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DraftKings
DKNG

713 hedge funds and large institutions have $12.5B invested in DraftKings in 2021 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 294 increasing their positions, 198 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 69

48% more repeat investments, than reductions

Existing positions increased: 294 | Existing positions reduced: 198

14% more funds holding in top 10

Funds holding in top 10: 14 → 16 (+2)

4% more funds holding

Funds holding: 684 → 713 (+29)

1.01% more ownership

Funds ownership: 63.07% → 64.08% (+1%)

2% more call options, than puts

Call options by funds: $1.65B | Put options by funds: $1.62B

2% less capital invested

Capital invested by funds: $12.7B → $12.5B (-$229M)

Holders
713
Holders Change
+29
Holders Change %
+4.24%
% of All Funds
12.48%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.28%
New
109
Increased
294
Reduced
198
Closed
69
Calls
$1.65B
Puts
$1.62B
Net Calls
+$29.6M
Net Calls Change
+$415K

Top Buyers

1
AIM
ARK Investment Management
Florida
+$207M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$184M
3
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$159M
4
NAMA
Nikko Asset Management Americas
New York
+$140M
5
Two Sigma Investments
Two Sigma Investments
New York
+$103M

Top Sellers

1
AIM
Achmea Investment Management
Netherlands
-$530M
2
RC
Raine Capital
New York
-$294M
3
JP Morgan Chase
JP Morgan Chase
New York
-$82.3M
4
FCOI
FirstMark Capital OF II
New York
-$48.6M
5
FAM
Fred Alger Management
New York
-$41.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
SOMRS
701
State of Michigan Retirement System
Michigan
– -$14.1M -270,000 Closed
PI
702
PEAK6 Investments
Illinois
– -$9.63M -181,600 Closed
WI
703
Wintrust Investments
Illinois
– -$5.97M -114,531 Closed
PMAM
704
Picton Mahoney Asset Management
Ontario, Canada
– -$5.59M -107,110 Closed
GC
705
Gratus Capital
Georgia
– -$5.53M -105,919 Closed
Balyasny Asset Management
706
Balyasny Asset Management
Illinois
– -$4.09M -77,084 Closed
HT
707
HAP Trading
New York
– -$3.91M -73,746 Closed
TC
708
TwinBeech Capital
New York
– -$3.61M -69,123 Closed
AQR Capital Management
709
AQR Capital Management
Connecticut
– -$3.29M -63,017 Closed
ARC
710
Advisor Resource Council
Texas
– -$2.78M -53,299 Closed
OAMG
711
Odey Asset Management Group
United Kingdom
– -$2.09M -40,000 Closed
LCH
712
Lee Capital Holdings
New York
– -$1.56M -30,000 Closed
BAMF
713
BI Asset Management Fondsmaeglerselskab
Denmark
– -$1.46M -28,065 Closed
PHK
714
Point72 Hong Kong
Hong Kong
– -$1.43M -27,383 Closed
AIM
715
Aigen Investment Management
New York
– -$1.24M -23,754 Closed
AI
716
Axiom Investors
Connecticut
– -$1.15M -21,970 Closed
BCP
717
Blackhawk Capital Partners
Wisconsin
– -$1.2M -19,619 Closed
MFS
718
Monetta Financial Services
Illinois
– -$913K -17,500 Closed
APW
719
Aurora Private Wealth
New Jersey
– -$789K -15,126 Closed
OQS
720
Occudo Quantitative Strategies
Florida
– -$644K -12,343 Closed
LFAS
721
Level Four Advisory Services
Texas
– -$644K -12,337 Closed
BAM
722
Blueshift Asset Management
New Jersey
– -$641K -12,294 Closed
XT
723
XTX Topco
Cayman Islands
– -$608K -11,658 Closed
CC
724
Chicago Capital
Illinois
– -$573K -10,974 Closed
MTIM
725
Marathon Trading Investment Management
Pennsylvania
– -$569K -10,900 Closed
27 28
29
30 31

DKNG Hedge Fund Activity: Q3 2021 in Review

713 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2021, worth a combined $12.5B — down 1.8% from $12.7B a quarter earlier.

Buyers outnumbered sellers: 109 funds opened new DKNG positions and 69 closed out — a net gain of 40 holders — while 294 added to existing stakes and 198 trimmed.

The largest buyer was ARK Investment Management, adding an estimated $207M. The largest seller was Achmea Investment Management, cutting an estimated $530M.

  • 713 institutional investors held DraftKings (DKNG) as of Q3 2021, up from 684 in Q2 2021.
  • Funds reported $12.5B of DraftKings stock for Q3 2021, down 1.8% quarter-over-quarter.
  • 109 funds opened new DraftKings positions in Q3 2021 and 69 closed out, a net change of +40 holders.
  • The largest DraftKings buyer in Q3 2021 was ARK Investment Management, an estimated $207M added.
  • The largest DraftKings seller in Q3 2021 was Achmea Investment Management, an estimated $530M sold.

Based on aggregated 13F filings for Q3 2021.