Churchill Downs
CHDN
271 hedge funds and large institutions have $3.33B invested in Churchill Downs in 2019 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 79 increasing their positions, 97 reducing their positions, and 31 closing their positions.
58% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 31
25% more capital invested
Capital invested by funds: $2.66B → $3.33B (+$676M)
4% more funds holding
Funds holding: 260 → 271 (+11)
1.85% less ownership
Funds ownership: 145.95% → 144.1% (-1.8%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
19% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 97
25% less call options, than puts
Call options by funds: $2.53M | Put options by funds: $3.36M
Top Buyers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$93.9M |
| 2 |
NC
Nitorum Capital
New York
|
+$75.8M |
| 3 |
Millennium Management
New York
|
+$37.4M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$19.8M |
| 5 |
Renaissance Technologies
New York
|
+$8.41M |
Top Sellers
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$54.1M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$31.1M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$28.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$24.2M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$15M |
CHDN Hedge Fund Activity: Q2 2019 in Review
271 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2019, worth a combined $3.33B — up 25% from $2.66B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CHDN positions and 31 closed out — a net gain of 18 holders — while 79 added to existing stakes and 97 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $93.9M. The largest seller was Balyasny Asset Management, cutting an estimated $54.1M.
- 271 institutional investors held Churchill Downs (CHDN) as of Q2 2019, up from 260 in Q1 2019.
- Funds reported $3.33B of Churchill Downs stock for Q2 2019, up 25% quarter-over-quarter.
- 49 funds opened new Churchill Downs positions in Q2 2019 and 31 closed out, a net change of +18 holders.
- The largest Churchill Downs buyer in Q2 2019 was Fidelity Investments, an estimated $93.9M added.
- The largest Churchill Downs seller in Q2 2019 was Balyasny Asset Management, an estimated $54.1M sold.
Based on aggregated 13F filings for Q2 2019.