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DraftKings
DKNG

70 hedge funds and large institutions have $309M invested in DraftKings in 2019 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,250% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 2

180% more funds holding

Funds holding: 25 → 70 (+45)

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

103% more capital invested

Capital invested by funds: $152M → $309M (+$156M)

33.52% more ownership

Funds ownership: 38.5% → 72.02% (+34%)

30% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 10

Holders
70
Holders Change
+45
Holders Change %
+180%
% of All Funds
1.38%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.1%
New
47
Increased
7
Reduced
10
Closed
2
Calls
$2.21M
Puts
–
Net Calls
+$2.21M
Net Calls Change
+$2.09M

Top Buyers

1
SCA
Southpoint Capital Advisors
New York
+$15.2M
2
DKCM
Davidson Kempner Capital Management
New York
+$12.3M
3
IP
Isomer Partners
New York
+$10.1M
4
BCPEMI
Bain Capital Public Equity Management II
Massachusetts
+$8.92M
5
BGIM
Boussard & Gavaudan Investment Management
United Kingdom
+$8.13M

Top Sellers

1
GL
Governors Lane
New York
-$15M
2
MCM
Moore Capital Management
New York
-$7.59M
3
FIG
Fortress Investment Group
New York
-$7.48M
4
HSBC Holdings
HSBC Holdings
United Kingdom
-$5.13M
5
MIM
Monashee Investment Management
Massachusetts
-$1.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
1CM
51
1492 Capital Management
Wisconsin
$578K +$546K +53,986 New
Verition Fund Management
52
Verition Fund Management
Connecticut
$535K -$1.51M -149,001 -75%
Carson Wealth (CWM LLC)
53
Carson Wealth (CWM LLC)
Nebraska
$454K – – –
WRBC
54
W.R. Berkley Corp
Connecticut
$454K +$430K +42,465 New
Stifel Financial
55
Stifel Financial
Missouri
$435K +$411K +40,657 New
UBS Group
56
UBS Group
Switzerland
$349K +$330K +32,650 New
Morgan Stanley
57
Morgan Stanley
New York
$308K +$286K +28,266 +5,066%
CL
58
CSS LLC
Illinois
$291K +$275K +27,150 New
Goldman Sachs
59
Goldman Sachs
New York
$268K +$253K +25,000 New
PMAM
60
Picton Mahoney Asset Management
Ontario, Canada
$186K +$160K +15,800 New
RJA
61
Raymond James & Associates
Florida
$161K +$152K +15,050 New
Arrowstreet Capital
62
Arrowstreet Capital
Massachusetts
$141K +$134K +13,200 New
FAAS
63
First Allied Advisory Services
California
$126K +$120K +11,900 New
DC
64
Davenport & Co
Virginia
$112K +$106K +10,500 New
FIA
65
FNY Investment Advisers
New York
$75K +$71.9K +7,100 New
PA
66
Parallel Advisors
California
$11K +$10.1K +1,000 New
LTFS
67
Ladenburg Thalmann Financial Services
Florida
$10K +$9.28K +917 New
TI
68
tru Independence
Oregon
$8K +$6.58K +650 New
Wells Fargo
69
Wells Fargo
California
$5K +$5.06K +500 New
KPW
70
Kore Private Wealth
New York
$2K +$2.02K +200 New
MIM
71
Monashee Investment Management
Massachusetts
– -$1.97M -199,998 Closed
MP
72
Mangrove Partners
Connecticut
– -$985K -100,000 Closed
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