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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
SS
376
Simplicity Solutions
Minnesota
$340K +$348K +7,303 New
AWE
377
Avidian Wealth Enterprises
Texas
$338K +$143K +3,010 +71%
VFA
378
Voya Financial Advisors
Connecticut
$337K +$71.2K +1,496 +28%
State Board of Administration of Florida Retirement System
379
State Board of Administration of Florida Retirement System
Florida
$329K +$337K +7,070 New
Daiwa Securities Group
380
Daiwa Securities Group
Japan
$327K -$2.77M -58,097 -89%
GCIA
381
Gabelli & Co Investment Advisers
New York
$326K +$333K +7,000 New
RWA
382
Redhawk Wealth Advisors
Minnesota
$326K +$333K +7,001 New
FB
383
Fulton Bank
Pennsylvania
$324K +$14.6K +306 +5%
HFP
384
Holistic Financial Partners
Indiana
$323K +$330K +6,937 New
GIPM
385
G2 Investment Partners Management
New York
$320K -$809K -17,000 -71%
ECG
386
Edge Capital Group
Georgia
$320K +$325K +6,816 New
WANY
387
Wealthspire Advisors (New York)
New York
$320K +$327K +6,869 New
S
388
Seeyond
France
$319K +$327K +6,859 New
WWM
389
Western Wealth Management
Colorado
$317K +$324K +6,805 New
FAIM
390
Financial Advocates Investment Management
Washington
$314K +$119K +2,498 +59%
ML
391
McAdam LLC
Pennsylvania
$311K +$51.2K +1,076 +23%
N
392
Natixis
France
$311K +$318K +6,672 New
BRWM
393
B. Riley Wealth Management
Tennessee
$310K +$317K +6,664 New
CG
394
Colony Group
Massachusetts
$304K +$310K +6,520 New
FDS
395
First Dallas Securities
Texas
$300K +$307K +6,450 New
PMG
396
ProVise Management Group
Florida
$292K +$299K +6,271 New
ASN
397
Advisory Services Network
Georgia
$289K +$203K +4,258 +219%
VIA
398
Vident Investment Advisory
Georgia
$289K +$296K +6,212 New
WAG
399
Winthrop Advisory Group
Massachusetts
$289K +$296K +6,214 New
Aberdeen Group
400
Aberdeen Group
United Kingdom
$283K +$289K +6,077 New
14 15
16
17 18

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.