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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
IIM
326
INTECH Investment Management
Florida
$995K +$9.17K +231 +0.9%
Schroder Investment Management Group
327
Schroder Investment Management Group
United Kingdom
$993K +$1.06M +26,753 New
OBAM
328
ODDO BHF Asset Management
France
$991K -$149K -3,743 -12%
BFG
329
Bleakley Financial Group
New Jersey
$985K -$61K -1,538 -5%
Manulife (Manufacturers Life Insurance)
330
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$976K +$22.9K +576 +2%
KIA
331
Knollwood Investment Advisory
Maryland
$958K – – –
CCMW
332
Cypress Capital Management (Wyoming)
Wyoming
$957K -$59.9K -1,510 -6%
CS
333
Candriam SCA
Luxembourg
$953K +$104K +2,615 +11%
DAS
334
Dynamic Advisor Solutions
Arizona
$947K +$15.6K +392 +2%
P8IP
335
Pier 88 Investment Partners
California
$933K -$366K -9,220 -27%
P
336
Pitcairn
Pennsylvania
$933K +$407K +10,258 +69%
BEI
337
Benjamin Edwards Inc
Missouri
$928K -$36.8K -928 -4%
Kovitz Investment Group Partners
338
Kovitz Investment Group Partners
Illinois
$913K -$105K -2,637 -10%
TCM
339
Thoma Capital Management
Maryland
$902K +$962K +24,238 New
MSRPS
340
Maryland State Retirement & Pension System
Maryland
$899K -$49.8K -1,256 -5%
BMCM
341
Bryn Mawr Capital Management
Pennsylvania
$874K +$932K +23,495 New
Two Sigma Advisers
342
Two Sigma Advisers
New York
$873K -$9.76M -245,900 -91%
Allianz Asset Management
343
Allianz Asset Management
Germany
$872K -$297K -7,484 -24%
GPWM
344
Grant Private Wealth Management
California
$872K +$931K +23,454 New
IFWM
345
Institute for Wealth Management
Colorado
$863K +$17.9K +450 +2%
SPIA
346
Steward Partners Investment Advisory
New York
$856K -$99.9K -2,517 -10%
MC
347
Moors & Cabot
Massachusetts
$849K -$212K -5,350 -19%
LSA
348
Leonteq Securities AG
Switzerland
$849K +$682K +17,196 +321%
CB
349
Commerce Bank
Missouri
$847K -$1.43K -36 -0.2%
GIA
350
Gateway Investment Advisers
Ohio
$835K -$1.18M -29,765 -57%
12 13
14
15 16

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.