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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
Northwestern Mutual Wealth Management
251
Northwestern Mutual Wealth Management
Wisconsin
$1.07M +$1.04M +21,871 +1,846%
XS
252
XR Securities
Illinois
$1.07M +$1.09M +22,907 New
Qube Research & Technologies (QRT)
253
Qube Research & Technologies (QRT)
United Kingdom
$1.04M -$5.34M -112,181 -83%
CF
254
CNA Financial
Illinois
$1.03M – – –
TFCP
255
Twin Focus Capital Partners
Massachusetts
$1.02M +$1.04M +21,879 New
OCM
256
Orser Capital Management
Texas
$1.01M +$1.03M +21,630 New
JAMH
257
Junson Asset Management (HK)
Hong Kong
$978K +$1,000K +21,000 New
AllianceBernstein
258
AllianceBernstein
Tennessee
$966K +$988K +20,756 New
UCFA
259
United Capital Financial Advisors
Texas
$965K -$6.64M -139,366 -87%
WS
260
Wedbush Securities
California
$961K +$384K +8,075 +64%
VVP
261
Venture Visionary Partners
Ohio
$954K +$976K +20,501 New
Fifth Third Bancorp
262
Fifth Third Bancorp
Ohio
$950K +$54.8K +1,150 +6%
California State Teachers Retirement System (CalSTRS)
263
California State Teachers Retirement System (CalSTRS)
California
$948K +$969K +20,357 New
GAM
264
Grandview Asset Management
Pennsylvania
$931K +$4.9K +103 +0.5%
SWP
265
Stratos Wealth Partners
Ohio
$899K +$170K +3,561 +23%
WWM
266
Wolff Wiese Magana
California
$899K +$919K +19,303 New
PP
267
PDT Partners
New York
$894K +$914K +19,200 New
Natixis Advisors
268
Natixis Advisors
Massachusetts
$871K +$23.6K +495 +3%
TMC
269
Trellus Management Company
Florida
$866K +$476K +10,000 +116%
II
270
IFM Investors
Australia
$830K +$849K +17,833 New
MCP
271
Mirador Capital Partners
California
$829K +$483K +10,154 +133%
SBH
272
Segall Bryant & Hamill
Illinois
$826K +$3.81K +80 +0.5%
AIM
273
Aigen Investment Management
New York
$823K +$841K +17,671 New
PRC
274
Pearl River Capital
Michigan
$818K +$836K +17,561 New
Janus Henderson Group
275
Janus Henderson Group
United Kingdom
$816K +$834K +17,518 New
9 10
11
12 13

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.