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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
VFA
501
Valeo Financial Advisors
Indiana
$365K -$11.1K -250 -2%
RCM
502
Requisite Capital Management
Texas
$365K +$433K +9,758 New
RIL
503
Rothschild Investment LLC
Illinois
$365K +$378K +8,517 +690%
JF
504
Jump Financial
Illinois
$361K +$107K +2,420 +33%
FFM
505
Forum Financial Management
Illinois
$361K +$77.7K +1,752 +22%
APWM
506
Argonautica Private Wealth Management
Massachusetts
$360K – – –
IGAM
507
iA Global Asset Management
Quebec, Canada
$360K +$426K +9,616 New
FWP
508
FAS Wealth Partners
Kansas
$358K -$20.4K -460 -5%
Lido Advisors
509
Lido Advisors
California
$357K -$2.62K -59 -0.6%
O
510
Ossiam
France
$355K -$25.7K -580 -6%
PTC
511
Philadelphia Trust Company
Pennsylvania
$352K -$312K -7,035 -43%
National Pension Service
512
National Pension Service
South Korea
$352K +$417K +9,403 New
TA
513
TFB Advisors
Kansas
$350K -$382K -8,623 -46%
SCTC
514
Sanibel Captiva Trust Company
Florida
$349K +$43K +969 +12%
SCM
515
SCS Capital Management
Massachusetts
$348K – – –
SPC
516
Sigma Planning Corp
Michigan
$343K -$42.5K -959 -9%
AIM
517
Anchor Investment Management
South Carolina
$342K – – –
LWM
518
Lyell Wealth Management
California
$342K – – –
JPWM
519
Jamison Private Wealth Management
Georgia
$340K -$157K -3,548 -28%
SCA
520
Snowden Capital Advisors
New York
$338K -$842 -19 -0.2%
STA
521
Smith Thornton Advisors
Alabama
$338K -$79.1K -1,783 -16%
Mirae Asset Global Investments
522
Mirae Asset Global Investments
South Korea
$337K -$779K -17,576 -66%
SWM
523
Silverlake Wealth Management
Vermont
$337K +$112K +2,529 +39%
National Bank of Canada
524
National Bank of Canada
Quebec, Canada
$335K +$77.9K +1,757 +24%
ACG
525
Allen Capital Group
Nebraska
$334K +$44 +1 +0%
19 20
21
22 23

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.