Churchill Downs
CHDN
217 hedge funds and large institutions have $2.63B invested in Churchill Downs in 2017 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 75 increasing their positions, 68 reducing their positions, and 15 closing their positions.
187% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 15
14% more funds holding
Funds holding: 190 → 217 (+27)
14% more call options, than puts
Call options by funds: $14.1M | Put options by funds: $12.4M
12% more capital invested
Capital invested by funds: $2.34B → $2.63B (+$288M)
10% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 68
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
2.89% less ownership
Funds ownership: 442.71% → 439.82% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$52.7M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$23.4M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$22M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$18.2M |
| 5 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
-$96.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$42.7M |
| 3 |
SFM
Soros Fund Management
New York
|
-$20.6M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
-$20.1M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$12.2M |
CHDN Hedge Fund Activity: Q4 2017 in Review
217 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2017, worth a combined $2.63B — up 12% from $2.34B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new CHDN positions and 15 closed out — a net gain of 28 holders — while 75 added to existing stakes and 68 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $52.7M. The largest seller was Three Bays Capital, cutting an estimated $96.7M.
- 217 institutional investors held Churchill Downs (CHDN) as of Q4 2017, up from 190 in Q3 2017.
- Funds reported $2.63B of Churchill Downs stock for Q4 2017, up 12% quarter-over-quarter.
- 43 funds opened new Churchill Downs positions in Q4 2017 and 15 closed out, a net change of +28 holders.
- The largest Churchill Downs buyer in Q4 2017 was Balyasny Asset Management, an estimated $52.7M added.
- The largest Churchill Downs seller in Q4 2017 was Three Bays Capital, an estimated $96.7M sold.
Based on aggregated 13F filings for Q4 2017.