Churchill Downs
CHDN
323 hedge funds and large institutions have $5.95B invested in Churchill Downs in 2022 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 102 increasing their positions, 127 reducing their positions, and 37 closing their positions.
90% more call options, than puts
Call options by funds: $6.76M | Put options by funds: $3.55M
16% more capital invested
Capital invested by funds: $5.12B → $5.95B (+$824M)
3.77% more ownership
Funds ownership: 147.47% → 151.24% (+3.8%)
5% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 37
3% less funds holding
Funds holding: 332 → 323 (-9)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
20% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 127
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$335M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$53.7M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$36.8M |
| 4 |
Jennison Associates
New York
|
+$19.5M |
| 5 |
BlackRock
New York
|
+$13.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$63.5M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$56.9M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$21.7M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$21.3M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$20M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
351
Squarepoint
New York
| – | -$216K | -2,346 | Closed |
|
|
FHB
352
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$213K | -2,308 | Closed |
|
353
Allspring Global Investments
Charlotte,
North Carolina
| – | -$102K | -1,116 | Closed |
|
|
EW
354
Evoke Wealth
Los Angeles,
California
| – | -$33K | -354 | Closed |
|
|
BBHC
355
Brown Brothers Harriman & Co
New York
| – | -$19K | -210 | Closed |
|
|
CBT
356
Central Bank & Trust
Lexington,
Kentucky
| – | -$18K | -200 | Closed |
|
|
CFB
357
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$1K | -16 | Closed |
|
CHDN Hedge Fund Activity: Q4 2022 in Review
323 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2022, worth a combined $5.95B — up 16% from $5.12B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of CHDN and 35 opened new positions — a net loss of 2 holders — while 127 trimmed existing stakes and 102 added.
The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $335M. The largest seller was Fidelity Investments, cutting an estimated $63.5M.
- 323 institutional investors held Churchill Downs (CHDN) as of Q4 2022, down from 332 in Q3 2022.
- Funds reported $5.95B of Churchill Downs stock for Q4 2022, up 16% quarter-over-quarter.
- 35 funds opened new Churchill Downs positions in Q4 2022 and 37 closed out, a net change of -2 holders.
- The largest Churchill Downs buyer in Q4 2022 was Capital Research Global Investors, an estimated $335M added.
- The largest Churchill Downs seller in Q4 2022 was Fidelity Investments, an estimated $63.5M sold.
Based on aggregated 13F filings for Q4 2022.