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DraftKings
DKNG

689 hedge funds and large institutions have $10.3B invested in DraftKings in 2026 Q2 according to their latest regulatory filings, with 123 funds opening new positions, 179 increasing their positions, 253 reducing their positions, and 129 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more call options, than puts

Call options by funds: $1.25B | Put options by funds: $663M

24% more capital invested

Capital invested by funds: $8.31B → $10.3B (+$1.99B)

4.4% more ownership

Funds ownership: 77.8% → 82.19% (+4.4%)

0% more funds holding in top 10

Funds holding in top 10: 9 → 9 (0)

5% less first-time investments, than exits

New positions opened: 123 | Existing positions closed: 129

2% less funds holding

Funds holding: 706 → 689 (-17)

29% less repeat investments, than reductions

Existing positions increased: 179 | Existing positions reduced: 253

Holders
689
Holders Change
-17
Holders Change %
-2.41%
% of All Funds
8.32%
Holding in Top 10
9
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
123
Increased
179
Reduced
253
Closed
129
Calls
$1.25B
Puts
$663M
Net Calls
+$583M
Net Calls Change
+$62.8M

Top Buyers

Rank Fund Capital Flow
1
CBU
CIBC Bancorp USA
Illinois
+$619M
2
PC
PointState Capital
New York
+$222M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$168M
4
CAM
Contour Asset Management
New York
+$114M
5
HRCM
Hood River Capital Management
Florida
+$93.5M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$106M
2
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$92.1M
3
BlackRock
BlackRock
New York
-$89.9M
4
CCM
Cadian Capital Management
New York
-$79.2M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
-$62.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
MWA
801
Merkkuri Wealth Advisors
New York
– -$1.98K -91 Closed
TCM
802
Triumph Capital Management
Colorado
– -$1.45K -67 Closed
TIM
803
Thompson Investment Management
Wisconsin
– -$1.3K -60 Closed
GAG
804
Goodman Advisory Group
Massachusetts
– -$1.08K -50 Closed
HNB
805
Hilltop National Bank
Wyoming
– -$908 -42 Closed
SFS
806
Sunrise Financial Services
Washington
– -$908 -42 Closed
SIS
807
Sound Income Strategies
Florida
– -$886 -40 Closed
MWC
808
MBM Wealth Consultants
Missouri
– -$649 -30 Closed
PWA
809
Portus Wealth Advisors
North Carolina
– -$649 -30 Closed
KFI
810
Key Financial Inc
Pennsylvania
– -$454 -21 Closed
VWM
811
Vermillion Wealth Management
Minnesota
– -$389 -18 Closed
DF
812
Dunhill Financial
United Kingdom
– -$236 -10 Closed
LHEI
813
Leo H. Evart Inc
California
– -$195 -9 Closed
IAAG
814
Innovative Asset Advisors Group
Connecticut
– -$43 -2 Closed
CW
815
Curio Wealth
Maryland
– -$22 -1 Closed
NWM
816
Navigoe Wealth Management
California
– +$74 +3 New
29 30 31 32
33

DKNG Hedge Fund Activity: Q2 2026 in Review

689 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q2 2026, worth a combined $10.3B — up 24% from $8.31B a quarter earlier.

Sellers outnumbered buyers: 129 funds closed out of DKNG and 123 opened new positions — a net loss of 6 holders — while 253 trimmed existing stakes and 179 added.

The largest buyer was CIBC Bancorp USA, adding an estimated $619M. The largest seller was Fidelity Investments, cutting an estimated $106M.

  • 689 institutional investors held DraftKings (DKNG) as of Q2 2026, down from 706 in Q1 2026.
  • Funds reported $10.3B of DraftKings stock for Q2 2026, up 24% quarter-over-quarter.
  • 123 funds opened new DraftKings positions in Q2 2026 and 129 closed out, a net change of -6 holders.
  • The largest DraftKings buyer in Q2 2026 was CIBC Bancorp USA, an estimated $619M added.
  • The largest DraftKings seller in Q2 2026 was Fidelity Investments, an estimated $106M sold.

Based on aggregated 13F filings for Q2 2026.