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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
BFM
301
Boothbay Fund Management
New York
$656K +$290K +6,087 +76%
ECM
302
ExodusPoint Capital Management
New York
$650K -$508K -10,668 -43%
CAPTRUST Financial Advisors
303
CAPTRUST Financial Advisors
North Carolina
$647K +$450K +9,447 +213%
MCC
304
Malaga Cove Capital
California
$639K +$655K +13,750 New
KFGK
305
Keystone Financial Group (Kentucky)
Kentucky
$632K +$190K +3,991 +42%
BCM
306
Barometer Capital Management
Ontario, Canada
$631K -$5.5M -115,425 -89%
VWA
307
V Wealth Advisors
Kansas
$631K +$645K +13,536 New
MMA
308
Miracle Mile Advisors
California
$620K +$633K +13,286 New
DnB Asset Management
309
DnB Asset Management
Norway
$615K +$629K +13,203 New
GA
310
GoalVest Advisory
New York
$612K +$625K +13,136 New
N
311
Nuveen
North Carolina
$601K +$615K +12,916 New
ANRIA
312
American National Registered Investment Advisor
Texas
$598K +$612K +12,850 New
GCP
313
GSA Capital Partners
United Kingdom
$595K +$445K +9,356 +274%
WG
314
Winton Group
United Kingdom
$594K -$1.53M -32,048 -72%
SFA
315
Souders Financial Advisors
Ohio
$585K +$13K +272 +2%
ECM
316
EMC Capital Management
Texas
$582K +$595K +12,497 New
LBD
317
Landsberg Bennett & Dubbaneh
Florida
$581K +$594K +12,484 New
SC
318
Sepio Capital
Utah
$578K +$591K +12,408 New
AWA
319
Alta Wealth Advisors
Massachusetts
$572K +$585K +12,286 New
SCA
320
Snowden Capital Advisors
New York
$566K +$579K +12,160 New
M&T Bank
321
M&T Bank
New York
$564K +$273K +5,726 +89%
EMPI
322
Elo Mutual Pension Insurance
Finland
$563K +$576K +12,101 New
SBIA
323
Sheaff Brock Investment Advisors
Indiana
$562K +$239K +5,017 +71%
ER
324
Enlightenment Research
Florida
$559K +$571K +12,000 New
NFG
325
Nations Financial Group
Iowa
$554K +$567K +11,900 New
11 12
13
14 15

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.