Churchill Downs
CHDN
254 hedge funds and large institutions have $2.38B invested in Churchill Downs in 2018 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 75 increasing their positions, 82 reducing their positions, and 36 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
25% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 36
7.38% more ownership
Funds ownership: 429.22% → 436.61% (+7.4%)
3% more funds holding
Funds holding: 246 → 254 (+8)
9% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 82
12% less capital invested
Capital invested by funds: $2.69B → $2.38B (-$312M)
72% less call options, than puts
Call options by funds: $1.32M | Put options by funds: $4.66M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
+$24.7M |
| 2 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$24.1M |
| 3 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
+$20.7M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$20.1M |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$19.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
-$66.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$56.9M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$22.4M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$20M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$16.3M |
CHDN Hedge Fund Activity: Q4 2018 in Review
254 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2018, worth a combined $2.38B — down 12% from $2.69B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new CHDN positions and 36 closed out — a net gain of 9 holders — while 75 added to existing stakes and 82 trimmed.
The largest buyer was GW&K Investment Management, opening a new position worth an estimated $24.7M. The largest seller was Scopus Asset Management, cutting an estimated $66.5M.
- 254 institutional investors held Churchill Downs (CHDN) as of Q4 2018, up from 246 in Q3 2018.
- Funds reported $2.38B of Churchill Downs stock for Q4 2018, down 12% quarter-over-quarter.
- 45 funds opened new Churchill Downs positions in Q4 2018 and 36 closed out, a net change of +9 holders.
- The largest Churchill Downs buyer in Q4 2018 was GW&K Investment Management, an estimated $24.7M added.
- The largest Churchill Downs seller in Q4 2018 was Scopus Asset Management, an estimated $66.5M sold.
Based on aggregated 13F filings for Q4 2018.