Churchill Downs
CHDN
170 hedge funds and large institutions have $1.71B invested in Churchill Downs in 2016 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 68 increasing their positions, 56 reducing their positions, and 10 closing their positions.
150% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 10
21% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 56
11% more capital invested
Capital invested by funds: $1.53B → $1.71B (+$175M)
10% more funds holding
Funds holding: 155 → 170 (+15)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
89% less call options, than puts
Call options by funds: $307K | Put options by funds: $2.91M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$28.5M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$9.07M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$6.96M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$6.75M |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$6.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
-$41.7M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$25.2M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$18.9M |
| 4 |
CCM
Copeland Capital Management
Conshohocken,
Pennsylvania
|
-$11.8M |
| 5 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
-$10.5M |
CHDN Hedge Fund Activity: Q3 2016 in Review
170 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2016, worth a combined $1.71B — up 11% from $1.53B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new CHDN positions and 10 closed out — a net gain of 15 holders — while 68 added to existing stakes and 56 trimmed.
The largest buyer was Fidelity Investments, opening a new position worth an estimated $28.5M. The largest seller was Three Bays Capital, cutting an estimated $41.7M.
- 170 institutional investors held Churchill Downs (CHDN) as of Q3 2016, up from 155 in Q2 2016.
- Funds reported $1.71B of Churchill Downs stock for Q3 2016, up 11% quarter-over-quarter.
- 25 funds opened new Churchill Downs positions in Q3 2016 and 10 closed out, a net change of +15 holders.
- The largest Churchill Downs buyer in Q3 2016 was Fidelity Investments, an estimated $28.5M added.
- The largest Churchill Downs seller in Q3 2016 was Three Bays Capital, an estimated $41.7M sold.
Based on aggregated 13F filings for Q3 2016.