Hudson Way Capital Management LLC: CHURCHILL DOWNS INC (CHDN): Quarterly 13F Position History
As of Q1 2026, Hudson Way Capital Management LLC reported 870,362 shares of CHURCHILL DOWNS INC (CHDN), worth $78.2M and representing 7.5% of its 13F equity book. Quarter-over-quarter share count change: 167,460 (-16.1%) . The position first appeared in Q3 2018 and has been disclosed across 31 13F-HR filings in Pactolio's tracked window.
- 870,362Shares Held (Latest Filing)
- $78.2MReported Market Value (Latest Filing)
- 7.5%Portfolio Weight (% of 13F Equity Book)
- 167,460Quarter-over-Quarter Share Change
- -$39.9MQuarter-over-Quarter Value Change
- 1,140,312Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 31 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 870,362 | 167,460 | -16.1% | $78.2M | 7.5% | $89.8 |
| Q4 2025 | 1,037,822 | 102,490 | -9.0% | $118.1M | 9.4% | $113.8 |
| Q3 2025 | 1,140,312 | +142,714 | +14.3% | $110.6M | 9.4% | $97.0 |
| Q2 2025 | 997,598 | 80,700 | -7.5% | $100.8M | 9.1% | $101.0 |
| Q1 2025 | 1,078,298 | +165,417 | +18.1% | $119.8M | 11.9% | $111.1 |
| Q4 2024 | 912,881 | 11,102 | -1.2% | $121.9M | 13.8% | $133.5 |
| Q3 2024 | 923,983 | +58,624 | +6.8% | $124.9M | 15.7% | $135.2 |
| Q2 2024 | 865,359 | +286,746 | +49.6% | $120.8M | 16.7% | $139.6 |
| Q1 2024 | 578,613 | +2,981 | +0.5% | $71.6M | 13.1% | $123.8 |
| Q4 2023 | 575,632 | +32,697 | +6.0% | $77.7M | 14.6% | $134.9 |
| Q3 2023 | 542,935 | +71,855 | +15.3% | $63.0M | 12.4% | $116.0 |
| Q2 2023 | 471,080 | +276,293 | +141.8% | $65.6M | 12.3% | $139.2 |
| Q1 2023 | 194,787 | 14,103 | -6.8% | $50.1M | 12.5% | $257.1 |
| Q4 2022 | 208,890 | +10,200 | +5.1% | $44.2M | 11.4% | $211.4 |
| Q3 2022 | 198,690 | +25,130 | +14.5% | $36.6M | 10.0% | $184.2 |
| Q2 2022 | 173,560 | +64,454 | +59.1% | $33.2M | 9.0% | $191.5 |
| Q1 2022 | 109,106 | +127 | +0.1% | $24.2M | 5.7% | $221.8 |
| Q4 2021 | 108,979 | +10,561 | +10.7% | $26.3M | 6.0% | $240.9 |
| Q3 2021 | 98,418 | +27,380 | +38.5% | $23.6M | 5.8% | $240.1 |
| Q2 2021 | 71,038 | +35,550 | +100.2% | $14.1M | 3.6% | $198.3 |
| Q1 2021 | 35,488 | 38,624 | -52.1% | $8.1M | 2.3% | $227.4 |
| Q4 2020 | 74,112 | 39,984 | -35.0% | $14.4M | 4.1% | $194.8 |
| Q3 2020 | 114,096 | +6,000 | +5.6% | $18.7M | 6.1% | $163.8 |
| Q2 2020 | 108,096 | 222,646 | -67.3% | $14.4M | 5.0% | $133.2 |
| Q1 2020 | 330,742 | 0 | — | $34.0M | 15.8% | $103.0 |
| Q4 2019 | 330,742 | 0 | — | $45.4M | 17.8% | $137.2 |
| Q3 2019 | 330,742 | +25,000 | +8.2% | $40.8M | 18.1% | $123.5 |
| Q2 2019 | 305,742 | +24,150 | +8.6% | $35.2M | 17.1% | $115.1 |
| Q1 2019 | 281,592 | +197,992 | +236.8% | $25.4M | 13.2% | $90.3 |
| Q4 2018 | 83,600 | +46,600 | +125.9% | $20.4M | 11.9% | $243.9 |
| Q3 2018 | 37,000 | — | — | $10.3M | 5.2% | $277.7 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Hudson Way Capital Management LLC first disclose a CHDN position in 13F-HR filings?
Hudson Way Capital Management LLC first reported CHURCHILL DOWNS INC (CHDN) on its 13F-HR filing for the period ending 2018-09-30 (Q3 2018). The position has appeared on 31 reported quarters within Pactolio's tracked window.
What was Hudson Way Capital Management LLC's most recent quarter-over-quarter share-count change in CHDN?
Between Q4 2025 and Q1 2026, Hudson Way Capital Management LLC reduced its CHDN position by 167,460 shares (-16.1%), leaving 870,362 shares at a market value of $78.2M.
Does the implied price-per-share represent Hudson Way Capital Management LLC's cost basis in CHDN?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.