DraftKings
DKNG
522 hedge funds and large institutions have $5.12B invested in DraftKings in 2023 Q1 according to their latest regulatory filings, with 93 funds opening new positions, 126 increasing their positions, 176 reducing their positions, and 54 closing their positions.
72% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 54
62% more capital invested
Capital invested by funds: $3.16B → $5.12B (+$1.96B)
17% more funds holding in top 10
Funds holding in top 10: 12 → 14 (+2)
6% more funds holding
Funds holding: 492 → 522 (+30)
1.14% more ownership
Funds ownership: 57.51% → 58.65% (+1.1%)
16% less call options, than puts
Call options by funds: $388M | Put options by funds: $459M
28% less repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 176
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$87.9M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$67.9M |
| 3 |
D.E. Shaw & Co
New York
|
+$51M |
| 4 |
JCAM
Jericho Capital Asset Management
New York
|
+$50.8M |
| 5 |
Two Sigma Advisers
New York
|
+$37.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Samlyn Capital
New York
|
-$52.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$49.7M |
| 3 |
RC
Raine Capital
New York
|
-$46.6M |
| 4 |
TAA
Turiya Advisors Asia
Hong Kong
|
-$43.5M |
| 5 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$36.2M |
DKNG Hedge Fund Activity: Q1 2023 in Review
522 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q1 2023, worth a combined $5.12B — up 62% from $3.16B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new DKNG positions and 54 closed out — a net gain of 39 holders — while 126 added to existing stakes and 176 trimmed.
The largest buyer was Two Sigma Investments, opening a new position worth an estimated $87.9M. The largest seller was Samlyn Capital, exiting entirely with an estimated $52.2M sold.
- 522 institutional investors held DraftKings (DKNG) as of Q1 2023, up from 492 in Q4 2022.
- Funds reported $5.12B of DraftKings stock for Q1 2023, up 62% quarter-over-quarter.
- 93 funds opened new DraftKings positions in Q1 2023 and 54 closed out, a net change of +39 holders.
- The largest DraftKings buyer in Q1 2023 was Two Sigma Investments, an estimated $87.9M added.
- The largest DraftKings seller in Q1 2023 was Samlyn Capital, an estimated $52.2M sold.
Based on aggregated 13F filings for Q1 2023.