CHURCHILL DOWNS INC CHDN
COM · Common Stock · CUSIP 171484108 · ISIN US1714841087
American horse racing and gaming company
- SectorConsumer discretionary
- IndustryServices-Racing, Including Track Operation
- HeadquartersLouisville, KY
- Founded1875
- Websitechurchilldownsincorporated.com
- FilingsSEC EDGAR
* 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 ($24.1m this quarter). Holder counts are more reliable. Shares outstanding: 69.7m as of 2026-07-22, 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 ≈ $89.65. Options: 15 managers hold calls ($65.8m notional), 13 hold puts ($266.7m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 331 |
| Q4 2022 | 322 |
| Q1 2023 | 354 |
| Q2 2023 | 395 |
| Q3 2023 | 352 |
| Q4 2023 | 370 |
| Q1 2024 | 380 |
| Q2 2024 | 421 |
| Q3 2024 | 451 |
| Q4 2024 | 452 |
| Q1 2025 | 430 |
| Q2 2025 | 427 |
| Q3 2025 | 434 |
| Q4 2025 | 465 |
| Q1 2026 | 450 |
| Q2 2026 | 459 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 243 | 163 |
| Q4 2024 | 203 | 187 |
| Q1 2025 | 197 | 220 |
| Q2 2025 | 215 | 214 |
| Q3 2025 | 184 | 229 |
| Q4 2025 | 188 | 240 |
| Q1 2026 | 251 | 214 |
| Q2 2026 | 233 | 197 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $8.1m | $38.4m | 4.77 |
| Q4 2025 | $32.8m | $4.9m | 0.15 |
| Q1 2026 | $29.1m | $68.0m | 2.33 |
| Q2 2026 | $65.8m | $266.7m | 4.05 |
Biggest buyers
| FMR LLC | Added | +1.2m |
| FULLER & THALER ASSET MANAGEMENT, INC. | New | +728.5k |
| Balyasny Asset Management L.P. | Added | +611.7k |
| UBS Group AG | Added | +528.6k |
| CITADEL ADVISORS LLC | Added | +443.0k |
| Qube Research & Technologies Ltd | Added | +403.2k |
| Long Pond Capital, LP | New | +398.4k |
| Gotham Asset Management, LLC | Added | +397.2k |
| SAPIENT CAPITAL LLC | Added | +358.8k |
| Interval Partners, LP | Added | +341.1k |
Biggest sellers
| Capital International Investors | Sold out | -981.8k |
| AMERIPRISE FINANCIAL INC | Reduced | -605.7k |
| Junto Capital Management LP | Sold out | -575.5k |
| Thrivent Financial for Lutherans | Reduced | -567.4k |
| Alua Capital Management LP | Sold out | -539.9k |
| Hudson Way Capital Management LLC | Reduced | -502.3k |
| ArrowMark Colorado Holdings LLC | Reduced | -482.9k |
| VESTOR CAPITAL, LLC | Reduced | -396.1k |
| BlackRock, Inc. | Reduced | -251.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -241.3k |
Biggest calls
| Balyasny Asset Management L.P. | New | $19.0m212.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.1m156.9k shares |
| Interval Partners, LP | New | $9.8m109.6k shares |
| Lighthouse Investment Partners, LLC | New | $4.5m50.0k shares |
| JANE STREET GROUP, LLC | Added | $3.5m39.3k shares |
| BARCLAYS PLC | New | $3.5m38.9k shares |
| CITADEL ADVISORS LLC | Added | $2.7m30.3k shares |
| GOLDMAN SACHS GROUP INC | New | $2.7m30.0k shares |
| IMC-Chicago, LLC | Reduced | $2.4m26.7k shares |
| GROUP ONE TRADING LLC | Added | $1.8m20.0k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $140.1m1.6m shares |
| BARCLAYS PLC | New | $75.7m845.0k shares |
| MILLENNIUM MANAGEMENT LLC | New | $17.9m200.0k shares |
| GOLDMAN SACHS GROUP INC | New | $9.0m100.0k shares |
| CITADEL ADVISORS LLC | Added | $8.9m99.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.7m97.4k shares |
| GROUP ONE TRADING LLC | Reduced | $2.2m25.0k shares |
| IMC-Chicago, LLC | Reduced | $1.9m21.2k shares |
| SIMPLEX TRADING, LLC | New | $860.5k9.6k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $555.8k6.2k 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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-24 | 9.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
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 since 1 Apr 2026
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 3 | $1.3m | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 6.2m $555.9m | Reduced -251.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 3.2m $287.6m | Added +251.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.0m $267.9m | Added +243.3k |
