Vault-13

CHURCHILL DOWNS INC CHDN

COM · Common Stock · CUSIP 171484108 · ISIN US1714841087

American horse racing and gaming company

395 institutional holders +41 vs Q1 2023
55,808,93755.8m shares reported held*
74.5% of all shares outstanding*
$7.8bnreported value*
71 new 106 added 150 reduced 32 sold out net sold ≈ $1.5bn (-11.2m shares)

Q1 2023 share counts are adjusted for a 2-for-1 stock split, so holders aren't shown as buying or selling because of it.

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($21.7m this quarter). Holder counts are more reliable. Shares outstanding: 74.9m as of 2023-07-19, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $139.28. Options: 5 managers hold calls ($11.4m notional), 4 hold puts ($2.3m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 331Q4 22: 322Q1 23: 354Q2 23: 395395Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022331
Q4 2022322
Q1 2023354
Q2 2023395

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 130 bought or addedQ4 22: 162 cut or sold outQ4 22Q1 23: 152 bought or addedQ1 23: 157 cut or sold outQ1 23Q2 23: 177 bought or addedQ2 23: 182 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022130162
Q1 2023152157
Q2 2023177182

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15mQ3 22 calls: $5.4mQ3 22 puts: $2.0mQ3 22P/C 0.36Q4 22 calls: $6.8mQ4 22 puts: $3.6mQ4 22P/C 0.53Q1 23 calls: $8.9mQ1 23 puts: $3.8mQ1 23P/C 0.42Q2 23 calls: $11.4mQ2 23 puts: $2.3mQ2 23P/C 0.20
Numbers
QuarterCallsPutsP/C
Q3 2022$5.4m$2.0m0.36
Q4 2022$6.8m$3.6m0.53
Q1 2023$8.9m$3.8m0.42
Q2 2023$11.4m$2.3m0.20

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +347,744+347.7k
Baird Financial Group, Inc. Added +275,723+275.7k
JENNISON ASSOCIATES LLC Added +264,152+264.2k
Capital Research Global Investors Added +133,857+133.9k
PRINCIPAL FINANCIAL GROUP INC Added +122,531+122.5k
Cubist Systematic Strategies, LLC New +112,870+112.9k
NORGES BANK Added +103,645+103.6k
Waratah Capital Advisors Ltd. Added +101,661+101.7k
FIRST TRUST ADVISORS LP Added +97,572+97.6k
NEUBERGER BERMAN GROUP LLC Added +94,633+94.6k

Biggest sellers

FMR LLC Reduced -11,319,324-11.3m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -407,119-407.1k
GW&K Investment Management, LLC Reduced -312,621-312.6k
WELLINGTON MANAGEMENT GROUP LLP Sold out -233,380-233.4k
BROWN ADVISORY INC Reduced -231,543-231.5k
BANK OF AMERICA CORP /DE/ Reduced -113,215-113.2k
LORD, ABBETT & CO. LLC Reduced -108,872-108.9k
AMERICAN CENTURY COMPANIES INC Reduced -105,060-105.1k
ArrowMark Colorado Holdings LLC Reduced -103,204-103.2k
Balyasny Asset Management L.P. Reduced -102,243-102.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.4m38.9k shares
CITADEL ADVISORS LLC Added $4.6m33.0k shares
PEAK6 Investments LLC Added $1.1m7.7k shares
WOLVERINE TRADING, LLC Added $312.6k2.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1m8.1k shares
CITADEL ADVISORS LLC Reduced $584.5k4.2k shares
PEAK6 Investments LLC Reduced $556.7k4.0k shares
WOLVERINE ASSET MANAGEMENT LLC New $55.7k400 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-04-24 9.1% 6.7m≈ $598.4m 2025-04-24
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 5.0% new 3.5m≈ $313.3m 2026-07-31

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)

Insider purchases and sales in Q2 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q3 21: 0 buyingQ3 21: 0 sellingQ4 21: 0 buyingQ4 21: 0 sellingQ4 21Q1 22: 0 buyingQ1 22: 0 sellingQ2 22: 1 buyingQ2 22: 0 sellingQ2 22Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 0 buyingQ1 23: 1 sellingQ2 23: 0 buyingQ2 23: 0 sellingQ2 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20210—0——
Q4 20210—0——
Q1 20220—0——
Q2 20221$92.8k0——
Q3 20220—0——
Q4 20220—0——
Q1 20230—1$12.2m—
Q2 20230—0——

