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DraftKings
DKNG

507 hedge funds and large institutions have $2.92B invested in DraftKings in 2022 Q2 according to their latest regulatory filings, with 73 funds opening new positions, 159 increasing their positions, 158 reducing their positions, and 121 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more repeat investments, than reductions

Existing positions increased: 159 | Existing positions reduced: 158

6.14% less ownership

Funds ownership: 62.89% → 56.75% (-6.1%)

10% less funds holding

Funds holding: 563 → 507 (-56)

10% less funds holding in top 10

Funds holding in top 10: 10 → 9 (-1)

28% less call options, than puts

Call options by funds: $255M | Put options by funds: $354M

40% less first-time investments, than exits

New positions opened: 73 | Existing positions closed: 121

42% less capital invested

Capital invested by funds: $5.03B → $2.92B (-$2.1B)

Holders
507
Holders Change
-56
Holders Change %
-9.95%
% of All Funds
8.54%
Holding in Top 10
9
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-10%
% of All Funds
0.15%
New
73
Increased
159
Reduced
158
Closed
121
Calls
$255M
Puts
$354M
Net Calls
-$99.4M
Net Calls Change
+$1.16M

Top Buyers

1
CIM
Contrarius Investment Management
Jersey
+$83.4M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$81.1M
3
Capital Research Global Investors
Capital Research Global Investors
California
+$80.9M
4
DC
Davenport & Co
Virginia
+$39.1M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
+$29.7M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$160M
2
Two Sigma Investments
Two Sigma Investments
New York
-$83.3M
3
Marshall Wace
Marshall Wace
United Kingdom
-$66M
4
HVCM
HG Vora Capital Management
New York
-$56.3M
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$52.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
LP
76
LMR Partners
United Kingdom
$3.7M +$4.46M +316,715 New
AL
77
ACME LLC
California
$3.57M – – –
Victory Capital Management
78
Victory Capital Management
Texas
$3.57M +$126K +8,938 +3%
VF
79
Virtu Financial
New York
$3.47M +$4.18M +297,183 New
Squarepoint
80
Squarepoint
New York
$3.18M -$733K -52,063 -16%
Osaic Holdings
81
Osaic Holdings
Arizona
$3.05M +$631K +44,833 +21%
Commonwealth Equity Services
82
Commonwealth Equity Services
Massachusetts
$2.87M -$286K -20,341 -8%
LSAG
83
Lake Street Advisors Group
New Hampshire
$2.78M +$493 +35 +0%
State of New Jersey Common Pension Fund D
84
State of New Jersey Common Pension Fund D
New Jersey
$2.74M +$365K +25,932 +12%
VanEck Associates
85
VanEck Associates
New York
$2.73M -$1.18M -84,040 -26%
RIL
86
Rothschild Investment LLC
Illinois
$2.72M -$149K -10,595 -4%
FAF
87
Första AP-fonden
Sweden
$2.52M +$3.04M +216,100 New
Ameriprise
88
Ameriprise
Minnesota
$2.51M -$6.17M -438,453 -67%
RWA
89
Ropes Wealth Advisors
Massachusetts
$2.42M – – –
APW
90
Axim Planning & Wealth
Ohio
$2.42M +$2.92M +207,050 New
NFAM
91
North Fourth Asset Management
New Jersey
$2.39M +$2.89M +205,000 New
PHK
92
Point72 Hong Kong
Hong Kong
$2.36M +$2.85M +202,208 New
CA
93
Cetera Advisors
Colorado
$2.23M -$1.9M -134,947 -41%
Ohio Public Employees Retirement System (OPERS)
94
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.2M +$406K +28,848 +18%
CRCM
95
Crystal Rock Capital Management
Illinois
$2.07M +$1.47M +104,300 +143%
Stifel Financial
96
Stifel Financial
Missouri
$1.96M +$370K +26,290 +19%
IAS
97
IMA Advisory Services
Colorado
$1.96M +$2.37M +168,135 New
OCM
98
Once Capital Management
New York
$1.95M – – –
JAMONY
99
Jacob Asset Management of New York
California
$1.93M +$642K +45,596 +38%
CWM
100
Congress Wealth Management
Massachusetts
$1.9M -$12.1K -860 -0.5%
2 3
4
5 6

DKNG Hedge Fund Activity: Q2 2022 in Review

507 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q2 2022, worth a combined $2.92B — down 42% from $5.03B a quarter earlier.

Sellers outnumbered buyers: 121 funds closed out of DKNG and 73 opened new positions — a net loss of 48 holders — while 158 trimmed existing stakes and 159 added.

The largest buyer was Contrarius Investment Management, opening a new position worth an estimated $83.4M. The largest seller was Wellington Management Group, exiting entirely with an estimated $160M sold.

  • 507 institutional investors held DraftKings (DKNG) as of Q2 2022, down from 563 in Q1 2022.
  • Funds reported $2.92B of DraftKings stock for Q2 2022, down 42% quarter-over-quarter.
  • 73 funds opened new DraftKings positions in Q2 2022 and 121 closed out, a net change of -48 holders.
  • The largest DraftKings buyer in Q2 2022 was Contrarius Investment Management, an estimated $83.4M added.
  • The largest DraftKings seller in Q2 2022 was Wellington Management Group, an estimated $160M sold.

Based on aggregated 13F filings for Q2 2022.