Churchill Downs
CHDN
381 hedge funds and large institutions have $7.06B invested in Churchill Downs in 2024 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 138 increasing their positions, 117 reducing their positions, and 37 closing their positions.
38% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 37
18% more repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 117
3% more funds holding
Funds holding: 370 → 381 (+11)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
0.59% less ownership
Funds ownership: 77.92% → 77.33% (-0.59%)
10% less capital invested
Capital invested by funds: $7.84B → $7.06B (-$788M)
70% less call options, than puts
Call options by funds: $8.09M | Put options by funds: $26.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$73.9M |
| 2 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
+$28.2M |
| 3 |
Millennium Management
New York
|
+$26.4M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$21.5M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$20.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$143M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$83.9M |
| 3 |
Morgan Stanley
New York
|
-$63.3M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$56.8M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$31.7M |
CHDN Hedge Fund Activity: Q1 2024 in Review
381 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q1 2024, worth a combined $7.06B — down 10% from $7.84B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new CHDN positions and 37 closed out — a net gain of 14 holders — while 138 added to existing stakes and 117 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $73.9M. The largest seller was Fidelity Investments, cutting an estimated $143M.
- 381 institutional investors held Churchill Downs (CHDN) as of Q1 2024, up from 370 in Q4 2023.
- Funds reported $7.06B of Churchill Downs stock for Q1 2024, down 10% quarter-over-quarter.
- 51 funds opened new Churchill Downs positions in Q1 2024 and 37 closed out, a net change of +14 holders.
- The largest Churchill Downs buyer in Q1 2024 was Citadel Advisors, an estimated $73.9M added.
- The largest Churchill Downs seller in Q1 2024 was Fidelity Investments, an estimated $143M sold.
Based on aggregated 13F filings for Q1 2024.