Churchill Downs
CHDN
317 hedge funds and large institutions have $5.49B invested in Churchill Downs in 2020 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 84 increasing their positions, 121 reducing their positions, and 42 closing their positions.
113% more call options, than puts
Call options by funds: $41.7M | Put options by funds: $19.6M
21% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 42
16% more capital invested
Capital invested by funds: $4.75B → $5.49B (+$738M)
2% more funds holding
Funds holding: 310 → 317 (+7)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
4.82% less ownership
Funds ownership: 147.87% → 143.05% (-4.8%)
31% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 121
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$36.7M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$34.3M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$29.9M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$25M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$20.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$168M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$34.8M |
| 3 |
BlackRock
New York
|
-$21.2M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
-$16.1M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$15.2M |
CHDN Hedge Fund Activity: Q4 2020 in Review
317 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2020, worth a combined $5.49B — up 16% from $4.75B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new CHDN positions and 42 closed out — a net gain of 9 holders — while 84 added to existing stakes and 121 trimmed.
The largest buyer was Vanguard Group, adding an estimated $36.7M. The largest seller was PAR Capital Management, exiting entirely with an estimated $168M sold.
- 317 institutional investors held Churchill Downs (CHDN) as of Q4 2020, up from 310 in Q3 2020.
- Funds reported $5.49B of Churchill Downs stock for Q4 2020, up 16% quarter-over-quarter.
- 51 funds opened new Churchill Downs positions in Q4 2020 and 42 closed out, a net change of +9 holders.
- The largest Churchill Downs buyer in Q4 2020 was Vanguard Group, an estimated $36.7M added.
- The largest Churchill Downs seller in Q4 2020 was PAR Capital Management, an estimated $168M sold.
Based on aggregated 13F filings for Q4 2020.