DraftKings
DKNG
815 hedge funds and large institutions have $13.8B invested in DraftKings in 2025 Q1 according to their latest regulatory filings, with 133 funds opening new positions, 317 increasing their positions, 230 reducing their positions, and 110 closing their positions.
67% more call options, than puts
Call options by funds: $1.29B | Put options by funds: $771M
38% more repeat investments, than reductions
Existing positions increased: 317 | Existing positions reduced: 230
21% more first-time investments, than exits
New positions opened: 133 | Existing positions closed: 110
7% more funds holding in top 10
Funds holding in top 10: 14 → 15 (+1)
1.81% more ownership
Funds ownership: 81.34% → 83.15% (+1.8%)
1% more funds holding
Funds holding: 807 → 815 (+8)
6% less capital invested
Capital invested by funds: $14.8B → $13.8B (-$917M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$342M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
+$232M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$184M |
| 4 |
EC
Eminence Capital
New York
|
+$141M |
| 5 |
AM
AGF Management
Toronto,
Ontario, Canada
|
+$103M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCAM
Jericho Capital Asset Management
New York
|
-$195M |
| 2 |
Holocene Advisors
New York
|
-$160M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$153M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$132M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$120M |
DKNG Hedge Fund Activity: Q1 2025 in Review
815 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q1 2025, worth a combined $13.8B — down 6.2% from $14.8B a quarter earlier.
Buyers outnumbered sellers: 133 funds opened new DKNG positions and 110 closed out — a net gain of 23 holders — while 317 added to existing stakes and 230 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $342M. The largest seller was Jericho Capital Asset Management, exiting entirely with an estimated $195M sold.
- 815 institutional investors held DraftKings (DKNG) as of Q1 2025, up from 807 in Q4 2024.
- Funds reported $13.8B of DraftKings stock for Q1 2025, down 6.2% quarter-over-quarter.
- 133 funds opened new DraftKings positions in Q1 2025 and 110 closed out, a net change of +23 holders.
- The largest DraftKings buyer in Q1 2025 was Fidelity Investments, an estimated $342M added.
- The largest DraftKings seller in Q1 2025 was Jericho Capital Asset Management, an estimated $195M sold.
Based on aggregated 13F filings for Q1 2025.