CHDNNasdaqServices-Racing, Including Track OperationFiscal year ends December 31
Churchill Downs Inc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$81.97+0.27 (+0.33%)
Close on Oct 19, 2026
- Market cap
- $5.74B
- P/E (TTM)
- 14.1
- Dividend yield
- 0.53%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
85.9%
60M of 70M shares
Institutional holders
457
64 new, 50 sold out
Net institutional buying
5M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 6,675,848 | 9.10% | 13G (passive) amendment | Mar 31, 2025 |
| Vanguard Capital Management | 3,495,021 | 5.01% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CHDN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6,202,008 | 8.90% | $555.95M | −251,078 | 0.01% |
| Vanguard Portfolio Management LLC | 3,207,921 | 4.60% | $287.56M | +251,380 | 0.01% |
| Vanguard Capital Management LLC | 2,988,941 | 4.29% | $267.93M | +243,268 | 0.01% |
| FMR LLC | 2,947,784 | 4.23% | $264.24M | +1,239,325 | 0.01% |
| London Co Of Virginia | 2,464,527 | 3.54% | $220.89M | −129,294 | 1.26% |
| State Street Corp | 2,048,801 | 2.94% | $183.65M | +46,717 | 0.01% |
| Citadel Advisors LLC | 1,714,304 | 2.46% | $153.67M | +442,976 | 0.02% |
| Arrowstreet Capital, Limited Partnership | 1,444,412 | 2.07% | $129.48M | +67,722 | 0.06% |
| Geode Capital Management, LLC | 1,342,056 | 1.93% | $120.33M | −68,034 | 0.01% |
| Jennison Associates LLC | 1,257,575 | 1.80% | $112.73M | +122,857 | 0.07% |
| Balyasny Asset Management L.P. | 1,221,584 | 1.75% | $109.50M | +611,740 | 0.14% |
| Boston Partners | 1,193,534 | 1.71% | $106.74M | +56,202 | 0.09% |
| William Blair Investment Management, LLC | 1,030,121 | 1.48% | $92.34M | −63,268 | 0.28% |
| Aqr Capital Management LLC | 843,847 | 1.21% | $75.64M | +24,004 | 0.03% |
| Norges Bank | 841,176 | 1.21% | $75.40M | New | 0.01% |
| Schroder Investment Management Group | 797,387 | 1.14% | $72.46M | −41,102 | 0.05% |
| UBS Group AG | 795,607 | 1.14% | $71.32M | +528,604 | 0.01% |
| Clearbridge Investments, LLC | 786,319 | 1.13% | $70.49M | +42,278 | 0.06% |
| Bank Of America Corp /De/ | 770,846 | 1.11% | $69.10M | +142,556 | 0.00% |
| Jupiter Topco LLC | 756,190 | 1.08% | $67.79M | New | 0.03% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 457 | 60M | 85.9% | 64 / 174 | 147 / 50 | 12M | 8M |
| Q1 2026 | 450 | 56M | 80.1% | 80 / 182 | 126 / 90 | 15M | 8M |
| Q4 2025 | 465 | 55M | 79.3% | 95 / 115 | 188 / 53 | 7M | 6M |
| Q3 2025 | 434 | 54M | 77.3% | 59 / 130 | 182 / 47 | 5M | 6M |
| Q2 2025 | 425 | 55M | 79.0% | 67 / 152 | 147 / 67 | 8M | 10M |
| Q1 2025 | 429 | 57M | 82.1% | 57 / 150 | 147 / 72 | 5M | 5M |
| Q4 2024 | 451 | 57M | 82.2% | 52 / 171 | 143 / 44 | 5M | 4M |
| Q3 2024 | 451 | 57M | 81.6% | 76 / 176 | 122 / 41 | 12M | 4M |
| Q2 2024 | 420 | 57M | 82.0% | 79 / 138 | 135 / 36 | 7M | 8M |
| Q1 2024 | 380 | 58M | 83.0% | 51 / 138 | 116 / 38 | 4M | 4M |
| Q4 2023 | 370 | 59M | 84.0% | 55 / 120 | 117 / 31 | 4M | 2M |
