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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
IA
501
Insight Advisors
Pennsylvania
$208K -$214K -4,040 -46%
YIH
502
Y-Intercept (HK)
Hong Kong
$208K +$229K +4,317 New
AWM
503
Apollon Wealth Management
South Carolina
$206K -$544K -10,262 -71%
WANY
504
Wealthspire Advisors (New York)
New York
$204K -$46.8K -882 -17%
HB
505
Homrich & Berg
Georgia
$204K – – –
PA
506
Profund Advisors
Maryland
$203K -$54.4K -1,027 -20%
KFP
507
KMG Fiduciary Partners
Ohio
$203K +$223K +4,215 New
EVM
508
Eaton Vance Management
Massachusetts
$200K +$45.3K +855 +24%
PVH
509
Psagot Value Holdings
Israel
$192K +$15.9K +300 +8%
CWAF
510
Core Wealth Advisors (Florida)
Florida
$191K +$71.4K +1,347 +52%
CB
511
CNB Bank
Pennsylvania
$183K +$43.1K +814 +27%
AI
512
AdvisorShares Investments
Maryland
$181K -$186K -3,504 -48%
First Manhattan
513
First Manhattan
New York
$167K +$1.64K +31 +0.9%
FHA
514
First Horizon Advisors
Tennessee
$160K +$39.3K +741 +28%
CHC
515
City Holding Co
West Virginia
$155K +$42.4K +800 +33%
S
516
SignatureFD
Georgia
$155K +$60.3K +1,138 +55%
AWM
517
Atticus Wealth Management
Florida
$155K +$98.1K +1,851 +135%
KTC
518
Kistler-Tiffany Companies
Pennsylvania
$152K +$8.48K +160 +5%
CFD
519
Creative Financial Designs
Indiana
$145K +$49K +925 +44%
Nomura Holdings
520
Nomura Holdings
Japan
$144K -$946K -17,855 -86%
HA
521
Herold Advisors
New York
$142K +$156K +2,950 New
MCA
522
Mercer Capital Advisers
New Jersey
$140K -$45.1K -850 -23%
GIBU
523
Gulf International Bank (UK)
United Kingdom
$137K +$36.7K +693 +32%
FDCDDQ
524
Federation des caisses Desjardins du Quebec
Quebec, Canada
$133K -$232K -4,370 -61%
GWMIA
525
Global Wealth Management Investment Advisory
Florida
$132K +$16K +301 +12%
19 20
21
22 23

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.