We are live on ! Find out more
DKNG icon

DraftKings
DKNG

836 hedge funds and large institutions have $15.2B invested in DraftKings in 2025 Q3 according to their latest regulatory filings, with 124 funds opening new positions, 299 increasing their positions, 247 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 299 | Existing positions reduced: 247

7% more call options, than puts

Call options by funds: $1.26B | Put options by funds: $1.18B

2% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 122

2% less funds holding

Funds holding: 849 → 836 (-13)

2.16% less ownership

Funds ownership: 84.25% → 82.09% (-2.2%)

15% less capital invested

Capital invested by funds: $17.9B → $15.2B (-$2.69B)

47% less funds holding in top 10

Funds holding in top 10: 15 → 8 (-7)

Holders
836
Holders Change
-13
Holders Change %
-1.53%
% of All Funds
10.97%
Holding in Top 10
8
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-46.67%
% of All Funds
0.11%
New
124
Increased
299
Reduced
247
Closed
122
Calls
$1.26B
Puts
$1.18B
Net Calls
+$86.6M
Net Calls Change
-$316M

Top Buyers

1
Viking Global Investors
Viking Global Investors
Connecticut
+$665M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$201M
3
Squarepoint
Squarepoint
New York
+$95.7M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$86M
5
Jane Street
Jane Street
New York
+$74.4M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$310M
2
WRCM
Whale Rock Capital Management
Massachusetts
-$229M
3
Franklin Resources
Franklin Resources
California
-$201M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$169M
5
SC
Samlyn Capital
New York
-$117M
Name Holding Trade Value Shares
Change 		Change in
Stake
EH
351
Equitable Holdings
New York
$995K +$131K +2,965 +13%
RFC
352
Regions Financial Corp
Alabama
$992K +$167K +3,775 +17%
TPW
353
Transatlantique Private Wealth
New York
$985K +$233K +5,264 +25%
RBFC
354
Roman Butler Fullerton & Co
Missouri
$979K +$27K +610 +2%
GIA
355
Gateway Investment Advisers
Ohio
$973K -$931 -21 -0.1%
CS
356
Candriam SCA
Luxembourg
$970K +$163K +3,683 +17%
KIA
357
Knollwood Investment Advisory
Maryland
$963K – – –
PF
358
Phoenix Financial
Israel
$951K +$190K +4,285 +20%
OBAM
359
ODDO BHF Asset Management
France
$941K -$40K -902 -3%
TCM
360
Thoma Capital Management
Maryland
$937K -$8.96K -202 -0.8%
CP
361
Cumberland Partners
Ontario, Canada
$935K +$1.11M +25,000 New
NA
362
NewEdge Advisors
Louisiana
$929K +$31.2K +704 +3%
PCM
363
Prelude Capital Management
New York
$921K +$1.09M +24,615 New
Rafferty Asset Management
364
Rafferty Asset Management
New York
$908K +$28.6K +646 +3%
BF
365
BOK Financial
Oklahoma
$900K -$253K -5,716 -19%
S
366
Sunpointe
Missouri
$898K +$403K +9,100 +61%
SC
367
Sapient Capital
Indiana
$898K -$44.3K -1,000 -5%
MSRPS
368
Maryland State Retirement & Pension System
Maryland
$874K – – –
TCM
369
Traynor Capital Management
Pennsylvania
$872K -$7.76K -175 -0.7%
HH
370
Hilltop Holdings
Texas
$872K +$2.35K +53 +0.2%
BWFA
371
Baltimore-Washington Financial Advisors
Maryland
$871K +$73.9K +1,666 +8%
MS
372
Maven Securities
Jersey
$865K +$1.02M +23,083 New
CA
373
Clearstead Advisors
Ohio
$862K +$751K +16,938 +277%
SAM
374
Silvercrest Asset Management
New York
$853K +$11.2K +253 +1%
PNC Financial Services Group
375
PNC Financial Services Group
Pennsylvania
$849K -$828K -18,679 -45%
13 14
15
16 17

DKNG Hedge Fund Activity: Q3 2025 in Review

836 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2025, worth a combined $15.2B — down 15% from $17.9B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new DKNG positions and 122 closed out — a net gain of 2 holders — while 299 added to existing stakes and 247 trimmed.

The largest buyer was Viking Global Investors, opening a new position worth an estimated $665M. The largest seller was Citadel Advisors, cutting an estimated $310M.

  • 836 institutional investors held DraftKings (DKNG) as of Q3 2025, down from 849 in Q2 2025.
  • Funds reported $15.2B of DraftKings stock for Q3 2025, down 15% quarter-over-quarter.
  • 124 funds opened new DraftKings positions in Q3 2025 and 122 closed out, a net change of +2 holders.
  • The largest DraftKings buyer in Q3 2025 was Viking Global Investors, an estimated $665M added.
  • The largest DraftKings seller in Q3 2025 was Citadel Advisors, an estimated $310M sold.

Based on aggregated 13F filings for Q3 2025.