| FMR LLC 0.01% of their portfolio | 2.9m $264.2m | Added +1.2m |
| LONDON CO OF VIRGINIA 1.26% of their portfolio | 2.5m $220.9m | Reduced -129.3k |
| STATE STREET CORP 0.01% of their portfolio | 2.0m $183.7m | Added +46.7k |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 1.7m $153.7m | Added +443.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 1.4m $129.5m | Added +67.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.3m $120.3m | Reduced -68.0k |
| JENNISON ASSOCIATES LLC 0.07% of their portfolio | 1.3m $112.7m | Added +122.9k |
| Balyasny Asset Management L.P. 0.20% of their portfolio | 1.2m $109.5m | Added +611.7k |
| Boston Partners 0.09% of their portfolio | 1.2m $106.7m | Added +56.2k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.28% of their portfolio | 1.0m $92.3m | Reduced -63.3k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 843.8k $75.6m | Added +24.0k |
| NORGES BANK 0.01% of their portfolio | 841.2k $75.4m | Not comparable |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 797.4k $72.5m | Reduced -41.1k |
| UBS Group AG 0.01% of their portfolio | 795.6k $71.3m | Added +528.6k |
| Clearbridge Investments, LLC 0.06% of their portfolio | 786.3k $70.5m | Added +42.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 770.8k $69.1m | Added +142.6k |
| Jupiter Topco LLC 0.03% of their portfolio | 756.2k $67.8m | First filing |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.18% of their portfolio | 728.5k $65.3m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 710.2k $63.7m | Added +40.9k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 685.3k $61.4m | Added +403.2k |
| GW&K Investment Management, LLC 0.46% of their portfolio | 653.4k $58.6m | Reduced -15.0k |
| Gotham Asset Management, LLC 0.14% of their portfolio | 648.7k $58.2m | Added +397.2k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 572.3k $51.3m | Added +313.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 570.4k $51.1m | Added +121.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 557.8k $50.0m | Added +2.0k |
| Interval Partners, LP 1.47% of their portfolio | 510.0k $45.7m | Added +341.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 505.3k $45.3m | Reduced -8.0k |
| Apollo Management Holdings, L.P. 0.63% of their portfolio | 499.5k $44.8m | Added +22.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 443.8k $39.8m | Reduced -23.7k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 419.5k $37.6m | Added +5.1k |
| SAPIENT CAPITAL LLC 0.49% of their portfolio | 419.0k $37.6m | Added +358.8k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 416.3k $37.3m | Added +46.3k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 411.2k $36.6m | Added +50.8k |
| Long Pond Capital, LP 3.74% of their portfolio | 398.4k $35.7m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 371.1k $33.3m | Added +6.0k |
| Hudson Way Capital Management LLC 2.94% of their portfolio | 368.1k $33.0m | Reduced -502.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 364.2k $32.6m | Added +150.3k |
| Cinctive Capital Management LP 1.24% of their portfolio | 346.9k $31.1m | Added +317.5k |
| MORGAN STANLEY 0.00% of their portfolio | 341.5k $30.6m | Reduced -49.4k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 328.3k $29.4m | Added +1.7k |
| ProShare Advisors LLC 0.04% of their portfolio | 291.6k $26.1m | Added +39.9k |
| STOCK YARDS BANK & TRUST CO 0.73% of their portfolio | 284.3k $25.5m | Reduced -10.8k |
| Solel Partners LP 4.29% of their portfolio | 281.7k $25.3m | New |
| Copeland Capital Management, LLC 0.48% of their portfolio | 261.1k $23.4m | Reduced -4.5k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 255.7k $22.9m | Added +86.1k |
| Rockefeller Capital Management L.P. 0.03% of their portfolio | 238.5k $21.4m | Added +73.4k |
| ArrowMark Colorado Holdings LLC 0.87% of their portfolio | 232.9k $20.9m | Reduced -482.9k |
| Tidal Investments LLC 0.05% of their portfolio | 226.8k $20.3m | Added +69.1k |
