DraftKings
DKNG
849 hedge funds and large institutions have $17.9B invested in DraftKings in 2025 Q2 according to their latest regulatory filings, with 156 funds opening new positions, 280 increasing their positions, 265 reducing their positions, and 113 closing their positions.
41% more call options, than puts
Call options by funds: $1.38B | Put options by funds: $982M
38% more first-time investments, than exits
New positions opened: 156 | Existing positions closed: 113
30% more capital invested
Capital invested by funds: $13.8B → $17.9B (+$4.09B)
4% more funds holding
Funds holding: 815 → 849 (+34)
1.1% more ownership
Funds ownership: 83.15% → 84.25% (+1.1%)
6% more repeat investments, than reductions
Existing positions increased: 280 | Existing positions reduced: 265
0% more funds holding in top 10
Funds holding in top 10: 15 → 15 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$155M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$145M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$87.9M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
+$77.3M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
+$62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$132M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$116M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$94.7M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$83.7M |
| 5 |
AM
AGF Management
Toronto,
Ontario, Canada
|
-$83.6M |
DKNG Hedge Fund Activity: Q2 2025 in Review
849 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q2 2025, worth a combined $17.9B — up 30% from $13.8B a quarter earlier.
Buyers outnumbered sellers: 156 funds opened new DKNG positions and 113 closed out — a net gain of 43 holders — while 280 added to existing stakes and 265 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $155M. The largest seller was BlackRock, cutting an estimated $132M.
- 849 institutional investors held DraftKings (DKNG) as of Q2 2025, up from 815 in Q1 2025.
- Funds reported $17.9B of DraftKings stock for Q2 2025, up 30% quarter-over-quarter.
- 156 funds opened new DraftKings positions in Q2 2025 and 113 closed out, a net change of +43 holders.
- The largest DraftKings buyer in Q2 2025 was Wellington Management Group, an estimated $155M added.
- The largest DraftKings seller in Q2 2025 was BlackRock, an estimated $132M sold.
Based on aggregated 13F filings for Q2 2025.