Churchill Downs
CHDN
451 hedge funds and large institutions have $5.01B invested in Churchill Downs in 2026 Q1 according to their latest regulatory filings, with 81 funds opening new positions, 182 increasing their positions, 126 reducing their positions, and 90 closing their positions.
73% more capital inflows, than outflows
Capital inflows: $1.4B | Capital outflows: $812M
44% more repeat investments, than reductions
Existing positions increased: 182 | Existing positions reduced: 126
0.98% more ownership
Funds ownership: 79.1% → 80.08% (+0.98%)
3% less funds holding
Funds holding: 465 → 451 (-14)
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
10% less first-time investments, than exits
New positions opened: 81 | Existing positions closed: 90
57% less call options, than puts
Call options by funds: $29.1M | Put options by funds: $68M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCM
Junto Capital Management
New York
|
+$54.7M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$48.8M |
| 3 |
AMH
Apollo Management Holdings
New York
|
+$45.3M |
| 4 |
VC
Vestor Capital
Chicago,
Illinois
|
+$37.8M |
| 5 |
Jones Financial Companies
Des Peres,
Missouri
|
+$34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$201M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$43.4M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$39M |
| 4 |
NC
Nitorum Capital
New York
|
-$32M |
| 5 |
NCA
Newbrook Capital Advisors
New York
|
-$30.4M |
CHDN Hedge Fund Activity: Q1 2026 in Review
451 of the 8,210 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q1 2026, worth a combined $5.01B — down 20% from $6.28B a quarter earlier.
Sellers outnumbered buyers: 90 funds closed out of CHDN and 81 opened new positions — a net loss of 9 holders — while 126 trimmed existing stakes and 182 added.
The largest buyer was Junto Capital Management, opening a new position worth an estimated $54.7M. The largest seller was Capital International Investors, cutting an estimated $201M.
- 451 institutional investors held Churchill Downs (CHDN) as of Q1 2026, down from 465 in Q4 2025.
- Funds reported $5.01B of Churchill Downs stock for Q1 2026, down 20% quarter-over-quarter.
- 81 funds opened new Churchill Downs positions in Q1 2026 and 90 closed out, a net change of -9 holders.
- The largest Churchill Downs buyer in Q1 2026 was Junto Capital Management, an estimated $54.7M added.
- The largest Churchill Downs seller in Q1 2026 was Capital International Investors, an estimated $201M sold.
Based on aggregated 13F filings for Q1 2026.