Churchill Downs
CHDN
461 hedge funds and large institutions have $5.36B invested in Churchill Downs in 2026 Q2 according to their latest regulatory filings, with 65 funds opening new positions, 173 increasing their positions, 149 reducing their positions, and 50 closing their positions.
30% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 50
16% more repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 149
7% more capital invested
Capital invested by funds: $5.01B → $5.36B (+$355M)
5.75% more ownership
Funds ownership: 80.08% → 85.83% (+5.7%)
2% more funds holding
Funds holding: 451 → 461 (+10)
50% less funds holding in top 10
Funds holding in top 10: 10 → 5 (-5)
75% less call options, than puts
Call options by funds: $65.8M | Put options by funds: $267M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$111M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$65.3M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$54.8M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$47.4M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$39.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$88.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$54.3M |
| 3 |
JCM
Junto Capital Management
New York
|
-$51.7M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$50.9M |
| 5 |
ACM
Alua Capital Management
New York
|
-$48.5M |
CHDN Hedge Fund Activity: Q2 2026 in Review
461 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in Churchill Downs (CHDN) for Q2 2026, worth a combined $5.36B — up 7.1% from $5.01B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new CHDN positions and 50 closed out — a net gain of 15 holders — while 173 added to existing stakes and 149 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $111M. The largest seller was Capital International Investors, exiting entirely with an estimated $88.2M sold.
- 461 institutional investors held Churchill Downs (CHDN) as of Q2 2026, up from 451 in Q1 2026.
- Funds reported $5.36B of Churchill Downs stock for Q2 2026, up 7.1% quarter-over-quarter.
- 65 funds opened new Churchill Downs positions in Q2 2026 and 50 closed out, a net change of +15 holders.
- The largest Churchill Downs buyer in Q2 2026 was Fidelity Investments, an estimated $111M added.
- The largest Churchill Downs seller in Q2 2026 was Capital International Investors, an estimated $88.2M sold.
Based on aggregated 13F filings for Q2 2026.