Churchill Downs
CHDN
450 hedge funds and large institutions have $7.64B invested in Churchill Downs in 2024 Q3 according to their latest regulatory filings, with 74 funds opening new positions, 177 increasing their positions, 122 reducing their positions, and 41 closing their positions.
158% more call options, than puts
Call options by funds: $79.5M | Put options by funds: $30.8M
80% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 41
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
45% more repeat investments, than reductions
Existing positions increased: 177 | Existing positions reduced: 122
7% more funds holding
Funds holding: 420 → 450 (+30)
0.36% less ownership
Funds ownership: 77.51% → 77.16% (-0.36%)
4% less capital invested
Capital invested by funds: $7.95B → $7.64B (-$313M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$66.8M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$57.1M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
+$52.8M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
+$23.3M |
| 5 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$18.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$251M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$53.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$48.4M |
| 4 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$26.4M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$19.2M |
CHDN Hedge Fund Activity: Q3 2024 in Review
450 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2024, worth a combined $7.64B — down 3.9% from $7.95B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new CHDN positions and 41 closed out — a net gain of 33 holders — while 177 added to existing stakes and 122 trimmed.
The largest buyer was BlackRock, adding an estimated $66.8M. The largest seller was Capital Research Global Investors, cutting an estimated $251M.
- 450 institutional investors held Churchill Downs (CHDN) as of Q3 2024, up from 420 in Q2 2024.
- Funds reported $7.64B of Churchill Downs stock for Q3 2024, down 3.9% quarter-over-quarter.
- 74 funds opened new Churchill Downs positions in Q3 2024 and 41 closed out, a net change of +33 holders.
- The largest Churchill Downs buyer in Q3 2024 was BlackRock, an estimated $66.8M added.
- The largest Churchill Downs seller in Q3 2024 was Capital Research Global Investors, an estimated $251M sold.
Based on aggregated 13F filings for Q3 2024.