We are live on ! Find out more
DKNG icon

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
HPC
601
HM Payson & Co
Maine
$83.3K -$19.8K -500 -18%
Pacer Advisors
602
Pacer Advisors
Pennsylvania
$77K +$6.27K +158 +8%
FHA
603
First Horizon Advisors
Tennessee
$76.3K -$43.1K -1,085 -35%
SSB
604
Sandy Spring Bank
Maryland
$76K +$37.7K +951 +87%
GSWM
605
Golden State Wealth Management
California
$73.1K +$77.9K +1,964 New
FG
606
Fairman Group
Pennsylvania
$70.7K – – –
WWM
607
Wolff Wiese Magana
California
$69.5K -$15.7K -395 -17%
CI Investments Inc
608
CI Investments Inc
Ontario, Canada
$69K +$1.67K +42 +2%
HI
609
Harbour Investments
Wisconsin
$68.7K -$3.21K -81 -4%
WA
610
WPG Advisers
Maryland
$68K +$72.6K +1,829 New
NFSG
611
Newbridge Financial Services Group
Florida
$64.2K -$238K -6,000 -78%
CHC
612
City Holding Co
West Virginia
$64K – – –
BC
613
Barrett & Company
Rhode Island
$62.3K – – –
SAM
614
Smartleaf Asset Management
Massachusetts
$62.3K +$17.7K +445 +36%
HCP
615
Hexagon Capital Partners
Arkansas
$62.1K +$1.35K +34 +2%
HWM
616
HighMark Wealth Management
Minnesota
$61K -$22.2K -560 -25%
HWA
617
HHM Wealth Advisors
Tennessee
$59.4K +$3.89K +98 +7%
TFA
618
Toth Financial Advisory
Virginia
$57.7K +$61.6K +1,552 New
RA
619
Rise Advisors
New York
$55.7K -$43.1K -1,086 -42%
AA
620
Ancora Advisors
Ohio
$53.9K -$43.6K -1,100 -43%
RDFA
621
Ritter Daniher Financial Advisory
Ohio
$51K – – –
PA
622
PSI Advisors
Florida
$50.2K -$7.94K -200 -13%
AWM
623
Activest Wealth Management
Florida
$49.2K +$79 +2 +0.2%
YP
624
YANKCOM Partnership
South Dakota
$48K +$51.2K +1,291 New
PPA
625
Pilgrim Partners Asia
Singapore
$47.6K +$50.8K +1,280 New
23 24
25
26 27

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.