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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
PP
276
Paloma Partners
Connecticut
$807K +$826K +17,348 New
PAS
277
Park Avenue Securities
New York
$791K +$557K +11,692 +221%
EH
278
Equitable Holdings
New York
$776K +$794K +16,673 New
CGA
279
Crescent Grove Advisors
Illinois
$761K +$71.4K +1,500 +10%
CPA
280
Capital Planning Advisors
California
$761K +$779K +16,352 New
JIP
281
Jaffetilchin Investment Partners
Florida
$758K +$274K +5,764 +55%
SCM
282
Silvant Capital Management
Georgia
$757K +$774K +16,257 New
DekaBank Deutsche Girozentrale
283
DekaBank Deutsche Girozentrale
Germany
$755K +$746K +15,666 New
PHS
284
Pekin Hardy Strauss
Illinois
$749K +$325K +6,825 +74%
HSBC Holdings
285
HSBC Holdings
United Kingdom
$745K +$440K +9,232 +137%
Teacher Retirement System of Texas
286
Teacher Retirement System of Texas
Texas
$718K +$735K +15,428 New
PTP
287
Platform Technology Partners
New York
$717K +$285K +5,990 +64%
AC
288
Avestar Capital
New York
$705K +$721K +15,140 New
ACM
289
Aljian Capital Management
Nevada
$702K +$271K +5,681 +60%
MYIA
290
Mount Yale Investment Advisors
Colorado
$690K +$706K +14,818 New
PFA
291
Paradigm Financial Advisors
Missouri
$685K +$700K +14,705 New
SIC
292
Salem Investment Counselors
North Carolina
$680K +$51.7K +1,085 +8%
CPA
293
Clear Perspective Advisors
Illinois
$680K +$695K +14,606 New
TC
294
Telemus Capital
Michigan
$674K +$153K +3,205 +28%
IAA
295
Independent Advisor Alliance
North Carolina
$673K +$206K +4,334 +43%
MHS
296
M Holdings Securities
Oregon
$671K +$686K +14,411 New
PTC
297
Philadelphia Trust Company
Pennsylvania
$668K +$107K +2,250 +19%
WFO
298
Wealthgate Family Office
Colorado
$661K +$675K +14,186 New
WBC
299
Westpac Banking Corp
Australia
$657K +$672K +14,104 New
JG
300
Jefferies Group
New York
$656K -$1.71M -35,909 -72%
10 11
12
13 14

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.