Churchill Downs Incorporated
US ˙ NasdaqGS ˙ US1714841087

SecurityCHDN / Churchill Downs Incorporated
InstitutionCommerce Bank
Latest Disclosed Ownership6,987 shares
Latest Disclosed Value $ 627,641
Commerce Bank reports 5.95% decrease in ownership of CHDN / Churchill Downs Incorporated

On May 11, 2026 - Commerce Bank filed a 13F-HR form disclosing ownership of 6,987 shares of Churchill Downs Incorporated (US:CHDN) valued at $627,642 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 7,429 shares of Churchill Downs Incorporated. This represents a change in shares of -5.95% during the quarter. The current value of the position is $600,882 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F CHURCHILL DOWNS COM 171484108 6,987 -442 -5.95 628 -25.80 0.0030
2026-02-13 2025-12-31 13F CHURCHILL DOWNS COM 171484108 7,429 1,911 34.63 845 57.94 0.0047
2025-11-12 2025-09-30 13F CHURCHILL DOWNS COM 171484108 5,518 -308 -5.29 535 -9.01 0.0030
2025-08-07 2025-06-30 13F CHURCHILL DOWNS COM 171484108 5,826 488 9.14 588 -0.68 0.0035
2025-05-08 2025-03-31 13F CHURCHILL DOWNS COM 171484108 5,338 32 0.60 593 -16.38 0.0038
2025-02-13 2024-12-31 13F CHURCHILL DOWNS COM 171484108 5,306 234 4.61 709 3.36 0.0044
2024-11-08 2024-09-30 13F CHURCHILL DOWNS COM 171484108 5,072 90 1.81 686 -1.44 0.0042
2024-08-12 2024-06-30 13F CHURCHILL DOWNS COM 171484108 4,982 245 5.17 695 18.60 0.0045
2024-05-03 2024-03-31 13F CHURCHILL DOWNS COM 171484108 4,737 526 12.49 586 3.17 0.0039
2024-02-09 2023-12-31 13F CHURCHILL DOWNS COM 171484108 4,211 -345 -7.57 568 7.58 0.0040
2023-11-14 2023-09-30 13F CHURCHILL DOWNS COM 171484108 4,556 58 1.29 529 -15.52 0.0042
2023-08-08 2023-06-30 13F CHURCHILL DOWNS COM 171484108 4,498 78 1.76 626 -44.98 0.0047
2023-05-04 2023-03-31 13F CHURCHILL DOWNS COM 171484108 4,420 160 3.76 1,136 26.22 0.0089
2023-02-10 2022-12-31 13F CHURCHILL DOWNS COM 171484108 4,260 -75 -1.73 901 12.64 0.0073
2022-11-04 2022-09-30 13F CHURCHILL DOWNS COM 171484108 4,335 1,174 37.14 799 32.07 0.0069
2022-08-12 2022-06-30 13F CHURCHILL DOWNS COM 171484108 3,161 108 3.54 605 -10.64 0.0049
2022-05-09 2022-03-31 13F CHURCHILL DOWNS COM 171484108 3,053 75 2.52 677 -5.71 0.0046
2022-02-14 2021-12-31 13F CHURCHILL DOWNS COM 171484108 2,978 0 0.00 718 0.42 0.0047
2021-11-09 2021-09-30 13F CHURCHILL DOWNS COM 171484108 2,978 -201 -6.32 715 13.49 0.0051
2021-08-09 2021-06-30 13F CHURCHILL DOWNS COM 171484108 3,179 658 26.10 630 9.95 0.0045
2021-05-05 2021-03-31 13F CHURCHILL DOWNS COM 171484108 2,521 -40 -1.56 573 15.06 0.0044
2021-02-09 2020-12-31 13F CHURCHILL DOWNS COM 171484108 2,561 0 0.00 498 18.85 0.0040
2020-11-06 2020-09-30 13F CHURCHILL DOWNS COM 171484108 2,561 -340 -11.72 419 8.55 0.0038
2020-08-07 2020-06-30 13F CHURCHILL DOWNS COM 171484108 2,901 -3,048 -51.24 386 -36.93 0.0038
2020-05-08 2020-03-31 13F CHURCHILL DOWNS COM 171484108 5,949 -328 -5.23 612 -28.92 0.0074
2020-02-14 2019-12-31 13F CHURCHILL DOWNS COM 171484108 6,277 -1,778 -22.07 861 -13.38 0.0082
2019-11-12 2019-09-30 13F CHURCHILL DOWNS COM 171484108 8,055 0 0.00 994 7.23 0.0102
2019-08-07 2019-06-30 13F CHURCHILL DOWNS COM 171484108 8,055 -20 -0.25 927 27.34 0.0104
2019-05-08 2019-03-31 13F CHURCHILL DOWNS COM 171484108 8,075 5,618 228.65 728 21.33 0.0086
2019-02-11 2018-12-31 13F CHURCHILL DOWNS COM 171484108 2,457 1,602 187.37 600 153.16 0.0076
2018-11-02 2018-09-30 13F CHURCHILL DOWNS COM 171484108 855 0 0.00 237 -6.69 0.0028
2018-08-08 2018-06-30 13F CHURCHILL DOWNS COM 171484108 855 0 0.00 254 22.12 0.0032
2018-05-03 2018-03-31 13F CHURCHILL DOWNS COM 171484108 855 -167 -16.34 208 -1.42 0.0027
2017-11-07 2017-09-30 13F/A-1 CHURCHILL DOWNS COM 171484108 1,022 1,022 211 0.0029
2017-05-05 2017-03-31 13F CHURCHILL DOWNS COM 171484108 0 -2,000 -100.00 0 -100.00
2017-02-08 2016-12-31 13F CHURCHILL DOWNS COM 171484108 2,000 2,000 301 0.0045
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.