Churchill Downs Incorporated
US ˙ NasdaqGS ˙ US1714841087

SecurityCHDN / Churchill Downs Incorporated
InstitutionCwm, Llc
Latest Disclosed Ownership29,952 shares
Latest Disclosed Value $ 2,690,631
Cwm, Llc reports 305.47% increase in ownership of CHDN / Churchill Downs Incorporated

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 29,952 shares of Churchill Downs Incorporated (US:CHDN) valued at $2,690,588 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 7,387 shares of Churchill Downs Incorporated. The current value of the position is $2,575,872 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.

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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)
2026-05-14 2026-03-31 13F CHURCHILL DOWNS COM 171484108 29,952 22,565 305.47 2,691 0.0070
2026-01-26 2025-12-31 13F CHURCHILL DOWNS COM 171484108 7,387 -4,167 -36.07 1 -100.00 0.0023
2025-10-15 2025-09-30 13F CHURCHILL DOWNS COM 171484108 11,554 -1,315 -10.22 1 0.00 0.0034
2025-07-25 2025-06-30 13F CHURCHILL DOWNS COM 171484108 12,869 12,387 2,569.92 1 0.0046
2025-05-01 2025-03-31 13F CHURCHILL DOWNS COM 171484108 482 20 4.33 0 0.0002
2025-02-04 2024-12-31 13F CHURCHILL DOWNS COM 171484108 462 -23 -4.74 0 0.0003
2024-10-08 2024-09-30 13F CHURCHILL DOWNS COM 171484108 485 46 10.48 0 0.0003
2024-07-10 2024-06-30 13F CHURCHILL DOWNS COM 171484108 439 118 36.76 0 0.0003
2024-04-05 2024-03-31 13F CHURCHILL DOWNS COM 171484108 321 87 37.18 0 0.0002
2024-02-01 2023-12-31 13F CHURCHILL DOWNS COM 171484108 234 -162 -40.91 0 0.0002
2023-10-11 2023-09-30 13F CHURCHILL DOWNS COM 171484108 396 -15 -3.65 0 0.0003
2023-08-03 2023-06-30 13F CHURCHILL DOWNS COM 171484108 411 227 123.37 0 0.0004
2023-05-01 2023-03-31 13F CHURCHILL DOWNS COM 171484108 184 10 5.75 0 0.0003
2023-02-01 2022-12-31 13F CHURCHILL DOWNS COM 171484108 174 9 5.45 0 -100.00 0.0003
2022-10-27 2022-09-30 13F CHURCHILL DOWNS COM 171484108 165 94 132.39 30 114.29 0.0002
2022-07-28 2022-06-30 13F CHURCHILL DOWNS COM 171484108 71 -47 -39.83 14 -46.15 0.0001
2022-04-21 2022-03-31 13F CHURCHILL DOWNS COM 171484108 118 0 0.00 26 -7.14 0.0002
2022-01-31 2021-12-31 13F CHURCHILL DOWNS COM 171484108 118 1 0.85 28 21.74 0.0002
2021-09-15 2021-06-30 13F/A-1 CHURCHILL DOWNS COM 171484108 117 0 0.00 23 0.00 0.0002
2021-07-29 2021-06-30 13F CHURCHILL DOWNS COM 171484108 117 0 23 0.0002
2021-09-15 2021-03-31 13F/A-1 CHURCHILL DOWNS COM 171484108 117 0 0.00 23 0.00 0.0002
2021-04-27 2021-03-31 13F CHURCHILL DOWNS COM 171484108 117 0 27 0.0002
2021-09-15 2020-12-31 13F/A-1 CHURCHILL DOWNS COM 171484108 117 0 0.00 23 0.00 0.0002
2021-01-27 2020-12-31 13F CHURCHILL DOWNS COM 171484108 6 -111 1 0.0000
2021-09-15 2020-09-30 13F/A-1 CHURCHILL DOWNS COM 171484108 117 0 0.00 23 0.00 0.0002
2020-10-19 2020-09-30 13F CHURCHILL DOWNS COM 171484108 42 -75 7 0.0001
2021-09-15 2020-06-30 13F/A-1 CHURCHILL DOWNS COM 171484108 117 0 0.00 23 0.00 0.0002
2020-07-22 2020-06-30 13F CHURCHILL DOWNS COM 171484108 25 -92 3 0.0000
2021-09-15 2020-03-31 13F/A-1 CHURCHILL DOWNS COM 171484108 117 0 0.00 23 0.00 0.0002
2020-04-28 2020-03-31 13F CHURCHILL DOWNS COM 171484108 20 -97 2 0.0000
2021-09-14 2019-12-31 13F/A-1 CHURCHILL DOWNS COM 171484108 117 0 0.00 23 0.00 0.0002
2020-01-27 2019-12-31 13F CHURCHILL DOWNS COM 171484108 866 749 119 0.0015
2021-09-14 2019-09-30 13F/A-1 CHURCHILL DOWNS COM 171484108 117 0 0.00 23 0.00 0.0002
2019-10-22 2019-09-30 13F CHURCHILL DOWNS COM 171484108 26 -91 3 0.0000
2021-09-14 2019-06-30 13F/A-1 CHURCHILL DOWNS COM 171484108 117 0 0.00 23 0.00 0.0002
2019-07-31 2019-06-30 13F CHURCHILL DOWNS COM 171484108 183 66 21 0.0003
2021-09-02 2019-03-31 13F/A-1 CHURCHILL DOWNS COM 171484108 117 111 1,850.00 23 2,200.00 0.0002
2019-04-22 2019-03-31 13F CHURCHILL DOWNS COM 171484108 21 15 2 0.0000
2019-01-25 2018-12-31 13F CHURCHILL DOWNS COM 171484108 6 0 0.00 1 -50.00 0.0000
2018-10-29 2018-09-30 13F CHURCHILL DOWNS COM 171484108 6 -2 -25.00 2 0.00 0.0001
2018-07-31 2018-06-30 13F CHURCHILL DOWNS COM 171484108 8 0 0.00 2 0.00 0.0001
2018-04-26 2018-03-31 13F CHURCHILL DOWNS COM 171484108 8 0 0.00 2 0.00 0.0001
2018-01-16 2017-12-31 13F CHURCHILL DOWNS COM 171484108 8 0 0.00 2 0.00 0.0001
2017-10-16 2017-09-30 13F CHURCHILL DOWNS COM 171484108 8 0 0.00 2 100.00 0.0001
2017-07-17 2017-06-30 13F CHURCHILL DOWNS COM 171484108 8 0 0.00 1 0.00 0.0001
2017-04-17 2017-03-31 13F CHURCHILL DOWNS COM 171484108 8 8 1 0.0001
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.