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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
MIC
276
Meridian Investment Counsel
California
$134K -$47.3K -3,400 -22%
TA
277
TrueWealth Advisors
Alabama
$133K -$22.1K -1,589 -12%
YMRC
278
Yorktown Management & Research Company
Virginia
$132K – – –
OIA
279
OneDigital Investment Advisors
Kansas
$131K -$21.1K -1,515 -12%
DWT
280
Dorsey & Whitney Trust
South Dakota
$130K – – –
ORAM
281
One River Asset Management
Connecticut
$130K +$160K +11,520 New
LNC
282
Lincoln National Corp
Pennsylvania
$127K +$2.76K +198 +2%
JAWM
283
J. Arnold Wealth Management
Ohio
$127K +$4.17K +300 +3%
Prudential Financial
284
Prudential Financial
New Jersey
$126K -$57.5K -4,129 -27%
AWM
285
Activest Wealth Management
Florida
$126K -$18.8K -1,350 -11%
FA
286
Fagan Associates
New York
$125K -$35.8K -2,573 -19%
ECG
287
Edge Capital Group
Georgia
$124K +$3.48K +250 +2%
SB
288
Strategic Blueprint
Georgia
$124K +$152K +10,922 New
CG
289
Colony Group
Massachusetts
$124K +$151K +10,853 New
SI
290
Stephens Inc
Arkansas
$119K -$146K -10,454 -50%
APP
291
Alpha Paradigm Partners
Illinois
$119K +$145K +10,451 New
AGM
292
Alpine Global Management
New York
$117K +$143K +10,281 New
AWM
293
AE Wealth Management
Kansas
$117K -$255K -18,338 -64%
Tudor Investment Corp
294
Tudor Investment Corp
Connecticut
$116K +$142K +10,228 New
RCA
295
Riverview Capital Advisers
Massachusetts
$115K – – –
TFCP
296
Twin Focus Capital Partners
Massachusetts
$115K – – –
BC
297
Bartlett & Co
Ohio
$114K – – –
BCWM
298
Bartlett & Co Wealth Management
Ohio
$114K – – –
FIA
299
FNY Investment Advisers
New York
$113K +$130K +9,343 +1,422%
CF
300
Centaurus Financial
California
$110K +$7.57K +544 +6%
10 11
12
13 14

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.