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DraftKings
DKNG

713 hedge funds and large institutions have $12.5B invested in DraftKings in 2021 Q3 according to their latest regulatory filings, with 109 funds opening new positions, 294 increasing their positions, 198 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 69

48% more repeat investments, than reductions

Existing positions increased: 294 | Existing positions reduced: 198

14% more funds holding in top 10

Funds holding in top 10: 14 → 16 (+2)

4% more funds holding

Funds holding: 684 → 713 (+29)

1.01% more ownership

Funds ownership: 63.07% → 64.08% (+1%)

2% more call options, than puts

Call options by funds: $1.65B | Put options by funds: $1.62B

2% less capital invested

Capital invested by funds: $12.7B → $12.5B (-$229M)

Holders
713
Holders Change
+29
Holders Change %
+4.24%
% of All Funds
12.48%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.28%
New
109
Increased
294
Reduced
198
Closed
69
Calls
$1.65B
Puts
$1.62B
Net Calls
+$29.6M
Net Calls Change
+$415K

Top Buyers

1
AIM
ARK Investment Management
Florida
+$207M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$184M
3
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$159M
4
NAMA
Nikko Asset Management Americas
New York
+$140M
5
Two Sigma Investments
Two Sigma Investments
New York
+$103M

Top Sellers

1
AIM
Achmea Investment Management
Netherlands
-$530M
2
RC
Raine Capital
New York
-$294M
3
JP Morgan Chase
JP Morgan Chase
New York
-$82.3M
4
FCOI
FirstMark Capital OF II
New York
-$48.6M
5
FAM
Fred Alger Management
New York
-$41.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
FAF
126
Fjarde Ap-fonden
Sweden
$5.03M +$2.15M +40,500 +63%
MNBTD
127
Moody National Bank Trust Division
Texas
$4.88M -$6.89K -130 -0.1%
JG
128
Jefferies Group
New York
$4.85M +$2.69M +50,800 +102%
OGC
129
Oak Grove Capital
New Hampshire
$4.82M +$297K +5,602 +6%
PP
130
PDT Partners
New York
$4.68M +$536K +10,115 +12%
VOYA Investment Management
131
VOYA Investment Management
Georgia
$4.62M -$105K -1,972 -2%
BIM
132
Bridgecreek Investment Management
Oklahoma
$4.55M -$1.32K -25 -0%
Man Group
133
Man Group
United Kingdom
$4.54M -$3.95M -74,498 -44%
Nomura Asset Management
134
Nomura Asset Management
Japan
$4.53M +$1.35M +25,395 +37%
BL
135
BCWM LLC
Kansas
$4.52M +$58.9K +1,112 +1%
ECM
136
Evergreen Capital Management
Washington
$4.51M +$377K +7,120 +8%
CA
137
Cetera Advisors
Colorado
$4.48M +$2.27M +42,856 +86%
FA
138
Fagan Associates
New York
$4.4M -$39.4K -743 -0.8%
Envestnet Asset Management
139
Envestnet Asset Management
Illinois
$4.34M +$336K +6,332 +8%
ASRS
140
Arizona State Retirement System
Arizona
$4.34M +$2.13M +40,201 +81%
OC
141
Oppenheimer & Co
New York
$4.3M -$1.19M -22,376 -20%
TC
142
TAP Consulting
Missouri
$4.29M +$652K +12,306 +16%
ANI
143
American National Insurance
Texas
$4.27M -$5.04K -95 -0.1%
ECM
144
ExodusPoint Capital Management
New York
$4.24M +$4.66M +87,928 New
DLCIG
145
D.L. Carlson Investment Group
New Hampshire
$4.22M +$1.92M +36,259 +71%
AWM
146
AE Wealth Management
Kansas
$4.2M +$2.59M +48,873 +127%
MS
147
Madden Securities
Texas
$4.08M +$311K +5,875 +7%
Teacher Retirement System of Texas
148
Teacher Retirement System of Texas
Texas
$3.88M +$2.28M +43,006 +114%
NAM
149
Nissay Asset Management
Japan
$3.86M -$132K -2,492 -3%
AFAS
150
Acorn Financial Advisory Services
Virginia
$3.74M -$634K -11,954 -13%
4 5
6
7 8

DKNG Hedge Fund Activity: Q3 2021 in Review

713 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2021, worth a combined $12.5B — down 1.8% from $12.7B a quarter earlier.

Buyers outnumbered sellers: 109 funds opened new DKNG positions and 69 closed out — a net gain of 40 holders — while 294 added to existing stakes and 198 trimmed.

The largest buyer was ARK Investment Management, adding an estimated $207M. The largest seller was Achmea Investment Management, cutting an estimated $530M.

  • 713 institutional investors held DraftKings (DKNG) as of Q3 2021, up from 684 in Q2 2021.
  • Funds reported $12.5B of DraftKings stock for Q3 2021, down 1.8% quarter-over-quarter.
  • 109 funds opened new DraftKings positions in Q3 2021 and 69 closed out, a net change of +40 holders.
  • The largest DraftKings buyer in Q3 2021 was ARK Investment Management, an estimated $207M added.
  • The largest DraftKings seller in Q3 2021 was Achmea Investment Management, an estimated $530M sold.

Based on aggregated 13F filings for Q3 2021.