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DraftKings
DKNG

806 hedge funds and large institutions have $13.5B invested in DraftKings in 2024 Q2 according to their latest regulatory filings, with 106 funds opening new positions, 322 increasing their positions, 240 reducing their positions, and 111 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more call options, than puts

Call options by funds: $1.36B | Put options by funds: $759M

34% more repeat investments, than reductions

Existing positions increased: 322 | Existing positions reduced: 240

0.28% more ownership

Funds ownership: 72.99% → 73.27% (+0.28%)

5% less first-time investments, than exits

New positions opened: 106 | Existing positions closed: 111

2% less funds holding

Funds holding: 824 → 806 (-18)

14% less capital invested

Capital invested by funds: $15.7B → $13.5B (-$2.14B)

19% less funds holding in top 10

Funds holding in top 10: 21 → 17 (-4)

Holders
806
Holders Change
-18
Holders Change %
-2.18%
% of All Funds
11.64%
Holding in Top 10
17
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-19.05%
% of All Funds
0.25%
New
106
Increased
322
Reduced
240
Closed
111
Calls
$1.36B
Puts
$759M
Net Calls
+$599M
Net Calls Change
+$595M

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$408M
2
BlackRock
BlackRock
New York
+$395M
3
Marshall Wace
Marshall Wace
United Kingdom
+$154M
4
Macquarie Group
Macquarie Group
Australia
+$110M
5
Ameriprise
Ameriprise
Minnesota
+$92.9M

Top Sellers

Rank Fund Capital Flow
1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$154M
2
Millennium Management
Millennium Management
New York
-$114M
3
AIM
ARK Investment Management
Florida
-$105M
4
Coatue Management
Coatue Management
New York
-$104M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$103M
Name Holding Trade Value Shares
Change 		Change in
Stake
VAG
751
VisionPoint Advisory Group
Texas
$3.09K – – –
AWM
752
Abound Wealth Management
Tennessee
$3.05K – – –
LIA
753
Lynx Investment Advisory
District of Columbia
$2.75K +$2.99K +72 New
VF
754
VitalStone Financial
Texas
$2.67K -$9.13K -220 -76%
S
755
Sachetta
Massachusetts
$2.65K +$498 +12 +19%
JWA
756
JFS Wealth Advisors
Pennsylvania
$2.6K – – –
PWMG
757
Prestige Wealth Management Group
New Jersey
$2.52K +$1.37K +33 +100%
AIA
758
Arcadia Investment Advisors
Idaho
$2.29K +$2.49K +60 New
IFAM
759
Institutional & Family Asset Management
Colorado
$2.29K – – –
PCWA
760
Pacific Capital Wealth Advisors
California
$2.21K +$2.41K +58 New
DF
761
DecisionPoint Financial
Arizona
$2.03K – – –
FC
762
Fairscale Capital
New Hampshire
$2.03K +$2.12K +51 New
NRG
763
Nemes Rush Group
Michigan
$1.91K -$4.03K -97 -66%
CSWM
764
Cassady Schiller Wealth Management
Ohio
$1.91K – – –
GAG
765
Goodman Advisory Group
Massachusetts
$1.91K – – –
OWA
766
Opal Wealth Advisors
New York
$1.91K +$2.08K +50 New
CAM
767
Creekmur Asset Management
Illinois
$1.79K – – –
IHWM
768
Iron Horse Wealth Management
Iowa
$1.79K – – –
SIC
769
SJS Investment Consulting
Ohio
$1.72K -$208 -5 -10%
TWP
770
Triad Wealth Partners
Kansas
$1.68K +$1.83K +44 New
WAG
771
Wiser Advisor Group
Arizona
$1.53K – – –
EWM
772
Evermay Wealth Management
Virginia
$1.38K – – –
RFG
773
REAP Financial Group
Texas
$1.3K – – –
AFWM
774
Abich Financial Wealth Management
Virginia
$1.18K +$1.29K +31 New
PP
775
Pacifica Partners
Canada
$1.12K – – –
29 30
31
32 33

DKNG Hedge Fund Activity: Q2 2024 in Review

806 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q2 2024, worth a combined $13.5B — down 14% from $15.7B a quarter earlier.

Sellers outnumbered buyers: 111 funds closed out of DKNG and 106 opened new positions — a net loss of 5 holders — while 240 trimmed existing stakes and 322 added.

The largest buyer was T. Rowe Price Investment Management, opening a new position worth an estimated $408M. The largest seller was Lord, Abbett & Co, cutting an estimated $154M.

  • 806 institutional investors held DraftKings (DKNG) as of Q2 2024, down from 824 in Q1 2024.
  • Funds reported $13.5B of DraftKings stock for Q2 2024, down 14% quarter-over-quarter.
  • 106 funds opened new DraftKings positions in Q2 2024 and 111 closed out, a net change of -5 holders.
  • The largest DraftKings buyer in Q2 2024 was T. Rowe Price Investment Management, an estimated $408M added.
  • The largest DraftKings seller in Q2 2024 was Lord, Abbett & Co, an estimated $154M sold.

Based on aggregated 13F filings for Q2 2024.