Churchill Downs
CHDN
260 hedge funds and large institutions have $2.66B invested in Churchill Downs in 2019 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 90 increasing their positions, 89 reducing their positions, and 29 closing their positions.
24% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 29
11% more capital invested
Capital invested by funds: $2.38B → $2.66B (+$274M)
2% more funds holding
Funds holding: 254 → 260 (+6)
1% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 89
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
14% less call options, than puts
Call options by funds: $5.51M | Put options by funds: $6.38M
290.66% less ownership
Funds ownership: 436.61% → 145.95% (-291%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$29.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$24.3M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$22M |
| 4 |
Millennium Management
New York
|
+$17.9M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cypress Funds
Los Angeles,
California
|
-$33.5M |
| 2 |
DCM
Durational Capital Management
New York
|
-$22.1M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
-$15.6M |
| 4 |
SAM
Scopus Asset Management
New York
|
-$14.1M |
| 5 |
Bank of New York Mellon
New York
|
-$12.2M |
CHDN Hedge Fund Activity: Q1 2019 in Review
260 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q1 2019, worth a combined $2.66B — up 11% from $2.38B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new CHDN positions and 29 closed out — a net gain of 7 holders — while 90 added to existing stakes and 89 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $29.1M. The largest seller was Cypress Funds, exiting entirely with an estimated $33.5M sold.
- 260 institutional investors held Churchill Downs (CHDN) as of Q1 2019, up from 254 in Q4 2018.
- Funds reported $2.66B of Churchill Downs stock for Q1 2019, up 11% quarter-over-quarter.
- 36 funds opened new Churchill Downs positions in Q1 2019 and 29 closed out, a net change of +7 holders.
- The largest Churchill Downs buyer in Q1 2019 was Fidelity Investments, an estimated $29.1M added.
- The largest Churchill Downs seller in Q1 2019 was Cypress Funds, an estimated $33.5M sold.
Based on aggregated 13F filings for Q1 2019.