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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBU
CIBC Bancorp USA
Chicago,
Illinois
|
+$619M |
| 2 |
PC
PointState Capital
New York
|
+$222M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$168M |
| 4 |
CAM
Contour Asset Management
New York
|
+$114M |
| 5 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$93.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$106M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$92.1M |
| 3 |
BlackRock
New York
|
-$89.9M |
| 4 |
CCM
Cadian Capital Management
New York
|
-$79.2M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$62.2M |
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.