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DraftKings
DKNG

807 hedge funds and large institutions have $14.8B invested in DraftKings in 2024 Q4 according to their latest regulatory filings, with 138 funds opening new positions, 254 increasing their positions, 282 reducing their positions, and 88 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 88

43% more call options, than puts

Call options by funds: $1.25B | Put options by funds: $874M

4% more funds holding

Funds holding: 773 → 807 (+34)

4.01% more ownership

Funds ownership: 77.32% → 81.34% (+4%)

0% more capital invested

Capital invested by funds: $14.7B → $14.8B (+$31.3M)

10% less repeat investments, than reductions

Existing positions increased: 254 | Existing positions reduced: 282

13% less funds holding in top 10

Funds holding in top 10: 16 → 14 (-2)

Holders
807
Holders Change
+34
Holders Change %
+4.4%
% of All Funds
10.63%
Holding in Top 10
14
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-12.5%
% of All Funds
0.18%
New
138
Increased
254
Reduced
282
Closed
88
Calls
$1.25B
Puts
$874M
Net Calls
+$380M
Net Calls Change
-$51.6M

Top Buyers

1
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$371M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$284M
3
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$263M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
+$94.1M
5
Citadel Advisors
Citadel Advisors
Florida
+$87.2M

Top Sellers

1
FAM
Fred Alger Management
New York
-$113M
2
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$85.8M
3
Macquarie Group
Macquarie Group
Australia
-$85.2M
4
KCM
Kodai Capital Management
Illinois
-$84M
5
Millennium Management
Millennium Management
New York
-$78.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
276
SOL Capital Management
Maryland
$1.49M – – –
M&T Bank
277
M&T Bank
New York
$1.49M +$28.2K +710 +2%
CM
278
Caption Management
Oklahoma
$1.48M +$1.58M +39,714 New
SMDAM
279
Sumitomo Mitsui DS Asset Management
Japan
$1.47M +$240K +6,059 +18%
CCP
280
Clarkston Capital Partners
Michigan
$1.44M – – –
CCP
281
Cunning Capital Partners
North Carolina
$1.44M – – –
HA
282
Huntleigh Advisors
Missouri
$1.42M +$1.52M +38,227 New
Mercer Global Advisors
283
Mercer Global Advisors
Colorado
$1.42M -$71.1K -1,792 -4%
Northwestern Mutual Wealth Management
284
Northwestern Mutual Wealth Management
Wisconsin
$1.41M +$94.5K +2,381 +7%
PI
285
PFG Investments
New York
$1.4M +$133K +3,357 +10%
AFAS
286
Acorn Financial Advisory Services
Virginia
$1.39M – – –
VF
287
Virtu Financial
New York
$1.39M +$1.48M +37,247 New
VPIM
288
Vanguard Personalized Indexing Management
California
$1.38M -$51.3K -1,294 -3%
VC
289
Veery Capital
Delaware
$1.38M +$215K +5,406 +17%
PAS
290
Park Avenue Securities
New York
$1.36M +$78K +1,966 +6%
KFGK
291
Keystone Financial Group (Kentucky)
Kentucky
$1.36M +$803K +20,249 +172%
RBFC
292
Roman Butler Fullerton & Co
Missouri
$1.34M +$218K +5,506 +20%
PNC Financial Services Group
293
PNC Financial Services Group
Pennsylvania
$1.33M +$57.3K +1,444 +4%
AWS
294
Atria Wealth Solutions
New York
$1.31M -$286K -7,216 -17%
RAM
295
Readystate Asset Management
Illinois
$1.31M +$1.39M +35,146 New
SA
296
Sanctuary Advisors
Indiana
$1.29M +$76.7K +1,932 +7%
AAM
297
Advisors Asset Management
Colorado
$1.28M +$96K +2,419 +8%
HIA
298
Harbor Investment Advisory
Maryland
$1.27M +$201K +5,056 +17%
EMPI
299
Elo Mutual Pension Insurance
Finland
$1.25M -$205K -5,176 -13%
NL
300
NWAM LLC
Washington
$1.22M -$201K -5,076 -13%
10 11
12
13 14

DKNG Hedge Fund Activity: Q4 2024 in Review

807 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2024, worth a combined $14.8B — up 0.21% from $14.7B a quarter earlier.

Buyers outnumbered sellers: 138 funds opened new DKNG positions and 88 closed out — a net gain of 50 holders — while 254 added to existing stakes and 282 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $371M. The largest seller was Fred Alger Management, cutting an estimated $113M.

  • 807 institutional investors held DraftKings (DKNG) as of Q4 2024, up from 773 in Q3 2024.
  • Funds reported $14.8B of DraftKings stock for Q4 2024, up 0.21% quarter-over-quarter.
  • 138 funds opened new DraftKings positions in Q4 2024 and 88 closed out, a net change of +50 holders.
  • The largest DraftKings buyer in Q4 2024 was Janus Henderson Group, an estimated $371M added.
  • The largest DraftKings seller in Q4 2024 was Fred Alger Management, an estimated $113M sold.

Based on aggregated 13F filings for Q4 2024.