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DraftKings
DKNG

815 hedge funds and large institutions have $13.8B invested in DraftKings in 2025 Q1 according to their latest regulatory filings, with 133 funds opening new positions, 317 increasing their positions, 230 reducing their positions, and 110 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more call options, than puts

Call options by funds: $1.29B | Put options by funds: $771M

38% more repeat investments, than reductions

Existing positions increased: 317 | Existing positions reduced: 230

21% more first-time investments, than exits

New positions opened: 133 | Existing positions closed: 110

7% more funds holding in top 10

Funds holding in top 10: 14 → 15 (+1)

1.81% more ownership

Funds ownership: 81.34% → 83.15% (+1.8%)

1% more funds holding

Funds holding: 807 → 815 (+8)

6% less capital invested

Capital invested by funds: $14.8B → $13.8B (-$917M)

Holders
815
Holders Change
+8
Holders Change %
+0.99%
% of All Funds
10.93%
Holding in Top 10
15
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+7.14%
% of All Funds
0.2%
New
133
Increased
317
Reduced
230
Closed
110
Calls
$1.29B
Puts
$771M
Net Calls
+$519M
Net Calls Change
+$139M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$342M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$232M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$184M
4
EC
Eminence Capital
New York
+$141M
5
AM
AGF Management
Ontario, Canada
+$103M

Top Sellers

Rank Fund Capital Flow
1
JCAM
Jericho Capital Asset Management
New York
-$195M
2
Holocene Advisors
Holocene Advisors
New York
-$160M
3
Marshall Wace
Marshall Wace
United Kingdom
-$153M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$132M
5
N
Nuveen
North Carolina
-$120M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAG
751
Accordant Advisory Group
Maryland
$3.32K – – –
CSC
752
Caldwell Sutter Capital
California
$3.32K – – –
CFFP
753
Center for Financial Planning
Michigan
$3.32K – – –
CIR
754
Clear Investment Research
Georgia
$3.32K – – –
FFA
755
Frazier Financial Advisors
Ohio
$3.32K – – –
IRC
756
Investors Research Corp
Georgia
$3.32K – – –
MSWA
757
Marshall & Sterling Wealth Advisors
New York
$3.32K – – –
MA
758
MCF Advisors
Kentucky
$3.32K – – –
PSFG
759
Park Square Financial Group
Georgia
$3.32K – – –
BI
760
Binnacle Investments
Iowa
$3.32K +$4.11K +100 New
MCM
761
MV Capital Management
Maryland
$3.25K -$2.05K -50 -34%
FCAS
762
First Command Advisory Services
Texas
$3.25K +$4.03K +98 New
AP
763
Aspect Partners
Virginia
$3.12K +$370 +9 +11%
JWA
764
JFS Wealth Advisors
Pennsylvania
$3.06K -$41 -1 -1%
FPB
765
First PREMIER Bank
South Dakota
$3K – – –
IRAG
766
Investment Research & Advisory Group
Georgia
$2.92K -$4.11K -100 -53%
AWM
767
Abound Wealth Management
Tennessee
$2.66K -$82 -2 -2%
PWM
768
Parkworth Wealth Management
California
$1.99K – – –
IHWM
769
Iron Horse Wealth Management
Iowa
$1.96K – – –
DF
770
DecisionPoint Financial
Arizona
$1.83K – – –
FC
771
Fairscale Capital
New Hampshire
$1.69K – – –
NRG
772
Nemes Rush Group
Michigan
$1.66K – – –
1IA
773
1620 Investment Advisors
Massachusetts
$1.66K +$1.64K +40 +400%
GAG
774
Goodman Advisory Group
Massachusetts
$1.66K +$2.05K +50 New
CAM
775
Creekmur Asset Management
Illinois
$1.56K – – –
29 30
31
32 33

DKNG Hedge Fund Activity: Q1 2025 in Review

815 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q1 2025, worth a combined $13.8B — down 6.2% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 133 funds opened new DKNG positions and 110 closed out — a net gain of 23 holders — while 317 added to existing stakes and 230 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $342M. The largest seller was Jericho Capital Asset Management, exiting entirely with an estimated $195M sold.

  • 815 institutional investors held DraftKings (DKNG) as of Q1 2025, up from 807 in Q4 2024.
  • Funds reported $13.8B of DraftKings stock for Q1 2025, down 6.2% quarter-over-quarter.
  • 133 funds opened new DraftKings positions in Q1 2025 and 110 closed out, a net change of +23 holders.
  • The largest DraftKings buyer in Q1 2025 was Fidelity Investments, an estimated $342M added.
  • The largest DraftKings seller in Q1 2025 was Jericho Capital Asset Management, an estimated $195M sold.

Based on aggregated 13F filings for Q1 2025.