Churchill Downs
CHDN
340 hedge funds and large institutions have $6.2B invested in Churchill Downs in 2022 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 112 increasing their positions, 110 reducing their positions, and 30 closing their positions.
67% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 30
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
18% more call options, than puts
Call options by funds: $8.06M | Put options by funds: $6.85M
17% more capital inflows, than outflows
Capital inflows: $411M | Capital outflows: $353M
5% more funds holding
Funds holding: 323 → 340 (+17)
2% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 110
0.92% more ownership
Funds ownership: 72.23% → 73.15% (+0.92%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$80.6M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$53.5M |
| 3 |
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$43.2M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$19.1M |
| 5 |
BlackRock
New York
|
+$16.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$73.7M |
| 2 |
Nitorum Capital
New York
|
-$34.9M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$20.7M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$16.9M |
| 5 |
J. Goldman & Co
New York
|
-$14.1M |
CHDN Hedge Fund Activity: Q1 2022 in Review
340 of the 6,364 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q1 2022, worth a combined $6.2B — down 6.8% from $6.65B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new CHDN positions and 30 closed out — a net gain of 20 holders — while 112 added to existing stakes and 110 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $80.6M. The largest seller was Artemis Investment Management, cutting an estimated $73.7M.
- 340 institutional investors held Churchill Downs (CHDN) as of Q1 2022, up from 323 in Q4 2021.
- Funds reported $6.2B of Churchill Downs stock for Q1 2022, down 6.8% quarter-over-quarter.
- 50 funds opened new Churchill Downs positions in Q1 2022 and 30 closed out, a net change of +20 holders.
- The largest Churchill Downs buyer in Q1 2022 was Citadel Advisors, an estimated $80.6M added.
- The largest Churchill Downs seller in Q1 2022 was Artemis Investment Management, an estimated $73.7M sold.
Based on aggregated 13F filings for Q1 2022.