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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
ACS
476
Archford Capital Strategies
Illinois
$246K – – –
MAFM
477
Mid Atlantic Financial Management
Pennsylvania
$244K -$101K -1,907 -27%
TAM
478
Tocqueville Asset Management
New York
$244K – – –
FDS
479
First Dallas Securities
Texas
$243K -$7.95K -150 -3%
ML
480
McAdam LLC
Pennsylvania
$243K +$530 +10 +0.2%
Mirae Asset Global Investments
481
Mirae Asset Global Investments
South Korea
$243K +$267K +5,044 New
PWM
482
Perigon Wealth Management
California
$242K -$89.9K -1,695 -25%
FSA
483
Franklin Street Advisors
North Carolina
$241K – – –
OLA
484
Oliver Luxxe Assets
New Jersey
$241K – – –
OPWM
485
Oxinas Partners Wealth Management
Indiana
$237K +$12.5K +235 +5%
LOIM
486
Liberty One Investment Management
Illinois
$234K -$10.4K -197 -4%
YMRC
487
Yorktown Management & Research Company
Virginia
$234K +$258K +4,860 New
DAM
488
Derbend Asset Management
Georgia
$233K +$15.1K +285 +6%
OPS
489
Orion Portfolio Solutions
Nebraska
$231K -$50.8K -958 -17%
RJT
490
Raymond James Trust
Florida
$231K +$254K +4,797 New
OIA
491
OneDigital Investment Advisors
Kansas
$229K -$53K -1,000 -17%
VI
492
Vestcor Inc
New Brunswick, Canada
$228K +$94.7K +1,786 +60%
BS
493
Boenning & Scattergood
Pennsylvania
$226K -$18.6K -350 -7%
EAM
494
Exos Asset Management
New York
$225K -$106K -1,998 -30%
DFCM
495
Dark Forest Capital Management
Puerto Rico
$223K +$245K +4,622 New
GC
496
GFG Capital
Florida
$220K – – –
MA
497
Modus Advisors
Minnesota
$220K +$30.2K +570 +14%
SWA
498
Stratos Wealth Advisors
Ohio
$219K -$43.2K -815 -15%
Los Angeles Capital Management
499
Los Angeles Capital Management
California
$212K +$234K +4,411 New
WAM
500
World Asset Management
Michigan
$209K -$25.2K -475 -10%
18 19
20
21 22

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.