Churchill Downs
CHDN
315 hedge funds and large institutions have $6.4B invested in Churchill Downs in 2021 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 82 increasing their positions, 132 reducing their positions, and 39 closing their positions.
17% more capital invested
Capital invested by funds: $5.49B → $6.4B (+$918M)
3.68% more ownership
Funds ownership: 143.05% → 146.73% (+3.7%)
5% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 39
1% less funds holding
Funds holding: 317 → 315 (-2)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
22% less call options, than puts
Call options by funds: $17.5M | Put options by funds: $22.5M
38% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 132
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$60.7M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$37.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$37.2M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$22.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$8.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$25M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$19.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$13.8M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$11.9M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$11.5M |
CHDN Hedge Fund Activity: Q1 2021 in Review
315 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q1 2021, worth a combined $6.4B — up 17% from $5.49B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new CHDN positions and 39 closed out — a net gain of 2 holders — while 82 added to existing stakes and 132 trimmed.
The largest buyer was Vanguard Group, adding an estimated $60.7M. The largest seller was Millennium Management, cutting an estimated $25M.
- 315 institutional investors held Churchill Downs (CHDN) as of Q1 2021, down from 317 in Q4 2020.
- Funds reported $6.4B of Churchill Downs stock for Q1 2021, up 17% quarter-over-quarter.
- 41 funds opened new Churchill Downs positions in Q1 2021 and 39 closed out, a net change of +2 holders.
- The largest Churchill Downs buyer in Q1 2021 was Vanguard Group, an estimated $60.7M added.
- The largest Churchill Downs seller in Q1 2021 was Millennium Management, an estimated $25M sold.
Based on aggregated 13F filings for Q1 2021.