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DraftKings
DKNG

836 hedge funds and large institutions have $15.2B invested in DraftKings in 2025 Q3 according to their latest regulatory filings, with 124 funds opening new positions, 299 increasing their positions, 247 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 299 | Existing positions reduced: 247

7% more call options, than puts

Call options by funds: $1.26B | Put options by funds: $1.18B

2% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 122

2% less funds holding

Funds holding: 849 → 836 (-13)

2.16% less ownership

Funds ownership: 84.25% → 82.09% (-2.2%)

15% less capital invested

Capital invested by funds: $17.9B → $15.2B (-$2.69B)

47% less funds holding in top 10

Funds holding in top 10: 15 → 8 (-7)

Holders
836
Holders Change
-13
Holders Change %
-1.53%
% of All Funds
10.97%
Holding in Top 10
8
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-46.67%
% of All Funds
0.11%
New
124
Increased
299
Reduced
247
Closed
122
Calls
$1.26B
Puts
$1.18B
Net Calls
+$86.6M
Net Calls Change
-$316M

Top Buyers

1
Viking Global Investors
Viking Global Investors
Connecticut
+$665M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$201M
3
Squarepoint
Squarepoint
New York
+$95.7M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$86M
5
Jane Street
Jane Street
New York
+$74.4M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$310M
2
WRCM
Whale Rock Capital Management
Massachusetts
-$229M
3
Franklin Resources
Franklin Resources
California
-$201M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$169M
5
SC
Samlyn Capital
New York
-$117M
Name Holding Trade Value Shares
Change 		Change in
Stake
AC
226
Asio Capital
Kentucky
$2.98M +$331K +7,473 +10%
URS
227
Utah Retirement Systems
Utah
$2.97M +$147K +3,308 +4%
LIP
228
Lighthouse Investment Partners
Florida
$2.96M +$3.51M +79,052 New
SI
229
Sora Investors
Pennsylvania
$2.92M -$7.3M -164,530 -68%
PFSRSONJ
230
Police & Firemen's Retirement System of New Jersey
New Jersey
$2.89M +$189K +4,260 +6%
LFG
231
Larson Financial Group
Missouri
$2.87M +$27.8K +628 +0.8%
Toronto Dominion Bank
232
Toronto Dominion Bank
Ontario, Canada
$2.83M -$274K -6,178 -8%
Fayez Sarofim & Co
233
Fayez Sarofim & Co
Texas
$2.82M – – –
American Century Companies
234
American Century Companies
Missouri
$2.73M -$101K -2,281 -3%
1CM
235
1492 Capital Management
Wisconsin
$2.71M -$1.82K -41 -0.1%
Nisa Investment Advisors
236
Nisa Investment Advisors
Missouri
$2.71M – – –
YC
237
Yarbrough Capital
Tennessee
$2.69M – – –
SC
238
Scholtz & Company
Connecticut
$2.68M +$57.7K +1,302 +2%
GLA
239
Great Lakes Advisors
Illinois
$2.67M +$123K +2,775 +4%
CIG
240
Consolidated Investment Group
Colorado
$2.65M – – –
VAS
241
Vestmark Advisory Solutions
Massachusetts
$2.63M -$3.68M -82,893 -54%
FIA
242
Foundations Investment Advisors
Arizona
$2.61M +$556K +12,533 +22%
PWM
243
Prosperity Wealth Management
California
$2.58M +$58.6K +1,321 +2%
HF
244
HRT Financial
New York
$2.53M +$3M +67,717 New
Acadian Asset Management
245
Acadian Asset Management
Massachusetts
$2.52M +$2.22M +50,057 +285%
Focus Partners Wealth
246
Focus Partners Wealth
Massachusetts
$2.5M -$718K -16,198 -19%
Jones Financial Companies
247
Jones Financial Companies
Missouri
$2.48M +$246K +5,559 +10%
SCM
248
Sterling Capital Management
North Carolina
$2.48M -$3.48M -78,485 -54%
ERSOT
249
Employees Retirement System of Texas
Texas
$2.45M – – –
SF
250
Summit Financial
New Jersey
$2.43M +$341K +7,683 +13%
8 9
10
11 12

DKNG Hedge Fund Activity: Q3 2025 in Review

836 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2025, worth a combined $15.2B — down 15% from $17.9B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new DKNG positions and 122 closed out — a net gain of 2 holders — while 299 added to existing stakes and 247 trimmed.

The largest buyer was Viking Global Investors, opening a new position worth an estimated $665M. The largest seller was Citadel Advisors, cutting an estimated $310M.

  • 836 institutional investors held DraftKings (DKNG) as of Q3 2025, down from 849 in Q2 2025.
  • Funds reported $15.2B of DraftKings stock for Q3 2025, down 15% quarter-over-quarter.
  • 124 funds opened new DraftKings positions in Q3 2025 and 122 closed out, a net change of +2 holders.
  • The largest DraftKings buyer in Q3 2025 was Viking Global Investors, an estimated $665M added.
  • The largest DraftKings seller in Q3 2025 was Citadel Advisors, an estimated $310M sold.

Based on aggregated 13F filings for Q3 2025.