Churchill Downs Stock Holdings Lifted by Investment Firm

William Blair Investment Management increases stake in Churchill Downs by 9.2% in Q3

Published on Mar. 2, 2026

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According to a recent SEC filing, William Blair Investment Management LLC increased its holdings in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 9.2% in the third quarter. The investment firm now owns 1,017,726 shares of the company's stock, representing 1.46% of Churchill Downs' total shares outstanding.

Why it matters

Churchill Downs is the owner and operator of the iconic Kentucky Derby, as well as a diversified portfolio of racetracks, casinos, and online betting platforms. The increase in stake by a major institutional investor like William Blair suggests confidence in the company's long-term growth prospects.

The details

William Blair Investment Management LLC acquired an additional 85,925 shares of Churchill Downs during the third quarter, bringing its total stake to over 1 million shares. The investment firm now owns approximately 1.46% of the company's outstanding stock, which was valued at $98.73 million as of the end of the reporting period.

  • William Blair Investment Management LLC increased its Churchill Downs holdings in the third quarter of 2025.

The players

William Blair Investment Management LLC

An investment management firm that oversees over $100 billion in assets for institutional and individual clients.

Churchill Downs, Incorporated

The owner and operator of the Kentucky Derby and a diversified portfolio of racetracks, casinos, and online betting platforms.

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The takeaway

The increased stake by William Blair Investment Management in Churchill Downs suggests that a major institutional investor sees long-term value in the company's diversified portfolio of gaming and entertainment assets, including its flagship Kentucky Derby event.