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Churchill Downs
CHDN

96 hedge funds and large institutions have $858M invested in Churchill Downs in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 45 increasing their positions, 33 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 33

12% more capital invested

Capital invested by funds: $767M → $858M (+$91.1M)

9% less funds holding

Funds holding: 106 → 96 (-10)

50% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 16

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $1.73M

Holders
96
Holders Change
-10
Holders Change %
-9.43%
% of All Funds
3.11%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.1%
New
8
Increased
45
Reduced
33
Closed
16
Calls
–
Puts
$1.73M
Net Calls
-$1.73M
Net Calls Change
-$153K

Top Buyers

Rank Fund Capital Flow
1
EAM
Eagle Asset Management
Florida
+$16.4M
2
SFM
Soros Fund Management
New York
+$4.32M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$3.91M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$3.73M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$3.49M

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$20.9M
2
ACM
Addison Clark Management
Connecticut
-$8.83M
3
RCM
Raptor Capital Management
Massachusetts
-$5.95M
4
CCM
Cadence Capital Management
Massachusetts
-$4.67M
5
CWAM
Columbia Wanger Asset Management
Illinois
-$3.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
TSW
26
Thompson Siegel & Walmsley
Virginia
$5.97M -$3.07M -221,550 -35%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$5.3M +$450K +32,430 +10%
BPIM
28
Brant Point Investment Management
New York
$5.19M +$216K +15,600 +5%
TCIM
29
TIAA CREF Investment Management
New York
$4.75M -$47.5K -3,426 -1%
ACM
30
Addison Clark Management
Connecticut
$4.45M -$8.83M -636,384 -67%
Goldman Sachs
31
Goldman Sachs
New York
$4.41M -$188K -13,518 -4%
Morgan Stanley
32
Morgan Stanley
New York
$4.04M +$1.73M +124,920 +80%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$4M -$269K -19,416 -7%
BIM
34
BlackRock Investment Management
Delaware
$3.35M +$228K +16,404 +8%
PL
35
Parthenon LLC
Kentucky
$3M -$225K -16,200 -7%
Charles Schwab
36
Charles Schwab
California
$2.84M +$83.7K +6,036 +3%
Renaissance Technologies
37
Renaissance Technologies
New York
$2.54M +$841K +60,600 +52%
Deutsche Bank
38
Deutsche Bank
Germany
$2.28M +$1.12M +80,556 +104%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$2.23M +$433K +31,200 +25%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$2.14M +$67.1K +4,836 +3%
AllianceBernstein
41
AllianceBernstein
Tennessee
$2.12M +$6.16K +444 +0.3%
Bessemer Group
42
Bessemer Group
New Jersey
$2.06M +$1.98M +142,800 New
UMA
43
USA Mutuals Advisors
Texas
$1.99M – – –
JP Morgan Chase
44
JP Morgan Chase
New York
$1.98M +$183K +13,212 +11%
Millennium Management
45
Millennium Management
New York
$1.63M +$763K +54,978 +95%
TA
46
Teachers Advisors
New York
$1.63M +$83.7K +6,030 +6%
FBT
47
First Bankers Trust
Kentucky
$1.48M -$10.4K -750 -0.7%
Citadel Advisors
48
Citadel Advisors
Florida
$1.46M -$1.03M -74,016 -42%
Two Sigma Advisers
49
Two Sigma Advisers
New York
$1.46M +$356K +25,674 +34%
Two Sigma Investments
50
Two Sigma Investments
New York
$1.35M +$714K +51,468 +122%
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CHDN Hedge Fund Activity: Q3 2013 in Review

96 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2013, worth a combined $858M — up 12% from $767M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of CHDN and 8 opened new positions — a net loss of 8 holders — while 33 trimmed existing stakes and 45 added.

The largest buyer was Eagle Asset Management, adding an estimated $16.4M. The largest seller was Northern Trust, cutting an estimated $20.9M.

  • 96 institutional investors held Churchill Downs (CHDN) as of Q3 2013, down from 106 in Q2 2013.
  • Funds reported $858M of Churchill Downs stock for Q3 2013, up 12% quarter-over-quarter.
  • 8 funds opened new Churchill Downs positions in Q3 2013 and 16 closed out, a net change of -8 holders.
  • The largest Churchill Downs buyer in Q3 2013 was Eagle Asset Management, an estimated $16.4M added.
  • The largest Churchill Downs seller in Q3 2013 was Northern Trust, an estimated $20.9M sold.

Based on aggregated 13F filings for Q3 2013.