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Churchill Downs
CHDN

190 hedge funds and large institutions have $2.34B invested in Churchill Downs in 2017 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 74 increasing their positions, 58 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

146% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 13

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

28% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 58

22.5% more ownership

Funds ownership: 420.21% → 442.71% (+23%)

11% more funds holding

Funds holding: 171 → 190 (+19)

11% more capital invested

Capital invested by funds: $2.12B → $2.34B (+$228M)

41% less call options, than puts

Call options by funds: $4.39M | Put options by funds: $7.42M

Holders
190
Holders Change
+19
Holders Change %
+11.11%
% of All Funds
4.74%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
32
Increased
74
Reduced
58
Closed
13
Calls
$4.39M
Puts
$7.42M
Net Calls
-$3.03M
Net Calls Change
-$4.73M

Top Buyers

1
SAM
Scopus Asset Management
New York
+$19.6M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$16M
3
Victory Capital Management
Victory Capital Management
Texas
+$9.09M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$8.36M
5
CF
Cypress Funds
California
+$7.78M

Top Sellers

1
TBC
Three Bays Capital
Massachusetts
-$55.2M
2
SFM
Soros Fund Management
New York
-$33.5M
3
American Century Companies
American Century Companies
Missouri
-$15.4M
4
GI
GAMCO Investors
Connecticut
-$9.1M
5
GF
Gabelli Funds
New York
-$8.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
William Blair Investment Management
26
William Blair Investment Management
Illinois
$20.1M -$1.59M -49,536 -8%
Northwestern Mutual Wealth Management
27
Northwestern Mutual Wealth Management
Wisconsin
$18.7M -$1.77M -55,146 -9%
American Century Companies
28
American Century Companies
Missouri
$18.1M -$15.4M -482,346 -48%
Balyasny Asset Management
29
Balyasny Asset Management
Illinois
$16.4M +$1.59M +49,788 +12%
Citadel Advisors
30
Citadel Advisors
Florida
$15.7M +$1.26M +39,330 +9%
PNC Financial Services Group
31
PNC Financial Services Group
Pennsylvania
$15.4M +$535K +16,716 +4%
Charles Schwab
32
Charles Schwab
California
$15M +$914K +28,560 +7%
EAM
33
Eagle Asset Management
Florida
$14.5M -$897K -28,032 -6%
SFM
34
Systematic Financial Management
New Jersey
$13.8M -$2.94M -91,734 -19%
Principal Financial Group
35
Principal Financial Group
Iowa
$12.4M +$471K +14,700 +4%
Retirement Systems of Alabama
36
Retirement Systems of Alabama
Alabama
$11.5M +$1.49M +46,572 +16%
RCMC
37
RK Capital Management (Colorado)
Colorado
$11.5M -$307K -9,600 -3%
AL
38
AJO LP
Pennsylvania
$10.3M +$6.66M +208,044 +229%
EA
39
Emerald Advisers
Pennsylvania
$9.93M -$142K -4,440 -2%
Morgan Stanley
40
Morgan Stanley
New York
$9.81M +$2.92M +91,254 +47%
GC
41
Guggenheim Capital
Illinois
$9.33M +$693K +21,654 +9%
D.E. Shaw & Co
42
D.E. Shaw & Co
New York
$8.77M -$1.63M -51,006 -17%
TPCM
43
Three Peaks Capital Management
Colorado
$8.49M -$125K -3,918 -2%
TA
44
Teton Advisors
New York
$7.7M -$1.58M -49,200 -18%
MAM
45
Martingale Asset Management
Massachusetts
$7.65M -$442K -13,800 -6%
Ameriprise
46
Ameriprise
Minnesota
$7.6M +$465K +14,514 +7%
ESBC
47
E.S. Barr & Co
Kentucky
$7.54M – – –
JP Morgan Chase
48
JP Morgan Chase
New York
$7.37M +$2.35M +73,458 +52%
AIG
49
American International Group
New York
$7.33M +$412K +12,864 +6%
TCIM
50
TIAA CREF Investment Management
New York
$7.32M -$173K -5,388 -2%
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CHDN Hedge Fund Activity: Q3 2017 in Review

190 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2017, worth a combined $2.34B — up 11% from $2.12B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new CHDN positions and 13 closed out — a net gain of 19 holders — while 74 added to existing stakes and 58 trimmed.

The largest buyer was Scopus Asset Management, adding an estimated $19.6M. The largest seller was Three Bays Capital, cutting an estimated $55.2M.

  • 190 institutional investors held Churchill Downs (CHDN) as of Q3 2017, up from 171 in Q2 2017.
  • Funds reported $2.34B of Churchill Downs stock for Q3 2017, up 11% quarter-over-quarter.
  • 32 funds opened new Churchill Downs positions in Q3 2017 and 13 closed out, a net change of +19 holders.
  • The largest Churchill Downs buyer in Q3 2017 was Scopus Asset Management, an estimated $19.6M added.
  • The largest Churchill Downs seller in Q3 2017 was Three Bays Capital, an estimated $55.2M sold.

Based on aggregated 13F filings for Q3 2017.