Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Churchill Downs Inc (CHDN)

449 + Investors. Track Smart Money conviction in CHDN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +11
Streak
1Q ▲
Buyers last Q
53%

Smart Money Signals — CHDN

Based on 459 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added CHDN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
459 hedge funds hold CHDN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+37 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 53% buying

240 buying209 selling
Last quarter: 240 funds bought or added vs 209 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-16 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 59 → 96 → 84 → 68. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 20% medium ■ 19% new
278 out of 459 hedge funds have held CHDN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~68 new funds/quarter

72 → 59 → 96 → 84 → 68 new funds/Q
New funds entering each quarter: 59 → 96 → 84 → 68. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 21% newcomers

■ 66% veterans ■ 13% 1-2yr ■ 21% new
Entry-cohort mix of 478 holders: 316 (66%) are 2+ year veterans, 60 entered 1–2 years ago, and 102 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
62 of 456 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in CHDN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CHDN

In 2026 Q2, 240 hedge funds were net buyers of CHDN (68 opened a new position, 172 added to an existing one), while 209 reduced or exited (152 trimmed, 57 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 51% of total institutional value in CHDN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +11 funds (more new holders than closures). Total institutional holders: 459.

Hedge Fund Ownership: CHDN

How many hedge funds hold CHDN — quarterly history vs. share price
Quarterly hedge fund ownership of CHDN vs. share price

Market Analysis: CHDN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CHDN

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 3 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: CHDN
449 + Investors

Track Smart Money conviction in CHDN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 449 448 0.22%
13F Shares 63M 57M 11.4%
Total Value $5.47B $4.84B 13.0%
New Positions 64 84 -20
Increased Positions 169 177 -8
Closed Positions 60 93 -33
Reduced Positions 144 124 +20
Total Calls 12 7 71.43%
Total Puts 10 7 42.86%
PUT/CALL Ratio 0.83 1.0 Neutral

Statistics: CHDN

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Institutional Holders (2026 Q2)

449 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CHDN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CHDN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Orvieto Partners, L.P. 8.47% 145,120 $13.0M
2 Nitorum Capital, L.P. 5.77% 94,570 $8.5M
3 Bayberry Capital Partners LP 5.50% 178,000 $16.0M
4 Kettle Hill Capital Management, LLC 4.40% 199,608 $17.9M
5 Solel Partners LP 4.29% 281,700 $25.3M
6 Long Pond Capital, LP 3.43% 398,419 $35.7M
7 Bridger Management, LLC 3.42% 57,179 $5.1M
8 Hudson Way Capital Management LLC 2.94% 368,054 $33.0M
9 CM Management, LLC 1.57% 27,500 $2.5M
10 London Co of Virginia 1.26% 2,464,527 $220.9M
11 Sage Investment Advisers LLC 1.20% 19,837 $1.8M
12 Interval Partners, LP 1.18% 510,002 $45.7M
13 Aurora Investment Counsel 1.17% 25,269 $2.3M
14 Cinctive Capital Management LP 1.14% 346,859 $31.1M
15 Skylands Capital, LLC 1.14% 103,250 $9.3M
16 Town & Country Bank & Trust CO dba First Bankers Trust CO 1.09% 39,203 $3.5M
17 Semanteon Capital Management, LP 1.06% 2,628 $236K
18 BankChampaign, National Association 1.05% 15,240 $1.4M
19 Atlanta Consulting Group Advisors, LLC 1.01% 70,973 $6.4M
20 Penn Capital Management Company, LLC 0.98% 171,671 $15.4M
21 Community Trust & Investment Co 0.94% 203,165 $18.2M
22 ArrowMark Colorado Holdings LLC 0.87% 232,896 $20.9M
23 Kentucky Farm Bureau Mutual Insurance Co 0.80% 32,000 $2.9M
24 Stock Yards Bank & Trust Co 0.73% 284,306 $25.5M
25 Fieldview Capital Management, LLC 0.72% 28,334 $2.5M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Churchill Downs Inc (CHDN)

What does the Smart Money Trend signal show for CHDN?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added CHDN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CHDN?

Slight buying edge — 53% buying: Last quarter: 240 funds bought or added vs 209 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CHDN holders?

Elite ownership — 51% AUM from top-100 funds: 62 of 456 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in CHDN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CHDN?

61% of holders stayed for 2+ years: 278 out of 459 hedge funds have held CHDN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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