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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
HCM
451
Hilton Capital Management
New York
$296K +$325K +6,140 New
KA
452
Kovack Advisors
Florida
$293K -$65.1K -1,228 -17%
IWN
453
Independent Wealth Network
Iowa
$292K +$330K +6,231 New
AIG
454
American International Group
New York
$287K -$24.1K -455 -7%
AWA
455
Arkadios Wealth Advisors
Georgia
$284K -$259K -4,880 -45%
GAG
456
GM Advisory Group
New York
$284K +$3.18K +60 +1%
AFP
457
Ausdal Financial Partners
Iowa
$282K +$19.3K +365 +7%
MP
458
McDonald Partners
Ohio
$281K +$37.4K +706 +14%
Twin Tree Management
459
Twin Tree Management
Texas
$279K -$14.1M -265,537 -98%
NIM
460
Northeast Investment Management
Massachusetts
$279K +$307K +5,800 New
AF
461
Advisornet Financial
Minnesota
$278K -$4.56K -86 -1%
TW
462
TrinityPoint Wealth
Connecticut
$277K -$446K -8,405 -59%
TVAMP
463
Tennessee Valley Asset Management Partners
Tennessee
$276K +$303K +5,722 New
CFS
464
CRA Financial Services
New Jersey
$271K +$6.63K +125 +2%
OBWG
465
Onyx Bridge Wealth Group
New York
$266K +$4.93K +93 +2%
FWP
466
FAS Wealth Partners
Kansas
$263K +$583 +11 +0.2%
JCM
467
Jacobi Capital Management
Pennsylvania
$260K -$154K -2,908 -35%
BAM
468
Beaumont Asset Management
Texas
$260K +$287K +5,418 New
RIA
469
Regal Investment Advisors
Michigan
$256K +$282K +5,325 New
CW
470
CreativeOne Wealth
Kansas
$255K -$14.7K -277 -5%
IC
471
Intersect Capital
California
$252K – – –
NFSG
472
Newbridge Financial Services Group
Florida
$251K +$55.7K +1,050 +25%
MYIA
473
Mount Yale Investment Advisors
Colorado
$250K +$60.5K +1,142 +28%
Belvedere Trading
474
Belvedere Trading
Illinois
$248K +$270K +5,097 New
WAS
475
WESPAC Advisors SoCal
California
$247K -$24.6K -465 -8%
17 18
19
20 21

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.