Churchill Downs
CHDN
252 hedge funds and large institutions have $2.85B invested in Churchill Downs in 2018 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 69 increasing their positions, 91 reducing their positions, and 26 closing their positions.
108% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 26
101% more call options, than puts
Call options by funds: $40.9M | Put options by funds: $20.3M
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
19% more capital invested
Capital invested by funds: $2.38B → $2.85B (+$462M)
12% more funds holding
Funds holding: 225 → 252 (+27)
9.16% less ownership
Funds ownership: 434.45% → 425.29% (-9.2%)
24% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 91
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$33M |
| 2 |
Renaissance Technologies
New York
|
+$27.3M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$20M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.3M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$9.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$36.8M |
| 2 |
SAM
Scopus Asset Management
New York
|
-$25.8M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$14.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$13.5M |
| 5 |
CF
Cypress Funds
Los Angeles,
California
|
-$11.9M |
CHDN Hedge Fund Activity: Q2 2018 in Review
252 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2018, worth a combined $2.85B — up 19% from $2.38B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new CHDN positions and 26 closed out — a net gain of 28 holders — while 69 added to existing stakes and 91 trimmed.
The largest buyer was Artemis Investment Management, adding an estimated $33M. The largest seller was Fidelity Investments, cutting an estimated $36.8M.
- 252 institutional investors held Churchill Downs (CHDN) as of Q2 2018, up from 225 in Q1 2018.
- Funds reported $2.85B of Churchill Downs stock for Q2 2018, up 19% quarter-over-quarter.
- 54 funds opened new Churchill Downs positions in Q2 2018 and 26 closed out, a net change of +28 holders.
- The largest Churchill Downs buyer in Q2 2018 was Artemis Investment Management, an estimated $33M added.
- The largest Churchill Downs seller in Q2 2018 was Fidelity Investments, an estimated $36.8M sold.
Based on aggregated 13F filings for Q2 2018.