Churchill Downs
CHDN
225 hedge funds and large institutions have $2.38B invested in Churchill Downs in 2018 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 57 increasing their positions, 102 reducing their positions, and 22 closing their positions.
59% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 22
4% more funds holding
Funds holding: 217 → 225 (+8)
5.37% less ownership
Funds ownership: 439.82% → 434.45% (-5.4%)
9% less capital invested
Capital invested by funds: $2.63B → $2.38B (-$248M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
40% less call options, than puts
Call options by funds: $8.08M | Put options by funds: $13.5M
44% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 102
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$49.8M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$21.8M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$15.4M |
| 4 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$15M |
| 5 |
Bank of New York Mellon
New York
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
-$135M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$41.9M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$41.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$26.9M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$26.4M |
CHDN Hedge Fund Activity: Q1 2018 in Review
225 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q1 2018, worth a combined $2.38B — down 9.4% from $2.63B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new CHDN positions and 22 closed out — a net gain of 13 holders — while 57 added to existing stakes and 102 trimmed.
The largest buyer was Ameriprise, adding an estimated $49.8M. The largest seller was Three Bays Capital, cutting an estimated $135M.
- 225 institutional investors held Churchill Downs (CHDN) as of Q1 2018, up from 217 in Q4 2017.
- Funds reported $2.38B of Churchill Downs stock for Q1 2018, down 9.4% quarter-over-quarter.
- 35 funds opened new Churchill Downs positions in Q1 2018 and 22 closed out, a net change of +13 holders.
- The largest Churchill Downs buyer in Q1 2018 was Ameriprise, an estimated $49.8M added.
- The largest Churchill Downs seller in Q1 2018 was Three Bays Capital, an estimated $135M sold.
Based on aggregated 13F filings for Q1 2018.