Churchill Downs
CHDN
431 hedge funds and large institutions have $6.32B invested in Churchill Downs in 2025 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 152 increasing their positions, 145 reducing their positions, and 73 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 152 | Existing positions reduced: 145
0.44% less ownership
Funds ownership: 77.89% → 77.45% (-0.44%)
8% less capital inflows, than outflows
Capital inflows: $547M | Capital outflows: $592M
5% less funds holding
Funds holding: 453 → 431 (-22)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
22% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 73
84% less call options, than puts
Call options by funds: $4.53M | Put options by funds: $28.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
+$61M |
| 2 |
Millennium Management
New York
|
+$33.9M |
| 3 |
Man Group
London,
United Kingdom
|
+$28.5M |
| 4 |
D.E. Shaw & Co
New York
|
+$27.7M |
| 5 |
BAMCO Inc
New York
|
+$24.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Westfield Capital Management
Boston,
Massachusetts
|
-$65.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$62.2M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$46.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$36.8M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$29.6M |
CHDN Hedge Fund Activity: Q1 2025 in Review
431 of the 7,489 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q1 2025, worth a combined $6.32B — down 17% from $7.65B a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of CHDN and 57 opened new positions — a net loss of 16 holders — while 145 trimmed existing stakes and 152 added.
The largest buyer was SG Americas Securities, adding an estimated $61M. The largest seller was Westfield Capital Management, cutting an estimated $65.5M.
- 431 institutional investors held Churchill Downs (CHDN) as of Q1 2025, down from 453 in Q4 2024.
- Funds reported $6.32B of Churchill Downs stock for Q1 2025, down 17% quarter-over-quarter.
- 57 funds opened new Churchill Downs positions in Q1 2025 and 73 closed out, a net change of -16 holders.
- The largest Churchill Downs buyer in Q1 2025 was SG Americas Securities, an estimated $61M added.
- The largest Churchill Downs seller in Q1 2025 was Westfield Capital Management, an estimated $65.5M sold.
Based on aggregated 13F filings for Q1 2025.