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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
CS
51
Credit Suisse
Switzerland
$1.6M +$764K +47,010 +87%
RhumbLine Advisers
52
RhumbLine Advisers
Massachusetts
$1.49M +$9.75K +600 +0.6%
FBT
53
First Bankers Trust
Kentucky
$1.45M -$19.5K -1,200 -1%
Morgan Stanley
54
Morgan Stanley
New York
$1.4M -$1.03M -63,402 -42%
GAM
55
Gotham Asset Management
New York
$1.35M +$1.39M +85,236 New
Swiss National Bank
56
Swiss National Bank
Switzerland
$1.32M – – –
ACM
57
Altimeter Capital Management
Massachusetts
$1.27M – – –
PPA
58
Parametric Portfolio Associates
Washington
$1.25M +$236K +14,502 +22%
GT
59
Glenview Trust
Kentucky
$1.15M +$1.18M +72,528 New
HIP
60
Hatteras Investment Partners
North Carolina
$1.15M -$1.22M -75,276 -51%
KJHP
61
K.J. Harrison & Partners
Ontario, Canada
$1.14M -$19.5K -1,200 -2%
NFA
62
Nationwide Fund Advisors
Ohio
$1.11M -$6.14K -378 -0.5%
Susquehanna International Group
63
Susquehanna International Group
Pennsylvania
$1.04M +$1.07M +65,586 New
ARTA
64
A.R.T. Advisors
New York
$1M +$1.03M +63,156 New
PRCM
65
Pine River Capital Management
Minnesota
$995K – – –
TPCM
66
Three Peaks Capital Management
Colorado
$992K +$118K +7,260 +13%
State Board of Administration of Florida Retirement System
67
State Board of Administration of Florida Retirement System
Florida
$951K -$16.1K -990 -2%
MLICM
68
Metropolitan Life Insurance Company (MetLife)
New York
$946K -$95K -5,844 -9%
Stifel Financial
69
Stifel Financial
Missouri
$869K +$889K +54,708 New
AIG
70
American International Group
New York
$805K -$32.5K -1,998 -4%
Invesco
71
Invesco
Georgia
$736K +$36.5K +2,244 +5%
BA
72
BlackRock Advisors
Delaware
$664K -$30.3K -1,866 -4%
SYBT
73
Stock Yards Bank & Trust
Kentucky
$621K -$91.4K -5,622 -13%
AQR Capital Management
74
AQR Capital Management
Connecticut
$619K +$119K +7,350 +23%
VOYA Investment Management
75
VOYA Investment Management
Georgia
$589K – – –
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.