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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
CP
476
Corbenic Partners
Pennsylvania
$102K +$103K +2,155 +5,388%
GWS
477
Glassman Wealth Services
Virginia
$98K +$78.6K +1,650 +367%
RWB
478
RMR Wealth Builders
New Jersey
$95K +$97.6K +2,050 New
SO
479
STRS Ohio
Ohio
$90K +$92.7K +1,947 New
S
480
SignatureFD
Georgia
$87K +$17.6K +370 +25%
TFGT
481
TS Financial Group (TSFG)
Illinois
$85K +$64K +1,345 +283%
TF
482
TimeScale Financial
Massachusetts
$84K +$57.2K +1,201 +201%
TFS
483
TrustCore Financial Services
Tennessee
$83K +$17.3K +363 +26%
MSFP
484
Mark Sheptoff Financial Planning
Connecticut
$81K +$83.3K +1,750 New
EWA
485
Evolution Wealth Advisors
Florida
$77K +$7.14K +150 +10%
CFGS
486
Concourse Financial Group Securities
Alabama
$77K +$52.4K +1,100 +200%
HI
487
Hudock Inc
Pennsylvania
$73K +$16.7K +350 +28%
LOIM
488
Liberty One Investment Management
Illinois
$72K +$73.6K +1,545 New
CLOS
489
Compagnie Lombard Odier SCmA
Switzerland
$70K +$47.6K +1,000 +200%
SWA
490
SOA Wealth Advisors
New York
$68K +$52.4K +1,100 New
HFA
491
Hoover Financial Advisors
Pennsylvania
$60K +$51.8K +1,088 New
WT
492
Washington Trust
Rhode Island
$59K -$25.1K -527 -29%
NC
493
NewSquare Capital
Pennsylvania
$52K +$15.5K +325 +41%
TWM
494
Tradition Wealth Management
Minnesota
$52K +$53.5K +1,123 New
CFA
495
Carroll Financial Associates
North Carolina
$50K – – –
MC
496
Maverick Capital
Texas
$49K +$49.9K +1,049 New
EWM
497
Edge Wealth Management
New York
$48K +$35.3K +741 +269%
AIM
498
Anchor Investment Management
South Carolina
$47.8K +$48.9K +1,026 New
PP
499
PrairieView Partners
Minnesota
$47K – – –
WFA
500
Wells Financial Advisors
Massachusetts
$47K +$47.6K +1,000 New
18 19
20
21 22

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.