Churchill Downs
CHDN
310 hedge funds and large institutions have $4.75B invested in Churchill Downs in 2020 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 84 increasing their positions, 122 reducing their positions, and 25 closing their positions.
391% more call options, than puts
Call options by funds: $60.7M | Put options by funds: $12.4M
100% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 25
20% more capital invested
Capital invested by funds: $3.96B → $4.75B (+$788M)
8% more funds holding
Funds holding: 286 → 310 (+24)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
2.93% less ownership
Funds ownership: 150.8% → 147.87% (-2.9%)
31% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 122
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$30.7M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$24.8M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
+$17M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$16.6M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$39.6M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$23.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$21.5M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$20.4M |
| 5 |
Millennium Management
New York
|
-$17.8M |
CHDN Hedge Fund Activity: Q3 2020 in Review
310 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2020, worth a combined $4.75B — up 20% from $3.96B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new CHDN positions and 25 closed out — a net gain of 25 holders — while 84 added to existing stakes and 122 trimmed.
The largest buyer was Artemis Investment Management, adding an estimated $30.7M. The largest seller was BlackRock, cutting an estimated $39.6M.
- 310 institutional investors held Churchill Downs (CHDN) as of Q3 2020, up from 286 in Q2 2020.
- Funds reported $4.75B of Churchill Downs stock for Q3 2020, up 20% quarter-over-quarter.
- 50 funds opened new Churchill Downs positions in Q3 2020 and 25 closed out, a net change of +25 holders.
- The largest Churchill Downs buyer in Q3 2020 was Artemis Investment Management, an estimated $30.7M added.
- The largest Churchill Downs seller in Q3 2020 was BlackRock, an estimated $39.6M sold.
Based on aggregated 13F filings for Q3 2020.