Churchill Downs
CHDN
286 hedge funds and large institutions have $3.96B invested in Churchill Downs in 2020 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 96 increasing their positions, 103 reducing their positions, and 39 closing their positions.
332% more call options, than puts
Call options by funds: $17.1M | Put options by funds: $3.97M
32% more capital invested
Capital invested by funds: $3.01B → $3.96B (+$950M)
10% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 39
2.98% more ownership
Funds ownership: 147.81% → 150.79% (+3%)
1% more funds holding
Funds holding: 283 → 286 (+3)
7% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 103
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$46.3M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$33.6M |
| 3 |
BlackRock
New York
|
+$25.9M |
| 4 |
Millennium Management
New York
|
+$25.6M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$21.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$34.8M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$28M |
| 3 |
MC
MIG Capital
Newport Beach,
California
|
-$27.9M |
| 4 |
HWCM
Hudson Way Capital Management
Dallas,
Texas
|
-$25.4M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$19.4M |
CHDN Hedge Fund Activity: Q2 2020 in Review
286 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2020, worth a combined $3.96B — up 32% from $3.01B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new CHDN positions and 39 closed out — a net gain of 4 holders — while 96 added to existing stakes and 103 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $46.3M. The largest seller was Citadel Advisors, cutting an estimated $34.8M.
- 286 institutional investors held Churchill Downs (CHDN) as of Q2 2020, up from 283 in Q1 2020.
- Funds reported $3.96B of Churchill Downs stock for Q2 2020, up 32% quarter-over-quarter.
- 43 funds opened new Churchill Downs positions in Q2 2020 and 39 closed out, a net change of +4 holders.
- The largest Churchill Downs buyer in Q2 2020 was Fidelity Investments, an estimated $46.3M added.
- The largest Churchill Downs seller in Q2 2020 was Citadel Advisors, an estimated $34.8M sold.
Based on aggregated 13F filings for Q2 2020.