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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
FHC
401
First Heartland Consultants
Missouri
$422K -$6.52K -123 -1%
I
402
INVST
Indiana
$417K -$30.7K -580 -6%
SSA
403
Schonfeld Strategic Advisors
New York
$414K +$456K +8,600 New
IRF
404
IBM Retirement Fund
New York
$413K – – –
MIC
405
Meridian Investment Counsel
California
$412K +$6.63K +125 +1%
CAG
406
Crestwood Advisors Group
Massachusetts
$408K +$159 +3 +0%
WAG
407
Winthrop Advisory Group
Massachusetts
$398K -$6.84K -129 -2%
IAP
408
Indie Asset Partners
Indiana
$396K +$10.6K +200 +2%
CIBC Private Wealth Group
409
CIBC Private Wealth Group
Georgia
$389K -$40.2K -758 -9%
HIA
410
Harbor Investment Advisory
Maryland
$389K -$5.3K -100 -1%
BWM
411
BigSur Wealth Management
Florida
$385K +$424K +8,000 New
SMH
412
Sanders Morris Harris
Texas
$380K +$419K +7,900 New
AC
413
Asio Capital
Kentucky
$378K +$12.2K +230 +3%
TAL
414
TIG Advisors LLC
New York
$378K +$416K +7,851 New
1832 Asset Management
415
1832 Asset Management
Ontario, Canada
$369K +$119K +2,240 +42%
MGIA
416
Moneta Group Investment Advisors
Missouri
$361K +$68.2K +1,286 +21%
NF
417
Nikulski Financial
Iowa
$358K -$265 -5 -0.1%
FFG
418
Fortem Financial Group
California
$355K +$13.5K +255 +4%
CAM
419
Covenant Asset Management
New Jersey
$353K +$9.81K +185 +3%
GAM
420
Griffin Asset Management
New York
$352K -$176K -3,320 -31%
JWCA
421
J.W. Cole Advisors
Florida
$351K +$137K +2,591 +55%
CC
422
Centiva Capital
New York
$347K +$382K +7,198 New
AIA
423
Armor Investment Advisors
North Carolina
$345K +$51.8K +977 +16%
IC
424
IEQ Capital
California
$345K +$380K +7,162 New
DTL
425
Dynamic Technology Lab
Singapore
$341K +$375K +7,074 New
15 16
17
18 19

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.