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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
Wealthfront Advisers
551
Wealthfront Advisers
California
$284K -$1.95K -44 -0.6%
NW
552
NewEdge Wealth
Pennsylvania
$283K -$69.9K -1,577 -13%
MLL
553
Moody Lynn & Lieberson
Massachusetts
$283K +$336K +7,572 New
TA
554
TrueWealth Advisors
Alabama
$283K -$31K -700 -8%
JGC
555
J. Goldman & Co
New York
$281K +$333K +7,517 New
DW30
556
Drucker Wealth 3.0
New Jersey
$281K +$443 +10 +0.1%
MWM
557
Meridian Wealth Management
Kentucky
$281K -$81.4K -1,836 -20%
UM
558
UniSuper Management
Australia
$281K – – –
MYIA
559
Mount Yale Investment Advisors
Colorado
$279K +$307K +6,913 +1,266%
MIC
560
Meridian Investment Counsel
California
$278K -$2.66K -60 -0.8%
SWA
561
SFMG Wealth Advisors
Texas
$277K – – –
SRL
562
Scientech Research LLC
New Jersey
$275K +$326K +7,360 New
CCIA
563
Cherry Creek Investment Advisors
Colorado
$274K +$324K +7,317 New
WFL
564
Wealth Forward LLC
North Dakota
$273K – – –
BIM
565
Bridges Investment Management
Nebraska
$273K -$709 -16 -0.2%
Group One Trading
566
Group One Trading
Illinois
$270K +$320K +7,211 New
ACM
567
Aster Capital Management
United Arab Emirates
$267K -$1.11M -25,124 -78%
CCMT
568
CMT Capital Markets Trading
Germany
$267K +$317K +7,146 New
IAS
569
Integrity Advisory Solutions
Texas
$266K +$316K +7,120 New
M1FG
570
Mach-1 Financial Group
Arkansas
$266K +$316K +7,120 New
BP
571
Ballentine Partners
Massachusetts
$266K +$9.31K +210 +3%
RWA
572
Redhawk Wealth Advisors
Minnesota
$266K – – –
SS
573
SBI Securities
Japan
$264K -$84K -1,894 -21%
AWM
574
Ariadne Wealth Management
California
$253K +$92.7K +2,091 +33%
CB
575
CNB Bank
Pennsylvania
$252K -$1.73K -39 -0.6%
21 22
23
24 25

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.