DraftKings
DKNG
684 hedge funds and large institutions have $12.7B invested in DraftKings in 2021 Q2 according to their latest regulatory filings, with 118 funds opening new positions, 300 increasing their positions, 163 reducing their positions, and 127 closing their positions.
84% more repeat investments, than reductions
Existing positions increased: 300 | Existing positions reduced: 163
6.82% more ownership
Funds ownership: 56.25% → 63.07% (+6.8%)
2% more call options, than puts
Call options by funds: $1.37B | Put options by funds: $1.34B
7% less first-time investments, than exits
New positions opened: 118 | Existing positions closed: 127
2% less funds holding
Funds holding: 697 → 684 (-13)
8% less capital invested
Capital invested by funds: $13.7B → $12.7B (-$1.04B)
30% less funds holding in top 10
Funds holding in top 10: 20 → 14 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Achmea Investment Management
Zeist,
Netherlands
|
+$528M |
| 2 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
+$488M |
| 3 |
BlackRock
New York
|
+$274M |
| 4 |
NAMA
Nikko Asset Management Americas
New York
|
+$195M |
| 5 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$194M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RGMC
Revolution Growth Management Company
Washington,
District of Columbia
|
-$243M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$211M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$144M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$140M |
| 5 |
TCM
Tybourne Capital Management
Hong Kong
|
-$138M |
DKNG Hedge Fund Activity: Q2 2021 in Review
684 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q2 2021, worth a combined $12.7B — down 7.6% from $13.7B a quarter earlier.
Sellers outnumbered buyers: 127 funds closed out of DKNG and 118 opened new positions — a net loss of 9 holders — while 163 trimmed existing stakes and 300 added.
The largest buyer was Achmea Investment Management, adding an estimated $528M. The largest seller was Revolution Growth Management Company, exiting entirely with an estimated $243M sold.
- 684 institutional investors held DraftKings (DKNG) as of Q2 2021, down from 697 in Q1 2021.
- Funds reported $12.7B of DraftKings stock for Q2 2021, down 7.6% quarter-over-quarter.
- 118 funds opened new DraftKings positions in Q2 2021 and 127 closed out, a net change of -9 holders.
- The largest DraftKings buyer in Q2 2021 was Achmea Investment Management, an estimated $528M added.
- The largest DraftKings seller in Q2 2021 was Revolution Growth Management Company, an estimated $243M sold.
Based on aggregated 13F filings for Q2 2021.