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DraftKings
DKNG

836 hedge funds and large institutions have $15.2B invested in DraftKings in 2025 Q3 according to their latest regulatory filings, with 124 funds opening new positions, 299 increasing their positions, 247 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 299 | Existing positions reduced: 247

7% more call options, than puts

Call options by funds: $1.26B | Put options by funds: $1.18B

2% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 122

2% less funds holding

Funds holding: 849 → 836 (-13)

2.16% less ownership

Funds ownership: 84.25% → 82.09% (-2.2%)

15% less capital invested

Capital invested by funds: $17.9B → $15.2B (-$2.69B)

47% less funds holding in top 10

Funds holding in top 10: 15 → 8 (-7)

Holders
836
Holders Change
-13
Holders Change %
-1.53%
% of All Funds
10.97%
Holding in Top 10
8
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-46.67%
% of All Funds
0.11%
New
124
Increased
299
Reduced
247
Closed
122
Calls
$1.26B
Puts
$1.18B
Net Calls
+$86.6M
Net Calls Change
-$316M

Top Buyers

1
Viking Global Investors
Viking Global Investors
Connecticut
+$665M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$201M
3
Squarepoint
Squarepoint
New York
+$95.7M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$86M
5
Jane Street
Jane Street
New York
+$74.4M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$310M
2
WRCM
Whale Rock Capital Management
Massachusetts
-$229M
3
Franklin Resources
Franklin Resources
California
-$201M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$169M
5
SC
Samlyn Capital
New York
-$117M
Name Holding Trade Value Shares
Change 		Change in
Stake
CPIG
451
Chicago Partners Investment Group
Illinois
$514K +$497K +11,215 +212%
JTWM
452
Jackson Thornton Wealth Management
Alabama
$512K +$414K +9,328 +163%
Credit Agricole
453
Credit Agricole
France
$505K +$599K +13,500 New
SW
454
SteelPeak Wealth
California
$497K +$219K +4,935 +59%
SCP
455
Sender Company & Partners
New York
$492K +$583K +13,159 New
MFG
456
Midwest Financial Group
Kansas
$477K +$22.2K +500 +4%
GCM
457
Graham Capital Management
Connecticut
$475K -$102K -2,300 -15%
KRSITF
458
Kentucky Retirement Systems Insurance Trust Fund
Kentucky
$473K +$14.9K +335 +3%
MIC
459
Means Investment Company
Maine
$470K – – –
FFWM
460
Future Financial Wealth Management
Ohio
$463K – – –
WWC
461
Waypoint Wealth Counsel
Georgia
$462K +$203K +4,582 +59%
PFS
462
Prospera Financial Services
Texas
$458K -$465K -10,477 -46%
WA
463
Waddell & Associates
Tennessee
$456K +$160K +3,619 +42%
VFG
464
Victory Financial Group
Texas
$450K +$522K +11,782 New
LAM
465
LECAP Asset Management
United Kingdom
$442K -$140K -3,166 -21%
TI
466
Tidal Investments
Wisconsin
$440K -$218K -4,913 -29%
AF
467
Allworth Financial
California
$438K +$125K +2,829 +32%
TCA
468
Transcend Capital Advisors
New Jersey
$437K +$159K +3,582 +44%
RCA
469
Riverview Capital Advisers
Massachusetts
$436K +$56.2K +1,268 +12%
EF
470
Empowered Funds
Pennsylvania
$423K +$12.5K +281 +3%
IAIM
471
International Assets Investment Management
Florida
$420K – – –
PWM
472
Perigon Wealth Management
California
$410K +$486K +10,958 New
Pacer Advisors
473
Pacer Advisors
Pennsylvania
$408K +$216K +4,880 +81%
FDP
474
Financiere des Professionnels
Quebec, Canada
$407K +$483K +10,889 New
SA
475
SRH Advisors
Kansas
$407K +$144K +3,242 +42%
17 18
19
20 21

DKNG Hedge Fund Activity: Q3 2025 in Review

836 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2025, worth a combined $15.2B — down 15% from $17.9B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new DKNG positions and 122 closed out — a net gain of 2 holders — while 299 added to existing stakes and 247 trimmed.

The largest buyer was Viking Global Investors, opening a new position worth an estimated $665M. The largest seller was Citadel Advisors, cutting an estimated $310M.

  • 836 institutional investors held DraftKings (DKNG) as of Q3 2025, down from 849 in Q2 2025.
  • Funds reported $15.2B of DraftKings stock for Q3 2025, down 15% quarter-over-quarter.
  • 124 funds opened new DraftKings positions in Q3 2025 and 122 closed out, a net change of +2 holders.
  • The largest DraftKings buyer in Q3 2025 was Viking Global Investors, an estimated $665M added.
  • The largest DraftKings seller in Q3 2025 was Citadel Advisors, an estimated $310M sold.

Based on aggregated 13F filings for Q3 2025.