Cliff Asness's CHDN Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 305,778 shares of Churchill Downs Incorporated (CHDN) worth $34.79 M, representing 0.02% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in CHDN, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2025, adding 784,591 shares. Largest reduction occurred in Q4 2025, reducing 321,054 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Churchill Downs Incorporated (CHDN) Holding Value Over Time
Track share changes against reported price movement
Quarterly Churchill Downs Incorporated (CHDN) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -321,054 | Reduce 51.22% | 305,778 | $113.78 |
| Q3 2025 | -161,174 | Reduce 20.45% | 626,832 | $97.01 |
| Q2 2025 | +784,591 | Add 22974.85% | 788,006 | $100.70 |
| Q1 2025 | +784 | Add 29.80% | 3,415 | $109.30 |
| Q4 2024 | -170 | Reduce 6.07% | 2,631 | $133.55 |
| Q3 2024 | +1,301 | Add 86.73% | 2,801 | $135.21 |
| Q2 2024 | +1,500 | New Buy | 1,500 | $139.60 |
| Q4 2023 | -4,940 | Sold Out | 0 | $0.00 |
| Q3 2023 | -11,872 | Reduce 70.62% | 4,940 | $116.04 |
| Q2 2023 | -9,948 | Reduce 37.17% | 16,812 | $137.47 |
| Q1 2023 | -14,202 | Reduce 34.67% | 26,760 | $128.52 |
| Q4 2022 | -33,266 | Reduce 44.82% | 40,962 | $104.77 |
| Q3 2022 | -33,702 | Reduce 31.23% | 74,228 | $91.22 |
| Q2 2022 | +74,378 | Add 221.68% | 107,930 | $93.35 |
| Q1 2022 | -6,532 | Reduce 16.30% | 33,552 | $110.90 |
| Q4 2021 | +9,932 | Add 32.94% | 40,084 | $119.40 |
| Q3 2021 | +8,272 | Add 37.81% | 30,152 | $120.03 |
| Q2 2021 | +1,418 | Add 6.93% | 21,880 | $99.13 |
| Q1 2021 | -18,050 | Reduce 46.87% | 20,462 | $113.72 |
| Q4 2020 | +15,022 | Add 63.95% | 38,512 | $97.40 |
| Q3 2020 | +48 | Add 0.20% | 23,490 | $81.91 |
| Q2 2020 | -71,380 | Reduce 75.28% | 23,442 | $65.65 |
| Q1 2020 | +67,606 | Add 248.41% | 94,822 | $51.48 |
| Q4 2019 | +3,558 | Add 15.04% | 27,216 | $68.60 |
| Q3 2019 | -55,292 | Reduce 70.03% | 23,658 | $61.71 |
| Q2 2019 | -97,002 | Reduce 55.13% | 78,950 | $57.53 |
| Q1 2019 | -128,290 | Reduce 42.17% | 175,952 | $44.89 |
| Q4 2018 | +28,368 | Add 10.28% | 304,242 | $40.66 |
| Q3 2018 | +6,504 | Add 2.41% | 275,874 | $46.28 |
| Q2 2018 | +120,906 | Add 81.44% | 269,370 | $49.56 |
| Q1 2018 | +91,452 | Add 160.41% | 148,464 | $40.68 |
| Q4 2017 | +19,776 | Add 53.11% | 57,012 | $38.78 |
| Q3 2017 | +37,236 | New Buy | 37,236 | $34.38 |
| Q1 2017 | -27,978 | Sold Out | 0 | $0.00 |
| Q4 2016 | -23,394 | Reduce 45.54% | 27,978 | $25.09 |
| Q3 2016 | +4,116 | Add 8.71% | 51,372 | $24.39 |
| Q2 2016 | -4,464 | Reduce 8.63% | 47,256 | $21.06 |
| Q1 2016 | +1,602 | Add 3.20% | 51,720 | $24.65 |
| Q4 2015 | -13,500 | Reduce 21.22% | 50,118 | $23.58 |
| Q3 2015 | +5,916 | Add 10.25% | 63,618 | $22.31 |
| Q2 2015 | +13,902 | Add 31.74% | 57,702 | $20.85 |
| Q1 2015 | +4,800 | Add 12.31% | 43,800 | $19.16 |
| Q4 2014 | +7,350 | Add 23.22% | 39,000 | $15.87 |
| Q3 2014 | +3,000 | Add 10.47% | 31,650 | $16.24 |
| Q2 2014 | -10,800 | Reduce 27.38% | 28,650 | $15.01 |
| Q1 2014 | +6,000 | Add 17.94% | 39,450 | $15.21 |
| Q4 2013 | -3,000 | Reduce 8.23% | 33,450 | $14.95 |
| Q3 2013 | -3,000 | Reduce 7.60% | 36,450 | $14.43 |
| Q2 2013 | +39,450 | Add 0.00% | 39,450 | $13.13 |
| Q4 2012 | +50,250 | Add 0.00% | 50,250 | $11.08 |
Cliff Asness's Churchill Downs Incorporated Investment FAQs
Cliff Asness first purchased Churchill Downs Incorporated (CHDN) in Q4 2012, acquiring 50,250 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Churchill Downs Incorporated (CHDN) for 51 quarters since Q4 2012.
Cliff Asness's largest addition to Churchill Downs Incorporated (CHDN) was in Q2 2025, adding 788,006 shares worth $79.35 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 305,778 shares of Churchill Downs Incorporated (CHDN), valued at approximately $34.79 M.
As of the Q4 2025 filing, Churchill Downs Incorporated (CHDN) represents approximately 0.02% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Churchill Downs Incorporated (CHDN) was 788,006 shares, as reported at the end of Q2 2025.