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DraftKings
DKNG

492 hedge funds and large institutions have $3.16B invested in DraftKings in 2022 Q4 according to their latest regulatory filings, with 81 funds opening new positions, 150 increasing their positions, 156 reducing their positions, and 96 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more call options, than puts

Call options by funds: $347M | Put options by funds: $341M

0.69% less ownership

Funds ownership: 58.2% → 57.51% (-0.69%)

4% less repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 156

5% less funds holding

Funds holding: 516 → 492 (-24)

14% less funds holding in top 10

Funds holding in top 10: 14 → 12 (-2)

16% less first-time investments, than exits

New positions opened: 81 | Existing positions closed: 96

20% less capital invested

Capital invested by funds: $3.93B → $3.16B (-$774M)

Holders
492
Holders Change
-24
Holders Change %
-4.65%
% of All Funds
7.91%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.19%
New
81
Increased
150
Reduced
156
Closed
96
Calls
$347M
Puts
$341M
Net Calls
+$5.28M
Net Calls Change
+$166M

Top Buyers

1
SC
Samlyn Capital
New York
+$63.8M
2
Citadel Advisors
Citadel Advisors
Florida
+$62.7M
3
TAA
Turiya Advisors Asia
Hong Kong
+$53.2M
4
Voloridge Investment Management
Voloridge Investment Management
Florida
+$28.7M
5
EC
Eminence Capital
New York
+$25.8M

Top Sellers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$122M
2
CIA
Caledonia Investments (Australia)
Australia
-$67.5M
3
Holocene Advisors
Holocene Advisors
New York
-$34M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$30.1M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$29.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
CGA
251
Crescent Grove Advisors
Illinois
$171K – – –
Cerity Partners
252
Cerity Partners
New York
$168K +$54.6K +3,921 +36%
SC
253
Sepio Capital
Utah
$164K -$11.2K -804 -5%
JIP
254
Jaffetilchin Investment Partners
Florida
$162K -$22.1K -1,588 -10%
SAM
255
Storebrand Asset Management
Norway
$162K – – –
FWP
256
FAS Wealth Partners
Kansas
$160K +$6.96K +500 +4%
IP
257
Intellectus Partners
California
$159K -$16K -1,150 -8%
KFGK
258
Keystone Financial Group (Kentucky)
Kentucky
$159K -$3.58K -257 -2%
EWA
259
EverSource Wealth Advisors
Alabama
$158K +$194K +13,905 New
SC
260
Scotia Capital
Ontario, Canada
$154K -$78.3K -5,626 -29%
CC
261
Centiva Capital
New York
$152K +$116K +8,309 +166%
PWA
262
Primoris Wealth Advisors
Florida
$151K +$10.8K +775 +5%
Lazard Asset Management
263
Lazard Asset Management
New York
$150K -$480K -34,475 -72%
CPC
264
Congress Park Capital
New York
$149K +$40K +2,875 +28%
CWM
265
Cedar Wealth Management
California
$148K +$181K +13,035 New
Mercer Global Advisors
266
Mercer Global Advisors
Colorado
$148K +$30.2K +2,169 +20%
Los Angeles Capital Management
267
Los Angeles Capital Management
California
$142K -$23.2K -1,670 -12%
PTC
268
Philadelphia Trust Company
Pennsylvania
$141K – – –
ARG
269
Advisory Resource Group
Oklahoma
$141K -$21.4K -1,535 -11%
IAIM
270
International Assets Investment Management
Florida
$140K +$171K +12,307 New
TCA
271
Transcend Capital Advisors
New Jersey
$140K +$171K +12,271 New
EAM
272
Eschler Asset Management
United Kingdom
$137K +$168K +12,037 New
CIBC Asset Management
273
CIBC Asset Management
Ontario, Canada
$136K -$259K -18,627 -61%
IWC
274
Integrated Wealth Concepts
Massachusetts
$136K -$5.55K -399 -3%
Carson Wealth (CWM LLC)
275
Carson Wealth (CWM LLC)
Nebraska
$136K +$12.4K +894 +8%
9 10
11
12 13

DKNG Hedge Fund Activity: Q4 2022 in Review

492 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2022, worth a combined $3.16B — down 20% from $3.93B a quarter earlier.

Sellers outnumbered buyers: 96 funds closed out of DKNG and 81 opened new positions — a net loss of 15 holders — while 156 trimmed existing stakes and 150 added.

The largest buyer was Samlyn Capital, opening a new position worth an estimated $63.8M. The largest seller was T. Rowe Price Investment Management, exiting entirely with an estimated $122M sold.

  • 492 institutional investors held DraftKings (DKNG) as of Q4 2022, down from 516 in Q3 2022.
  • Funds reported $3.16B of DraftKings stock for Q4 2022, down 20% quarter-over-quarter.
  • 81 funds opened new DraftKings positions in Q4 2022 and 96 closed out, a net change of -15 holders.
  • The largest DraftKings buyer in Q4 2022 was Samlyn Capital, an estimated $63.8M added.
  • The largest DraftKings seller in Q4 2022 was T. Rowe Price Investment Management, an estimated $122M sold.

Based on aggregated 13F filings for Q4 2022.