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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
TFGT
351
TS Financial Group (TSFG)
Illinois
$28K – – –
GWS
352
Glassman Wealth Services
Virginia
$26K +$17.5K +450 New
CCM
353
Covington Capital Management
California
$21K +$13.6K +350 New
FDCDDQ
354
Federation des caisses Desjardins du Quebec
Quebec, Canada
$20.6K +$10.9K +280 +400%
CHA
355
Carmichael Hill & Associates
Maryland
$18K – – –
NSIM
356
North Star Investment Management
Illinois
$18K +$11.7K +300 New
HNB
357
Huntington National Bank
Ohio
$18K +$11.7K +301 New
SBL
358
Sargent Bickham Lagudis
Colorado
$17K +$11.1K +285 New
EWM
359
Edge Wealth Management
New York
$16K -$33.4K -859 -76%
GRP
360
Global Retirement Partners
California
$16K +$9.72K +250 +1,667%
EWM
361
Endurance Wealth Management
Rhode Island
$15K – – –
HR
362
Howe & Rusling
New York
$14K +$1.36K +35 +18%
AWM
363
Avior Wealth Management
Nebraska
$14K +$4.86K +125 +100%
AA
364
Ancora Advisors
Ohio
$14K +$5.83K +150 +188%
AF
365
Allworth Financial
California
$12K – – –
LWCFA
366
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$12K – – –
BFEC
367
Benjamin F. Edwards & Company
Missouri
$12K +$7.78K +200 New
FCH
368
Freestone Capital Holdings
Washington
$11.8K +$7.78K +200 New
AAP
369
Arax Advisory Partners
Colorado
$11K -$1.17K -30 -14%
TPWA
370
TRUE Private Wealth Advisors
Oregon
$11K +$7.78K +200 New
IFAM
371
Institutional & Family Asset Management
Colorado
$10K – – –
Millennium Management
372
Millennium Management
New York
$9.32K -$1.96M -50,294 -24%
LFG
373
Larson Financial Group
Missouri
$9K +$5.6K +144 +1,440%
First Manhattan
374
First Manhattan
New York
$8K – – –
WCG
375
Weaver Consulting Group
California
$8K – – –
13 14
15
16 17

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.