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DraftKings
DKNG

599 hedge funds and large institutions have $9.51B invested in DraftKings in 2020 Q4 according to their latest regulatory filings, with 266 funds opening new positions, 226 increasing their positions, 68 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

316% more first-time investments, than exits

New positions opened: 266 | Existing positions closed: 64

232% more repeat investments, than reductions

Existing positions increased: 226 | Existing positions reduced: 68

49% more funds holding

Funds holding: 403 → 599 (+196)

17% more call options, than puts

Call options by funds: $887M | Put options by funds: $757M

5% more funds holding in top 10

Funds holding in top 10: 21 → 22 (+1)

0.86% more ownership

Funds ownership: 51.24% → 52.11% (+0.86%)

11% less capital invested

Capital invested by funds: $10.7B → $9.51B (-$1.15B)

Holders
599
Holders Change
+196
Holders Change %
+48.64%
% of All Funds
10.6%
Holding in Top 10
22
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+4.76%
% of All Funds
0.39%
New
266
Increased
226
Reduced
68
Closed
64
Calls
$887M
Puts
$757M
Net Calls
+$130M
Net Calls Change
-$60.8M

Top Buyers

1
FAM
Fred Alger Management
New York
+$177M
2
Capital Research Global Investors
Capital Research Global Investors
California
+$150M
3
CBA
Coastal Bridge Advisors
Connecticut
+$143M
4
BlackRock
BlackRock
New York
+$142M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$131M

Top Sellers

1
GP
Galileo PTC
British Virgin Islands
-$319M
2
Franklin Resources
Franklin Resources
California
-$237M
3
RC
Raine Capital
New York
-$237M
4
PWAM
Park West Asset Management
California
-$224M
5
GQG Partners
GQG Partners
Florida
-$176M
Name Holding Trade Value Shares
Change 		Change in
Stake
WSC
201
Wellington Shields & Co
New York
$1.79M -$1.93M -40,500 -51%
UIM
202
USS Investment Management
United Kingdom
$1.72M +$1.75M +36,839 New
PNC Financial Services Group
203
PNC Financial Services Group
Pennsylvania
$1.68M +$168K +3,532 +11%
HAG
204
HighPoint Advisor Group
Illinois
$1.68M +$1.28M +26,962 New
ES
205
Equitec Specialists
Illinois
$1.66M -$66.7K -1,400 -4%
MAM
206
Morse Asset Management
Connecticut
$1.64M +$1.42M +29,925 +562%
CPC
207
Congress Park Capital
New York
$1.64M -$117K -2,448 -7%
IIC
208
Integrated Investment Consultants
Michigan
$1.64M +$1.67M +35,152 New
ACM
209
Axel Capital Management
New York
$1.63M +$1.67M +35,000 New
BOH
210
Bank of Hawaii
Hawaii
$1.63M +$1.66M +34,940 New
BFIC
211
Bedell Frazier Investment Counselling
California
$1.6M +$254K +5,340 +18%
MML Investors Services
212
MML Investors Services
Massachusetts
$1.57M +$718K +15,080 +81%
GCM
213
Gables Capital Management
Florida
$1.56M – – –
SPC
214
Sigma Planning Corp
Michigan
$1.55M -$1.06M -22,342 -40%
GGHC
215
Gilder Gagnon Howe & Co
New York
$1.52M +$7.48K +157 +0.5%
CRWM
216
Castle Rock Wealth Management
California
$1.52M +$63.5K +1,333 +5%
Mitsubishi UFJ Asset Management
217
Mitsubishi UFJ Asset Management
Japan
$1.49M +$1.53M +32,095 New
Toronto Dominion Bank
218
Toronto Dominion Bank
Ontario, Canada
$1.49M +$1.53M +32,046 New
DI
219
DFPG Investments
Utah
$1.45M +$621K +13,038 +88%
CCM
220
Campbell Capital Management
Florida
$1.44M +$1.29M +27,000 New
WCA
221
Waratah Capital Advisors
Ontario, Canada
$1.4M +$1.26M +26,447 +712%
SI
222
Symmetry Investments
Jersey
$1.4M +$1.43M +30,000 New
FAF
223
Första AP-fonden
Sweden
$1.38M +$1.41M +29,700 New
Skandinaviska Enskilda Banken (SEB)
224
Skandinaviska Enskilda Banken (SEB)
Sweden
$1.38M +$1.41M +29,600 New
SI
225
Stephens Inc
Arkansas
$1.38M +$18.8K +395 +1%
7 8
9
10 11

DKNG Hedge Fund Activity: Q4 2020 in Review

599 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2020, worth a combined $9.51B — down 11% from $10.7B a quarter earlier.

Buyers outnumbered sellers: 266 funds opened new DKNG positions and 64 closed out — a net gain of 202 holders — while 226 added to existing stakes and 68 trimmed.

The largest buyer was Fred Alger Management, adding an estimated $177M. The largest seller was Galileo PTC, exiting entirely with an estimated $319M sold.

  • 599 institutional investors held DraftKings (DKNG) as of Q4 2020, up from 403 in Q3 2020.
  • Funds reported $9.51B of DraftKings stock for Q4 2020, down 11% quarter-over-quarter.
  • 266 funds opened new DraftKings positions in Q4 2020 and 64 closed out, a net change of +202 holders.
  • The largest DraftKings buyer in Q4 2020 was Fred Alger Management, an estimated $177M added.
  • The largest DraftKings seller in Q4 2020 was Galileo PTC, an estimated $319M sold.

Based on aggregated 13F filings for Q4 2020.