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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
BJL
276
Brighton Jones LLC
Washington
$1.94M +$669K +15,096 +41%
P
277
Pitcairn
Pennsylvania
$1.94M -$871K -19,653 -28%
SSA
278
Schonfeld Strategic Advisors
New York
$1.93M -$56.6M -1,277,286 -96%
MG
279
Marex Group
$1.92M +$2.27M +51,215 New
SWP
280
Strategic Wealth Partners
Ohio
$1.92M +$49.5K +1,116 +2%
OAM
281
OP Asset Management
$1.9M +$115K +2,593 +5%
WSA
282
Warm Springs Advisors
California
$1.87M – – –
AG
283
Algert Global
California
$1.83M +$1.83M +41,335 +544%
WIM
284
Westside Investment Management
California
$1.75M -$8.65K -195 -0.4%
CM
285
Capula Management
Cayman Islands
$1.74M +$2.07M +46,611 New
OCM
286
One Capital Management
California
$1.74M +$772K +17,406 +60%
OCA
287
Otter Creek Advisors
Florida
$1.72M -$1.62M -36,614 -44%
PWA
288
Primoris Wealth Advisors
Florida
$1.7M +$1.8M +40,650 +845%
Daiwa Securities Group
289
Daiwa Securities Group
Japan
$1.66M +$17.8K +402 +0.9%
New York State Teachers Retirement System (NYSTRS)
290
New York State Teachers Retirement System (NYSTRS)
New York
$1.65M +$146K +3,284 +8%
DFCM
291
Dark Forest Capital Management
Puerto Rico
$1.63M +$1.45M +32,625 +295%
Public Employees Retirement Association of Colorado
292
Public Employees Retirement Association of Colorado
Colorado
$1.63M -$31.7K -715 -2%
HA
293
Huntleigh Advisors
Missouri
$1.63M +$16.1K +363 +0.8%
IA
294
IFP Advisors
Florida
$1.63M -$37.1K -836 -2%
RIM
295
Rakuten Investment Management
Japan
$1.62M +$166K +3,735 New
FRM
296
Fox Run Management
Connecticut
$1.62M +$1.36M +30,709 +246%
AIMCA
297
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.61M +$1.91M +43,000 New
CIC
298
Carnegie Investment Counsel
Ohio
$1.61M -$35.5K -800 -2%
VPIM
299
Vanguard Personalized Indexing Management
California
$1.6M +$146K +3,282 +8%
NICM
300
Neo Ivy Capital Management
New York
$1.6M +$736K +16,591 +63%
10 11
12
13 14

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.