Churchill Downs
CHDN
127 hedge funds and large institutions have $1.37B invested in Churchill Downs in 2015 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 48 reducing their positions, and 8 closing their positions.
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
9% more funds holding
Funds holding: 116 → 127 (+11)
9% more capital invested
Capital invested by funds: $1.25B → $1.37B (+$114M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
10% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 48
28% less call options, than puts
Call options by funds: $2.3M | Put options by funds: $3.18M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$9.54M |
| 2 |
RAM
RWC Asset Management
London,
United Kingdom
|
+$9.32M |
| 3 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
+$6.51M |
| 4 |
CCM
Clovis Capital Management
New York
|
+$6.06M |
| 5 |
CCM
Copeland Capital Management
Conshohocken,
Pennsylvania
|
+$4.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$8.72M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$8.42M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.73M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$6.31M |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$4.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCMT
126
Highland Capital Management (Tennessee)
Memphis,
Tennessee
| $1K | +$1.21K | +60 | New |
|
|
N
127
Nuveen
Charlotte,
North Carolina
| $950 | -$5.69K | -282 | -0.6% |
|
|
ACM
128
Altimeter Capital Management
Boston,
Massachusetts
| – | -$1.53M | -79,806 | Closed |
|
|
PRCM
129
Pine River Capital Management
Minnetonka,
Minnesota
| – | -$1.51M | -78,642 | Closed |
|
|
PCM
130
Price Capital Management
Lafayette,
Louisiana
| – | -$732K | -38,190 | Closed |
|
131
Millennium Management
New York
| – | -$529K | -27,624 | Closed |
|
|
UOC
132
UBS O'Connor
Chicago,
Illinois
| – | -$447K | -23,346 | Closed |
|
|
TI
133
Trexquant Investment
Stamford,
Connecticut
| – | -$298K | -15,600 | Closed |
|
134
Creative Planning
Overland Park,
Kansas
| – | -$5K | -276 | Closed |
|
135
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$2K | -84 | Closed |
|
CHDN Hedge Fund Activity: Q2 2015 in Review
127 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2015, worth a combined $1.37B — up 9.1% from $1.25B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CHDN positions and 8 closed out — a net gain of 12 holders — while 43 added to existing stakes and 48 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $9.54M. The largest seller was Fir Tree Capital Management, cutting an estimated $8.72M.
- 127 institutional investors held Churchill Downs (CHDN) as of Q2 2015, up from 116 in Q1 2015.
- Funds reported $1.37B of Churchill Downs stock for Q2 2015, up 9.1% quarter-over-quarter.
- 20 funds opened new Churchill Downs positions in Q2 2015 and 8 closed out, a net change of +12 holders.
- The largest Churchill Downs buyer in Q2 2015 was Balyasny Asset Management, an estimated $9.54M added.
- The largest Churchill Downs seller in Q2 2015 was Fir Tree Capital Management, an estimated $8.72M sold.
Based on aggregated 13F filings for Q2 2015.