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.08% of their portfolio BOSTON, MA 6,733,4406.7m $937.1m $937.1m 0.08% Reduced -11.3m -11,319,324
2 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 6,633,0196.6m $923.1m $923.1m 0.02% Reduced -21.0k -20,989
3 Capital Research Global Investors 0.22% of their portfolio Los Angeles, CA 5,984,4156.0m $832.9m $832.9m 0.22% Added +133.9k +133,857
4 BlackRock Inc. 0.02% of their portfolio New York, NY 5,976,4456.0m $831.7m $831.7m 0.02% Reduced -21.0k -20,951
5 SCHRODER INVESTMENT MANAGEMENT GROUP 0.41% of their portfolio London, X0 2,064,8812.1m $287.4m $287.4m 0.41% Reduced -407.1k -407,119
6 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,838,0021.8m $255.8m $255.8m 0.01% Reduced -5.0k -4,970
7 LONDON CO OF VIRGINIA 1.41% of their portfolio RICHMOND, VA 1,787,4611.8m $248.8m $248.8m 1.41% Reduced -76.8k -76,841
8 ArrowMark Colorado Holdings LLC 1.66% of their portfolio Denver, CO 1,085,6421.1m $151.1m $151.1m 1.66% Reduced -103.2k -103,204
9 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 1,051,0511.1m $146.3m $146.3m 0.02% Added +53.7k +53,701
10 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,003,0611.0m $139.6m $139.6m 0.04% Reduced -86.8k -86,817
11 LORD, ABBETT & CO. LLC 0.19% of their portfolio JERSEY CITY, NJ 813,356813.4k $113.2m $113.2m 0.19% Reduced -108.9k -108,872
12 NORGES BANK 0.02% of their portfolio OSLO, Q8 743,283743.3k $103.4m $103.4m 0.02% Added +103.6k +103,645
13 BROWN ADVISORY INC 0.16% of their portfolio BALTIMORE, MD 743,103743.1k $103.4m $103.4m 0.16% Reduced -231.5k -231,543
14 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 726,489726.5k $101.1m $101.1m 0.01% Added +21.3k +21,315
15 JENNISON ASSOCIATES LLC 0.08% of their portfolio NEW YORK, NY 722,628722.6k $100.6m $100.6m 0.08% Added +264.2k +264,152
16 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 662,856662.9k $92.2m $92.2m 0.03% Reduced -9.4k -9,372
17 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 636,109636.1k $88.5m $88.5m 0.02% Reduced -2.7k -2,677
18 Nitorum Capital, L.P. 8.36% of their portfolio NEW YORK, NY 594,387594.4k $82.7m $82.7m 8.36% Reduced -49.9k -49,873
19 LOOMIS SAYLES & CO L P 0.12% of their portfolio BOSTON, MA 534,995535.0k $74.5m $74.5m 0.12% Reduced -5.2k -5,197
20 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 488,630488.6k $68.0m $68.0m 0.01% Reduced -11.8k -11,842
21 MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 484,318484.3k $67.4m $67.4m 0.07% Added +347.7k +347,744
22 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 483,699483.7k $67.3m $67.3m 0.04% Reduced -20.2k -20,241
23 Hudson Way Capital Management LLC 12.30% of their portfolio DALLAS, TX 471,080471.1k $65.6m $65.6m 12.30% Added +81.5k +81,506
24 Artemis Investment Management LLP 0.82% of their portfolio EDINBURGH, X0 465,433465.4k $64.7m $64.7m 0.82% Added +30.1k +30,077
25 PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio DES MOINES, IA 384,133384.1k $53.5m $53.5m 0.04% Added +122.5k +122,531
26 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 376,253376.3k $52.4m $52.4m 0.02% Added +13.3k +13,289
27 Baird Financial Group, Inc. 0.13% of their portfolio MILWAUKEE, WI 345,301345.3k $48.1m $48.1m 0.13% Added +275.7k +275,723
28 EMERALD ADVISERS, LLC 2.04% of their portfolio LEOLA, PA 335,452335.5k $46.7m $46.7m 2.04% Reduced -14.0k -14,032
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 334,797334.8k $46.6m $46.6m 0.00% Reduced -65.8k -65,833
30 D. E. Shaw & Co., Inc. 0.07% of their portfolio New York, NY 328,835328.8k $45.8m $45.8m 0.07% Added +22.6k +22,577
31 EULAV Asset Management 1.52% of their portfolio SARASOTA, FL 293,762293.8k $40.9m $40.9m 1.52% Added +47.1k +47,100
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 292,375292.4k $40.7m $40.7m 0.00% Reduced -113.2k -113,215
