Churchill Downs
CHDN
111 hedge funds and large institutions have $1.03B invested in Churchill Downs in 2014 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 32 increasing their positions, 37 reducing their positions, and 14 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
8% more funds holding
Funds holding: 103 → 111 (+8)
6% more capital invested
Capital invested by funds: $973M → $1.03B (+$57.7M)
2% more call options, than puts
Call options by funds: $1.14M | Put options by funds: $1.11M
14% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Clovis Capital Management
New York
|
+$13.4M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$9.93M |
| 3 |
Two Sigma Advisers
New York
|
+$8.56M |
| 4 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
+$8.18M |
| 5 |
Two Sigma Investments
New York
|
+$6.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$30.8M |
| 2 |
SFM
Soros Fund Management
New York
|
-$17.1M |
| 3 |
RAM
RWC Asset Management
London,
United Kingdom
|
-$11.4M |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$10M |
| 5 |
RCM
Raptor Capital Management
Boston,
Massachusetts
|
-$9.64M |
CHDN Hedge Fund Activity: Q4 2014 in Review
111 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2014, worth a combined $1.03B — up 5.9% from $973M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CHDN positions and 14 closed out — a net gain of 9 holders — while 32 added to existing stakes and 37 trimmed.
The largest buyer was Clovis Capital Management, opening a new position worth an estimated $13.4M. The largest seller was Wellington Management Group, cutting an estimated $30.8M.
- 111 institutional investors held Churchill Downs (CHDN) as of Q4 2014, up from 103 in Q3 2014.
- Funds reported $1.03B of Churchill Downs stock for Q4 2014, up 5.9% quarter-over-quarter.
- 23 funds opened new Churchill Downs positions in Q4 2014 and 14 closed out, a net change of +9 holders.
- The largest Churchill Downs buyer in Q4 2014 was Clovis Capital Management, an estimated $13.4M added.
- The largest Churchill Downs seller in Q4 2014 was Wellington Management Group, an estimated $30.8M sold.
Based on aggregated 13F filings for Q4 2014.