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DraftKings
DKNG

599 hedge funds and large institutions have $9.51B invested in DraftKings in 2020 Q4 according to their latest regulatory filings, with 266 funds opening new positions, 226 increasing their positions, 68 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

316% more first-time investments, than exits

New positions opened: 266 | Existing positions closed: 64

232% more repeat investments, than reductions

Existing positions increased: 226 | Existing positions reduced: 68

49% more funds holding

Funds holding: 403 → 599 (+196)

17% more call options, than puts

Call options by funds: $887M | Put options by funds: $757M

5% more funds holding in top 10

Funds holding in top 10: 21 → 22 (+1)

0.86% more ownership

Funds ownership: 51.24% → 52.11% (+0.86%)

11% less capital invested

Capital invested by funds: $10.7B → $9.51B (-$1.15B)

Holders
599
Holders Change
+196
Holders Change %
+48.64%
% of All Funds
10.6%
Holding in Top 10
22
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+4.76%
% of All Funds
0.39%
New
266
Increased
226
Reduced
68
Closed
64
Calls
$887M
Puts
$757M
Net Calls
+$130M
Net Calls Change
-$60.8M

Top Buyers

1
FAM
Fred Alger Management
New York
+$177M
2
Capital Research Global Investors
Capital Research Global Investors
California
+$150M
3
CBA
Coastal Bridge Advisors
Connecticut
+$143M
4
BlackRock
BlackRock
New York
+$142M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$131M

Top Sellers

1
GP
Galileo PTC
British Virgin Islands
-$319M
2
Franklin Resources
Franklin Resources
California
-$237M
3
RC
Raine Capital
New York
-$237M
4
PWAM
Park West Asset Management
California
-$224M
5
GQG Partners
GQG Partners
Florida
-$176M
Name Holding Trade Value Shares
Change 		Change in
Stake
LNC
351
Lincoln National Corp
Pennsylvania
$417K +$180K +3,777 +73%
TVAMP
352
Tennessee Valley Asset Management Partners
Tennessee
$413K +$422K +8,872 New
VFA
353
Valeo Financial Advisors
Indiana
$412K +$138K +2,893 +49%
RF
354
Rollins Financial
Georgia
$412K +$421K +8,840 New
MCM
355
Manchester Capital Management
Vermont
$410K – – –
SEC
356
Seven Eight Capital
New York
$403K +$413K +8,664 New
IAP
357
Indie Asset Partners
Indiana
$394K -$23K -482 -5%
Principal Financial Group
358
Principal Financial Group
Iowa
$394K +$402K +8,452 New
IC
359
Inscription Capital
Texas
$393K +$402K +8,450 New
Nordea Investment Management
360
Nordea Investment Management
Sweden
$393K +$402K +8,451 New
APW
361
Aurora Private Wealth
New Jersey
$391K +$149K +3,120 +59%
G
362
Gainplan
Michigan
$385K +$227K +4,770 +136%
DCM
363
Driehaus Capital Management
Illinois
$382K -$28.5K -599 -7%
AAS
364
Avantax Advisory Services
Texas
$378K -$645K -13,545 -63%
HIA
365
Harbor Investment Advisory
Maryland
$377K +$762 +16 +0.2%
KA
366
Kovack Advisors
Florida
$376K +$199K +4,176 +107%
MIC
367
Means Investment Company
Maine
$376K +$303K +6,356 New
CAN
368
Claraphi Advisory Network
United States
$375K +$384K +8,062 New
IFG
369
Independent Financial Group
California
$372K +$205K +4,315 +117%
SWA
370
SFMG Wealth Advisors
Texas
$368K +$170K +3,570 +82%
PJB
371
Paul John Balson
California
$365K +$143K +3,010 +62%
MIC
372
Meridian Investment Counsel
California
$365K +$374K +7,850 New
RG
373
Retirement Group
California
$352K +$87.7K +1,842 +32%
AF
374
Advisornet Financial
Minnesota
$351K +$177K +3,710 +97%
CPIG
375
Chicago Partners Investment Group
Illinois
$343K +$5K +105 +2%
13 14
15
16 17

DKNG Hedge Fund Activity: Q4 2020 in Review

599 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2020, worth a combined $9.51B — down 11% from $10.7B a quarter earlier.

Buyers outnumbered sellers: 266 funds opened new DKNG positions and 64 closed out — a net gain of 202 holders — while 226 added to existing stakes and 68 trimmed.

The largest buyer was Fred Alger Management, adding an estimated $177M. The largest seller was Galileo PTC, exiting entirely with an estimated $319M sold.

  • 599 institutional investors held DraftKings (DKNG) as of Q4 2020, up from 403 in Q3 2020.
  • Funds reported $9.51B of DraftKings stock for Q4 2020, down 11% quarter-over-quarter.
  • 266 funds opened new DraftKings positions in Q4 2020 and 64 closed out, a net change of +202 holders.
  • The largest DraftKings buyer in Q4 2020 was Fred Alger Management, an estimated $177M added.
  • The largest DraftKings seller in Q4 2020 was Galileo PTC, an estimated $319M sold.

Based on aggregated 13F filings for Q4 2020.