Churchill Downs
CHDN
331 hedge funds and large institutions have $5.24B invested in Churchill Downs in 2022 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 118 increasing their positions, 120 reducing their positions, and 29 closing their positions.
244% more call options, than puts
Call options by funds: $15.5M | Put options by funds: $4.52M
2% less repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 120
2.43% less ownership
Funds ownership: 146.54% → 144.12% (-2.4%)
3% less funds holding
Funds holding: 340 → 331 (-9)
10% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 29
15% less capital invested
Capital invested by funds: $6.15B → $5.24B (-$910M)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$40.7M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$23.9M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$18.3M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$14.1M |
| 5 |
D.E. Shaw & Co
New York
|
+$14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$81.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$49.9M |
| 3 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$31.5M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$17.2M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$14M |
CHDN Hedge Fund Activity: Q2 2022 in Review
331 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2022, worth a combined $5.24B — down 15% from $6.15B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of CHDN and 26 opened new positions — a net loss of 3 holders — while 120 trimmed existing stakes and 118 added.
The largest buyer was Schroder Investment Management Group, adding an estimated $40.7M. The largest seller was BlackRock, cutting an estimated $81.1M.
- 331 institutional investors held Churchill Downs (CHDN) as of Q2 2022, down from 340 in Q1 2022.
- Funds reported $5.24B of Churchill Downs stock for Q2 2022, down 15% quarter-over-quarter.
- 26 funds opened new Churchill Downs positions in Q2 2022 and 29 closed out, a net change of -3 holders.
- The largest Churchill Downs buyer in Q2 2022 was Schroder Investment Management Group, an estimated $40.7M added.
- The largest Churchill Downs seller in Q2 2022 was BlackRock, an estimated $81.1M sold.
Based on aggregated 13F filings for Q2 2022.