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DraftKings
DKNG

807 hedge funds and large institutions have $14.8B invested in DraftKings in 2024 Q4 according to their latest regulatory filings, with 138 funds opening new positions, 254 increasing their positions, 282 reducing their positions, and 88 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 88

43% more call options, than puts

Call options by funds: $1.25B | Put options by funds: $874M

4% more funds holding

Funds holding: 773 → 807 (+34)

4.01% more ownership

Funds ownership: 77.32% → 81.34% (+4%)

0% more capital invested

Capital invested by funds: $14.7B → $14.8B (+$31.3M)

10% less repeat investments, than reductions

Existing positions increased: 254 | Existing positions reduced: 282

13% less funds holding in top 10

Funds holding in top 10: 16 → 14 (-2)

Holders
807
Holders Change
+34
Holders Change %
+4.4%
% of All Funds
10.63%
Holding in Top 10
14
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-12.5%
% of All Funds
0.18%
New
138
Increased
254
Reduced
282
Closed
88
Calls
$1.25B
Puts
$874M
Net Calls
+$380M
Net Calls Change
-$51.6M

Top Buyers

1
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$371M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$284M
3
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$263M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
+$94.1M
5
Citadel Advisors
Citadel Advisors
Florida
+$87.2M

Top Sellers

1
FAM
Fred Alger Management
New York
-$113M
2
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$85.8M
3
Macquarie Group
Macquarie Group
Australia
-$85.2M
4
KCM
Kodai Capital Management
Illinois
-$84M
5
Millennium Management
Millennium Management
New York
-$78.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
TAF
301
Tredje AP-fonden
Sweden
$1.21M -$1.29M -32,541 -50%
AMI
302
Amica Mutual Insurance
Rhode Island
$1.19M +$110K +2,764 +9%
IAS
303
IMA Advisory Services
Colorado
$1.18M -$12.8K -322 -1%
Wealth Enhancement Advisory Services
304
Wealth Enhancement Advisory Services
Minnesota
$1.17M -$135K -3,398 -10%
SCA
305
Sippican Capital Advisors
Massachusetts
$1.16M -$12.9K -325 -1%
Rafferty Asset Management
306
Rafferty Asset Management
New York
$1.15M +$206K +5,184 +20%
SI
307
Stephens Inc
Arkansas
$1.14M -$103K -2,600 -8%
RBC
308
Romano Brothers & Co
Illinois
$1.12M -$5.04K -127 -0.4%
HFA
309
Harbert Fund Advisors
Alabama
$1.12M +$1.19M +30,000 New
AB
310
Amalgamated Bank
New York
$1.11M +$13K +327 +1%
KBC Group
311
KBC Group
Belgium
$1.11M -$12.3K -311 -1%
WAP
312
Wealthcare Advisory Partners
Pennsylvania
$1.1M -$99.2K -2,501 -8%
GIM
313
Grassi Investment Management
California
$1.1M +$165K +4,150 +16%
SLAM
314
Swiss Life Asset Management
$1.09M +$695K +17,504 +147%
HCMT
315
Highland Capital Management (Tennessee)
Tennessee
$1.09M +$1.16M +29,207 New
BF
316
BOK Financial
Oklahoma
$1.09M -$571K -14,385 -34%
DekaBank Deutsche Girozentrale
317
DekaBank Deutsche Girozentrale
Germany
$1.08M – – –
DADC
318
D.A. Davidson & Co
Montana
$1.08M +$196K +4,952 +21%
OTL
319
Oak Thistle LLC
New York
$1.07M +$583K +14,688 +105%
RGI
320
River Global Investors
United Kingdom
$1.05M -$592K -14,911 -35%
Jones Financial Companies
321
Jones Financial Companies
Missouri
$1.05M +$550K +13,862 +97%
MIM
322
MetLife Investment Management
New Jersey
$1.04M -$25.2K -635 -2%
SWA
323
Stratos Wealth Advisors
Ohio
$1.02M -$1.59K -40 -0.1%
PCA
324
Pallas Capital Advisors
Massachusetts
$1.02M -$110K -2,777 -9%
AC
325
Addison Capital
Pennsylvania
$1M -$25.6K -645 -2%
11 12
13
14 15

DKNG Hedge Fund Activity: Q4 2024 in Review

807 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2024, worth a combined $14.8B — up 0.21% from $14.7B a quarter earlier.

Buyers outnumbered sellers: 138 funds opened new DKNG positions and 88 closed out — a net gain of 50 holders — while 254 added to existing stakes and 282 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $371M. The largest seller was Fred Alger Management, cutting an estimated $113M.

  • 807 institutional investors held DraftKings (DKNG) as of Q4 2024, up from 773 in Q3 2024.
  • Funds reported $14.8B of DraftKings stock for Q4 2024, up 0.21% quarter-over-quarter.
  • 138 funds opened new DraftKings positions in Q4 2024 and 88 closed out, a net change of +50 holders.
  • The largest DraftKings buyer in Q4 2024 was Janus Henderson Group, an estimated $371M added.
  • The largest DraftKings seller in Q4 2024 was Fred Alger Management, an estimated $113M sold.

Based on aggregated 13F filings for Q4 2024.