Churchill Downs
CHDN
103 hedge funds and large institutions have $896M invested in Churchill Downs in 2013 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 35 increasing their positions, 36 reducing their positions, and 9 closing their positions.
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
7% more funds holding
Funds holding: 96 → 103 (+7)
4% more capital invested
Capital invested by funds: $858M → $896M (+$37.9M)
3% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 36
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $897K
Top Buyers
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$13.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$7.34M |
| 3 |
SFM
Soros Fund Management
New York
|
+$4.36M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
+$3.44M |
| 5 |
ESBC
E.S. Barr & Co
Lexington,
Kentucky
|
+$2.77M |
Top Sellers
| 1 |
FIG
Fortress Investment Group
New York
|
-$15.1M |
| 2 |
ACM
Addison Clark Management
Stamford,
Connecticut
|
-$4.45M |
| 3 |
Goldman Sachs
New York
|
-$3.89M |
| 4 |
RA
Royce & Associates
New York
|
-$2.67M |
| 5 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
-$1.96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Ameriprise
Minneapolis,
Minnesota
| $7K | -$80.3K | -5,532 | -92% |
|
102
Creative Planning
Overland Park,
Kansas
| $4K | +$4.01K | +276 | New |
|
103
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $948 | +$42.4K | +2,922 | +5% |
|
|
FIG
104
Fortress Investment Group
New York
| – | -$15.1M | -1,043,736 | Closed |
|
|
ACM
105
Addison Clark Management
Stamford,
Connecticut
| – | -$4.45M | -308,274 | Closed |
|
106
ProShare Advisors
Bethesda,
Maryland
| – | -$752K | -52,116 | Closed |
|
|
RFC
107
Russell Frank Company
Seattle,
Washington
| – | -$414K | -28,686 | Closed |
|
|
EMG
108
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$260K | -18,000 | Closed |
|
|
SKK
109
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$259K | -17,946 | Closed |
|
110
SG Americas Securities
New York
| – | -$181K | -12,552 | Closed |
|
|
TRCT
111
Tower Research Capital (TRC)
New York
| – | -$76K | -5,232 | Closed |
|
112
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$5K | -318 | Closed |
|
CHDN Hedge Fund Activity: Q4 2013 in Review
103 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2013, worth a combined $896M — up 4.4% from $858M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new CHDN positions and 9 closed out — a net gain of 7 holders — while 35 added to existing stakes and 36 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $13.5M. The largest seller was Fortress Investment Group, exiting entirely with an estimated $15.1M sold.
- 103 institutional investors held Churchill Downs (CHDN) as of Q4 2013, up from 96 in Q3 2013.
- Funds reported $896M of Churchill Downs stock for Q4 2013, up 4.4% quarter-over-quarter.
- 16 funds opened new Churchill Downs positions in Q4 2013 and 9 closed out, a net change of +7 holders.
- The largest Churchill Downs buyer in Q4 2013 was Balyasny Asset Management, an estimated $13.5M added.
- The largest Churchill Downs seller in Q4 2013 was Fortress Investment Group, an estimated $15.1M sold.
Based on aggregated 13F filings for Q4 2013.