DraftKings
DKNG
754 hedge funds and large institutions have $11.7B invested in DraftKings in 2023 Q4 according to their latest regulatory filings, with 165 funds opening new positions, 226 increasing their positions, 250 reducing their positions, and 62 closing their positions.
166% more first-time investments, than exits
New positions opened: 165 | Existing positions closed: 62
33% more capital invested
Capital invested by funds: $8.86B → $11.7B (+$2.89B)
15% more funds holding
Funds holding: 657 → 754 (+97)
6.62% more ownership
Funds ownership: 64.85% → 71.47% (+6.6%)
5% more call options, than puts
Call options by funds: $1.17B | Put options by funds: $1.11B
10% less repeat investments, than reductions
Existing positions increased: 226 | Existing positions reduced: 250
35% less funds holding in top 10
Funds holding in top 10: 23 → 15 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$305M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$179M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$110M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$91.2M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$84.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
-$77.3M |
| 2 |
JCAM
Jericho Capital Asset Management
New York
|
-$72.1M |
| 3 |
SAM
Scopus Asset Management
New York
|
-$70.3M |
| 4 |
NAMA
Nikko Asset Management Americas
New York
|
-$60.5M |
| 5 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
-$58.5M |
DKNG Hedge Fund Activity: Q4 2023 in Review
754 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2023, worth a combined $11.7B — up 33% from $8.86B a quarter earlier.
Buyers outnumbered sellers: 165 funds opened new DKNG positions and 62 closed out — a net gain of 103 holders — while 226 added to existing stakes and 250 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $305M. The largest seller was ARK Investment Management, cutting an estimated $77.3M.
- 754 institutional investors held DraftKings (DKNG) as of Q4 2023, up from 657 in Q3 2023.
- Funds reported $11.7B of DraftKings stock for Q4 2023, up 33% quarter-over-quarter.
- 165 funds opened new DraftKings positions in Q4 2023 and 62 closed out, a net change of +103 holders.
- The largest DraftKings buyer in Q4 2023 was Morgan Stanley, an estimated $305M added.
- The largest DraftKings seller in Q4 2023 was ARK Investment Management, an estimated $77.3M sold.
Based on aggregated 13F filings for Q4 2023.