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Churchill Downs
CHDN

190 hedge funds and large institutions have $2.34B invested in Churchill Downs in 2017 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 74 increasing their positions, 58 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

146% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 13

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

28% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 58

22.5% more ownership

Funds ownership: 420.21% → 442.71% (+23%)

11% more funds holding

Funds holding: 171 → 190 (+19)

11% more capital invested

Capital invested by funds: $2.12B → $2.34B (+$228M)

41% less call options, than puts

Call options by funds: $4.39M | Put options by funds: $7.42M

Holders
190
Holders Change
+19
Holders Change %
+11.11%
% of All Funds
4.74%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
32
Increased
74
Reduced
58
Closed
13
Calls
$4.39M
Puts
$7.42M
Net Calls
-$3.03M
Net Calls Change
-$4.73M

Top Buyers

1
SAM
Scopus Asset Management
New York
+$19.6M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$16M
3
Victory Capital Management
Victory Capital Management
Texas
+$9.09M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$8.36M
5
CF
Cypress Funds
California
+$7.78M

Top Sellers

1
TBC
Three Bays Capital
Massachusetts
-$55.2M
2
SFM
Soros Fund Management
New York
-$33.5M
3
American Century Companies
American Century Companies
Missouri
-$15.4M
4
GI
GAMCO Investors
Connecticut
-$9.1M
5
GF
Gabelli Funds
New York
-$8.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bessemer Group
76
Bessemer Group
New Jersey
$3.25M -$193K -6,036 -6%
New York State Common Retirement Fund
77
New York State Common Retirement Fund
New York
$3.05M – – –
ZIM
78
Zacks Investment Management
Illinois
$3.03M -$63.6K -1,986 -2%
Deutsche Bank
79
Deutsche Bank
Germany
$2.86M -$3.05M -95,262 -53%
CPO
80
Cerity Partners OCIO
New York
$2.82M +$2.63M +82,110 New
First Trust Advisors
81
First Trust Advisors
Illinois
$2.8M +$916K +28,608 +54%
SIM
82
Spark Investment Management
New York
$2.39M +$2.23M +69,600 New
Legal & General Group
83
Legal & General Group
United Kingdom
$2.32M +$231K +7,212 +12%
MOACM
84
Mutual of America Capital Management
New York
$2.17M +$123K +3,852 +6%
HFS
85
HL Financial Services
Kentucky
$2.15M +$3.84K +120 +0.2%
TPSF
86
Texas Permanent School Fund
Texas
$1.95M +$81.1K +2,532 +5%
Prudential Financial
87
Prudential Financial
New Jersey
$1.91M +$77.6K +2,424 +5%
AIP
88
Ameritas Investment Partners
Nebraska
$1.87M +$43.2K +1,350 +2%
Comerica Bank
89
Comerica Bank
Texas
$1.64M +$71.1K +2,220 +5%
KeyBank National Association
90
KeyBank National Association
Ohio
$1.64M +$28.8K +900 +2%
Canada Life
91
Canada Life
Manitoba, Canada
$1.63M +$31.1K +972 +2%
SCM
92
Stevens Capital Management
Pennsylvania
$1.62M +$1.51M +47,100 New
SYBT
93
Stock Yards Bank & Trust
Kentucky
$1.62M -$14.8K -462 -1%
UBS AM
94
UBS AM
Illinois
$1.58M +$247K +7,710 +20%
ASRS
95
Arizona State Retirement System
Arizona
$1.52M +$420K +13,104 +42%
AIM
96
Alambic Investment Management
California
$1.46M +$1.36M +42,360 New
Stifel Financial
97
Stifel Financial
Missouri
$1.42M -$30.5K -954 -2%
Credit Agricole
98
Credit Agricole
France
$1.4M -$6.76M -211,200 -84%
VOYA Investment Management
99
VOYA Investment Management
Georgia
$1.33M – – –
MSA
100
Mason Street Advisors
Wisconsin
$1.32M +$73.8K +2,304 +6%
2 3
4
5 6

CHDN Hedge Fund Activity: Q3 2017 in Review

190 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2017, worth a combined $2.34B — up 11% from $2.12B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new CHDN positions and 13 closed out — a net gain of 19 holders — while 74 added to existing stakes and 58 trimmed.

The largest buyer was Scopus Asset Management, adding an estimated $19.6M. The largest seller was Three Bays Capital, cutting an estimated $55.2M.

  • 190 institutional investors held Churchill Downs (CHDN) as of Q3 2017, up from 171 in Q2 2017.
  • Funds reported $2.34B of Churchill Downs stock for Q3 2017, up 11% quarter-over-quarter.
  • 32 funds opened new Churchill Downs positions in Q3 2017 and 13 closed out, a net change of +19 holders.
  • The largest Churchill Downs buyer in Q3 2017 was Scopus Asset Management, an estimated $19.6M added.
  • The largest Churchill Downs seller in Q3 2017 was Three Bays Capital, an estimated $55.2M sold.

Based on aggregated 13F filings for Q3 2017.