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DraftKings
DKNG

836 hedge funds and large institutions have $15.2B invested in DraftKings in 2025 Q3 according to their latest regulatory filings, with 124 funds opening new positions, 299 increasing their positions, 247 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 299 | Existing positions reduced: 247

7% more call options, than puts

Call options by funds: $1.26B | Put options by funds: $1.18B

2% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 122

2% less funds holding

Funds holding: 849 → 836 (-13)

2.16% less ownership

Funds ownership: 84.25% → 82.09% (-2.2%)

15% less capital invested

Capital invested by funds: $17.9B → $15.2B (-$2.69B)

47% less funds holding in top 10

Funds holding in top 10: 15 → 8 (-7)

Holders
836
Holders Change
-13
Holders Change %
-1.53%
% of All Funds
10.97%
Holding in Top 10
8
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-46.67%
% of All Funds
0.11%
New
124
Increased
299
Reduced
247
Closed
122
Calls
$1.26B
Puts
$1.18B
Net Calls
+$86.6M
Net Calls Change
-$316M

Top Buyers

1
Viking Global Investors
Viking Global Investors
Connecticut
+$665M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$201M
3
Squarepoint
Squarepoint
New York
+$95.7M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$86M
5
Jane Street
Jane Street
New York
+$74.4M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$310M
2
WRCM
Whale Rock Capital Management
Massachusetts
-$229M
3
Franklin Resources
Franklin Resources
California
-$201M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$169M
5
SC
Samlyn Capital
New York
-$117M
Name Holding Trade Value Shares
Change 		Change in
Stake
BBVA
301
Banco Bilbao Vizcaya Argentaria
Spain
$1.58M +$1.85M +41,652 New
Mackenzie Financial
302
Mackenzie Financial
Ontario, Canada
$1.56M +$387K +8,717 +26%
CM
303
Caption Management
Oklahoma
$1.55M +$1.49M +33,646 +428%
VC
304
Veery Capital
Delaware
$1.53M -$149K -3,364 -8%
CF
305
Cantor Fitzgerald
New York
$1.53M +$1.55M +34,850 New
SCM
306
SOL Capital Management
Maryland
$1.5M – – –
CA
307
Claro Advisors
Massachusetts
$1.48M -$12K -270 -0.7%
Walleye Capital
308
Walleye Capital
New York
$1.48M +$1.55M +34,890 +760%
SI
309
Stephens Inc
Arkansas
$1.47M -$81.1K -1,830 -4%
SMDAM
310
Sumitomo Mitsui DS Asset Management
Japan
$1.46M -$6.21K -140 -0.4%
AB
311
Amalgamated Bank
New York
$1.45M +$152K +3,438 +10%
Vontobel Holding
312
Vontobel Holding
Switzerland
$1.43M +$1.28M +28,961 +308%
KBC Group
313
KBC Group
Belgium
$1.43M +$163K +3,665 +11%
SLAM
314
Swiss Life Asset Management
$1.43M -$10.6K -238 -0.6%
FPAS
315
Focus Partners Advisor Solutions
Missouri
$1.42M +$780K +17,583 +70%
KF
316
Krilogy Financial
Missouri
$1.4M +$1.38M +31,094 +162%
EP
317
Essential Partners
California
$1.39M +$73.7K +1,662 +5%
BCM
318
Bayesian Capital Management
New York
$1.37M -$324K -7,300 -17%
WG
319
Winton Group
United Kingdom
$1.37M +$1.62M +36,594 New
HFS
320
Hantz Financial Services
Michigan
$1.34M +$4.97K +112 +0.3%
CWP
321
Capital Wealth Planning
Florida
$1.33M +$1.57M +35,485 New
FWM
322
Fonville Wealth Management
Virginia
$1.31M -$8.87K -200 -0.6%
Manulife (Manufacturers Life Insurance)
323
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.25M -$36.8K -829 -2%
MAM
324
Mark Asset Management
New York
$1.21M +$168K +3,782 +13%
AMI
325
Amica Mutual Insurance
Rhode Island
$1.2M – – –
11 12
13
14 15

DKNG Hedge Fund Activity: Q3 2025 in Review

836 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2025, worth a combined $15.2B — down 15% from $17.9B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new DKNG positions and 122 closed out — a net gain of 2 holders — while 299 added to existing stakes and 247 trimmed.

The largest buyer was Viking Global Investors, opening a new position worth an estimated $665M. The largest seller was Citadel Advisors, cutting an estimated $310M.

  • 836 institutional investors held DraftKings (DKNG) as of Q3 2025, down from 849 in Q2 2025.
  • Funds reported $15.2B of DraftKings stock for Q3 2025, down 15% quarter-over-quarter.
  • 124 funds opened new DraftKings positions in Q3 2025 and 122 closed out, a net change of +2 holders.
  • The largest DraftKings buyer in Q3 2025 was Viking Global Investors, an estimated $665M added.
  • The largest DraftKings seller in Q3 2025 was Citadel Advisors, an estimated $310M sold.

Based on aggregated 13F filings for Q3 2025.