$CHDN

$84.04 +$0.31 (0.37%) Close

$CHDN Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 69.7M shares outstanding

Who owns CHDN?

By type of holder

Institutions 85.8% Insiders 6.0% Everyone else 8.2%

Concentration Top 10 holders own 37.4%

BlackRock, Inc. 8.9% · Vanguard Portfolio Management LLC 4.6%

Institutional ownership

85.8%

+5.7 pts vs last qtr

Institutional holders

460

+8 vs last qtr

Net shares bought

+4.0M

by institutions in Q2 2026

New / sold out

65 / 57

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

FMR LLC +1.2M
Norges Bank NEW +841.2K

Biggest sellers in Q2 2026

Capital International Investors SOLD OUT −981.8K
Ameriprise Financial Inc −605.7K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Churchill Downs Incorporated in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

−28.9%

−3.72% a year

Each share's claim on the business

+40.7%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$2.02B vs $273M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years65% 3–5 years5% 1–3 years15% Under 1 year15%

Quarterly turnover

18.5%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting CHDN on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	6.2M	8.90%	−251.1K (−3.9%)	≤2021	0.0%
Shares held by quarter Peak holding8.0M (Q3'24) Change over 8 quarters−1.8M Share of the company8.900% BlackRock, Inc.'s full portfolio →
VP Vanguard Portfolio Management LLC	3.2M	4.60%	+251.4K (+8.5%)	≤2021	0.0%
Shares held by quarter Peak holding3.2M (Q2'26) Change over 8 quarters+3.2M Share of the company4.600% Vanguard Portfolio Management LLC's full portfolio →

BlackRock, Inc.

6.2M

% of company

8.90%

Change vs last qtr

−251.1K (−3.9%)

Held since

≤2021

Vanguard Portfolio Management LLC

3.2M

% of company

4.60%

Change vs last qtr

+251.4K (+8.5%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Churchill Downs Incorporated, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting CHDN on Form N-PORT; together they hold 40.5% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Mid-Cap ETF iShares Trust	$203M	2.3M	3.25%	0.16%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$188M	2.1M	3.02%	0.01%	June 30, 2026

iShares Core S&P Mid-Cap ETF

iShares Trust

Position value

$203M

% of company

3.25%

% of the fund

0.16%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$188M

% of company

3.02%

% of the fund

0.01%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Churchill Downs Incorporated and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
CW Carstanjen William C Insider	1.7M	2.42%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company2.420% Carstanjen William C's insider activity →
HD Harrington Daniel P Insider	1.3M	1.82%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company1.820% Harrington Daniel P's insider activity →

Carstanjen William C

Insider

1.7M

% of company

2.42%

Change vs last qtr

—

Held since

—

Harrington Daniel P

Insider

1.3M

% of company

1.82%

Change vs last qtr

—

Held since

—

10 more holders behind a free account

See every insider and 5%+ holder of Churchill Downs Incorporated.

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