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DraftKings
DKNG

403 hedge funds and large institutions have $10.7B invested in DraftKings in 2020 Q3 according to their latest regulatory filings, with 165 funds opening new positions, 122 increasing their positions, 86 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more first-time investments, than exits

New positions opened: 165 | Existing positions closed: 68

76% more capital invested

Capital invested by funds: $6.07B → $10.7B (+$4.6B)

42% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 86

34% more call options, than puts

Call options by funds: $748M | Put options by funds: $558M

31% more funds holding in top 10

Funds holding in top 10: 16 → 21 (+5)

30% more funds holding

Funds holding: 309 → 403 (+94)

0.64% less ownership

Funds ownership: 51.88% → 51.24% (-0.64%)

Holders
403
Holders Change
+94
Holders Change %
+30.42%
% of All Funds
8.13%
Holding in Top 10
21
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+31.25%
% of All Funds
0.42%
New
165
Increased
122
Reduced
86
Closed
68
Calls
$748M
Puts
$558M
Net Calls
+$191M
Net Calls Change
+$55.9M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$143M
2
GQG Partners
GQG Partners
Florida
+$117M
3
ACH
ArrowMark Colorado Holdings
Colorado
+$114M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$76.7M
5
Macquarie Group
Macquarie Group
Australia
+$57.7M

Top Sellers

1
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$104M
2
Goldman Sachs
Goldman Sachs
New York
-$82.4M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$73.3M
4
AWG
Alpha Wave Global
New York
-$65M
5
Capital World Investors
Capital World Investors
California
-$59.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
CFA
326
Carroll Financial Associates
North Carolina
$63K -$120K -3,092 -74%
LDFR
327
Lehman & Derafelo Financial Resources
Pennsylvania
$60K – – –
PP
328
PrairieView Partners
Minnesota
$59K -$58.3K -1,500 -60%
PGAM
329
Princeton Global Asset Management
New Jersey
$59K +$38.9K +1,000 New
CCM
330
Chiron Capital Management
Florida
$53K +$35K +900 New
SSB
331
Sandy Spring Bank
Maryland
$52K +$25.5K +655 +298%
BFC
332
Bedel Financial Consulting
Indiana
$48K – – –
NC
333
NewSquare Capital
Pennsylvania
$47K -$1.94K -50 -6%
HPC
334
HM Payson & Co
Maine
$45K – – –
JCM
335
Jacobi Capital Management
Pennsylvania
$45K +$28.9K +743 +2,477%
CCMW
336
Cypress Capital Management (Wyoming)
Wyoming
$41K +$32.3K +830 New
MF
337
Manchester Financial
California
$40K +$25.8K +664 +6,640%
WEC
338
Winslow Evans & Crocker
Massachusetts
$38K – – –
TF
339
TimeScale Financial
Massachusetts
$37K +$13.8K +355 +146%
AWM
340
Atticus Wealth Management
Florida
$36K -$1.94K -50 -8%
HWA
341
HHM Wealth Advisors
Tennessee
$35K – – –
PFO
342
Pathstone Family Office
New Jersey
$35K +$7.97K +205 +51%
CL
343
CSS LLC
Illinois
$35K +$23.3K +600 New
PFGIA
344
Patriot Financial Group Insurance Agency
Massachusetts
$34K -$53.9K -1,387 -71%
NNP
345
Nachman Norwood & Parrott
South Carolina
$32K +$21.1K +542 New
CFGS
346
Concourse Financial Group Securities
Alabama
$32K +$21.4K +550 New
CAL
347
Capital Analysts LLC
Pennsylvania
$29K +$1.94K +50 +11%
CLOS
348
Compagnie Lombard Odier SCmA
Switzerland
$29K +$19.4K +500 New
FA
349
Fortis Advisors
Pennsylvania
$29K +$19.4K +500 New
GWMIA
350
Global Wealth Management Investment Advisory
Florida
$28K -$42.8K -1,100 -70%
12 13
14
15 16

DKNG Hedge Fund Activity: Q3 2020 in Review

403 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2020, worth a combined $10.7B — up 76% from $6.07B a quarter earlier.

Buyers outnumbered sellers: 165 funds opened new DKNG positions and 68 closed out — a net gain of 97 holders — while 122 added to existing stakes and 86 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $143M. The largest seller was Hudson Bay Capital Management, cutting an estimated $104M.

  • 403 institutional investors held DraftKings (DKNG) as of Q3 2020, up from 309 in Q2 2020.
  • Funds reported $10.7B of DraftKings stock for Q3 2020, up 76% quarter-over-quarter.
  • 165 funds opened new DraftKings positions in Q3 2020 and 68 closed out, a net change of +97 holders.
  • The largest DraftKings buyer in Q3 2020 was Wellington Management Group, an estimated $143M added.
  • The largest DraftKings seller in Q3 2020 was Hudson Bay Capital Management, an estimated $104M sold.

Based on aggregated 13F filings for Q3 2020.