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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
CCM
451
Cinctive Capital Management
New York
$210K -$1.25M -26,226 -85%
OIA
452
OneDigital Investment Advisors
Kansas
$210K +$26.5K +556 +14%
AIA
453
Armor Investment Advisors
North Carolina
$209K +$214K +4,490 New
NFSG
454
Newbridge Financial Services Group
Florida
$207K +$111K +2,325 +109%
ICM
455
Infini Capital Management
Hong Kong
$204K +$245K +5,155 New
IMF
456
Infini Master Fund
Hong Kong
$204K +$245K +5,155 New
CAG
457
Crestwood Advisors Group
Massachusetts
$200K – – –
CTFG
458
Capstone Triton Financial Group
Oklahoma
$198K +$202K +4,245 New
DAM
459
Draper Asset Management
New York
$196K +$200K +4,209 New
MCA
460
Mercer Capital Advisers
New Jersey
$179K +$183K +3,835 New
PAM
461
Panagora Asset Management
Massachusetts
$175K +$179K +3,749 New
HWM
462
HighMark Wealth Management
Minnesota
$149K +$25.9K +545 +20%
JCM
463
Jacobi Capital Management
Pennsylvania
$149K +$115K +2,417 +313%
CB
464
CNB Bank
Pennsylvania
$148K +$8.86K +186 +6%
RCA
465
Ranch Capital Advisors
Florida
$141K +$33.3K +700 +30%
WAM
466
Wolverine Asset Management
Illinois
$140K -$87.7K -1,842 -38%
AAM
467
Advisors Asset Management
Colorado
$134K -$52K -1,093 -27%
NFG
468
Next Financial Group
Texas
$134K +$84.8K +1,780 +161%
FDCDDQ
469
Federation des caisses Desjardins du Quebec
Quebec, Canada
$127K +$113K +2,381 +680%
First Manhattan
470
First Manhattan
New York
$123K +$119K +2,500 +1,667%
GIBU
471
Gulf International Bank (UK)
United Kingdom
$123K +$126K +2,656 New
AWA
472
Arkadios Wealth Advisors
Georgia
$110K +$1.29K +27 +1%
BFEC
473
Benjamin F. Edwards & Company
Missouri
$110K +$103K +2,166 +1,083%
KTC
474
Kistler-Tiffany Companies
Pennsylvania
$109K +$23.8K +500 +27%
PFGIA
475
Patriot Financial Group Insurance Agency
Massachusetts
$105K +$80.2K +1,685 +295%
17 18
19
20 21

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.