DraftKings
DKNG
492 hedge funds and large institutions have $3.16B invested in DraftKings in 2022 Q4 according to their latest regulatory filings, with 81 funds opening new positions, 150 increasing their positions, 156 reducing their positions, and 96 closing their positions.
2% more call options, than puts
Call options by funds: $347M | Put options by funds: $341M
0.69% less ownership
Funds ownership: 58.2% → 57.51% (-0.69%)
4% less repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 156
5% less funds holding
Funds holding: 516 → 492 (-24)
14% less funds holding in top 10
Funds holding in top 10: 14 → 12 (-2)
16% less first-time investments, than exits
New positions opened: 81 | Existing positions closed: 96
20% less capital invested
Capital invested by funds: $3.93B → $3.16B (-$774M)
Top Buyers
| 1 |
SC
Samlyn Capital
New York
|
+$63.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$62.7M |
| 3 |
TAA
Turiya Advisors Asia
Hong Kong
|
+$53.2M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
+$28.7M |
| 5 |
EC
Eminence Capital
New York
|
+$25.8M |
Top Sellers
DKNG Hedge Fund Activity: Q4 2022 in Review
492 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2022, worth a combined $3.16B — down 20% from $3.93B a quarter earlier.
Sellers outnumbered buyers: 96 funds closed out of DKNG and 81 opened new positions — a net loss of 15 holders — while 156 trimmed existing stakes and 150 added.
The largest buyer was Samlyn Capital, opening a new position worth an estimated $63.8M. The largest seller was T. Rowe Price Investment Management, exiting entirely with an estimated $122M sold.
- 492 institutional investors held DraftKings (DKNG) as of Q4 2022, down from 516 in Q3 2022.
- Funds reported $3.16B of DraftKings stock for Q4 2022, down 20% quarter-over-quarter.
- 81 funds opened new DraftKings positions in Q4 2022 and 96 closed out, a net change of -15 holders.
- The largest DraftKings buyer in Q4 2022 was Samlyn Capital, an estimated $63.8M added.
- The largest DraftKings seller in Q4 2022 was T. Rowe Price Investment Management, an estimated $122M sold.
Based on aggregated 13F filings for Q4 2022.