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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
PF
351
Phoenix Financial
Israel
$832K +$887K +22,361 New
MMEA
352
Main Management ETF Advisors
California
$821K -$78.7K -1,984 -8%
QCM
353
Quantinno Capital Management
New York
$818K +$203K +5,105 +30%
NIP
354
Nicholas Investment Partners
California
$808K -$99.1K -2,498 -10%
MLM
355
Mount Lucas Management
Pennsylvania
$807K -$182K -4,594 -17%
BWFA
356
Baltimore-Washington Financial Advisors
Maryland
$805K +$1.43K +36 +0.2%
TCM
357
Traynor Capital Management
Pennsylvania
$800K -$3.17K -80 -0.4%
CFG
358
Citizens Financial Group
Rhode Island
$789K +$842K +21,216 New
TA
359
TFB Advisors
Kansas
$787K +$125K +3,151 +17%
PCM
360
Penn Capital Management
Pennsylvania
$786K -$1.17M -29,535 -58%
Robeco Institutional Asset Management
361
Robeco Institutional Asset Management
Netherlands
$783K -$101K -2,553 -11%
GGHC
362
Gilder Gagnon Howe & Co
New York
$779K +$2.98K +75 +0.4%
FFL
363
Future Fund LLC
Illinois
$767K – – –
TI
364
Tidal Investments
Wisconsin
$765K +$106K +2,660 +15%
PA
365
Profund Advisors
Maryland
$758K +$556 +14 +0.1%
IMCOOI
366
Investment Management Corp of Ontario (IMCO)
Canada
$748K +$223K +5,623 +39%
FSA
367
Franklin Street Advisors
North Carolina
$744K – – –
GFG
368
Greystone Financial Group
Michigan
$742K +$19.4K +490 +3%
GCM
369
Graham Capital Management
Connecticut
$736K +$785K +19,784 New
CWM
370
CIBC World Markets
New York
$736K -$224K -5,641 -22%
Nordea Investment Management
371
Nordea Investment Management
Sweden
$732K – – –
Rockefeller Capital Management
372
Rockefeller Capital Management
New York
$729K -$19.9K -502 -2%
NL
373
NVWM LLC
Pennsylvania
$720K +$12.4K +312 +2%
SC
374
Sapient Capital
Indiana
$718K +$1.51K +38 +0.2%
IAA
375
Independent Advisor Alliance
North Carolina
$714K +$278 +7 +0%
13 14
15
16 17

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.