Churchill Downs
CHDN
351 hedge funds and large institutions have $6.57B invested in Churchill Downs in 2023 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 100 increasing their positions, 136 reducing their positions, and 77 closing their positions.
1.5% more ownership
Funds ownership: 74.12% → 75.62% (+1.5%)
11% less funds holding
Funds holding: 394 → 351 (-43)
15% less capital invested
Capital invested by funds: $7.72B → $6.57B (-$1.15B)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
26% less repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 136
50% less call options, than puts
Call options by funds: $4.8M | Put options by funds: $9.7M
53% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 77
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$278M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$98.4M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$50.6M |
| 4 |
CGPCS
Capital Group Private Client Services
Los Angeles,
California
|
+$20M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$44.2M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$38.6M |
| 3 |
Millennium Management
New York
|
-$38.1M |
| 4 |
D.E. Shaw & Co
New York
|
-$30.2M |
| 5 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$25.7M |
CHDN Hedge Fund Activity: Q3 2023 in Review
351 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2023, worth a combined $6.57B — down 15% from $7.72B a quarter earlier.
Sellers outnumbered buyers: 77 funds closed out of CHDN and 36 opened new positions — a net loss of 41 holders — while 136 trimmed existing stakes and 100 added.
The largest buyer was Capital International Investors, opening a new position worth an estimated $278M. The largest seller was Fidelity Investments, cutting an estimated $44.2M.
- 351 institutional investors held Churchill Downs (CHDN) as of Q3 2023, down from 394 in Q2 2023.
- Funds reported $6.57B of Churchill Downs stock for Q3 2023, down 15% quarter-over-quarter.
- 36 funds opened new Churchill Downs positions in Q3 2023 and 77 closed out, a net change of -41 holders.
- The largest Churchill Downs buyer in Q3 2023 was Capital International Investors, an estimated $278M added.
- The largest Churchill Downs seller in Q3 2023 was Fidelity Investments, an estimated $44.2M sold.
Based on aggregated 13F filings for Q3 2023.