| GAMCO INVESTORS, INC. ET AL 0.18% of their portfolio | 222.8k $20.0m | Reduced -2.0k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.39% of their portfolio | 221.0k $19.8m | Added +1.4k |
| Baird Financial Group, Inc. 0.03% of their portfolio | 205.6k $18.4m | Reduced -41.1k |
| COMMUNITY TRUST & INVESTMENT CO 0.94% of their portfolio | 203.2k $18.2m | Added +364 |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 201.5k $18.1m | Reduced -241.3k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 4.40% of their portfolio | 199.6k $17.9m | Reduced -97.0k |
| Glenview Trust Co 0.24% of their portfolio | 197.6k $17.7m | Reduced -5.8k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 197.5k $17.7m | Reduced -124.9k |
| HRT FINANCIAL LP 0.04% of their portfolio | 193.7k $17.4m | Added +113.3k |
| Retirement Systems of Alabama 0.05% of their portfolio | 191.0k $17.1m | Reduced -12.7k |
| Trexquant Investment LP 0.10% of their portfolio | 188.8k $16.9m | Reduced -79.3k |
| SEGALL BRYANT & HAMILL, LLC 0.20% of their portfolio | 188.1k $16.9m | Added +35.9k |
| Freestone Grove Partners LP 0.11% of their portfolio | 187.3k $16.8m | Added +170.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 179.2k $16.1m | Added +8.8k |
| Bayberry Capital Partners LP 5.50% of their portfolio | 178.0k $16.0m | Reduced -37.0k |
| Invesco Ltd. 0.00% of their portfolio | 177.1k $15.9m | Added +7.5k |
| Quantinno Capital Management LP 0.02% of their portfolio | 172.0k $15.4m | Added +64.5k |
| Penn Capital Management Company, LLC 0.98% of their portfolio | 171.7k $15.4m | New |
| Woodline Partners LP 0.05% of their portfolio | 170.8k $15.3m | Added +22.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 168.6k $15.1m | Reduced -11.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 168.2k $15.6m | Added +1.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 165.2k $14.8m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 161.1k $14.4m | Added +26.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 154.4k $13.8m | Added +119.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 150.3k $13.5m | Added +1.3k |
| GABELLI FUNDS LLC 0.09% of their portfolio | 148.6k $13.3m | Reduced -244 |
| Squarepoint Ops LLC 0.03% of their portfolio | 147.2k $13.2m | New |
| Orvieto Partners, L.P. 9.81% of their portfolio | 145.1k $13.0m | Added +49.4k |
| Focus Partners Wealth 0.01% of their portfolio | 139.6k $12.5m | Reduced -153 |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.51% of their portfolio | 138.2k $12.4m | Reduced -22.0k |
| Swiss National Bank 0.01% of their portfolio | 125.9k $11.3m | Added +1.8k |
| BARCLAYS PLC 0.00% of their portfolio | 124.5k $11.2m | Added +66.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 123.4k $11.1m | Added +310 |
| Clearline Capital LP 0.69% of their portfolio | 119.0k $10.7m | Reduced -1.3k |
| Nuveen, LLC 0.00% of their portfolio | 118.7k $10.6m | Added +15.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 116.5k $10.4m | Reduced -605.7k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 116.3k $10.4m | New |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 116.2k $10.4m | Added +900 |
| Skylands Capital, LLC 1.14% of their portfolio | 103.2k $9.3m | Added +29.9k |
| Rheos Capital Works Inc. 0.51% of their portfolio | 100.0k $9.0m | New |
| Cerity Partners LLC 0.01% of their portfolio | 99.1k $8.9m | Added +12.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 99.0k $8.9m | Added +67.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 96.7k $8.7m | Reduced -26.7k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 95.8k $8.6m | Added +67.5k |
| Nitorum Capital, L.P. 5.77% of their portfolio | 94.6k $8.5m | Added +17.6k |
| Verition Fund Management LLC 0.06% of their portfolio | 92.8k $8.3m | Reduced -9.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 92.4k $8.3m | Added +44.9k |
| INTECH INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 84.8k $7.6m | Reduced -8.1k |
| Legal & General Group Plc 0.00% of their portfolio | 84.6k $7.6m | Reduced -1.5k |