Churchill Downs
CHDN
134 hedge funds and large institutions have $1.49B invested in Churchill Downs in 2015 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 48 increasing their positions, 43 reducing their positions, and 14 closing their positions.
57% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 14
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
12% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 43
9% more capital invested
Capital invested by funds: $1.37B → $1.49B (+$128M)
6% more funds holding
Funds holding: 127 → 134 (+7)
19% less call options, than puts
Call options by funds: $3.38M | Put options by funds: $4.18M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$33.3M |
| 2 |
GAM
Gotham Asset Management
New York
|
+$17M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$8.83M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$6.62M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$5.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$22.7M |
| 2 |
CCM
Clovis Capital Management
New York
|
-$20.3M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$9.05M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$8.91M |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$7.5M |
CHDN Hedge Fund Activity: Q3 2015 in Review
134 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2015, worth a combined $1.49B — up 9.4% from $1.37B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new CHDN positions and 14 closed out — a net gain of 8 holders — while 48 added to existing stakes and 43 trimmed.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $33.3M. The largest seller was Wellington Management Group, cutting an estimated $22.7M.
- 134 institutional investors held Churchill Downs (CHDN) as of Q3 2015, up from 127 in Q2 2015.
- Funds reported $1.49B of Churchill Downs stock for Q3 2015, up 9.4% quarter-over-quarter.
- 22 funds opened new Churchill Downs positions in Q3 2015 and 14 closed out, a net change of +8 holders.
- The largest Churchill Downs buyer in Q3 2015 was HG Vora Capital Management, an estimated $33.3M added.
- The largest Churchill Downs seller in Q3 2015 was Wellington Management Group, an estimated $22.7M sold.
Based on aggregated 13F filings for Q3 2015.