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DraftKings
DKNG

713 hedge funds and large institutions have $12.5B invested in DraftKings in 2021 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 294 increasing their positions, 198 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 69

48% more repeat investments, than reductions

Existing positions increased: 294 | Existing positions reduced: 198

14% more funds holding in top 10

Funds holding in top 10: 14 → 16 (+2)

4% more funds holding

Funds holding: 684 → 713 (+29)

1.01% more ownership

Funds ownership: 63.07% → 64.08% (+1%)

2% more call options, than puts

Call options by funds: $1.65B | Put options by funds: $1.62B

2% less capital invested

Capital invested by funds: $12.7B → $12.5B (-$229M)

Holders
713
Holders Change
+29
Holders Change %
+4.24%
% of All Funds
12.48%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.28%
New
109
Increased
294
Reduced
198
Closed
69
Calls
$1.65B
Puts
$1.62B
Net Calls
+$29.6M
Net Calls Change
+$415K

Top Buyers

1
AIM
ARK Investment Management
Florida
+$207M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$184M
3
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$159M
4
NAMA
Nikko Asset Management Americas
New York
+$140M
5
Two Sigma Investments
Two Sigma Investments
New York
+$103M

Top Sellers

1
AIM
Achmea Investment Management
Netherlands
-$530M
2
RC
Raine Capital
New York
-$294M
3
JP Morgan Chase
JP Morgan Chase
New York
-$82.3M
4
FCOI
FirstMark Capital OF II
New York
-$48.6M
5
FAM
Fred Alger Management
New York
-$41.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
SG Americas Securities
251
SG Americas Securities
New York
$1.34M -$1.57M -29,677 -52%
Aberdeen Group
252
Aberdeen Group
United Kingdom
$1.34M +$229K +4,313 +18%
HCM
253
HGI Capital Management
New York
$1.33M +$13.5K +255 +0.9%
TCM
254
Tributary Capital Management
Nebraska
$1.32M +$1.46M +27,500 New
CIA
255
Capital Impact Advisors
Massachusetts
$1.31M -$1.8M -33,992 -56%
CRWM
256
Castle Rock Wealth Management
California
$1.3M -$12.5K -236 -0.8%
VVP
257
Venture Visionary Partners
Ohio
$1.3M +$105K +1,986 +8%
QT
258
Quantbot Technologies
New York
$1.29M -$710K -13,385 -33%
BG
259
Bollard Group
Massachusetts
$1.28M +$1.41M +26,591 New
CCM
260
Campbell Capital Management
Florida
$1.28M -$10.6K -200 -0.7%
MAM
261
Mastrapasqua Asset Management
Tennessee
$1.27M +$1.4M +26,428 New
AC
262
Avestar Capital
New York
$1.25M -$37.9K -715 -3%
CIM
263
CIM Investment Management
Pennsylvania
$1.23M +$787K +14,849 +139%
NCGI
264
Next Century Growth Investors
Minnesota
$1.23M – – –
WWM
265
Wolff Wiese Magana
California
$1.22M +$193K +3,650 +17%
BAM
266
Belpointe Asset Management
Nevada
$1.21M -$996K -18,783 -43%
HCM
267
Harvey Capital Management
Florida
$1.19M -$859K -16,210 -40%
SW
268
SteelPeak Wealth
California
$1.18M +$326K +6,141 +33%
PFA
269
Paradigm Financial Advisors
Missouri
$1.18M +$1.06K +20 +0.1%
VIA
270
Vident Investment Advisory
Georgia
$1.18M +$806K +15,211 +165%
LBD
271
Landsberg Bennett & Dubbaneh
Florida
$1.17M +$177K +3,335 +17%
PRC
272
Pearl River Capital
Michigan
$1.17M +$1.29M +24,323 New
MC
273
Maverick Capital
Texas
$1.17M +$305K +5,746 +31%
Daiwa Securities Group
274
Daiwa Securities Group
Japan
$1.14M +$342K +6,445 +37%
TWP
275
Tempus Wealth Planning
California
$1.14M +$411K +7,753 +49%
9 10
11
12 13

DKNG Hedge Fund Activity: Q3 2021 in Review

713 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2021, worth a combined $12.5B — down 1.8% from $12.7B a quarter earlier.

Buyers outnumbered sellers: 109 funds opened new DKNG positions and 69 closed out — a net gain of 40 holders — while 294 added to existing stakes and 198 trimmed.

The largest buyer was ARK Investment Management, adding an estimated $207M. The largest seller was Achmea Investment Management, cutting an estimated $530M.

  • 713 institutional investors held DraftKings (DKNG) as of Q3 2021, up from 684 in Q2 2021.
  • Funds reported $12.5B of DraftKings stock for Q3 2021, down 1.8% quarter-over-quarter.
  • 109 funds opened new DraftKings positions in Q3 2021 and 69 closed out, a net change of +40 holders.
  • The largest DraftKings buyer in Q3 2021 was ARK Investment Management, an estimated $207M added.
  • The largest DraftKings seller in Q3 2021 was Achmea Investment Management, an estimated $530M sold.

Based on aggregated 13F filings for Q3 2021.