DraftKings
DKNG
70 hedge funds and large institutions have $309M invested in DraftKings in 2019 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 2 closing their positions.
2,250% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 2
180% more funds holding
Funds holding: 25 → 70 (+45)
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
103% more capital invested
Capital invested by funds: $152M → $309M (+$156M)
33.52% more ownership
Funds ownership: 38.5% → 72.02% (+34%)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Southpoint Capital Advisors
New York
|
+$15.2M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
+$12.3M |
| 3 |
IP
Isomer Partners
New York
|
+$10.1M |
| 4 |
BCPEMI
Bain Capital Public Equity Management II
Boston,
Massachusetts
|
+$8.92M |
| 5 |
BGIM
Boussard & Gavaudan Investment Management
London,
United Kingdom
|
+$8.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GL
Governors Lane
New York
|
-$15M |
| 2 |
MCM
Moore Capital Management
New York
|
-$7.59M |
| 3 |
FIG
Fortress Investment Group
New York
|
-$7.48M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
-$5.13M |
| 5 |
MIM
Monashee Investment Management
Boston,
Massachusetts
|
-$1.97M |
DKNG Hedge Fund Activity: Q4 2019 in Review
70 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2019, worth a combined $309M — up 103% from $152M a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new DKNG positions and 2 closed out — a net gain of 45 holders — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Southpoint Capital Advisors, opening a new position worth an estimated $15.2M. The largest seller was Governors Lane, cutting an estimated $15M.
- 70 institutional investors held DraftKings (DKNG) as of Q4 2019, up from 25 in Q3 2019.
- Funds reported $309M of DraftKings stock for Q4 2019, up 103% quarter-over-quarter.
- 47 funds opened new DraftKings positions in Q4 2019 and 2 closed out, a net change of +45 holders.
- The largest DraftKings buyer in Q4 2019 was Southpoint Capital Advisors, an estimated $15.2M added.
- The largest DraftKings seller in Q4 2019 was Governors Lane, an estimated $15M sold.
Based on aggregated 13F filings for Q4 2019.