| Q3 2023 | 351 | 57M | 81.6% | 36 / 100 | 137 / 77 | 5M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CHDN | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 2,266,644 | 3.25% | $203.18M | 0.16% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,102,328 | 3.02% | $188.45M | 0.01% | Jun 30, 2026 |
| Touchstone Funds Group Trust-Touchstone Mid Cap Fund | 1,728,524 | 2.48% | $154.94M | 3.44% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,518,844 | 2.18% | $136.15M | 0.07% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 876,192 | 1.26% | $78.54M | 0.17% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 759,319 | 1.09% | $68.07M | 0.07% | Jun 30, 2026 |
| Disciplined Value Mid Cap Fund | 577,297 | 0.83% | $51.75M | 0.22% | Jun 30, 2026 |
| VIP Mid Cap Portfolio | 572,104 | 0.82% | $51.28M | 0.54% | Jun 30, 2026 |
| Fidelity Value Fund | 544,000 | 0.78% | $45.86M | 0.44% | Jul 31, 2026 |
| Fullerthaler Behavioral Small-Cap Growth | 489,000 | 0.70% | $43.83M | 0.71% | Jun 30, 2026 |
| Vanguard Explorer Fund | 461,450 | 0.66% | $38.90M | 0.18% | Jul 31, 2026 |
| iShares S&P Mid-Cap 400 Growth ETF | 396,590 | 0.57% | $35.55M | 0.31% | Jun 30, 2026 |
| Janus Henderson Triton Fund | 384,242 | 0.55% | $34.44M | 0.58% | Jun 30, 2026 |
| PGIM Jennison Mid-Cap Growth Fund | 382,010 | 0.55% | $33.32M | 1.85% | May 29, 2026 |
| Vanguard Dividend Appreciation Index Fund | 374,632 | 0.54% | $31.58M | 0.02% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Marcia A. Dall | EVP, and CFO | 153,843 | 0.22% | Mar 20, 2026 |
| William E. Mudd | President and COO | 732,067 | 1.05% | Mar 20, 2026 |
| Bradley K. Blackwell | EVP, General Counsel | 30,934 | 0.04% | Feb 9, 2026 |
| William C. Carstanjen | Chief Executive Officer | 1,685,609 | 2.42% | Feb 9, 2026 |
| Maureen Adams | EVP, Gaming Operations | 16,558 | 0.02% | Jan 5, 2026 |
| Douglas C. Grissom | Director | 43,006 | 0.06% | Jul 2, 2026 |
| Richard Alex Rankin | Director | 101,468 | 0.15% | Apr 23, 2026 |
| Daniel P. Harrington | Director | 1,271,438 | 1.82% | Apr 23, 2026 |
| Karole Lloyd | Director | 40,317 | 0.06% | Apr 23, 2026 |
| Paul C. Varga | Director | 35,557 | 0.05% | Apr 23, 2026 |
| Andrea M. Carter | Director | 7,958 | 0.01% | Apr 23, 2026 |
| Ulysses L. Bridgeman Jr | Director | 51,771 | 0.07% | Jan 7, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Douglas C. Grissom Director | Jun 30, 2026 | Award | +383.48 | – | – | 43,006 |
| Douglas C. Grissom Director | Apr 21, 2026 | Award | +2,257 | – | – | 42,622 |
| Karole Lloyd Director | Apr 21, 2026 | Award | +2,257 | – | – | 40,317 |
| Richard Alex Rankin Director | Apr 21, 2026 | Award | +2,257 | – | – | 101,468 |
| Daniel P. Harrington Director | Apr 21, 2026 | Award | +0 | – | – | 1,145,352 |
| Daniel P. Harrington Director | Apr 21, 2026 | Award | +2,257 | – | – | 126,086 |
