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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
SC
326
Sepio Capital
Utah
$722K +$274K +5,178 +53%
TC
327
Telemus Capital
Michigan
$720K -$2.23K -42 -0.3%
HFP
328
Holistic Financial Partners
Indiana
$720K -$424 -8 -0.1%
APP
329
Alpha Paradigm Partners
Illinois
$712K -$133K -2,514 -15%
CA
330
Claro Advisors
Massachusetts
$711K -$1.01M -19,088 -56%
SCA
331
Snowden Capital Advisors
New York
$711K +$115K +2,168 +17%
UCFA
332
United Capital Financial Advisors
Texas
$707K -$22.4K -423 -3%
Manulife (Manufacturers Life Insurance)
333
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$698K +$768K +14,490 New
SFA
334
Souders Financial Advisors
Ohio
$695K +$26.7K +504 +4%
CCM
335
Compton Capital Management
Rhode Island
$694K -$37.1K -700 -5%
JF
336
Jump Financial
Illinois
$682K +$751K +14,165 New
WBC
337
Westpac Banking Corp
Australia
$679K – – –
GFG
338
Greystone Financial Group
Michigan
$670K -$374K -7,047 -34%
CWP
339
CFM Wealth Partners
Texas
$657K +$2.65K +50 +0.4%
AWA
340
Alta Wealth Advisors
Massachusetts
$649K +$63.6K +1,200 +10%
PTC
341
Philadelphia Trust Company
Pennsylvania
$645K -$636 -12 -0.1%
TC
342
TownSquare Capital
Utah
$642K -$68.2K -1,287 -9%
FFWM
343
Future Financial Wealth Management
Ohio
$640K – – –
M&T Bank
344
M&T Bank
New York
$633K +$129K +2,427 +23%
KBC Group
345
KBC Group
Belgium
$622K -$1.73M -32,657 -72%
CPIG
346
Chicago Partners Investment Group
Illinois
$620K +$228K +4,300 +39%
ANRIA
347
American National Registered Investment Advisor
Texas
$612K -$1.85K -35 -0.3%
P8IP
348
Pier 88 Investment Partners
California
$609K +$465K +8,770 +226%
WT
349
Whittier Trust
California
$606K – – –
XWM
350
Xcel Wealth Management
Florida
$605K +$375K +7,073 +129%
12 13
14
15 16

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.