Churchill Downs
CHDN
90 hedge funds and large institutions have $913M invested in Churchill Downs in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 31 increasing their positions, 32 reducing their positions, and 17 closing their positions.
2% more capital invested
Capital invested by funds: $896M → $913M (+$16.4M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 32
13% less funds holding
Funds holding: 103 → 90 (-13)
71% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BM
Bridger Management
New York
|
+$9.18M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$5.46M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$5.46M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.73M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
+$2.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
-$5.93M |
| 2 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
-$5.92M |
| 3 |
D.E. Shaw & Co
New York
|
-$3.13M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$2.88M |
| 5 |
Morgan Stanley
New York
|
-$2.06M |
CHDN Hedge Fund Activity: Q1 2014 in Review
90 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q1 2014, worth a combined $913M — up 1.8% from $896M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of CHDN and 5 opened new positions — a net loss of 12 holders — while 32 trimmed existing stakes and 31 added.
The largest buyer was Bridger Management, opening a new position worth an estimated $9.18M. The largest seller was ACK Asset Management, cutting an estimated $5.93M.
- 90 institutional investors held Churchill Downs (CHDN) as of Q1 2014, down from 103 in Q4 2013.
- Funds reported $913M of Churchill Downs stock for Q1 2014, up 1.8% quarter-over-quarter.
- 5 funds opened new Churchill Downs positions in Q1 2014 and 17 closed out, a net change of -12 holders.
- The largest Churchill Downs buyer in Q1 2014 was Bridger Management, an estimated $9.18M added.
- The largest Churchill Downs seller in Q1 2014 was ACK Asset Management, an estimated $5.93M sold.
Based on aggregated 13F filings for Q1 2014.