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DraftKings
DKNG

824 hedge funds and large institutions have $15.7B invested in DraftKings in 2024 Q1 according to their latest regulatory filings, with 171 funds opening new positions, 245 increasing their positions, 275 reducing their positions, and 87 closing their positions.

New
Increased
Maintained
Reduced
Closed

97% more first-time investments, than exits

New positions opened: 171 | Existing positions closed: 87

40% more funds holding in top 10

Funds holding in top 10: 15 → 21 (+6)

34% more capital invested

Capital invested by funds: $11.7B → $15.7B (+$3.94B)

9% more funds holding

Funds holding: 754 → 824 (+70)

1.51% more ownership

Funds ownership: 71.47% → 72.99% (+1.5%)

0% more call options, than puts

Call options by funds: $1.43B | Put options by funds: $1.43B

11% less repeat investments, than reductions

Existing positions increased: 245 | Existing positions reduced: 275

Holders
824
Holders Change
+70
Holders Change %
+9.28%
% of All Funds
11.87%
Holding in Top 10
21
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+40%
% of All Funds
0.3%
New
171
Increased
245
Reduced
275
Closed
87
Calls
$1.43B
Puts
$1.43B
Net Calls
+$4.01M
Net Calls Change
-$53.3M

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$504M
2
Marshall Wace
Marshall Wace
United Kingdom
+$214M
3
Neuberger Berman Group
Neuberger Berman Group
New York
+$137M
4
Franklin Resources
Franklin Resources
California
+$117M
5
AQR Capital Management
AQR Capital Management
Connecticut
+$101M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$309M
2
SBLIC
Security Benefit Life Insurance Company
Kansas
-$163M
3
RC
Raine Capital
New York
-$147M
4
AIM
ARK Investment Management
Florida
-$147M
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$144M
Name Holding Trade Value Shares
Change 		Change in
Stake
AP
776
Aspect Partners
Virginia
$3.86K – – –
SWA
777
SOA Wealth Advisors
New York
$3.86K – – –
VAG
778
VisionPoint Advisory Group
Texas
$3.68K -$692 -17 -17%
AWM
779
Abound Wealth Management
Tennessee
$3.63K – – –
PS
780
PayPay Securities
Japan
$3.27K -$1.02K -25 -26%
JWA
781
JFS Wealth Advisors
Pennsylvania
$3.09K – – –
GWSA
782
Global Wealth Strategies & Associates
Colorado
$3.04K +$2.73K +67 New
IFAM
783
Institutional & Family Asset Management
Colorado
$2.73K – – –
DF
784
DecisionPoint Financial
Arizona
$2.37K – – –
SIC
785
SJS Investment Consulting
Ohio
$2.27K – – –
GAG
786
Goodman Advisory Group
Massachusetts
$2.27K – – –
RG
787
Retirement Group
California
$2.27K – – –
CSWM
788
Cassady Schiller Wealth Management
Ohio
$2.27K +$2.04K +50 New
S
789
Sachetta
Massachusetts
$2.19K – – –
CAM
790
Creekmur Asset Management
Illinois
$2.13K – – –
IHWM
791
Iron Horse Wealth Management
Iowa
$2.13K – – –
WAG
792
Wiser Advisor Group
Arizona
$1.82K – – –
EWM
793
Evermay Wealth Management
Virginia
$1.64K +$1.47K +36 New
RFG
794
REAP Financial Group
Texas
$1.54K – – –
TPCW
795
TD Private Client Wealth
New York
$1.5K -$244 -6 -15%
PWMG
796
Prestige Wealth Management Group
New Jersey
$1.5K +$1.34K +33 New
PP
797
Pacifica Partners
Canada
$1.42K – – –
First Manhattan
798
First Manhattan
New York
$1.41K – – –
FGAM
799
Financial Gravity Asset Management
Texas
$1.15K +$407 +10 +50%
JWM
800
Janiczek Wealth Management
Colorado
$1.14K +$1.02K +25 New
30 31
32
33 34

DKNG Hedge Fund Activity: Q1 2024 in Review

824 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q1 2024, worth a combined $15.7B — up 34% from $11.7B a quarter earlier.

Buyers outnumbered sellers: 171 funds opened new DKNG positions and 87 closed out — a net gain of 84 holders — while 245 added to existing stakes and 275 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $504M. The largest seller was Morgan Stanley, cutting an estimated $309M.

  • 824 institutional investors held DraftKings (DKNG) as of Q1 2024, up from 754 in Q4 2023.
  • Funds reported $15.7B of DraftKings stock for Q1 2024, up 34% quarter-over-quarter.
  • 171 funds opened new DraftKings positions in Q1 2024 and 87 closed out, a net change of +84 holders.
  • The largest DraftKings buyer in Q1 2024 was Wellington Management Group, an estimated $504M added.
  • The largest DraftKings seller in Q1 2024 was Morgan Stanley, an estimated $309M sold.

Based on aggregated 13F filings for Q1 2024.