Churchill Downs
CHDN
96 hedge funds and large institutions have $858M invested in Churchill Downs in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 45 increasing their positions, 33 reducing their positions, and 16 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 33
12% more capital invested
Capital invested by funds: $767M → $858M (+$91.1M)
9% less funds holding
Funds holding: 106 → 96 (-10)
50% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 16
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.73M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$16.4M |
| 2 |
SFM
Soros Fund Management
New York
|
+$4.32M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.91M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.73M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$3.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$20.9M |
| 2 |
ACM
Addison Clark Management
Stamford,
Connecticut
|
-$8.83M |
| 3 |
RCM
Raptor Capital Management
Boston,
Massachusetts
|
-$5.95M |
| 4 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
-$4.67M |
| 5 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$3.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$424K | -32,268 | Closed |
|
|
GAM
102
Gotham Asset Management
New York
| – | -$393K | -29,934 | Closed |
|
|
OSAM
103
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$327K | -24,888 | Closed |
|
104
Jane Street
New York
| – | -$308K | -23,442 | Closed |
|
|
ZCM
105
Zebra Capital Management
Stamford,
Connecticut
| – | -$230K | -17,478 | Closed |
|
|
T
106
TradeWorx
Red Bank,
New Jersey
| – | -$202K | -15,348 | Closed |
|
107
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$64K | -4,884 | Closed |
|
108
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$47K | -3,600 | Closed |
|
|
FHB
109
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$47K | -3,546 | Closed |
|
|
PAM
110
Panagora Asset Management
Boston,
Massachusetts
| – | -$41K | -3,096 | Closed |
|
111
Jones Financial Companies
Des Peres,
Missouri
| – | -$16K | -1,188 | Closed |
|
112
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$9K | -672 | Closed |
|
CHDN Hedge Fund Activity: Q3 2013 in Review
96 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2013, worth a combined $858M — up 12% from $767M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of CHDN and 8 opened new positions — a net loss of 8 holders — while 33 trimmed existing stakes and 45 added.
The largest buyer was Eagle Asset Management, adding an estimated $16.4M. The largest seller was Northern Trust, cutting an estimated $20.9M.
- 96 institutional investors held Churchill Downs (CHDN) as of Q3 2013, down from 106 in Q2 2013.
- Funds reported $858M of Churchill Downs stock for Q3 2013, up 12% quarter-over-quarter.
- 8 funds opened new Churchill Downs positions in Q3 2013 and 16 closed out, a net change of -8 holders.
- The largest Churchill Downs buyer in Q3 2013 was Eagle Asset Management, an estimated $16.4M added.
- The largest Churchill Downs seller in Q3 2013 was Northern Trust, an estimated $20.9M sold.
Based on aggregated 13F filings for Q3 2013.