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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
SFS
426
Sowell Financial Services
Arkansas
$250K +$1.19K +25 +0.5%
JWCA
427
J.W. Cole Advisors
Florida
$246K +$19.6K +411 +8%
C
428
Certuity
Florida
$244K +$71.3K +1,498 +40%
PWMG
429
Prestige Wealth Management Group
New Jersey
$243K +$193K +4,061 +353%
SAG
430
Spotlight Asset Group
Illinois
$243K +$248K +5,210 New
DTL
431
Dynamic Technology Lab
Singapore
$239K +$245K +5,142 New
US Bancorp
432
US Bancorp
Minnesota
$237K +$169K +3,550 +231%
LA
433
Latitude Advisors
Florida
$237K +$242K +5,082 New
CW
434
CreativeOne Wealth
Kansas
$234K +$240K +5,033 New
BSG
435
Black Swift Group
Colorado
$233K -$2.6M -54,700 -92%
EC
436
EJF Capital
Virginia
$233K -$238K -5,000 -50%
TAM
437
Tocqueville Asset Management
New York
$233K +$238K +5,000 New
RC
438
RegentAtlantic Capital
New Jersey
$229K +$5.24K +110 +2%
WCM
439
Weld Capital Management
New York
$229K +$234K +4,912 New
LFAS
440
Level Four Advisory Services
Texas
$227K +$232K +4,870 New
CA
441
Cornerstone Advisory
Maryland
$225K +$67.9K +1,425 +42%
FWP
442
FAS Wealth Partners
Kansas
$222K +$227K +4,773 New
FFG
443
Fortem Financial Group
California
$219K +$36.7K +770 +20%
NIM
444
Northeast Investment Management
Massachusetts
$219K +$224K +4,700 New
GAG
445
GM Advisory Group
New York
$219K +$224K +4,701 New
HSA
446
HBK Sorce Advisory
Pennsylvania
$217K -$235K -4,930 -51%
Brown Advisory
447
Brown Advisory
Maryland
$216K +$222K +4,664 New
PPP
448
Private Portfolio Partners
New Jersey
$215K +$220K +4,624 New
CFS
449
CRA Financial Services
New Jersey
$215K +$37.6K +790 +21%
OAM
450
Oppenheimer Asset Management
New York
$214K +$219K +4,602 New
16 17
18
19 20

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.