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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$408M |
| 2 |
BlackRock
New York
|
+$395M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$154M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$110M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$92.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$154M |
| 2 |
Millennium Management
New York
|
-$114M |
| 3 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
-$105M |
| 4 |
Coatue Management
New York
|
-$104M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$103M |
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.