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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
BCM
726
Boreal Capital Management
Florida
$9.35K – – –
LIA
727
Luken Investment Analytics
Tennessee
$9.35K – – –
TC
728
Tacita Capital
Ontario, Canada
$8.56K +$10.2K +229 New
SIC
729
Salem Investment Counselors
North Carolina
$8.41K – – –
CMBA
730
C.M. Bidwell & Associates
Hawaii
$7.93K – – –
BL
731
BFSG LLC
California
$7.48K – – –
TCM
732
Tradewinds Capital Management
Washington
$7.48K – – –
CWA
733
Carolina Wealth Advisors
South Carolina
$7.48K +$8.87K +200 New
IW
734
Imprint Wealth
South Carolina
$7.48K +$8.87K +200 New
CB
735
Community Bank
New York
$7.48K – – –
CWM
736
Copia Wealth Management
Oregon
$7.29K +$4.12K +93 +91%
HWM
737
Hemington Wealth Management
Virginia
$7K +$1.33K +30 +17%
JWM
738
JPL Wealth Management
Colorado
$6.92K +$8.2K +185 New
PWMG
739
Private Wealth Management Group
New Jersey
$6.51K – – –
PTC
740
Private Trust Company
Ohio
$6.32K – – –
AA
741
Ancora Advisors
Ohio
$6.17K -$1.55K -35 -18%
WTA
742
Washington Trust Advisors
Massachusetts
$6.17K – – –
VWWMG
743
Vermillion & White Wealth Management Group
Pennsylvania
$5.87K +$6.96K +157 New
FCAS
744
First Command Advisory Services
Texas
$5.76K +$2.48K +56 +57%
PWM
745
Proathlete Wealth Management
Florida
$5.61K – – –
TC
746
Truvestments Capital
Florida
$5.35K +$6.34K +143 New
GK
747
Graney & King
New York
$5.09K – – –
FMB
748
Field & Main Bank
Kentucky
$5.05K +$5.99K +135 New
LWMI
749
Legacy Wealth Management (Idaho)
Idaho
$4.86K – – –
BTI
750
Blue Trust Inc
Georgia
$4.75K – – –
28 29
30
31 32

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.