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Churchill Downs
CHDN

190 hedge funds and large institutions have $2.34B invested in Churchill Downs in 2017 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 74 increasing their positions, 58 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

146% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 13

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

28% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 58

22.5% more ownership

Funds ownership: 420.21% → 442.71% (+23%)

11% more funds holding

Funds holding: 171 → 190 (+19)

11% more capital invested

Capital invested by funds: $2.12B → $2.34B (+$228M)

41% less call options, than puts

Call options by funds: $4.39M | Put options by funds: $7.42M

Holders
190
Holders Change
+19
Holders Change %
+11.11%
% of All Funds
4.74%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
32
Increased
74
Reduced
58
Closed
13
Calls
$4.39M
Puts
$7.42M
Net Calls
-$3.03M
Net Calls Change
-$4.73M

Top Buyers

1
SAM
Scopus Asset Management
New York
+$19.6M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$16M
3
Victory Capital Management
Victory Capital Management
Texas
+$9.09M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$8.36M
5
CF
Cypress Funds
California
+$7.78M

Top Sellers

1
TBC
Three Bays Capital
Massachusetts
-$55.2M
2
SFM
Soros Fund Management
New York
-$33.5M
3
American Century Companies
American Century Companies
Missouri
-$15.4M
4
GI
GAMCO Investors
Connecticut
-$9.1M
5
GF
Gabelli Funds
New York
-$8.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
OC
176
Oakworth Capital
Alabama
$59K – – –
TWA
177
TCI Wealth Advisors
Arizona
$52K – – –
SIC
178
Salem Investment Counselors
North Carolina
$41K – – –
GWM
179
Geneos Wealth Management
Colorado
$23K – – –
Fifth Third Bancorp
180
Fifth Third Bancorp
Ohio
$21K – – –
QT
181
Quantbot Technologies
New York
$20K -$66.1K -2,064 -78%
PCM
182
Prelude Capital Management
New York
$8K +$7.68K +240 New
WCBA
183
Weaver C. Barksdale & Associates
Tennessee
$7K -$960 -30 -13%
Envestnet Asset Management
184
Envestnet Asset Management
Illinois
$5K – – –
WIM
185
Westside Investment Management
California
$3.74K – – –
AG
186
Advisor Group
Arizona
$3K – – –
Carson Wealth (CWM LLC)
187
Carson Wealth (CWM LLC)
Nebraska
$2K – – –
QCG
188
Quadrant Capital Group
Ohio
$2K +$2.11K +66 New
PFGIA
189
Patriot Financial Group Insurance Agency
Massachusetts
$1K +$576 +18 New
C
190
Chescapmanager
Maryland
– -$5.43M -177,750 Closed
Rafferty Asset Management
191
Rafferty Asset Management
New York
– -$2.38M -78,066 Closed
LCM
192
Laurion Capital Management
New York
– -$1.41M -46,098 Closed
CCM
193
Cadence Capital Management
Massachusetts
– -$907K -29,700 Closed
Simplex Trading
194
Simplex Trading
Illinois
– -$716K -23,448 Closed
LP
195
LMR Partners
United Kingdom
– -$436K -14,250 Closed
DTL
196
Dynamic Technology Lab
Singapore
– -$238K -7,770 Closed
QI
197
QS Investors
New York
– -$171K -5,592 Closed
BAM
198
Bruderman Asset Management
New York
– -$161K -5,274 Closed
AIM
199
Acrospire Investment Management
Illinois
– -$64K -2,094 Closed
GT
200
Glenmede Trust
Pennsylvania
– -$15K -600 Closed
5 6 7
8
9

CHDN Hedge Fund Activity: Q3 2017 in Review

190 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2017, worth a combined $2.34B — up 11% from $2.12B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new CHDN positions and 13 closed out — a net gain of 19 holders — while 74 added to existing stakes and 58 trimmed.

The largest buyer was Scopus Asset Management, adding an estimated $19.6M. The largest seller was Three Bays Capital, cutting an estimated $55.2M.

  • 190 institutional investors held Churchill Downs (CHDN) as of Q3 2017, up from 171 in Q2 2017.
  • Funds reported $2.34B of Churchill Downs stock for Q3 2017, up 11% quarter-over-quarter.
  • 32 funds opened new Churchill Downs positions in Q3 2017 and 13 closed out, a net change of +19 holders.
  • The largest Churchill Downs buyer in Q3 2017 was Scopus Asset Management, an estimated $19.6M added.
  • The largest Churchill Downs seller in Q3 2017 was Three Bays Capital, an estimated $55.2M sold.

Based on aggregated 13F filings for Q3 2017.