Churchill Downs
CHDN
106 hedge funds and large institutions have $903M invested in Churchill Downs in 2014 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 27 increasing their positions, 39 reducing their positions, and 4 closing their positions.
400% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 4
18% more funds holding
Funds holding: 90 → 106 (+16)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $912M → $903M (-$8.96M)
31% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 39
89% less call options, than puts
Call options by funds: $288K | Put options by funds: $2.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$26.2M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$12.2M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$10.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.74M |
| 5 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$2.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$20M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$16.2M |
| 3 |
RA
Royce & Associates
New York
|
-$11.2M |
| 4 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
-$6.23M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$4.15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Citigroup
New York
| $15K | -$183K | -12,510 | -93% |
|
102
Ameriprise
Minneapolis,
Minnesota
| $15K | -$438 | -30 | -3% |
|
|
GSC
103
Ground Swell Capital
Folly Beach,
South Carolina
| $6K | +$5.87K | +402 | New |
|
104
BNP Paribas Financial Markets
Paris,
France
| $5.05K | +$4.9K | +336 | New |
|
105
Creative Planning
Overland Park,
Kansas
| $4K | – | – | – |
|
|
106
Fidelity International
Hamilton,
Bermuda
| – | -$16.2M | -1,064,286 | Closed |
|
|
AAM
107
ACK Asset Management
Greenwich,
Connecticut
| – | -$6.23M | -409,200 | Closed |
|
108
Allianz Asset Management
Munich,
Germany
| – | -$745K | -48,936 | Closed |
|
109
KBC Group
Brussels,
Belgium
| – | -$77K | -5,088 | Closed |
|
|
NFG
110
Next Financial Group
Houston,
Texas
| – | +$438 | +30 | New |
|
CHDN Hedge Fund Activity: Q2 2014 in Review
106 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2014, worth a combined $903M — down 0.98% from $912M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CHDN positions and 4 closed out — a net gain of 16 holders — while 27 added to existing stakes and 39 trimmed.
The largest buyer was Granahan Investment Management, opening a new position worth an estimated $26.2M. The largest seller was Eagle Asset Management, cutting an estimated $20M.
- 106 institutional investors held Churchill Downs (CHDN) as of Q2 2014, up from 90 in Q1 2014.
- Funds reported $903M of Churchill Downs stock for Q2 2014, down 0.98% quarter-over-quarter.
- 20 funds opened new Churchill Downs positions in Q2 2014 and 4 closed out, a net change of +16 holders.
- The largest Churchill Downs buyer in Q2 2014 was Granahan Investment Management, an estimated $26.2M added.
- The largest Churchill Downs seller in Q2 2014 was Eagle Asset Management, an estimated $20M sold.
Based on aggregated 13F filings for Q2 2014.