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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
GAM
751
GVO Asset Management
Switzerland
– -$95K -1,818 Closed
CLOS
752
Compagnie Lombard Odier SCmA
Switzerland
– -$52K -1,000 Closed
WFA
753
Wells Financial Advisors
Massachusetts
– -$52K -1,000 Closed
SAM
754
Shell Asset Management
Netherlands
– -$46K -877 Closed
CFO
755
CVA Family Office
Colorado
– -$21K -400 Closed
PWP
756
Personal Wealth Partners
Minnesota
– -$13K -242 Closed
CWA
757
Clearview Wealth Advisors
Oregon
– -$10K -200 Closed
CCM
758
Cribstone Capital Management
Maine
– -$10K -200 Closed
SB
759
Strategic Blueprint
Georgia
– -$9K -172 Closed
AIC
760
Archer Investment Corporation
Indiana
– -$6.94K -133 Closed
TCWA
761
Ten Capital Wealth Advisors
Washington
– -$6K -114 Closed
EWM
762
Evermay Wealth Management
Virginia
– -$5K -100 Closed
LWA
763
Lenox Wealth Advisors
New York
– -$5K -100 Closed
PA
764
Perennial Advisors
New York
– -$5K -90 Closed
PGWM
765
Parisi Gray Wealth Management
New Jersey
– -$4K -68 Closed
RDWM
766
Red Door Wealth Management
Tennessee
– -$1K -28 Closed
FEG
767
Financial Enhancement Group
Indiana
– -$1K -15 Closed
AFG
768
Albion Financial Group
Utah
– -$1K -13 Closed
RMC
769
Resources Management Corp
Connecticut
– +$53 +1 New
SPWG
770
Sage Private Wealth Group
Illinois
– +$53 +1 New
TWA
771
TCI Wealth Advisors
Arizona
– +$106 +2 New
VCM
772
Versant Capital Management
Arizona
– +$212 +4 New
LS
773
Leelyn Smith
Illinois
– +$265 +5 New
SC
774
Sawyer & Company
Massachusetts
– +$371 +7 New
DWA
775
Delos Wealth Advisors
Texas
– +$530 +10 New
28 29 30
31
32

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.