Churchill Downs
CHDN
353 hedge funds and large institutions have $7.41B invested in Churchill Downs in 2023 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 98 increasing their positions, 142 reducing their positions, and 19 closing their positions.
168% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 19
136% more call options, than puts
Call options by funds: $8.92M | Put options by funds: $3.78M
25% more capital invested
Capital invested by funds: $5.95B → $7.41B (+$1.46B)
9% more funds holding
Funds holding: 323 → 353 (+30)
2.84% more ownership
Funds ownership: 151.24% → 154.08% (+2.8%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
31% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 142
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$322M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$22.4M |
| 3 |
SYBT
Stock Yards Bank & Trust
Louisville,
Kentucky
|
+$16.3M |
| 4 |
Morgan Stanley
New York
|
+$13.2M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$8.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$66.1M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$23.1M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$22M |
| 4 |
NC
Nitorum Capital
New York
|
-$21.4M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$19.3M |
CHDN Hedge Fund Activity: Q1 2023 in Review
353 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q1 2023, worth a combined $7.41B — up 25% from $5.95B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new CHDN positions and 19 closed out — a net gain of 32 holders — while 98 added to existing stakes and 142 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $322M. The largest seller was Citadel Advisors, cutting an estimated $66.1M.
- 353 institutional investors held Churchill Downs (CHDN) as of Q1 2023, up from 323 in Q4 2022.
- Funds reported $7.41B of Churchill Downs stock for Q1 2023, up 25% quarter-over-quarter.
- 51 funds opened new Churchill Downs positions in Q1 2023 and 19 closed out, a net change of +32 holders.
- The largest Churchill Downs buyer in Q1 2023 was Capital Research Global Investors, an estimated $322M added.
- The largest Churchill Downs seller in Q1 2023 was Citadel Advisors, an estimated $66.1M sold.
Based on aggregated 13F filings for Q1 2023.