Churchill Downs
CHDN
319 hedge funds and large institutions have $6.68B invested in Churchill Downs in 2021 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 93 increasing their positions, 122 reducing their positions, and 43 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
110% more call options, than puts
Call options by funds: $69.1M | Put options by funds: $32.9M
22% more capital invested
Capital invested by funds: $5.49B → $6.68B (+$1.19B)
0.39% more ownership
Funds ownership: 144.21% → 144.6% (+0.39%)
7% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 43
2% less funds holding
Funds holding: 325 → 319 (-6)
24% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 122
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$177M |
| 2 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$109M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$57.7M |
| 4 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$31.7M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$21.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$59.1M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$52.2M |
| 3 |
Millennium Management
New York
|
-$45.6M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$42.5M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$38.1M |
CHDN Hedge Fund Activity: Q3 2021 in Review
319 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2021, worth a combined $6.68B — up 22% from $5.49B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of CHDN and 40 opened new positions — a net loss of 3 holders — while 122 trimmed existing stakes and 93 added.
The largest buyer was Fidelity Investments, adding an estimated $177M. The largest seller was Invesco, cutting an estimated $59.1M.
- 319 institutional investors held Churchill Downs (CHDN) as of Q3 2021, down from 325 in Q2 2021.
- Funds reported $6.68B of Churchill Downs stock for Q3 2021, up 22% quarter-over-quarter.
- 40 funds opened new Churchill Downs positions in Q3 2021 and 43 closed out, a net change of -3 holders.
- The largest Churchill Downs buyer in Q3 2021 was Fidelity Investments, an estimated $177M added.
- The largest Churchill Downs seller in Q3 2021 was Invesco, an estimated $59.1M sold.
Based on aggregated 13F filings for Q3 2021.