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DraftKings
DKNG

713 hedge funds and large institutions have $12.5B invested in DraftKings in 2021 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 294 increasing their positions, 198 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 69

48% more repeat investments, than reductions

Existing positions increased: 294 | Existing positions reduced: 198

14% more funds holding in top 10

Funds holding in top 10: 14 → 16 (+2)

4% more funds holding

Funds holding: 684 → 713 (+29)

1.01% more ownership

Funds ownership: 63.07% → 64.08% (+1%)

2% more call options, than puts

Call options by funds: $1.65B | Put options by funds: $1.62B

2% less capital invested

Capital invested by funds: $12.7B → $12.5B (-$229M)

Holders
713
Holders Change
+29
Holders Change %
+4.24%
% of All Funds
12.48%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.28%
New
109
Increased
294
Reduced
198
Closed
69
Calls
$1.65B
Puts
$1.62B
Net Calls
+$29.6M
Net Calls Change
+$415K

Top Buyers

1
AIM
ARK Investment Management
Florida
+$207M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$184M
3
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$159M
4
NAMA
Nikko Asset Management Americas
New York
+$140M
5
Two Sigma Investments
Two Sigma Investments
New York
+$103M

Top Sellers

1
AIM
Achmea Investment Management
Netherlands
-$530M
2
RC
Raine Capital
New York
-$294M
3
JP Morgan Chase
JP Morgan Chase
New York
-$82.3M
4
FCOI
FirstMark Capital OF II
New York
-$48.6M
5
FAM
Fred Alger Management
New York
-$41.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
BOH
301
Bank of Hawaii
Hawaii
$889K -$84.3K -1,591 -8%
Wolverine Trading
302
Wolverine Trading
Illinois
$887K -$4.27M -80,554 -81%
HAG
303
HighPoint Advisor Group
Illinois
$866K -$311K -5,867 -25%
APG Asset Management
304
APG Asset Management
Netherlands
$863K -$1.72M -32,480 -61%
PCIA
305
Prime Capital Investment Advisors
Kansas
$855K +$674K +12,722 +253%
SBH
306
Segall Bryant & Hamill
Illinois
$854K – – –
SMDAM
307
Sumitomo Mitsui DS Asset Management
Japan
$852K +$432K +8,145 +85%
AB
308
Amalgamated Bank
New York
$849K -$156K -2,946 -14%
TFCP
309
Twin Focus Capital Partners
Massachusetts
$848K – – –
RCAG
310
Rehmann Capital Advisory Group
Michigan
$838K -$166K -3,135 -15%
Nordea Investment Management
311
Nordea Investment Management
Sweden
$837K +$476K +8,975 +106%
BBVA
312
Banco Bilbao Vizcaya Argentaria
Spain
$833K +$923K +17,412 New
HLA
313
Hamilton Lane Advisors
Pennsylvania
$808K +$889K +16,772 New
CAM
314
Cresset Asset Management
Illinois
$806K +$265K +4,992 +43%
ACM
315
Aljian Capital Management
Nevada
$802K -$420K -7,930 -32%
ESCM
316
Echo Street Capital Management
New York
$799K +$879K +16,589 New
CCM
317
Covington Capital Management
California
$788K -$113K -2,125 -11%
EGM
318
Engineers Gate Manager
New York
$782K -$2.45M -46,259 -74%
PAS
319
Park Avenue Securities
New York
$782K +$454K +8,569 +112%
BRWM
320
B. Riley Wealth Management
Tennessee
$774K +$624K +11,774 +274%
LNC
321
Lincoln National Corp
Pennsylvania
$755K +$156K +2,949 +23%
FHA
322
Flagship Harbor Advisors
Massachusetts
$754K – – –
Cerity Partners
323
Cerity Partners
New York
$741K +$451K +8,500 +123%
Mackenzie Financial
324
Mackenzie Financial
Ontario, Canada
$735K +$219K +4,139 +37%
CGA
325
Crescent Grove Advisors
Illinois
$724K – – –
11 12
13
14 15

DKNG Hedge Fund Activity: Q3 2021 in Review

713 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2021, worth a combined $12.5B — down 1.8% from $12.7B a quarter earlier.

Buyers outnumbered sellers: 109 funds opened new DKNG positions and 69 closed out — a net gain of 40 holders — while 294 added to existing stakes and 198 trimmed.

The largest buyer was ARK Investment Management, adding an estimated $207M. The largest seller was Achmea Investment Management, cutting an estimated $530M.

  • 713 institutional investors held DraftKings (DKNG) as of Q3 2021, up from 684 in Q2 2021.
  • Funds reported $12.5B of DraftKings stock for Q3 2021, down 1.8% quarter-over-quarter.
  • 109 funds opened new DraftKings positions in Q3 2021 and 69 closed out, a net change of +40 holders.
  • The largest DraftKings buyer in Q3 2021 was ARK Investment Management, an estimated $207M added.
  • The largest DraftKings seller in Q3 2021 was Achmea Investment Management, an estimated $530M sold.

Based on aggregated 13F filings for Q3 2021.