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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
BCIM
251
British Columbia Investment Management
British Columbia, Canada
$2.4M -$292K -6,576 -9%
GPFA
252
Game Plan Financial Advisors
Ohio
$2.36M -$56.4K -1,271 -2%
LCM
253
Landscape Capital Management
New Jersey
$2.31M +$2.74M +61,803 New
SA
254
Sanctuary Advisors
Indiana
$2.26M +$704K +15,871 +36%
UWM
255
Udine Wealth Management
Florida
$2.26M +$76.5K +1,726 +3%
Jacobs Levy Equity Management
256
Jacobs Levy Equity Management
New Jersey
$2.26M +$520K +11,737 +24%
EGM
257
Engineers Gate Manager
New York
$2.23M -$3.94M -88,800 -60%
KAS
258
Kestra Advisory Services
Texas
$2.23M +$612K +13,809 +30%
BG
259
Bollard Group
Massachusetts
$2.22M – – –
STA
260
Summit Trail Advisors
New York
$2.21M +$1.74M +39,259 +198%
MIF
261
Mediolanum International Funds
Ireland
$2.21M -$7.1M -160,013 -75%
Teacher Retirement System of Texas
262
Teacher Retirement System of Texas
Texas
$2.19M -$435K -9,804 -14%
MFG
263
Merit Financial Group
Georgia
$2.18M +$331K +7,474 +15%
PA
264
Parallel Advisors
California
$2.18M +$70K +1,578 +3%
IIM
265
INTECH Investment Management
Florida
$2.17M -$5.01M -113,072 -66%
DTL
266
Dynamic Technology Lab
Singapore
$2.13M +$2.53M +57,031 New
Truist Financial
267
Truist Financial
North Carolina
$2.11M -$367K -8,269 -13%
TAF
268
Tredje AP-fonden
Sweden
$2.07M +$74.2K +1,673 +3%
SAM
269
Storebrand Asset Management
Norway
$2.06M +$95.9K +2,163 +4%
SG Americas Securities
270
SG Americas Securities
New York
$2.05M +$1.58M +35,649 +186%
AWM
271
Avondale Wealth Management
Texas
$2.05M -$421K -9,490 -15%
Qube Research & Technologies (QRT)
272
Qube Research & Technologies (QRT)
United Kingdom
$2.05M +$2.43M +54,764 New
PCM
273
Penn Capital Management
Pennsylvania
$2.04M -$19.3K -435 -0.8%
YIH
274
Y-Intercept (HK)
Hong Kong
$2.04M -$13.5M -303,743 -85%
QCM
275
QRG Capital Management
Illinois
$1.99M -$885K -19,969 -27%
9 10
11
12 13

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.