London Co. of Virginia Reduces Stake in Churchill Downs

Investment firm sells 143,963 shares of the racetrack and gaming company

Mar. 17, 2026 at 10:06am

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London Co. of Virginia, a major institutional investor, decreased its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 4.8% during the 3rd quarter of 2025. The firm sold 143,963 shares, leaving it with 2,850,107 shares, or about 4.09% ownership of the company.

Why it matters

Churchill Downs is the owner of the iconic Kentucky Derby and a diversified portfolio of racetracks, casinos, and online betting platforms. Institutional investors like London Co. of Virginia closely monitor and adjust their positions in the company, which can signal broader market trends and investor sentiment around the stock.

The details

According to a recent SEC filing, London Co. of Virginia sold 143,963 shares of Churchill Downs stock during the 3rd quarter. The investment firm now owns 2,850,107 shares, or about 4.09% of the company's outstanding stock, down from 4.8% previously. Churchill Downs is London Co. of Virginia's 23rd largest holding, accounting for about 1.5% of its total investment portfolio.

  • London Co. of Virginia made the share sale during the 3rd quarter of 2025.

The players

London Co. of Virginia

A major institutional investment firm that owns a significant stake in Churchill Downs.

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 reduction in London Co. of Virginia's stake in Churchill Downs may signal broader market uncertainty or a shift in investment strategy, though the firm still maintains a sizable position in the company. Investors will likely continue to closely monitor institutional ownership and trading activity around this prominent racetrack and gaming operator.