Churchill Downs
CHDN
103 hedge funds and large institutions have $973M invested in Churchill Downs in 2014 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 41 reducing their positions, and 15 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
8% more capital invested
Capital invested by funds: $903M → $973M (+$69.6M)
3% less funds holding
Funds holding: 106 → 103 (-3)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
32% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 41
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $3.21M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$18M |
| 2 |
RAM
RWC Asset Management
London,
United Kingdom
|
+$10.7M |
| 3 |
RCM
Raptor Capital Management
Boston,
Massachusetts
|
+$7.91M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$7.12M |
| 5 |
Renaissance Technologies
New York
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$17.1M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$13.6M |
| 3 |
BM
Bridger Management
New York
|
-$9.01M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$2.59M |
| 5 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$2.53M |
CHDN Hedge Fund Activity: Q3 2014 in Review
103 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2014, worth a combined $973M — up 7.7% from $903M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CHDN and 13 opened new positions — a net loss of 2 holders — while 41 trimmed existing stakes and 28 added.
The largest buyer was Balyasny Asset Management, adding an estimated $18M. The largest seller was Eagle Asset Management, exiting entirely with an estimated $17.1M sold.
- 103 institutional investors held Churchill Downs (CHDN) as of Q3 2014, down from 106 in Q2 2014.
- Funds reported $973M of Churchill Downs stock for Q3 2014, up 7.7% quarter-over-quarter.
- 13 funds opened new Churchill Downs positions in Q3 2014 and 15 closed out, a net change of -2 holders.
- The largest Churchill Downs buyer in Q3 2014 was Balyasny Asset Management, an estimated $18M added.
- The largest Churchill Downs seller in Q3 2014 was Eagle Asset Management, an estimated $17.1M sold.
Based on aggregated 13F filings for Q3 2014.