Churchill Downs
CHDN
321 hedge funds and large institutions have $5.95B invested in Churchill Downs in 2022 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 101 increasing their positions, 126 reducing their positions, and 37 closing their positions.
90% more call options, than puts
Call options by funds: $6.76M | Put options by funds: $3.55M
17% more capital invested
Capital invested by funds: $5.07B → $5.95B (+$873M)
4.24% more ownership
Funds ownership: 146.02% → 150.26% (+4.2%)
5% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 37
3% less funds holding
Funds holding: 331 → 321 (-10)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
20% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 126
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$335M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$53.7M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$36.8M |
| 4 |
Jennison Associates
New York
|
+$19.5M |
| 5 |
BlackRock
New York
|
+$13.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$63.5M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
-$21.7M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$21.3M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$20M |
| 5 |
NC
Nitorum Capital
New York
|
-$19M |
CHDN Hedge Fund Activity: Q4 2022 in Review
321 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q4 2022, worth a combined $5.95B — up 17% from $5.07B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of CHDN and 35 opened new positions — a net loss of 2 holders — while 126 trimmed existing stakes and 101 added.
The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $335M. The largest seller was Fidelity Investments, cutting an estimated $63.5M.
- 321 institutional investors held Churchill Downs (CHDN) as of Q4 2022, down from 331 in Q3 2022.
- Funds reported $5.95B of Churchill Downs stock for Q4 2022, up 17% quarter-over-quarter.
- 35 funds opened new Churchill Downs positions in Q4 2022 and 37 closed out, a net change of -2 holders.
- The largest Churchill Downs buyer in Q4 2022 was Capital Research Global Investors, an estimated $335M added.
- The largest Churchill Downs seller in Q4 2022 was Fidelity Investments, an estimated $63.5M sold.
Based on aggregated 13F filings for Q4 2022.