| Andrea M. Carter Director | Apr 21, 2026 | Award | +2,257 | – | – | 7,958 |
| Paul C. Varga Director | Apr 21, 2026 | Award | +2,257 | – | – | 35,557 |
| Douglas C. Grissom Director | Mar 31, 2026 | Award | +382.67 | – | – | 40,365 |
| Bradley K. Blackwell EVP, General Counsel | Feb 5, 2026 | Tax withholding | −1,835 | $93.69 | $171.92K | 30,934 |
| Bradley K. Blackwell EVP, General Counsel | Feb 5, 2026 | Award | +6,104 | – | – | 32,769 |
| Marcia A. Dall EVP, and CFO | Feb 5, 2026 | Tax withholding | −3,944 | $93.69 | $369.51K | 153,843 |
| Marcia A. Dall EVP, and CFO | Feb 5, 2026 | Award | +12,207 | – | – | 157,787 |
| William E. Mudd President and COO | Feb 5, 2026 | Returned to company | −16,648 | $93.69 | $1.56M | 732,067 |
| William E. Mudd President and COO | Feb 5, 2026 | Award | +16,648 | – | – | 748,715 |
| William C. Carstanjen Chief Executive Officer | Feb 5, 2026 | Returned to company | −37,727 | $93.69 | $3.53M | 1,685,609 |
| William C. Carstanjen Chief Executive Officer | Feb 5, 2026 | Award | +37,727 | – | – | 1,723,336 |
| Douglas C. Grissom Director | Jan 6, 2026 | Award | +116.68 | – | – | 39,983 |
| Karole Lloyd Director | Jan 6, 2026 | Award | +59.98 | – | – | 38,060 |
| Richard Alex Rankin Director | Jan 6, 2026 | Award | +199.38 | – | – | 99,211 |
| Daniel P. Harrington Director | Jan 6, 2026 | Award | +476.98 | – | – | 123,829 |
| Daniel P. Harrington Director | Jan 6, 2026 | Award | +0 | – | – | 1,145,352 |
| Paul C. Varga Director | Jan 6, 2026 | Award | +39.45 | – | – | 33,300 |
| Andrea M. Carter Director | Jan 6, 2026 | Award | +17.11 | – | – | 5,701 |
| William C. Carstanjen Chief Executive Officer | Dec 31, 2025 | Returned to company | −8,113 | $113.78 | $923.10K | 1,685,609 |
| William C. Carstanjen Chief Executive Officer | Dec 31, 2025 | Tax withholding | −8,504 | $113.78 | $967.59K | 1,693,722 |
| William C. Carstanjen Chief Executive Officer | Dec 31, 2025 | Option exercise | +26,711 | – | – | 1,702,226 |
| Douglas C. Grissom Director | Dec 31, 2025 | Award | +302.12 | – | – | 39,866 |
| Bradley K. Blackwell EVP, General Counsel | Dec 31, 2025 | Returned to company | −2,299 | $113.78 | $261.58K | 26,665 |
| Bradley K. Blackwell EVP, General Counsel | Dec 31, 2025 | Tax withholding | −1,349 | $113.78 | $153.49K | 28,964 |
| Bradley K. Blackwell EVP, General Counsel | Dec 31, 2025 | Option exercise | +5,258 | – | – | 30,313 |
| Maureen Adams EVP, Gaming Operations | Dec 31, 2025 | Option exercise | +2,959 | – | – | 16,558 |
| Maureen Adams EVP, Gaming Operations | Dec 31, 2025 | Tax withholding | −1,437 | $113.78 | $163.50K | 15,121 |
| William E. Mudd President and COO | Dec 31, 2025 | Tax withholding | −3,676 | $113.78 | $418.26K | 737,476 |
| William E. Mudd President and COO | Dec 31, 2025 | Option exercise | +13,477 | – | – | 741,152 |
| William E. Mudd President and COO | Dec 31, 2025 | Returned to company | −5,409 | $113.78 | $615.44K | 732,067 |
