Churchill Downs
CHDN
311 hedge funds and large institutions have $3.93B invested in Churchill Downs in 2019 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 82 increasing their positions, 122 reducing their positions, and 26 closing their positions.
766% more call options, than puts
Call options by funds: $45.4M | Put options by funds: $5.24M
112% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 26
10% more funds holding
Funds holding: 283 → 311 (+28)
9% more capital invested
Capital invested by funds: $3.62B → $3.93B (+$311M)
2.65% less ownership
Funds ownership: 146.46% → 143.81% (-2.7%)
8% less funds holding in top 10
Funds holding in top 10: 12 → 11 (-1)
33% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 122
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$63.8M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$37.6M |
| 3 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$34.4M |
| 4 |
BP
Banbury Partners
Charlotte,
North Carolina
|
+$27.4M |
| 5 |
BlackRock
New York
|
+$18.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$151M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$62.9M |
| 3 |
Millennium Management
New York
|
-$27.9M |
| 4 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$23.8M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$12.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PNC
326
Park National Corp
Newark,
Ohio
| – | -$556K | -9,000 | Closed |
|
|
TFA
327
Toth Financial Advisory
Leesburg,
Virginia
| – | -$407K | -6,600 | Closed |
|
|
PAM
328
Panagora Asset Management
Boston,
Massachusetts
| – | -$386K | -6,250 | Closed |
|
|
BAM
329
Blueshift Asset Management
Red Bank,
New Jersey
| – | -$336K | -5,446 | Closed |
|
330
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$240K | -3,900 | Closed |
|
|
OCG
331
Opus Capital Group
Cincinnati,
Ohio
| – | -$237K | -3,840 | Closed |
|
|
EMG
332
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$235K | -3,800 | Closed |
|
333
Calamos Advisors
Naperville,
Illinois
| – | -$222K | -3,600 | Closed |
|
334
Jane Street
New York
| – | -$203K | -3,288 | Closed |
|
|
WAM
335
World Asset Management
Detroit,
Michigan
| – | -$202K | -3,278 | Closed |
|
CHDN Hedge Fund Activity: Q4 2019 in Review
311 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2019, worth a combined $3.93B — up 8.6% from $3.62B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new CHDN positions and 26 closed out — a net gain of 29 holders — while 82 added to existing stakes and 122 trimmed.
The largest buyer was Janus Henderson Group, adding an estimated $63.8M. The largest seller was PAR Capital Management, cutting an estimated $151M.
- 311 institutional investors held Churchill Downs (CHDN) as of Q4 2019, up from 283 in Q3 2019.
- Funds reported $3.93B of Churchill Downs stock for Q4 2019, up 8.6% quarter-over-quarter.
- 55 funds opened new Churchill Downs positions in Q4 2019 and 26 closed out, a net change of +29 holders.
- The largest Churchill Downs buyer in Q4 2019 was Janus Henderson Group, an estimated $63.8M added.
- The largest Churchill Downs seller in Q4 2019 was PAR Capital Management, an estimated $151M sold.
Based on aggregated 13F filings for Q4 2019.