Churchill Downs Inc (CHDN) shareholders
CHDNNasdaqServices-Racing, Including Track OperationFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 13/3036% below fair value
$99.72+0.10 (+0.10%)
Close on Nov 13, 2026Market cap $6.84BP/E 15.4Yield 0.44%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
87.4%
60M of 69M 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 |
| Abigail P. Johnson Joint filing with FMR LLC (6.30%) | 4,397,588 | 6.30% | 13G (passive) | Sep 30, 2026 |
| 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 | 9.05% | $555.95M | −251,078 | 0.01% |
| Vanguard Portfolio Management LLC | 3,207,921 | 4.68% | $287.56M | +251,380 | 0.01% |
| Vanguard Capital Management LLC | 2,988,941 | 4.36% | $267.93M | +243,268 | 0.01% |
| FMR LLC | 2,947,784 | 4.30% | $264.24M | +1,239,325 | 0.01% |
| London Co Of Virginia | 2,464,527 | 3.60% | $220.89M | −129,294 | 1.26% |
| State Street Corp | 2,048,801 | 2.99% | $183.65M | +46,717 | 0.01% |
| Citadel Advisors LLC | 1,714,304 | 2.50% | $153.67M | +442,976 | 0.02% |
| Arrowstreet Capital, Limited Partnership | 1,444,412 | 2.11% | $129.48M | +67,722 | 0.06% |
| Geode Capital Management, LLC | 1,342,056 | 1.96% | $120.33M | −68,034 | 0.01% |
| Jennison Associates LLC | 1,257,575 | 1.83% | $112.73M | +122,857 | 0.07% |
| Balyasny Asset Management L.P. | 1,221,584 | 1.78% | $109.50M | +611,740 | 0.14% |
| Boston Partners | 1,193,534 | 1.74% | $106.74M | +56,202 | 0.09% |
| William Blair Investment Management, LLC | 1,030,121 | 1.50% | $92.34M | −63,268 | 0.28% |
| Aqr Capital Management LLC | 843,847 | 1.23% | $75.64M | +24,004 | 0.03% |
| Norges Bank | 841,176 | 1.23% | $75.40M | New | 0.01% |
| Schroder Investment Management Group | 797,387 | 1.16% | $72.46M | −41,102 | 0.05% |
| UBS Group AG | 795,607 | 1.16% | $71.32M | +528,604 | 0.01% |
| Clearbridge Investments, LLC | 786,319 | 1.15% | $70.49M | +42,278 | 0.06% |
| Bank Of America Corp /De/ | 770,846 | 1.12% | $69.10M | +142,556 | 0.00% |
| Jupiter Topco LLC | 756,190 | 1.10% | $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 | 87.4% | 64 / 174 | 147 / 50 | 12M | 8M |
| Q1 2026 | 450 | 56M | 81.4% | 80 / 182 | 126 / 90 | 15M | 8M |
| Q4 2025 | 465 | 55M | 80.6% | 95 / 115 | 188 / 53 | 7M | 6M |
| Q3 2025 | 434 | 54M | 78.6% | 59 / 130 | 182 / 47 | 5M | 6M |
| Q2 2025 | 425 | 55M | 80.3% | 67 / 152 | 147 / 67 | 8M | 10M |
| Q1 2025 | 429 | 57M | 83.5% | 57 / 150 | 147 / 72 | 5M | 5M |
| Q4 2024 | 451 | 57M | 83.6% | 52 / 171 | 143 / 44 | 5M | 4M |
| Q3 2024 | 451 | 57M | 82.9% | 76 / 176 | 122 / 41 | 12M | 4M |
| Q2 2024 | 420 | 57M | 83.4% | 79 / 138 | 135 / 36 | 7M | 8M |
| Q1 2024 | 380 | 58M | 84.4% | 51 / 138 | 116 / 38 | 4M | 4M |
| Q4 2023 | 370 | 59M | 85.4% | 55 / 120 | 117 / 31 | 4M | 2M |
| Q3 2023 | 351 | 57M | 82.9% | 36 / 100 | 137 / 77 | 5M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
400 funds held CHDN in Q2 2026, 49% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of CHDN | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 2,266,644 | 3.31% | $203.18M | 0.16% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,102,328 | 3.07% | $188.45M | 0.01% | Jun 30, 2026 |
| Touchstone Funds Group Trust-Touchstone Mid Cap Fund | 1,728,524 | 2.52% | $154.94M | 3.44% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,518,844 | 2.22% | $136.15M | 0.07% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 876,192 | 1.28% | $78.54M | 0.17% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 759,319 | 1.11% | $68.07M | 0.07% | Jun 30, 2026 |
| Disciplined Value Mid Cap Fund | 577,297 | 0.84% | $51.75M | 0.22% | Jun 30, 2026 |
| VIP Mid Cap Portfolio | 572,104 | 0.83% | $51.28M | 0.54% | Jun 30, 2026 |
| Fidelity Value Fund | 544,000 | 0.79% | $45.86M | 0.44% | Jul 31, 2026 |
| Fullerthaler Behavioral Small-Cap Growth | 489,000 | 0.71% | $43.83M | 0.71% | Jun 30, 2026 |
| Vanguard Explorer Fund | 461,450 | 0.67% | $38.90M | 0.18% | Jul 31, 2026 |
| iShares S&P Mid-Cap 400 Growth ETF | 396,590 | 0.58% | $35.55M | 0.31% | Jun 30, 2026 |
| Janus Henderson Triton Fund | 384,242 | 0.56% | $34.44M | 0.58% | Jun 30, 2026 |
| PGIM Jennison Mid-Cap Growth Fund | 382,010 | 0.56% | $33.32M | 1.85% | May 29, 2026 |
| Vanguard Dividend Appreciation Index Fund | 374,632 | 0.55% | $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 | 1.07% | Mar 20, 2026 |
| Bradley K. Blackwell | EVP, General Counsel | 30,934 | 0.05% | Feb 9, 2026 |
| William C. Carstanjen | Chief Executive Officer | 1,685,609 | 2.46% | Feb 9, 2026 |
| Maureen Adams | EVP, Gaming Operations | 16,558 | 0.02% | Jan 5, 2026 |
| Michael James Tucker | Director | 156,341 | 0.23% | Nov 13, 2026 |
| Douglas C. Grissom | Director | 43,460 | 0.06% | Oct 2, 2026 |
| Daniel P. Harrington | Director | 1,271,438 | 1.85% | Apr 23, 2026 |
| Karole Lloyd | Director | 40,317 | 0.06% | Apr 23, 2026 |
| Richard Alex Rankin | Director | 101,468 | 0.15% | 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 | 0.08% | 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 | Sep 30, 2026 | Award | +454.22 | – | – | 43,460 |
| 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 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
8.39%
5M shares short
Days to cover
5.0
At 1M shares a day
Change since last report
-1.7%
From 5M shares
Short volume, 20 days
43.3%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Churchill Downs's stock actually held short. Settlement fails (shares not delivered on time) peaked at 29,483 shares on Aug 20, 2026 over the last 90 days.
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 |
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