington,
Kentucky
| – | -$2K | -30 | Closed |
|
|
CWA
280
Clarus Wealth Advisors
Peoria,
Arizona
| – | -$1K | -24 | Closed |
|
|
JA
281
JOYN Advisors
Atlanta,
Georgia
| – | -$1K | -18 | Closed |
|
|
CAG
282
Csenge Advisory Group
Clearwater,
Florida
| – | +$853 | +18 | New |
|
CHDN Hedge Fund Activity: Q3 2018 in Review
246 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2018, worth a combined $2.69B — down 5.3% from $2.85B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of CHDN and 32 opened new positions — a net loss of 5 holders — while 74 trimmed existing stakes and 96 added.
The largest buyer was Prudential Financial, adding an estimated $32.3M. The largest seller was PAR Capital Management, cutting an estimated $41.5M.
- 246 institutional investors held Churchill Downs (CHDN) as of Q3 2018, down from 252 in Q2 2018.
- Funds reported $2.69B of Churchill Downs stock for Q3 2018, down 5.3% quarter-over-quarter.
- 32 funds opened new Churchill Downs positions in Q3 2018 and 37 closed out, a net change of -5 holders.
- The largest Churchill Downs buyer in Q3 2018 was Prudential Financial, an estimated $32.3M added.
- The largest Churchill Downs seller in Q3 2018 was PAR Capital Management, an estimated $41.5M sold.
Based on aggregated 13F filings for Q3 2018.