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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
MFG
401
Midwest Financial Group
Kansas
$590K -$47.6K -1,200 -7%
JAIC
402
Josh Arnold Investment Consultant
Minnesota
$560K -$1.44M -36,365 -71%
CGA
403
Crescent Grove Advisors
Illinois
$559K – – –
CWM
404
Congress Wealth Management
Massachusetts
$544K +$46K +1,160 +9%
CIBC Asset Management
405
CIBC Asset Management
Ontario, Canada
$537K +$29.6K +746 +5%
Credit Agricole
406
Credit Agricole
France
$535K +$162K +4,094 +40%
BAMF
407
BI Asset Management Fondsmaeglerselskab
Denmark
$535K +$184K +4,626 +47%
GC
408
Guggenheim Capital
Illinois
$501K +$54.1K +1,364 +11%
KWM
409
Kingsview Wealth Management
Oregon
$500K +$8.89K +224 +2%
FFWM
410
Future Financial Wealth Management
Ohio
$498K – – –
JPWM
411
Jamison Private Wealth Management
Georgia
$483K -$27.1K -683 -5%
PCIA
412
Prime Capital Investment Advisors
Kansas
$482K +$181K +4,557 +54%
GAMC
413
Garner Asset Management Corp
Texas
$480K -$7.94K -200 -2%
AC
414
Allstate Corporation
Illinois
$478K +$510K +12,844 New
SWM
415
StoneCrest Wealth Management
Arizona
$476K -$170K -4,279 -25%
PIA
416
Perennial Investment Advisors
California
$465K – – –
O
417
Ossiam
France
$465K -$24.3K -613 -5%
PP
418
PDT Partners
New York
$458K +$488K +12,299 New
IBOK
419
Independence Bank of Kentucky
Kentucky
$457K +$487K +12,285 New
MIC
420
Means Investment Company
Maine
$454K +$56.1K +1,414 +13%
EC
421
EntryPoint Capital
New York
$451K +$481K +12,117 New
HAG
422
HighPoint Advisor Group
Illinois
$444K +$27K +680 +7%
CL
423
CSS LLC
Illinois
$440K +$469K +11,821 New
1C
424
111 Capital
France
$438K +$467K +11,771 New
FDCDDQ
425
Federation des caisses Desjardins du Quebec
Quebec, Canada
$437K +$42K +1,059 +10%
15 16
17
18 19

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.