Churchill Downs
CHDN
425 hedge funds and large institutions have $5.55B invested in Churchill Downs in 2025 Q2 according to their latest regulatory filings, with 67 funds opening new positions, 152 increasing their positions, 147 reducing their positions, and 67 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 152 | Existing positions reduced: 147
0% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 67
1% less funds holding
Funds holding: 429 → 425 (-4)
1.44% less ownership
Funds ownership: 77.45% → 76% (-1.4%)
13% less capital invested
Capital invested by funds: $6.37B → $5.55B (-$823M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
79% less call options, than puts
Call options by funds: $9.51M | Put options by funds: $46.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$168M |
| 2 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$81.8M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$76.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$28M |
| 5 |
Morgan Stanley
New York
|
+$26.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$121M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$91.5M |
| 3 |
BlackRock
New York
|
-$86M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$52.9M |
| 5 |
SG Americas Securities
New York
|
-$49.4M |
CHDN Hedge Fund Activity: Q2 2025 in Review
425 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2025, worth a combined $5.55B — down 13% from $6.37B a quarter earlier.
Fund positioning in CHDN was balanced in Q2 2025: 67 funds opened new positions, 67 closed out, 152 added to existing stakes and 147 trimmed.
The largest buyer was Capital International Investors, adding an estimated $168M. The largest seller was Citadel Advisors, cutting an estimated $121M.
- 425 institutional investors held Churchill Downs (CHDN) as of Q2 2025, down from 429 in Q1 2025.
- Funds reported $5.55B of Churchill Downs stock for Q2 2025, down 13% quarter-over-quarter.
- 67 funds opened new Churchill Downs positions in Q2 2025 and 67 closed out, a net change of 0 holders.
- The largest Churchill Downs buyer in Q2 2025 was Capital International Investors, an estimated $168M added.
- The largest Churchill Downs seller in Q2 2025 was Citadel Advisors, an estimated $121M sold.
Based on aggregated 13F filings for Q2 2025.