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Churchill Downs

246 hedge funds and large institutions have $2.69B invested in Churchill Downs in 2018 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 96 increasing their positions, 74 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more call options, than puts

Call options by funds: $15.6M | Put options by funds: $9.89M

50% more funds holding in top 10

Funds holding in top 10: 46 (+2)

30% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 74

3.93% more ownership

Funds ownership: 425.29%429.22% (+3.9%)

2% less funds holding

Funds holding: 252246 (-6)

5% less capital invested

Capital invested by funds: $2.85B → $2.69B (-$152M)

14% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 37

Holders
246
Holders Change
-6
Holders Change %
-2.38%
% of All Funds
5.62%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.14%
New
32
Increased
96
Reduced
74
Closed
37
Calls
$15.6M
Puts
$9.89M
Net Calls
+$5.69M
Net Calls Change
-$14.9M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$366M +$12.1M +254,982 +3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$294M +$13.8M +290,970 +5%
PCM
3
PAR Capital Management
Massachusetts
$193M -$41.5M -876,000 -17%
State Street
4
State Street
Massachusetts
$109M +$2.52M +53,088 +2%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$103M +$5.71M +120,546 +6%
Balyasny Asset Management
6
Balyasny Asset Management
Illinois
$96.9M -$9.93M -209,568 -9%
SAM
7
Scopus Asset Management
New York
$85.7M -$14.6M -307,548 -14%
AIM
8
Artemis Investment Management
United Kingdom
$81.2M -$10.1M -214,086 -11%
Acadian Asset Management
9
Acadian Asset Management
Massachusetts
$75.8M -$10.2M -214,206 -12%
T. Rowe Price Associates
10
T. Rowe Price Associates
Maryland
$71.9M +$1.76M +37,164 +2%
Ameriprise
11
Ameriprise
Minnesota
$64.4M +$3.02M +63,708 +5%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$54.5M -$3.1M -65,382 -5%
Northern Trust
13
Northern Trust
Illinois
$53.6M +$1.67M +35,256 +3%
Citadel Advisors
14
Citadel Advisors
Florida
$45M +$30.5M +643,104 +196%
Prudential Financial
15
Prudential Financial
New Jersey
$39.1M +$32.3M +681,144 +417%
Victory Capital Management
16
Victory Capital Management
Texas
$38.6M +$49.8K +1,050 +0.1%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$37.2M +$4.72M +99,540 +14%
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$35.8M +$110K +2,316 +0.3%
Norges Bank
19
Norges Bank
Norway
$33.8M
CF
20
Cypress Funds
California
$33.6M +$142K +3,000 +0.4%
GI
21
GAMCO Investors
Connecticut
$32.2M -$2.78M -58,608 -8%
Invesco
22
Invesco
Georgia
$26.1M +$4.18M +88,200 +19%
Charles Schwab
23
Charles Schwab
California
$24M +$1.79M +37,674 +8%
Deutsche Bank
24
Deutsche Bank
Germany
$24M -$2.56M -54,024 -9%
GF
25
Gabelli Funds
New York
$21.4M -$512K -10,800 -2%

CHDN Hedge Fund Activity: Q3 2018 in Review

246 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2018, worth a combined $2.69B — down 5.3% from $2.85B a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of CHDN and 32 opened new positions — a net loss of 5 holders — while 74 trimmed existing stakes and 96 added.

The largest buyer was Prudential Financial, adding an estimated $32.3M. The largest seller was PAR Capital Management, cutting an estimated $41.5M.

  • 246 institutional investors held Churchill Downs (CHDN) as of Q3 2018, down from 252 in Q2 2018.
  • Funds reported $2.69B of Churchill Downs stock for Q3 2018, down 5.3% quarter-over-quarter.
  • 32 funds opened new Churchill Downs positions in Q3 2018 and 37 closed out, a net change of -5 holders.
  • The largest Churchill Downs buyer in Q3 2018 was Prudential Financial, an estimated $32.3M added.
  • The largest Churchill Downs seller in Q3 2018 was PAR Capital Management, an estimated $41.5M sold.

Based on aggregated 13F filings for Q3 2018.