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DraftKings
DKNG

599 hedge funds and large institutions have $9.51B invested in DraftKings in 2020 Q4 according to their latest regulatory filings, with 266 funds opening new positions, 226 increasing their positions, 68 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

316% more first-time investments, than exits

New positions opened: 266 | Existing positions closed: 64

232% more repeat investments, than reductions

Existing positions increased: 226 | Existing positions reduced: 68

49% more funds holding

Funds holding: 403 → 599 (+196)

17% more call options, than puts

Call options by funds: $887M | Put options by funds: $757M

5% more funds holding in top 10

Funds holding in top 10: 21 → 22 (+1)

0.86% more ownership

Funds ownership: 51.24% → 52.11% (+0.86%)

11% less capital invested

Capital invested by funds: $10.7B → $9.51B (-$1.15B)

Holders
599
Holders Change
+196
Holders Change %
+48.64%
% of All Funds
10.6%
Holding in Top 10
22
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+4.76%
% of All Funds
0.39%
New
266
Increased
226
Reduced
68
Closed
64
Calls
$887M
Puts
$757M
Net Calls
+$130M
Net Calls Change
-$60.8M

Top Buyers

1
FAM
Fred Alger Management
New York
+$177M
2
Capital Research Global Investors
Capital Research Global Investors
California
+$150M
3
CBA
Coastal Bridge Advisors
Connecticut
+$143M
4
BlackRock
BlackRock
New York
+$142M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$131M

Top Sellers

1
GP
Galileo PTC
British Virgin Islands
-$319M
2
Franklin Resources
Franklin Resources
California
-$237M
3
RC
Raine Capital
New York
-$237M
4
PWAM
Park West Asset Management
California
-$224M
5
GQG Partners
GQG Partners
Florida
-$176M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCIM
226
British Columbia Investment Management
British Columbia, Canada
$1.34M +$1.37M +28,752 New
Rockefeller Capital Management
227
Rockefeller Capital Management
New York
$1.32M +$1.08M +22,617 +389%
CIBC World Market
228
CIBC World Market
Ontario, Canada
$1.31M +$179K +3,760 +15%
JAMONY
229
Jacob Asset Management of New York
California
$1.3M +$1.33M +28,000 New
SM
230
Sciencast Management
New Jersey
$1.3M +$1.25M +26,265 New
Verition Fund Management
231
Verition Fund Management
Connecticut
$1.29M +$1.32M +27,786 New
SPIA
232
Steward Partners Investment Advisory
New York
$1.28M +$831K +17,458 +175%
ELI
233
Empire Life Investments
Ontario, Canada
$1.28M +$1.31M +27,429 New
BCM
234
BlueMar Capital Management
Florida
$1.26M +$11.8K +247 +0.9%
RA
235
Royce & Associates
New York
$1.26M – – –
ACI
236
AMP Capital Investors
Australia
$1.25M +$1.22M +25,651 New
Calamos Advisors
237
Calamos Advisors
Illinois
$1.24M -$589K -12,362 -32%
AWM
238
AE Wealth Management
Kansas
$1.23M +$1.01M +21,162 +412%
ACM
239
Ascendant Capital Management
California
$1.21M +$1.24M +26,000 New
KA
240
Kercheville Advisors
Texas
$1.19M +$1.21M +25,450 New
IA
241
Insight Advisors
Pennsylvania
$1.17M +$1.2M +25,195 New
IA
242
IFP Advisors
Florida
$1.14M +$202K +4,249 +21%
Public Employees Retirement Association of Colorado
243
Public Employees Retirement Association of Colorado
Colorado
$1.13M +$1.16M +24,259 New
MWM
244
Midwest Wealth Management
Indiana
$1.12M +$1.15M +24,140 New
Nomura Holdings
245
Nomura Holdings
Japan
$1.12M +$1.14M +23,969 New
TC
246
TownSquare Capital
Utah
$1.11M +$1.14M +23,839 New
PAA
247
Peregrine Asset Advisers
Oregon
$1.11M +$1.13M +23,805 New
RHBC
248
R.H. Bluestein & Co
Michigan
$1.1M -$166K -3,480 -13%
CAN
249
Cetera Advisor Networks
California
$1.08M +$1.11M +23,298 New
AR
250
Advisory Research
Illinois
$1.08M -$41.2K -866 -4%
8 9
10
11 12

DKNG Hedge Fund Activity: Q4 2020 in Review

599 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2020, worth a combined $9.51B — down 11% from $10.7B a quarter earlier.

Buyers outnumbered sellers: 266 funds opened new DKNG positions and 64 closed out — a net gain of 202 holders — while 226 added to existing stakes and 68 trimmed.

The largest buyer was Fred Alger Management, adding an estimated $177M. The largest seller was Galileo PTC, exiting entirely with an estimated $319M sold.

  • 599 institutional investors held DraftKings (DKNG) as of Q4 2020, up from 403 in Q3 2020.
  • Funds reported $9.51B of DraftKings stock for Q4 2020, down 11% quarter-over-quarter.
  • 266 funds opened new DraftKings positions in Q4 2020 and 64 closed out, a net change of +202 holders.
  • The largest DraftKings buyer in Q4 2020 was Fred Alger Management, an estimated $177M added.
  • The largest DraftKings seller in Q4 2020 was Galileo PTC, an estimated $319M sold.

Based on aggregated 13F filings for Q4 2020.