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DraftKings
DKNG

807 hedge funds and large institutions have $14.8B invested in DraftKings in 2024 Q4 according to their latest regulatory filings, with 138 funds opening new positions, 254 increasing their positions, 282 reducing their positions, and 88 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 88

43% more call options, than puts

Call options by funds: $1.25B | Put options by funds: $874M

4% more funds holding

Funds holding: 773 → 807 (+34)

4.01% more ownership

Funds ownership: 77.32% → 81.34% (+4%)

0% more capital invested

Capital invested by funds: $14.7B → $14.8B (+$31.3M)

10% less repeat investments, than reductions

Existing positions increased: 254 | Existing positions reduced: 282

13% less funds holding in top 10

Funds holding in top 10: 16 → 14 (-2)

Holders
807
Holders Change
+34
Holders Change %
+4.4%
% of All Funds
10.63%
Holding in Top 10
14
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-12.5%
% of All Funds
0.18%
New
138
Increased
254
Reduced
282
Closed
88
Calls
$1.25B
Puts
$874M
Net Calls
+$380M
Net Calls Change
-$51.6M

Top Buyers

1
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$371M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$284M
3
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$263M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
+$94.1M
5
Citadel Advisors
Citadel Advisors
Florida
+$87.2M

Top Sellers

1
FAM
Fred Alger Management
New York
-$113M
2
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$85.8M
3
Macquarie Group
Macquarie Group
Australia
-$85.2M
4
KCM
Kodai Capital Management
Illinois
-$84M
5
Millennium Management
Millennium Management
New York
-$78.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
HWM
551
HB Wealth Management
Georgia
$220K -$44K -1,109 -16%
BBHC
552
Brown Brothers Harriman & Co
New York
$218K – – –
YCM
553
Yousif Capital Management
Michigan
$213K +$3.85K +97 +2%
MPW
554
MGO Private Wealth
California
$212K -$3.97K -100 -2%
S
555
SignatureFD
Georgia
$209K +$516 +13 +0.2%
FHC
556
First Heartland Consultants
Missouri
$209K +$3.53K +89 +2%
Bessemer Group
557
Bessemer Group
New Jersey
$208K – – –
LSAG
558
Lake Street Advisors Group
New Hampshire
$205K -$8.21M -206,972 -97%
FHA
559
Flagship Harbor Advisors
Massachusetts
$204K -$13.8K -347 -6%
SEIA
560
Signature Estate & Investment Advisors
California
$203K -$36.7K -925 -15%
LA
561
Latitude Advisors
Florida
$202K -$11.9K -300 -5%
HFS
562
Hantz Financial Services
Michigan
$202K -$1.23K -31 -0.6%
IA
563
Intellus Advisors
Florida
$202K +$215K +5,430 New
AF
564
Advisornet Financial
Minnesota
$198K -$109K -2,747 -34%
JSC
565
J. Stern & Co
United Kingdom
$197K – – –
FGC
566
Financial Gravity Companies
Texas
$197K +$210K +5,302 New
HNB
567
Huntington National Bank
Ohio
$197K +$2.74K +69 +1%
GWM
568
Geneos Wealth Management
Colorado
$195K +$208K +5,241 New
UB
569
UMB Bank
Missouri
$181K – – –
CCA
570
Catalyst Capital Advisors
New York
$173K -$107K -2,700 -37%
SC
571
Steph & Co
Wisconsin
$166K +$51K +1,285 +40%
CA
572
Clearstead Advisors
Ohio
$154K -$202K -5,087 -55%
AF
573
Allworth Financial
California
$150K +$10.8K +271 +8%
Loomis, Sayles & Company
574
Loomis, Sayles & Company
Massachusetts
$149K – – –
LOIM
575
Liberty One Investment Management
Illinois
$149K +$4.92K +124 +3%
21 22
23
24 25

DKNG Hedge Fund Activity: Q4 2024 in Review

807 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2024, worth a combined $14.8B — up 0.21% from $14.7B a quarter earlier.

Buyers outnumbered sellers: 138 funds opened new DKNG positions and 88 closed out — a net gain of 50 holders — while 254 added to existing stakes and 282 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $371M. The largest seller was Fred Alger Management, cutting an estimated $113M.

  • 807 institutional investors held DraftKings (DKNG) as of Q4 2024, up from 773 in Q3 2024.
  • Funds reported $14.8B of DraftKings stock for Q4 2024, up 0.21% quarter-over-quarter.
  • 138 funds opened new DraftKings positions in Q4 2024 and 88 closed out, a net change of +50 holders.
  • The largest DraftKings buyer in Q4 2024 was Janus Henderson Group, an estimated $371M added.
  • The largest DraftKings seller in Q4 2024 was Fred Alger Management, an estimated $113M sold.

Based on aggregated 13F filings for Q4 2024.