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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
HAG
476
HighPoint Advisor Group
Illinois
$401K -$17.8K -402 -4%
TWP
477
Tempus Wealth Planning
California
$400K +$475K +10,708 New
MCM
478
MAI Capital Management
Ohio
$398K +$4.43K +100 +0.9%
GAMC
479
Garner Asset Management Corp
Texas
$397K -$8.87K -200 -2%
WAG
480
Winthrop Advisory Group
Massachusetts
$397K -$1.77K -40 -0.4%
BCI
481
Brinker Capital Investments
Pennsylvania
$397K +$14.2K +321 +3%
IIC
482
Integrated Investment Consultants
Michigan
$396K – – –
Franklin Resources
483
Franklin Resources
California
$396K -$201M -4,541,385 -100%
QFW
484
QTR Family Wealth
Florida
$395K +$118K +2,667 +34%
CF
485
Centaurus Financial
California
$393K +$18.2K +410 +4%
Allianz Asset Management
486
Allianz Asset Management
Germany
$386K -$25.9K -584 -5%
NWAG
487
Net Worth Advisory Group
Utah
$376K -$55.3K -1,247 -11%
WAM
488
Weiss Asset Management
Massachusetts
$375K +$444K +10,020 New
BBHC
489
Brown Brothers Harriman & Co
New York
$375K +$159K +3,586 +56%
BCWM
490
Bartlett & Co Wealth Management
Ohio
$374K – – –
II
491
Ibex Investors
Colorado
$374K +$443K +10,000 New
GRP
492
Global Retirement Partners
California
$373K -$16.9K -381 -4%
YMRC
493
Yorktown Management & Research Company
Virginia
$373K – – –
BCV
494
Banque Cantonale Vaudoise
Switzerland
$372K +$440K +9,925 New
LAS
495
LWM Advisory Services
Florida
$372K – – –
Thrivent Financial for Lutherans
496
Thrivent Financial for Lutherans
Minnesota
$371K -$1.02K -23 -0.2%
SF
497
Synovus Financial
Georgia
$371K – – –
AMCA
498
Arthur M. Cohen & Associates
Illinois
$368K -$84.2K -1,900 -16%
1M
499
1248 Management
Missouri
$367K -$177K -3,983 -29%
CAMG
500
CWA Asset Management Group
Florida
$366K +$32.5K +732 +8%
18 19
20
21 22

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.