DraftKings
DKNG
641 hedge funds and large institutions have $7.49B invested in DraftKings in 2021 Q4 according to their latest regulatory filings, with 128 funds opening new positions, 197 increasing their positions, 222 reducing their positions, and 184 closing their positions.
2.81% more ownership
Funds ownership: 64.08% → 66.9% (+2.8%)
10% less funds holding
Funds holding: 713 → 641 (-72)
11% less repeat investments, than reductions
Existing positions increased: 197 | Existing positions reduced: 222
19% less call options, than puts
Call options by funds: $757M | Put options by funds: $931M
25% less funds holding in top 10
Funds holding in top 10: 16 → 12 (-4)
30% less first-time investments, than exits
New positions opened: 128 | Existing positions closed: 184
40% less capital invested
Capital invested by funds: $12.5B → $7.49B (-$4.96B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$161M |
| 2 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
+$136M |
| 3 |
NAMA
Nikko Asset Management Americas
New York
|
+$99.5M |
| 4 |
Two Sigma Advisers
New York
|
+$99.3M |
| 5 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$87.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$338M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$65M |
| 3 |
FAM
Fred Alger Management
New York
|
-$60.2M |
| 4 |
Morgan Stanley
New York
|
-$53.2M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$42.3M |
DKNG Hedge Fund Activity: Q4 2021 in Review
641 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2021, worth a combined $7.49B — down 40% from $12.5B a quarter earlier.
Sellers outnumbered buyers: 184 funds closed out of DKNG and 128 opened new positions — a net loss of 56 holders — while 222 trimmed existing stakes and 197 added.
The largest buyer was Two Sigma Investments, adding an estimated $161M. The largest seller was Wellington Management Group, cutting an estimated $338M.
- 641 institutional investors held DraftKings (DKNG) as of Q4 2021, down from 713 in Q3 2021.
- Funds reported $7.49B of DraftKings stock for Q4 2021, down 40% quarter-over-quarter.
- 128 funds opened new DraftKings positions in Q4 2021 and 184 closed out, a net change of -56 holders.
- The largest DraftKings buyer in Q4 2021 was Two Sigma Investments, an estimated $161M added.
- The largest DraftKings seller in Q4 2021 was Wellington Management Group, an estimated $338M sold.
Based on aggregated 13F filings for Q4 2021.