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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
SAI
576
Savvy Advisors Inc
New York
$248K +$294K +6,635 New
UB
577
UMB Bank
Missouri
$248K -$14.2K -320 -5%
PP
578
Patten & Patten
Tennessee
$245K – – –
BWG
579
Balanced Wealth Group
Ohio
$244K – – –
ACS
580
Archford Capital Strategies
Illinois
$243K +$266 +6 +0.1%
MSR
581
Main Street Research
Connecticut
$243K – – –
AAF
582
Andra AP-fonden
Sweden
$243K -$1.8M -40,503 -86%
KRW
583
Kaufman Rossin Wealth
Florida
$241K +$286K +6,456 New
MWM
584
Moran Wealth Management
Florida
$237K +$281K +6,334 New
FA
585
Fortis Advisors
Pennsylvania
$235K – – –
CCM
586
Coldstream Capital Management
Washington
$232K +$43.2K +974 +19%
YCM
587
Yousif Capital Management
Michigan
$230K +$10.9K +245 +4%
GS
588
GTS Securities
New York
$229K +$271K +6,116 New
FFA
589
Fi3 Financial Advisors
Indiana
$229K +$25.7K +580 +10%
SL
590
Sentinus LLC
Illinois
$229K +$271K +6,113 New
SFI
591
Siemens Fonds Invest
Germany
$228K -$1.29K -29 -0.5%
DWG
592
Darden Wealth Group
Michigan
$227K +$53.2K +1,200 +25%
QL
593
Quarry LP
New York
$226K +$101K +2,281 +61%
TVAMP
594
Tennessee Valley Asset Management Partners
Tennessee
$221K +$262K +5,901 New
XT
595
XTX Topco
Cayman Islands
$218K -$8.25K -186 -3%
KeyBank National Association
596
KeyBank National Association
Ohio
$215K +$255K +5,762 New
DAS
597
Diversify Advisory Services
Utah
$214K +$310K +7,002 New
WE
598
Wealth Effects
Massachusetts
$213K +$253K +5,700 New
KCFA
599
Key Client Fiduciary Advisors
New Jersey
$212K +$1.64K +37 +0.7%
CFO
600
Callan Family Office
Pennsylvania
$209K -$12.5K -281 -5%
22 23
24
25 26

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.