CHURCHILL DOWNS INC

Ticker: CHDN CUSIP: 171484108 Class: COM

Applied Finance Capital Management, LLC's Holding History (CIK: 0001966007)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 2,495 Value ($000) $284 Avg Close $103.46 Range $85.78 - $118.35

Q1 2025

Shares 1,830 Value ($000) $203 Avg Close $119.04 Range $104.77 - $135.81

Q4 2024

Shares 1,791 Value ($000) $239 Avg Close $137.69 Range $129.04 - $149.20

Q3 2024

Shares 1,791 Value ($000) $242 Avg Close $137.36 Range $127.79 - $145.65

Q2 2024

Shares 1,791 Value ($000) $250 Avg Close $130.45 Range $117.12 - $140.61

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,495	$284	$103.46	$85.78 - $118.35
Q1 2025	1,830	$203	$119.04	$104.77 - $135.81
Q4 2024	1,791	$239	$137.69	$129.04 - $149.20
Q3 2024	1,791	$242	$137.36	$127.79 - $145.65
Q2 2024	1,791	$250	$130.45	$117.12 - $140.61