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DraftKings
DKNG

403 hedge funds and large institutions have $10.7B invested in DraftKings in 2020 Q3 according to their latest regulatory filings, with 165 funds opening new positions, 122 increasing their positions, 86 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more first-time investments, than exits

New positions opened: 165 | Existing positions closed: 68

76% more capital invested

Capital invested by funds: $6.07B → $10.7B (+$4.6B)

42% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 86

34% more call options, than puts

Call options by funds: $748M | Put options by funds: $558M

31% more funds holding in top 10

Funds holding in top 10: 16 → 21 (+5)

30% more funds holding

Funds holding: 309 → 403 (+94)

0.64% less ownership

Funds ownership: 51.88% → 51.24% (-0.64%)

Holders
403
Holders Change
+94
Holders Change %
+30.42%
% of All Funds
8.13%
Holding in Top 10
21
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+31.25%
% of All Funds
0.42%
New
165
Increased
122
Reduced
86
Closed
68
Calls
$748M
Puts
$558M
Net Calls
+$191M
Net Calls Change
+$55.9M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$143M
2
GQG Partners
GQG Partners
Florida
+$117M
3
ACH
ArrowMark Colorado Holdings
Colorado
+$114M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$76.7M
5
Macquarie Group
Macquarie Group
Australia
+$57.7M

Top Sellers

1
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$104M
2
Goldman Sachs
Goldman Sachs
New York
-$82.4M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$73.3M
4
AWG
Alpha Wave Global
New York
-$65M
5
Capital World Investors
Capital World Investors
California
-$59.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
HFM
301
Harvest Fund Management
China
$186K +$80.3K +2,065 +205%
CB
302
CNB Bank
Pennsylvania
$177K -$36.6K -942 -24%
JWM
303
Jupiter Wealth Management
Colorado
$177K +$117K +3,000 New
OIA
304
Optimum Investment Advisors
Illinois
$161K +$106K +2,735 New
HWM
305
HighMark Wealth Management
Minnesota
$157K +$103K +2,660 New
BAM
306
Belpointe Asset Management
Nevada
$146K +$134K +3,441 New
RCA
307
Ranch Capital Advisors
Florida
$137K +$91K +2,340 New
NFSG
308
Newbridge Financial Services Group
Florida
$125K +$82.6K +2,125 New
CPW
309
Catalyst Private Wealth
California
$123K +$81.5K +2,097 New
CFD
310
Creative Financial Designs
Indiana
$119K +$78.9K +2,030 New
ASN
311
Advisory Services Network
Georgia
$115K +$75.7K +1,948 New
KTC
312
Kistler-Tiffany Companies
Pennsylvania
$108K +$11.1K +286 +18%
WT
313
Washington Trust
Rhode Island
$106K +$69.7K +1,794 New
AWA
314
Arkadios Wealth Advisors
Georgia
$104K +$39.9K +1,025 +77%
APWA
315
Atlas Private Wealth Advisors
New Jersey
$97K +$60.3K +1,550 +1,550%
US Bancorp
316
US Bancorp
Minnesota
$91K +$28.6K +736 +92%
S
317
SignatureFD
Georgia
$89K +$1.17K +30 +2%
EWA
318
Evolution Wealth Advisors
Florida
$88K +$58.3K +1,500 New
HIIFS
319
Harel Insurance Investments & Financial Services
Israel
$88K +$58.3K +1,500 New
TFS
320
TrustCore Financial Services
Tennessee
$83K -$95.5K -2,456 -64%
HFRG
321
Houlihan Financial Resource Group
Virginia
$81K +$75.6K +1,945 New
HI
322
Hudock Inc
Pennsylvania
$72K -$1.98K -51 -4%
Northwestern Mutual Wealth Management
323
Northwestern Mutual Wealth Management
Wisconsin
$70K +$42.5K +1,094 +1,202%
PWMG
324
Prestige Wealth Management Group
New Jersey
$68K -$99.9K -2,570 -69%
NFG
325
Next Financial Group
Texas
$65K +$43K +1,107 New
11 12
13
14 15

DKNG Hedge Fund Activity: Q3 2020 in Review

403 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2020, worth a combined $10.7B — up 76% from $6.07B a quarter earlier.

Buyers outnumbered sellers: 165 funds opened new DKNG positions and 68 closed out — a net gain of 97 holders — while 122 added to existing stakes and 86 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $143M. The largest seller was Hudson Bay Capital Management, cutting an estimated $104M.

  • 403 institutional investors held DraftKings (DKNG) as of Q3 2020, up from 309 in Q2 2020.
  • Funds reported $10.7B of DraftKings stock for Q3 2020, up 76% quarter-over-quarter.
  • 165 funds opened new DraftKings positions in Q3 2020 and 68 closed out, a net change of +97 holders.
  • The largest DraftKings buyer in Q3 2020 was Wellington Management Group, an estimated $143M added.
  • The largest DraftKings seller in Q3 2020 was Hudson Bay Capital Management, an estimated $104M sold.

Based on aggregated 13F filings for Q3 2020.