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DraftKings

DKNG

Market cap $12.5B

70 hedge funds and large institutions have $309M invested in DraftKings in 2019 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New

Increased

Maintained

Reduced

Closed

2,250% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 2

180% more funds holding

Funds holding: 25 → 70 (+45)

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

103% more capital invested

Capital invested by funds: $152M → $309M (+$156M)

33.52% more ownership

Funds ownership: 38.5% → 72.02% (+34%)

30% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 10

Holders

Holders Change

+45

Holders Change %

+180%

% of All Funds

1.38%

Holding in Top 10

Holding in Top 10 Change

Holding in Top 10 Change %

+150%

% of All Funds

0.1%

New

Increased

Reduced

Closed

Calls

$2.21M

Puts

–

Net Calls

+$2.21M

Net Calls Change

+$2.09M

Top Buyers

1	SCA Southpoint Capital Advisors New York	+$15.2M
2	DKCM Davidson Kempner Capital Management New York	+$12.3M
3	IP Isomer Partners New York	+$10.1M
4	BCPEMI Bain Capital Public Equity Management II Boston, Massachusetts	+$8.92M
5	BGIM Boussard & Gavaudan Investment Management London, United Kingdom	+$8.13M

Top Sellers

1	GL Governors Lane New York	-$15M
2	MCM Moore Capital Management New York	-$7.59M
3	FIG Fortress Investment Group New York	-$7.48M
4	HSBC Holdings London, United Kingdom	-$5.13M
5	MIM Monashee Investment Management Boston, Massachusetts	-$1.97M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
26	SRCM 26 Sage Rock Capital Management New York	$4.82M	+$4.55M	+450,000	New
27	EIM 27 Essex Investment Management Boston, Massachusetts	$4.38M	+$4.14M	+409,025	New
28	WMSA 28 Weiss Multi-Strategy Advisers New York	$4M	+$3.79M	+374,300	New
29	OAC 29 OMERS Administration Corp Toronto, Ontario, Canada	$3.75M	+$3.54M	+350,001	New
30	BCM 30 BlueCrest Capital Management St Helier, Jersey	$3.58M	+$3.38M	+334,385	New
31	WAM 31 Wolverine Asset Management Chicago, Illinois	$3.27M	+$3.1M	+305,992	New
32	MAM 32 Myriad Asset Management North Point, Hong Kong	$3.21M	+$3.04M	+300,000	New
33	CAC 33 Cowen and Company New York	$2.85M	+$2.49M	+245,560	+1,164%
34	GCL 34 Glazer Capital LLC New York	$2.84M	+$2.69M	+265,667	New
35	MCM 35 Moore Capital Management New York	$2.67M	-$7.59M	-750,000	-75%
36	36 Alyeska Investment Group Chicago, Illinois	$2.67M	+$2.53M	+250,002	New
37	AGC 37 Angelo Gordon & Co New York	$2.41M	+$2.28M	+225,000	New
38	AGM 38 Alpine Global Management New York	$2.14M	+$2.02M	+200,000	New
39	MTCM 39 Mint Tower Capital Management Amsterdam, Netherlands	$2.14M	+$2.02M	+200,000	New
40	40 Walleye Trading New York	$1.86M	+$1.76M	+174,061	New
41	41 Geode Capital Management Boston, Massachusetts	$1.81M	-$1.39M	-137,299	-45%
42	1C 42 1060 Capital Denver, Colorado	$1.6M	+$1.52M	+150,000	New
43	43 Balyasny Asset Management Chicago, Illinois	$1.6M	+$1.52M	+150,000	New
44	PGM 44 Parian Global Management Pound Ridge, New York	$1.6M	+$1.52M	+150,000	New
45	45 Millennium Management New York	$1.23M	+$1.16M	+115,000	New
46	BCM 46 Basso Capital Management Stamford, Connecticut	$1.19M	-$895K	-88,398	-44%
47	TCM 47 Tenor Capital Management New York	$1.07M	–	–	–
48	48 Citigroup New York	$1.07M	+$1.01M	+100,000	New
49	DAM 49 Deltec Asset Management New York	$803K	-$253K	-25,000	-25%
50	PCM 50 Prelude Capital Management New York	$607K	+$574K	+56,691	New