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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
SC
776
SouthState Corp
Florida
$2.02K -$133 -3 -5%
HBW
777
Hazlett, Burt & Watson
West Virginia
$2K +$2.22K +50 New
CMP
778
Coston McIsaac & Partners
Maine
$2K +$2.88K +65 New
DF
779
DecisionPoint Financial
Arizona
$1.93K – – –
FC
780
Fairscale Capital
New Hampshire
$1.91K – – –
MIM
781
MTM Investment Management
South Carolina
$1.87K – – –
GAG
782
Goodman Advisory Group
Massachusetts
$1.87K +$2.22K +50 New
CWP
783
Clark Wealth Partners
Illinois
$1.79K +$1.95K +44 +550%
AT
784
Arlington Trust
Alabama
$1.68K – – –
PWA
785
Physician Wealth Advisors
Utah
$1.57K +$576 +13 +45%
MAM
786
Marquette Asset Management
Minnesota
$1.53K +$1.82K +41 New
IWM
787
IMG Wealth Management
Florida
$1.42K +$1.69K +38 New
SIS
788
Sound Income Strategies
Florida
$1.41K -$4.43K -100 -71%
DWM
789
Dogwood Wealth Management
Kansas
$1.31K – – –
FLFS
790
Family Legacy Financial Solutions
North Carolina
$1.31K – – –
RFG
791
REAP Financial Group
Texas
$1.27K – – –
PP
792
Pacifica Partners
Canada
$1.05K – – –
PCM
793
Penserra Capital Management
California
$1K – – –
RMC
794
Resources Management Corp
Connecticut
$1K – – –
AW
795
Avion Wealth
Texas
$1K +$1.06K +24 +160%
CCM
796
Cloud Capital Management
Washington
$1K +$1.86K +42 New
WCM
797
Westend Capital Management
California
$972 – – –
FF
798
Friedenthal Financial
New Jersey
$935 – – –
ITIM
799
Indiana Trust & Investment Management
Indiana
$935 – – –
OWP
800
ORG Wealth Partners
Texas
$935 – – –
30 31
32
33 34

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.