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Churchill Downs
CHDN

111 hedge funds and large institutions have $1.03B invested in Churchill Downs in 2014 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 32 increasing their positions, 37 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

64% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 14

8% more funds holding

Funds holding: 103 → 111 (+8)

6% more capital invested

Capital invested by funds: $972M → $1.03B (+$57.8M)

2% more call options, than puts

Call options by funds: $1.14M | Put options by funds: $1.11M

14% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 37

Holders
111
Holders Change
+8
Holders Change %
+7.77%
% of All Funds
2.96%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.11%
New
23
Increased
32
Reduced
37
Closed
14
Calls
$1.14M
Puts
$1.11M
Net Calls
+$20K
Net Calls Change
+$3.23M

Top Buyers

1
CCM
Clovis Capital Management
New York
+$13.4M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$9.93M
3
Two Sigma Advisers
Two Sigma Advisers
New York
+$8.56M
4
RCMC
RK Capital Management (Colorado)
Colorado
+$8.18M
5
Two Sigma Investments
Two Sigma Investments
New York
+$6.48M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$30.8M
2
SFM
Soros Fund Management
New York
-$17.1M
3
RAM
RWC Asset Management
United Kingdom
-$11.4M
4
GI
GAMCO Investors
Connecticut
-$10M
5
RCM
Raptor Capital Management
Massachusetts
-$9.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
Renaissance Technologies
26
Renaissance Technologies
New York
$7.11M +$4.37M +268,800 +150%
TA
27
Teton Advisors
New York
$7.01M -$78K -4,800 -1%
Two Sigma Investments
28
Two Sigma Investments
New York
$6.33M +$6.48M +398,382 New
CCM
29
Copeland Capital Management
Pennsylvania
$6.11M +$6.09M +374,862 +3,752%
RFC
30
Russell Frank Company
Washington
$5.46M -$1M -61,668 -15%
TCIM
31
TIAA CREF Investment Management
New York
$4.76M -$332K -20,448 -6%
MCP
32
Moab Capital Partners
New York
$4.45M +$2.28M +140,400 +100%
JP Morgan Chase
33
JP Morgan Chase
New York
$4.36M +$3.29M +202,530 +282%
BPIM
34
Brant Point Investment Management
New York
$4.33M +$585K +36,000 +15%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$4.28M +$7.12K +438 +0.2%
Charles Schwab
36
Charles Schwab
California
$3.85M +$117K +7,188 +3%
BIM
37
BlackRock Investment Management
Delaware
$3.64M -$14.9K -918 -0.4%
TSW
38
Thompson Siegel & Walmsley
Virginia
$3.36M -$4.19K -258 -0.1%
PL
39
Parthenon LLC
Kentucky
$3.07M – – –
D.E. Shaw & Co
40
D.E. Shaw & Co
New York
$2.6M -$1.36M -83,940 -34%
California Public Employees Retirement System
41
California Public Employees Retirement System
California
$2.59M -$36.2K -2,226 -1%
USAA
42
United Services Automobile Association
Texas
$2.55M – – –
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$2.37M +$10.3K +636 +0.4%
Deutsche Bank
44
Deutsche Bank
Germany
$2.34M +$1.68M +103,446 +236%
AllianceBernstein
45
AllianceBernstein
Tennessee
$2.27M – – –
HCM
46
Highbridge Capital Management
New York
$2.27M +$2.32M +142,956 New
UMA
47
USA Mutuals Advisors
Texas
$2.19M – – –
ESBC
48
E.S. Barr & Co
Kentucky
$2.15M -$195K -12,000 -8%
MHI
49
Miller Howard Investments
New York
$1.91M +$1.95M +120,000 New
TA
50
Teachers Advisors
New York
$1.8M – – –
1
2
3 4 5

CHDN Hedge Fund Activity: Q4 2014 in Review

111 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2014, worth a combined $1.03B — up 5.9% from $972M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new CHDN positions and 14 closed out — a net gain of 9 holders — while 32 added to existing stakes and 37 trimmed.

The largest buyer was Clovis Capital Management, opening a new position worth an estimated $13.4M. The largest seller was Wellington Management Group, cutting an estimated $30.8M.

  • 111 institutional investors held Churchill Downs (CHDN) as of Q4 2014, up from 103 in Q3 2014.
  • Funds reported $1.03B of Churchill Downs stock for Q4 2014, up 5.9% quarter-over-quarter.
  • 23 funds opened new Churchill Downs positions in Q4 2014 and 14 closed out, a net change of +9 holders.
  • The largest Churchill Downs buyer in Q4 2014 was Clovis Capital Management, an estimated $13.4M added.
  • The largest Churchill Downs seller in Q4 2014 was Wellington Management Group, an estimated $30.8M sold.

Based on aggregated 13F filings for Q4 2014.