DraftKings
DKNG
773 hedge funds and large institutions have $14.7B invested in DraftKings in 2024 Q3 according to their latest regulatory filings, with 92 funds opening new positions, 285 increasing their positions, 256 reducing their positions, and 119 closing their positions.
53% more call options, than puts
Call options by funds: $1.24B | Put options by funds: $812M
11% more repeat investments, than reductions
Existing positions increased: 285 | Existing positions reduced: 256
9% more capital invested
Capital invested by funds: $13.5B → $14.7B (+$1.18B)
4.06% more ownership
Funds ownership: 73.27% → 77.32% (+4.1%)
4% less funds holding
Funds holding: 806 → 773 (-33)
6% less funds holding in top 10
Funds holding in top 10: 17 → 16 (-1)
23% less first-time investments, than exits
New positions opened: 92 | Existing positions closed: 119
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$290M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$212M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$174M |
| 4 |
Millennium Management
New York
|
+$103M |
| 5 |
KCM
Kodai Capital Management
Chicago,
Illinois
|
+$80.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$131M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$125M |
| 3 |
Renaissance Technologies
New York
|
-$74.6M |
| 4 |
Neuberger Berman Group
New York
|
-$70.3M |
| 5 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$61.5M |
DKNG Hedge Fund Activity: Q3 2024 in Review
773 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2024, worth a combined $14.7B — up 8.7% from $13.5B a quarter earlier.
Sellers outnumbered buyers: 119 funds closed out of DKNG and 92 opened new positions — a net loss of 27 holders — while 256 trimmed existing stakes and 285 added.
The largest buyer was T. Rowe Price Investment Management, adding an estimated $290M. The largest seller was AQR Capital Management, cutting an estimated $131M.
- 773 institutional investors held DraftKings (DKNG) as of Q3 2024, down from 806 in Q2 2024.
- Funds reported $14.7B of DraftKings stock for Q3 2024, up 8.7% quarter-over-quarter.
- 92 funds opened new DraftKings positions in Q3 2024 and 119 closed out, a net change of -27 holders.
- The largest DraftKings buyer in Q3 2024 was T. Rowe Price Investment Management, an estimated $290M added.
- The largest DraftKings seller in Q3 2024 was AQR Capital Management, an estimated $131M sold.
Based on aggregated 13F filings for Q3 2024.