Churchill Downs
CHDN
283 hedge funds and large institutions have $3.03B invested in Churchill Downs in 2020 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 91 increasing their positions, 108 reducing their positions, and 60 closing their positions.
104% more call options, than puts
Call options by funds: $12.2M | Put options by funds: $5.97M
6.06% more ownership
Funds ownership: 143.81% → 149.87% (+6.1%)
9% less funds holding
Funds holding: 311 → 283 (-28)
16% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 108
23% less capital invested
Capital invested by funds: $3.93B → $3.03B (-$895M)
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
43% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$150M |
| 2 |
BlackRock
New York
|
+$81.8M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$67.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$41M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$35.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$42.1M |
| 2 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$39.5M |
| 3 |
NC
Nitorum Capital
New York
|
-$30.8M |
| 4 |
BP
Banbury Partners
Charlotte,
North Carolina
|
-$28.9M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$27.3M |
CHDN Hedge Fund Activity: Q1 2020 in Review
283 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q1 2020, worth a combined $3.03B — down 23% from $3.93B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of CHDN and 34 opened new positions — a net loss of 26 holders — while 108 trimmed existing stakes and 91 added.
The largest buyer was Fidelity Investments, adding an estimated $150M. The largest seller was Millennium Management, cutting an estimated $42.1M.
- 283 institutional investors held Churchill Downs (CHDN) as of Q1 2020, down from 311 in Q4 2019.
- Funds reported $3.03B of Churchill Downs stock for Q1 2020, down 23% quarter-over-quarter.
- 34 funds opened new Churchill Downs positions in Q1 2020 and 60 closed out, a net change of -26 holders.
- The largest Churchill Downs buyer in Q1 2020 was Fidelity Investments, an estimated $150M added.
- The largest Churchill Downs seller in Q1 2020 was Millennium Management, an estimated $42.1M sold.
Based on aggregated 13F filings for Q1 2020.