33 WESTFIELD CAPITAL MANAGEMENT CO LP 0.25% of their portfolio BOSTON, MA 283,689283.7k $39.5m $39.5m 0.25% Reduced -41.0k -41,043
34 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 280,276280.3k $39.0m $39.0m 0.04% Added +71.3k +71,268
35 GAMCO INVESTORS, INC. ET AL 0.41% of their portfolio GREENWICH, CT 279,949279.9k $39.0m $39.0m 0.41% Reduced -36.0k -35,999
36 STOCK YARDS BANK & TRUST CO 1.38% of their portfolio LOUISVILLE, KY 270,861270.9k $37.7m $37.7m 1.38% Reduced -69.4k -69,375
37 Copeland Capital Management, LLC 0.76% of their portfolio Conshohocken, PA 264,784264.8k $36.9m $36.9m 0.76% Reduced -30.0k -30,028
38 EMERALD MUTUAL FUND ADVISERS TRUST 1.98% of their portfolio LEOLA, PA 262,634262.6k $36.6m $36.6m 1.98% Reduced -10.4k -10,412
39 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 252,133252.1k $35.1m $35.1m 0.01% Added +17.0k +16,967
40 Balyasny Asset Management L.P. 0.09% of their portfolio Chicago, IL 237,971238.0k $33.1m $33.1m 0.09% Reduced -102.2k -102,243
41 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 233,196233.2k $32.5m $32.5m 0.01% Added +74.3k +74,294
42 Glenview Trust Co 0.86% of their portfolio Louisville, KY 225,328225.3k $31.4m $31.4m 0.86% Reduced -16.1k -16,074
43 RHUMBLINE ADVISERS 0.03% of their portfolio BOSTON, MA 214,575214.6k $29.9m $29.9m 0.03% Added +5.4k +5,365
44 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 199,728199.7k $27.8m $27.8m 0.01% Reduced -5.4k -5,424
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 189,553189.6k $26.4m $26.4m 0.00% Reduced -25.0k -24,995
46 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 173,144173.1k $24.1m $24.1m 0.03% Added +97.6k +97,572
47 SYSTEMATIC FINANCIAL MANAGEMENT LP 0.72% of their portfolio TEANECK, NJ 163,993164.0k $22.8m $22.8m 0.72% Added +2.9k +2,905
48 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio BOSTON, MA 160,886160.9k $22.4m $22.4m 0.03% Added +41.5k +41,522
49 SEGALL BRYANT & HAMILL, LLC 0.23% of their portfolio CHICAGO, IL 154,892154.9k $21.6m $21.6m 0.23% Added +928 +928
50 PUTNAM INVESTMENTS LLC 0.03% of their portfolio BOSTON, MA 154,272154.3k $21.5m $21.5m 0.03% Added +1.5k +1,534
51 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 150,330150.3k $20.9m $20.9m 0.02% Reduced -105.1k -105,060
52 GABELLI FUNDS LLC 0.16% of their portfolio Rye, NY 148,000148.0k $20.6m $20.6m 0.16% Reduced -26.4k -26,400
53 California Public Employees Retirement System 0.02% of their portfolio Sacramento, CA 146,730146.7k $20.4m $20.4m 0.02% Reduced -9.6k -9,648
54 Swiss National Bank 0.01% of their portfolio ZURICH, V8 146,700146.7k $20.4m $20.4m 0.01% Added +1.5k +1,500
55 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 137,305137.3k $19.1m $19.1m 0.02% Added +94.6k +94,633
56 Retirement Systems of Alabama 0.08% of their portfolio MONTGOMERY, AL 130,704130.7k $18.2m $18.2m 0.08% Reduced -1.1k -1,110
57 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 119,088119.1k $16.6m $16.6m 0.01% Reduced -21.5k -21,486
58 Waratah Capital Advisors Ltd. 0.83% of their portfolio TORONTO, A6 118,493118.5k $16.5m $16.5m 0.83% Added +101.7k +101,661
59 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 113,861113.9k $15.8m $15.8m 0.01% Reduced -12.8k -12,805
60 Cubist Systematic Strategies, LLC 0.17% of their portfolio STAMFORD, CT 112,870112.9k $15.7m $15.7m 0.17% New
61 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 109,737109.7k $15.3m $15.3m 0.01% Added +16.4k +16,359
62 Legal & General Group Plc 0.00% of their portfolio London, X0 105,988106.0k $14.8m $14.8m 0.00% Reduced -3.5k -3,542
63 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 103,087103.1k $14.3m $14.3m 0.00% Added +14.4k +14,437
64 AMERICAN INTERNATIONAL GROUP, INC. 0.09% of their portfolio New York, NY 100,108100.1k $13.9m $13.9m 0.09% Reduced -1.9k -1,864
65 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 91,48991.5k $12.7m $12.7m 0.05% Reduced -6.9k -6,915
