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DraftKings
DKNG

713 hedge funds and large institutions have $12.5B invested in DraftKings in 2021 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 294 increasing their positions, 198 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 69

48% more repeat investments, than reductions

Existing positions increased: 294 | Existing positions reduced: 198

14% more funds holding in top 10

Funds holding in top 10: 14 → 16 (+2)

4% more funds holding

Funds holding: 684 → 713 (+29)

1.01% more ownership

Funds ownership: 63.07% → 64.08% (+1%)

2% more call options, than puts

Call options by funds: $1.65B | Put options by funds: $1.62B

2% less capital invested

Capital invested by funds: $12.7B → $12.5B (-$229M)

Holders
713
Holders Change
+29
Holders Change %
+4.24%
% of All Funds
12.48%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.28%
New
109
Increased
294
Reduced
198
Closed
69
Calls
$1.65B
Puts
$1.62B
Net Calls
+$29.6M
Net Calls Change
+$415K

Top Buyers

1
AIM
ARK Investment Management
Florida
+$207M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$184M
3
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$159M
4
NAMA
Nikko Asset Management Americas
New York
+$140M
5
Two Sigma Investments
Two Sigma Investments
New York
+$103M

Top Sellers

1
AIM
Achmea Investment Management
Netherlands
-$530M
2
RC
Raine Capital
New York
-$294M
3
JP Morgan Chase
JP Morgan Chase
New York
-$82.3M
4
FCOI
FirstMark Capital OF II
New York
-$48.6M
5
FAM
Fred Alger Management
New York
-$41.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
FC
376
Forte Capital
New York
$512K +$7.16K +135 +1%
SBIA
377
Sheaff Brock Investment Advisors
Indiana
$509K -$127K -2,400 -18%
AFM
378
Abbot Financial Management
Massachusetts
$507K +$558K +10,526 New
PAM
379
Panagora Asset Management
Massachusetts
$505K +$3.66K +69 +0.7%
BSW
380
Buckingham Strategic Wealth
Missouri
$503K -$103K -1,946 -16%
SWA
381
SFMG Wealth Advisors
Texas
$496K -$2.65K -50 -0.5%
CI
382
Clal Insurance
Israel
$482K – – –
PTP
383
Platform Technology Partners
New York
$481K -$82K -1,547 -13%
CIA
384
Choate Investment Advisors
Massachusetts
$480K – – –
VWA
385
V Wealth Advisors
Kansas
$467K -$197K -3,713 -28%
MF
386
Magnetar Financial
Illinois
$465K +$512K +9,656 New
Mercer Global Advisors
387
Mercer Global Advisors
Colorado
$463K -$85.5K -1,613 -14%
ACM
388
ACT Capital Management
Pennsylvania
$462K +$509K +9,600 New
IWM
389
IHT Wealth Management
Illinois
$459K -$10.4K -196 -2%
GCIA
390
Gabelli & Co Investment Advisers
New York
$458K – – –
IC
391
Inscription Capital
Texas
$456K +$502K +9,475 New
LA
392
Latitude Advisors
Florida
$451K +$248K +4,682 +100%
EH
393
Equitable Holdings
New York
$449K -$276K -5,210 -36%
KWM
394
Keebeck Wealth Management
Illinois
$448K – – –
ER
395
Enlightenment Research
Florida
$448K +$493K +9,300 New
MA
396
Mutual Advisors
Nebraska
$447K -$15.1K -284 -3%
MAM
397
Morse Asset Management
Connecticut
$445K +$490K +9,250 New
JIP
398
Jaffetilchin Investment Partners
Florida
$441K -$14.7K -278 -3%
WA
399
Wealth Advisors
California
$436K – – –
LWM
400
Lyell Wealth Management
California
$429K – – –
14 15
16
17 18

DKNG Hedge Fund Activity: Q3 2021 in Review

713 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2021, worth a combined $12.5B — down 1.8% from $12.7B a quarter earlier.

Buyers outnumbered sellers: 109 funds opened new DKNG positions and 69 closed out — a net gain of 40 holders — while 294 added to existing stakes and 198 trimmed.

The largest buyer was ARK Investment Management, adding an estimated $207M. The largest seller was Achmea Investment Management, cutting an estimated $530M.

  • 713 institutional investors held DraftKings (DKNG) as of Q3 2021, up from 684 in Q2 2021.
  • Funds reported $12.5B of DraftKings stock for Q3 2021, down 1.8% quarter-over-quarter.
  • 109 funds opened new DraftKings positions in Q3 2021 and 69 closed out, a net change of +40 holders.
  • The largest DraftKings buyer in Q3 2021 was ARK Investment Management, an estimated $207M added.
  • The largest DraftKings seller in Q3 2021 was Achmea Investment Management, an estimated $530M sold.

Based on aggregated 13F filings for Q3 2021.