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.
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
Top Buyers
Top Sellers
| 1 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
-$55.2M |
| 2 |
SFM
Soros Fund Management
New York
|
-$33.5M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$15.4M |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$9.1M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
-$8.47M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Creative Planning
Overland Park,
Kansas
| – | -$10K | -312 | Closed |
|
|
NA
202
NewEdge Advisors
New Orleans,
Louisiana
| – | -$7.57K | -252 | Closed |
|
|
PA
203
Parallel Advisors
San Francisco,
California
| – | -$2.11K | -66 | -92% |
|
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.