Churchill Downs
CHDN
148 hedge funds and large institutions have $1.58B invested in Churchill Downs in 2015 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 52 increasing their positions, 49 reducing their positions, and 15 closing their positions.
93% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 15
10% more funds holding
Funds holding: 134 → 148 (+14)
6% more capital invested
Capital invested by funds: $1.49B → $1.58B (+$91.3M)
6% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 49
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
17% less call options, than puts
Call options by funds: $2.05M | Put options by funds: $2.48M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
+$31M |
| 2 |
Renaissance Technologies
New York
|
+$12.9M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$12.1M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$12M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$43.3M |
| 2 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$23.7M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$9.99M |
| 4 |
CCM
Clovis Capital Management
New York
|
-$8.38M |
| 5 |
RAM
RWC Asset Management
London,
United Kingdom
|
-$5.89M |
CHDN Hedge Fund Activity: Q4 2015 in Review
148 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2015, worth a combined $1.58B — up 6.1% from $1.49B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new CHDN positions and 15 closed out — a net gain of 14 holders — while 52 added to existing stakes and 49 trimmed.
The largest buyer was Three Bays Capital, adding an estimated $31M. The largest seller was Wellington Management Group, cutting an estimated $43.3M.
- 148 institutional investors held Churchill Downs (CHDN) as of Q4 2015, up from 134 in Q3 2015.
- Funds reported $1.58B of Churchill Downs stock for Q4 2015, up 6.1% quarter-over-quarter.
- 29 funds opened new Churchill Downs positions in Q4 2015 and 15 closed out, a net change of +14 holders.
- The largest Churchill Downs buyer in Q4 2015 was Three Bays Capital, an estimated $31M added.
- The largest Churchill Downs seller in Q4 2015 was Wellington Management Group, an estimated $43.3M sold.
Based on aggregated 13F filings for Q4 2015.