Churchill Downs Inc: which funds bought and sold

Institutions that bought and sold Churchill Downs shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 231 institutions that filed 13F reports for both quarters added to or opened positions in Churchill Downs, and 195 cut or closed them. Together they added a net 3.4M shares, +6.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 2.8M shares (+13.9%); index fund managers were net buyers of 287K shares (+1.6%). 57 opened a new position and 49 sold out entirely.

Bought, Q2 2026 231 institutions, 57 of them new holders Sold, Q2 2026 195 institutions, 49 of them sold out

Net change, all compared +3.4M shares (+6.3%)

Net change, active managers +2.8M shares (+13.9%), 44 bought, 33 sold

Buyers versus sellers

institutions compared, 498

231 bought 72 195 sold

Active managers and hedge funds 44 bought · 33 sold · +2.8M

Index fund managers 6 bought · 5 sold · +287K

Other institutions 181 bought · 157 sold · +352K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
FMR LLC Active manager	+1.2M +72.5%	2.9M	$264M
Fuller & Thaler Asset Management, Inc.	+729K New position	729K	$65.3M
Balyasny Asset Management L.P. Hedge fund	+612K +100.3%	1.2M	$110M
UBS Group AG	+529K +198.0%	796K	$71.3M
Citadel Advisors LLC Hedge fund	+443K +34.8%	1.7M	$154M
Qube Research & Technologies Ltd Hedge fund	+403K +142.9%	685K	$61.4M
Long Pond Capital, LP	+398K New position	398K	$35.7M
Gotham Asset Management, LLC Hedge fund	+397K +157.9%	649K	$58.2M
Sapient Capital LLC	+359K +596.9%	419K	$37.6M
Interval Partners, LP Hedge fund	+341K +202.0%	510K	$45.7M
Cinctive Capital Management LP Hedge fund	+317K +1079.8%	347K	$31.1M
Two Sigma Investments, LP Hedge fund	+314K +121.2%	572K	$51.3M
Solel Partners LP	+282K New position	282K	$25.3M
Vanguard Portfolio Management LLC Index funds	+251K +8.5%	3.2M	$288M
Vanguard Capital Management LLC Index funds	+243K +8.9%	3.0M	$268M
Penn Capital Management Company, LLC Active manager	+172K New position	172K	$15.4M
Freestone Grove Partners LP Hedge fund	+171K +1022.9%	187K	$16.8M
Renaissance Technologies LLC Hedge fund	+165K New position	165K	$14.8M
Goldman Sachs Group Inc	+150K +70.3%	364K	$32.6M
Squarepoint Ops LLC Hedge fund	+147K New position	147K	$13.2M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
FMR LLC Active manager	+1.2M +72.5%	2.9M	$264M
Balyasny Asset Management L.P. Hedge fund	+612K +100.3%	1.2M	$110M
Citadel Advisors LLC Hedge fund	+443K +34.8%	1.7M	$154M
Qube Research & Technologies Ltd Hedge fund	+403K +142.9%	685K	$61.4M
Gotham Asset Management, LLC Hedge fund	+397K +157.9%	649K	$58.2M
Interval Partners, LP Hedge fund	+341K +202.0%	510K	$45.7M
Cinctive Capital Management LP Hedge fund	+317K +1079.8%	347K	$31.1M
Two Sigma Investments, LP Hedge fund	+314K +121.2%	572K	$51.3M
Penn Capital Management Company, LLC Active manager	+172K New position	172K	$15.4M
Freestone Grove Partners LP Hedge fund	+171K +1022.9%	187K	$16.8M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Capital International Investors Active manager	−982K Sold out	0	—
Ameriprise Financial Inc	−606K −83.9%	117K	$10.4M
Junto Capital Management LP Hedge fund	−575K Sold out	0	—
Thrivent Financial For Lutherans	−567K −97.5%	15K	$1.3M
Alua Capital Management LP	−540K Sold out	0	—
Hudson Way Capital Management LLC	−502K −57.7%	368K	$33M
Arrowmark Colorado Holdings LLC	−483K −67.5%	233K	$20.9M
Blackrock, Inc. Index funds	−251K −3.9%	6.2M	$556M
Millennium Management LLC Hedge fund	−241K −54.5%	202K	$18.1M
Tudor Investment Corp Et Al Hedge fund	−156K Sold out	0	—
1060 Capital, LLC	−150K Sold out	0	—
Susquehanna International Group, LLP	−130K −81.4%	30K	$2.7M
Jain Global LLC Hedge fund	−130K −97.2%	3,734	$334,716
London Co Of Virginia Active manager	−129K −5.0%	2.5M	$221M
J. Goldman & Co LP Hedge fund	−129K −96.2%	5,137	$460,481
Loomis Sayles & Co L P Active manager	−125K −38.7%	198K	$17.7M
Kettle Hill Capital Management, LLC	−97K −32.7%	200K	$17.9M
Toronto Dominion Bank	−88K −58.3%	63K	$5.7M
Trexquant Investment LP Hedge fund	−79K −29.6%	189K	$16.9M
Lighthouse Investment Partners, LLC Hedge fund	−77K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Capital International Investors Active manager	−982K Sold out	0	—
Junto Capital Management LP Hedge fund	−575K Sold out	0	—
Millennium Management LLC Hedge fund	−241K −54.5%	202K	$18.1M
Tudor Investment Corp Et Al Hedge fund	−156K Sold out	0	—
Jain Global LLC Hedge fund	−130K −97.2%	3,734	$334,716
London Co Of Virginia Active manager	−129K −5.0%	2.5M	$221M
J. Goldman & Co LP Hedge fund	−129K −96.2%	5,137	$460,481
Loomis Sayles & Co L P Active manager	−125K −38.7%	198K	$17.7M
Trexquant Investment LP Hedge fund	−79K −29.6%	189K	$16.9M
Lighthouse Investment Partners, LLC Hedge fund	−77K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Fuller & Thaler Asset Management, Inc.	729K	$65.3M
Long Pond Capital, LP	398K	$35.7M
Solel Partners LP	282K	$25.3M
Penn Capital Management Company, LLCActive manager	172K	$15.4M
Renaissance Technologies LLCHedge fund	165K	$14.8M
Squarepoint Ops LLCHedge fund	147K	$13.2M
Assenagon Asset Management S.A.	116K	$10.4M
Rheos Capital Works Inc.	100K	$9M
Summittx Capital, L.P.	78K	$7M
Hillsdale Investment Management Inc.	53K	$4.8M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Capital International InvestorsActive manager	982K	$88.2M
Junto Capital Management LPHedge fund	575K	$51.7M
Alua Capital Management LP	540K	$48.5M
Tudor Investment Corp Et AlHedge fund	156K	$14M
1060 Capital, LLC	150K	$13.5M
Lighthouse Investment Partners, LLCHedge fund	77K	$6.9M
Castleark Management LLC	68K	$6.1M
Landmark Investment Partners, L.P.	64K	$5.7M
Susquehanna Portfolio Strategies, LLC	33K	$3M
Empowered Funds, LLC	19K	$1.7M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 456
Ten largest holders: 42.8%
Index fund managers: 29.9%
Active managers and hedge funds: 38.2%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	44	33	10	8	+2.8M	+13.9%
Index fund managers	6	5	0	0	+287K	+1.6%
Other institutions	181	157	47	41	+352K	+2.1%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Churchill Downs.

Only managers that filed a holdings report for both quarters are compared (498 here). 15 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

← Back to Churchill Downs Inc · Insiders · Politicians