Churchill Downs
CHDN
331 hedge funds and large institutions have $5.07B invested in Churchill Downs in 2022 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 105 increasing their positions, 122 reducing their positions, and 36 closing their positions.
176% more call options, than puts
Call options by funds: $5.43M | Put options by funds: $1.97M
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
11% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 36
1.91% more ownership
Funds ownership: 144.12% → 146.02% (+1.9%)
0% more funds holding
Funds holding: 330 → 331 (+1)
4% less capital invested
Capital invested by funds: $5.26B → $5.07B (-$186M)
14% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 122
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$38.3M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$35.6M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$26.2M |
| 4 |
Jennison Associates
New York
|
+$25.7M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$16.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$68M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$21.4M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$18.4M |
| 4 |
NC
Nitorum Capital
New York
|
-$15.3M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$13.3M |
CHDN Hedge Fund Activity: Q3 2022 in Review
331 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q3 2022, worth a combined $5.07B — down 3.5% from $5.26B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new CHDN positions and 36 closed out — a net gain of 4 holders — while 105 added to existing stakes and 122 trimmed.
The largest buyer was Millennium Management, adding an estimated $38.3M. The largest seller was Citadel Advisors, cutting an estimated $68M.
- 331 institutional investors held Churchill Downs (CHDN) as of Q3 2022, up from 330 in Q2 2022.
- Funds reported $5.07B of Churchill Downs stock for Q3 2022, down 3.5% quarter-over-quarter.
- 40 funds opened new Churchill Downs positions in Q3 2022 and 36 closed out, a net change of +4 holders.
- The largest Churchill Downs buyer in Q3 2022 was Millennium Management, an estimated $38.3M added.
- The largest Churchill Downs seller in Q3 2022 was Citadel Advisors, an estimated $68M sold.
Based on aggregated 13F filings for Q3 2022.