Churchill Downs
CHDN
171 hedge funds and large institutions have $1.71B invested in Churchill Downs in 2016 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 70 increasing their positions, 60 reducing their positions, and 17 closing their positions.
411.1% more ownership
Funds ownership: 0% → 411.1% (+411%)
65% more call options, than puts
Call options by funds: $4.06M | Put options by funds: $2.47M
17% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 60
12% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 17
1% more funds holding
Funds holding: 170 → 171 (+1)
0% more capital invested
Capital invested by funds: $1.71B → $1.71B (+$3.55M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$56.5M |
| 2 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
+$30.6M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$10.7M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$9.77M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$8.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$88.7M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$61.3M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$19.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$13.5M |
| 5 |
Goldman Sachs
New York
|
-$8.74M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PRCM
176
Pine River Capital Management
Minnetonka,
Minnesota
| – | -$738K | -30,246 | Closed |
|
|
HCM
177
Highbridge Capital Management
New York
| – | -$495K | -20,316 | Closed |
|
178
Squarepoint
New York
| – | -$293K | -12,000 | Closed |
|
|
DTL
179
Dynamic Technology Lab
Singapore
| – | -$279K | -11,424 | Closed |
|
|
VKH
180
Virtu KCG Holdings
New York
| – | -$263K | -10,788 | Closed |
|
181
Tudor Investment Corp
Stamford,
Connecticut
| – | -$242K | -9,930 | Closed |
|
|
MF
182
Magnetar Financial
Evanston,
Illinois
| – | -$212K | -8,676 | Closed |
|
183
Teacher Retirement System of Texas
Austin,
Texas
| – | -$211K | -8,664 | Closed |
|
184
Verition Fund Management
Greenwich,
Connecticut
| – | -$209K | -8,568 | Closed |
|
|
GVT
185
Genesee Valley Trust
Pittsford,
New York
| – | -$200K | -8,208 | Closed |
|
|
AIM
186
Acrospire Investment Management
Chicago,
Illinois
| – | -$44K | -1,800 | Closed |
|
|
PCM
187
Prelude Capital Management
New York
| – | -$44K | -1,800 | Closed |
|
|
MWP
188
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| – | -$37K | -1,500 | Closed |
|
CHDN Hedge Fund Activity: Q4 2016 in Review
171 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2016, worth a combined $1.71B — up 0.21% from $1.71B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CHDN positions and 17 closed out — a net gain of 2 holders — while 70 added to existing stakes and 60 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $56.5M. The largest seller was PAR Capital Management, cutting an estimated $88.7M.
- 171 institutional investors held Churchill Downs (CHDN) as of Q4 2016, up from 170 in Q3 2016.
- Funds reported $1.71B of Churchill Downs stock for Q4 2016, up 0.21% quarter-over-quarter.
- 19 funds opened new Churchill Downs positions in Q4 2016 and 17 closed out, a net change of +2 holders.
- The largest Churchill Downs buyer in Q4 2016 was Fidelity Investments, an estimated $56.5M added.
- The largest Churchill Downs seller in Q4 2016 was PAR Capital Management, an estimated $88.7M sold.
Based on aggregated 13F filings for Q4 2016.