Churchill Downs
CHDN
171 hedge funds and large institutions have $2.12B invested in Churchill Downs in 2017 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 72 increasing their positions, 43 reducing their positions, and 24 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
67% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 43
41% more call options, than puts
Call options by funds: $5.8M | Put options by funds: $4.1M
16% more capital invested
Capital invested by funds: $1.82B → $2.12B (+$298M)
13% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 24
2% more funds holding
Funds holding: 168 → 171 (+3)
0.97% more ownership
Funds ownership: 419.24% → 420.21% (+0.97%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
+$62M |
| 2 |
CF
Cypress Funds
Los Angeles,
California
|
+$20.6M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$17.6M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$12.7M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
-$38.8M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$22.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$9.86M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$9.53M |
| 5 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$8.65M |
CHDN Hedge Fund Activity: Q2 2017 in Review
171 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2017, worth a combined $2.12B — up 16% from $1.82B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new CHDN positions and 24 closed out — a net gain of 3 holders — while 72 added to existing stakes and 43 trimmed.
The largest buyer was Scopus Asset Management, opening a new position worth an estimated $62M. The largest seller was Three Bays Capital, cutting an estimated $38.8M.
- 171 institutional investors held Churchill Downs (CHDN) as of Q2 2017, up from 168 in Q1 2017.
- Funds reported $2.12B of Churchill Downs stock for Q2 2017, up 16% quarter-over-quarter.
- 27 funds opened new Churchill Downs positions in Q2 2017 and 24 closed out, a net change of +3 holders.
- The largest Churchill Downs buyer in Q2 2017 was Scopus Asset Management, an estimated $62M added.
- The largest Churchill Downs seller in Q2 2017 was Three Bays Capital, an estimated $38.8M sold.
Based on aggregated 13F filings for Q2 2017.