Churchill Downs
CHDN
370 hedge funds and large institutions have $7.84B invested in Churchill Downs in 2023 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 117 increasing their positions, 120 reducing their positions, and 31 closing their positions.
77% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 31
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
19% more capital invested
Capital invested by funds: $6.57B → $7.84B (+$1.27B)
5% more funds holding
Funds holding: 351 → 370 (+19)
2.3% more ownership
Funds ownership: 75.62% → 77.92% (+2.3%)
3% less repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 120
37% less call options, than puts
Call options by funds: $8.03M | Put options by funds: $12.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$85.9M |
| 2 |
Morgan Stanley
New York
|
+$55.9M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$47.6M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$29.3M |
| 5 |
Jennison Associates
New York
|
+$21.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$114M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$38.2M |
| 3 |
WG
Winton Group
London,
United Kingdom
|
-$10.3M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$9.82M |
| 5 |
Renaissance Technologies
New York
|
-$8.92M |
CHDN Hedge Fund Activity: Q4 2023 in Review
370 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2023, worth a combined $7.84B — up 19% from $6.57B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new CHDN positions and 31 closed out — a net gain of 24 holders — while 117 added to existing stakes and 120 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $85.9M. The largest seller was Fidelity Investments, cutting an estimated $114M.
- 370 institutional investors held Churchill Downs (CHDN) as of Q4 2023, up from 351 in Q3 2023.
- Funds reported $7.84B of Churchill Downs stock for Q4 2023, up 19% quarter-over-quarter.
- 55 funds opened new Churchill Downs positions in Q4 2023 and 31 closed out, a net change of +24 holders.
- The largest Churchill Downs buyer in Q4 2023 was Citadel Advisors, an estimated $85.9M added.
- The largest Churchill Downs seller in Q4 2023 was Fidelity Investments, an estimated $114M sold.
Based on aggregated 13F filings for Q4 2023.