| Marcia A. Dall EVP, and CFO | Dec 31, 2025 | Tax withholding | −2,839 | $113.78 | $323.02K | 145,580 |
| Marcia A. Dall EVP, and CFO | Dec 31, 2025 | Option exercise | +6,060 | – | – | 148,419 |
| William E. Mudd President and COO | Dec 26, 2025 | Gift | −5,730 | – | – | 727,286 |
| Marcia A. Dall EVP, and CFO | Dec 22, 2025 | Gift | −12,800 | – | – | 142,359 |
| William E. Mudd President and COO | Oct 30, 2025 | Tax withholding | −43,258 | $100.40 | $4.34M | 733,016 |
| William E. Mudd President and COO | Oct 30, 2025 | Option exercise | +94,966 | – | – | 776,274 |
| William C. Carstanjen Chief Executive Officer | Oct 30, 2025 | Tax withholding | −68,071 | $100.40 | $6.83M | 1,675,515 |
| William C. Carstanjen Chief Executive Officer | Oct 30, 2025 | Option exercise | +151,942 | – | – | 1,743,586 |
| Douglas C. Grissom Director | Sep 30, 2025 | Award | +354.34 | – | – | 39,564 |
| Douglas C. Grissom Director | Jun 30, 2025 | Award | +340.35 | – | – | 39,209 |
| Douglas C. Grissom Director | May 7, 2025 | Buy | +10,000 | $92.77 | $927.70K | 38,869 |
| Richard Alex Rankin Director | May 5, 2025 | Buy | +2,000 | $92.65 | $185.30K | 99,012 |
| Paul C. Varga Director | May 2, 2025 | Buy | +2,000 | $92.97 | $185.94K | 33,260 |
| Paul C. Varga Director | Apr 24, 2025 | Award | +2,329.81 | – | – | 31,260 |
| Richard Alex Rankin Director | Apr 24, 2025 | Award | +2,329.81 | – | – | 97,012 |
| Andrea M. Carter Director | Apr 24, 2025 | Award | +2,329.81 | – | – | 5,684 |
| Karole Lloyd Director | Apr 24, 2025 | Award | +2,329.81 | – | – | 38,000 |
| Daniel P. Harrington Director | Apr 24, 2025 | Award | +0 | – | – | 1,145,352 |
| Daniel P. Harrington Director | Apr 24, 2025 | Award | +2,329.81 | – | – | 123,352 |
| Douglas C. Grissom Director | Apr 24, 2025 | Award | +2,329.81 | – | – | 28,869 |
| Douglas C. Grissom Director | Mar 31, 2025 | Award | +309.49 | – | – | 26,849 |
| Bradley K. Blackwell EVP, General Counsel | Feb 10, 2025 | Option exercise | +1,634 | – | – | 25,622 |
| Bradley K. Blackwell EVP, General Counsel | Feb 10, 2025 | Tax withholding | −745 | $122.43 | $91.21K | 24,877 |
| Maureen Adams EVP, Gaming Operations | Feb 10, 2025 | Option exercise | +1,486 | – | – | 14,069 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Robert L. Fealy Former Director | Sep 23, 2024 | 1,000 | $137.14K | Sep 23, 2024 | Restricted Stock Vesting |
| Robert L. Fealy Former Director | Sep 9, 2024 | 4,879 | $683.06K | Sep 9, 2024 | Restricted Stock Vesting |
| Robert L. Fealy Former Director | Aug 29, 2024 | 5,121 | $720.28K | Aug 29, 2024 | Restricted Stock Vesting |
| Robert L. Fealy Former Director | Aug 29, 2024 | 18,277 | $2.56M | Aug 29, 2024 | Restricted Stock Vesting |
| Robert L. Fealy Former Director | Aug 26, 2024 | 1,723 | $240.36K | Aug 26, 2024 | Restricted Stock Vesting |
| Robert L. Fealy Former Director | Aug 23, 2024 | 15,000 | $2.08M | Aug 23, 2024 | Restricted Stock Vesting |