66 IFP Advisors, Inc 0.43% of their portfolio TAMPA, FL 90,90690.9k $19.8m $19.8m 0.43% Added +45.4k +45,358
67 Driehaus Capital Management LLC 0.16% of their portfolio Chicago, IL 90,63890.6k $12.6m $12.6m 0.16% New
68 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 87,97388.0k $22.6m $22.6m 0.01% Reduced -88.0k -87,973
69 CORSAIR CAPITAL MANAGEMENT, L.P. 4.15% of their portfolio NEW YORK, NY 87,67587.7k $12.2m $12.2m 4.15% Reduced -1.9k -1,869
70 WINTON GROUP Ltd 1.01% of their portfolio LONDON, X0 86,39686.4k $12.0m $12.0m 1.01% New
71 Smithfield Trust Co 0.72% of their portfolio PITTSBURGH, PA 85,78085.8k $11.9m $11.9m 0.72% Reduced -348 -348
72 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio WEST SACRAMENTO, CA 83,15383.2k $11.6m $11.6m 0.02% Reduced -2.7k -2,699
73 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 77,12677.1k $10.7m $10.7m 0.01% Added +13.0k +13,022
74 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 75,96676.0k $10.6m $10.6m 0.01% Reduced -9.7k -9,708
75 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 72,58372.6k $10.1m $10.1m 0.03% Added +64.0k +63,983
76 PARTHENON LLC 1.44% of their portfolio LOUISVILLE, KY 71,66271.7k $10.0m $10.0m 1.44% Reduced -8.2k -8,150
77 UBS Group AG 0.00% of their portfolio ZURICH, V8 69,40069.4k $9.7m $9.7m 0.00% Added +14.4k +14,408
78 COMMUNITY TRUST & INVESTMENT CO 0.77% of their portfolio LEXINGTON, KY 69,05469.1k $9.6m $9.6m 0.77% Reduced -49.3k -49,270
79 RK Capital Management, LLC 2.06% of their portfolio Denver, CO 69,02069.0k $9.6m $9.6m 2.06% Reduced -31.8k -31,780
80 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 66,66166.7k $9.3m $9.3m 0.00% Added +1.3k +1,307
81 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio TALLAHASSEE, FL 66,48866.5k $9.3m $9.3m 0.02% Added +3.6k +3,600
82 Shellback Capital, LP 0.82% of their portfolio Boston, MA 66,32066.3k $9.2m $9.2m 0.82% Unchanged
83 GW&K Investment Management, LLC 0.08% of their portfolio BOSTON, MA 63,64163.6k $8.9m $8.9m 0.08% Reduced -312.6k -312,621
84 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 63,43563.4k $8.8m $8.8m 0.02% Added +2.0k +1,953
85 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 62,14862.1k $8.6m $8.6m 0.02% Reduced -100 -100
86 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 60,28360.3k $8.4m $8.4m 0.01% Reduced -18.9k -18,945
87 TEXAS PERMANENT SCHOOL FUND CORP 0.07% of their portfolio AUSTIN, TX 57,84257.8k $8.0m $8.0m 0.07% Reduced -858 -858
88 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 56,64156.6k $7.9m $7.9m 0.02% Reduced -2.2k -2,151
89 Quadrature Capital Ltd 0.17% of their portfolio LONDON, X0 56,47956.5k $7.9m $7.9m 0.17% New
90 Man Group plc 0.02% of their portfolio LONDON, X0 54,20454.2k $7.5m $7.5m 0.02% New
91 Assenagon Asset Management S.A. 0.03% of their portfolio SENNINGERBERG, N4 52,64152.6k $7.3m $7.3m 0.03% New
92 Spire Wealth Management 0.03% of their portfolio MCLEAN, VA 52,44852.4k $741.2k $741.2k 0.03% Added +1.4k +1,402
93 BRASADA CAPITAL MANAGEMENT, LP 1.59% of their portfolio HOUSTON, TX 51,79651.8k $7.2m $7.2m 1.59% Reduced -1.4k -1,424
94 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 51,08751.1k $7.1m $7.1m 0.03% Added +46.8k +46,771
95 State of Alaska, Department of Revenue 0.08% of their portfolio JUNEAU, AK 50,03450.0k $7.0m $7.0m 0.08% Reduced -906 -906
96 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 49,45049.5k $6.9m $6.9m 0.00% Reduced -1.8k -1,824
97 AMALGAMATED BANK 0.05% of their portfolio NEW YORK, NY 48,54348.5k $6.8m $6.8m 0.05% Reduced -1.2k -1,201
98 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.07% of their portfolio New York, NY 47,21347.2k $6.6m $6.6m 0.07% Reduced -4.9k -4,927
99 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 45,24845.2k $6.3m $6.3m 0.02% New
100 Foundations Investment Advisors, LLC 0.20% of their portfolio PHOENIX, AZ 44,20044.2k $6.2m $6.2m 0.20% Unchanged