Churchill Downs Incorporated
US ˙ NasdaqGS ˙ US1714841087

SecurityCHDN / Churchill Downs Incorporated
InstitutionNitorum Capital, L.P.
Latest Disclosed Ownership76,970 shares
Latest Disclosed Value $ 6,914,215
Nitorum Capital, L.P. reports 81.41% decrease in ownership of CHDN / Churchill Downs Incorporated

On May 15, 2026 - Nitorum Capital, L.P. filed a 13F-HR form disclosing ownership of 76,970 shares of Churchill Downs Incorporated (US:CHDN) valued at $6,914,215 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 414,062 shares of Churchill Downs Incorporated. This represents a change in shares of -81.41% during the quarter. The current value of the position is $6,631,735 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)
2026-05-15 2026-03-31 13F CHURCHILL DOWNS COM 171484108 76,970 -337,092 -81.41 6,914 -85.32 6.0696
2026-02-17 2025-12-31 13F CHURCHILL DOWNS COM 171484108 414,062 -53,746 -11.49 47,112 3.81 10.4147
2025-11-14 2025-09-30 13F CHURCHILL DOWNS COM 171484108 467,808 24,155 5.44 45,382 1.28 7.9718
2025-08-14 2025-06-30 13F CHURCHILL DOWNS COM 171484108 443,653 -29,442 -6.22 44,809 -14.73 6.6448
2025-05-15 2025-03-31 13F CHURCHILL DOWNS COM 171484108 473,095 -92,927 -16.42 52,547 -30.48 7.3831
2025-02-14 2024-12-31 13F CHURCHILL DOWNS COM 171484108 566,022 -76,815 -11.95 75,587 -13.04 8.6923
2024-11-14 2024-09-30 13F CHURCHILL DOWNS COM 171484108 642,837 0 0.00 86,918 -3.15 8.7484
2024-08-14 2024-06-30 13F CHURCHILL DOWNS COM 171484108 642,837 -37,201 -5.47 89,740 6.64 9.7835
2024-05-15 2024-03-31 13F CHURCHILL DOWNS COM 171484108 680,038 92,015 15.65 84,155 6.07 8.5679
2024-02-14 2023-12-31 13F CHURCHILL DOWNS COM 171484108 588,023 2,655 0.45 79,342 16.81 8.4873
2023-11-14 2023-09-30 13F CHURCHILL DOWNS COM 171484108 585,368 -9,019 -1.52 67,926 -17.88 7.4271
2023-08-14 2023-06-30 13F CHURCHILL DOWNS COM 171484108 594,387 272,257 84.52 82,721 -0.10 8.3647
2023-05-15 2023-03-31 13F CHURCHILL DOWNS COM 171484108 322,130 -88,759 -21.60 82,804 -4.69 8.7730
2023-02-14 2022-12-31 13F CHURCHILL DOWNS COM 171484108 410,889 -90,344 -18.02 86,874 -5.88 8.1904
2022-11-14 2022-09-30 13F CHURCHILL DOWNS COM 171484108 501,233 -75,000 -13.02 92,302 -16.37 8.0327
2022-08-15 2022-06-30 13F CHURCHILL DOWNS COM 171484108 576,233 -7,500 -1.28 110,366 -14.75 8.1277
2022-05-16 2022-03-31 13F CHURCHILL DOWNS COM 171484108 583,733 -158,738 -21.38 129,460 -27.62 8.5824
2022-02-14 2021-12-31 13F CHURCHILL DOWNS COM 171484108 742,471 -73,224 -8.98 178,861 -8.67 8.3882
2021-11-15 2021-09-30 13F CHURCHILL DOWNS COM 171484108 815,695 -56,700 -6.50 195,832 13.22 9.3153
2021-08-16 2021-06-30 13F CHURCHILL DOWNS COM 171484108 872,395 0 0.00 172,961 -12.82 7.8762
2021-05-17 2021-03-31 13F CHURCHILL DOWNS COM 171484108 872,395 0 0.00 198,400 16.75 10.1417
2021-02-16 2020-12-31 13F CHURCHILL DOWNS COM 171484108 872,395 0 0.00 169,934 18.90 6.5803
2020-11-16 2020-09-30 13F CHURCHILL DOWNS COM 171484108 872,395 0 0.00 142,916 23.03 6.3263
2020-08-14 2020-06-30 13F CHURCHILL DOWNS COM 171484108 872,395 68,517 8.52 116,159 40.36 5.9797
2020-05-15 2020-03-31 13F CHURCHILL DOWNS COM 171484108 803,878 -238,830 -22.90 82,759 -42.15 6.4084
2020-02-14 2019-12-31 13F CHURCHILL DOWNS COM 171484108 1,042,708 32,019 3.17 143,060 14.65 8.0056
2019-11-14 2019-09-30 13F CHURCHILL DOWNS COM 171484108 1,010,689 255,569 33.84 124,775 43.60 7.2590
2019-08-14 2019-06-30 13F CHURCHILL DOWNS COM 171484108 755,120 755,120 86,892 4.9421
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.