Churchill Downs
CHDN
394 hedge funds and large institutions have $7.72B invested in Churchill Downs in 2023 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 105 increasing their positions, 150 reducing their positions, and 32 closing their positions.
387% more call options, than puts
Call options by funds: $11.4M | Put options by funds: $2.34M
131% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 32
12% more funds holding
Funds holding: 353 → 394 (+41)
4% more capital invested
Capital invested by funds: $7.41B → $7.72B (+$315M)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
30% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 150
79.97% less ownership
Funds ownership: 154.08% → 74.12% (-80%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$47.6M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$37.7M |
| 3 |
Jennison Associates
New York
|
+$36.1M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
+$18.3M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$16.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$314M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$55.7M |
| 3 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
-$42.8M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
-$31.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$30M |
CHDN Hedge Fund Activity: Q2 2023 in Review
394 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2023, worth a combined $7.72B — up 4.3% from $7.41B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new CHDN positions and 32 closed out — a net gain of 42 holders — while 105 added to existing stakes and 150 trimmed.
The largest buyer was Millennium Management, adding an estimated $47.6M. The largest seller was Fidelity Investments, cutting an estimated $314M.
- 394 institutional investors held Churchill Downs (CHDN) as of Q2 2023, up from 353 in Q1 2023.
- Funds reported $7.72B of Churchill Downs stock for Q2 2023, up 4.3% quarter-over-quarter.
- 74 funds opened new Churchill Downs positions in Q2 2023 and 32 closed out, a net change of +42 holders.
- The largest Churchill Downs buyer in Q2 2023 was Millennium Management, an estimated $47.6M added.
- The largest Churchill Downs seller in Q2 2023 was Fidelity Investments, an estimated $314M sold.
Based on aggregated 13F filings for Q2 2023.