DraftKings
DKNG
309 hedge funds and large institutions have $6.07B invested in DraftKings in 2020 Q2 according to their latest regulatory filings, with 237 funds opening new positions, 42 increasing their positions, 26 reducing their positions, and 21 closing their positions.
1,481% more capital invested
Capital invested by funds: $384M → $6.07B (+$5.68B)
1,029% more first-time investments, than exits
New positions opened: 237 | Existing positions closed: 21
232% more funds holding
Funds holding: 93 → 309 (+216)
220% more funds holding in top 10
Funds holding in top 10: 5 → 16 (+11)
62% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 26
58% more call options, than puts
Call options by funds: $368M | Put options by funds: $233M
24.44% less ownership
Funds ownership: 76.32% → 51.88% (-24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$626M |
| 2 |
RC
Raine Capital
New York
|
+$600M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$476M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$304M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$253M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWG
Alpha Wave Global
New York
|
-$50.9M |
| 2 |
Millennium Management
New York
|
-$25.9M |
| 3 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$23.3M |
| 4 |
Neuberger Berman Group
New York
|
-$21.4M |
| 5 |
SCA
Southpoint Capital Advisors
New York
|
-$19.4M |
DKNG Hedge Fund Activity: Q2 2020 in Review
309 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q2 2020, worth a combined $6.07B — up 1,481% from $384M a quarter earlier.
Buyers outnumbered sellers: 237 funds opened new DKNG positions and 21 closed out — a net gain of 216 holders — while 42 added to existing stakes and 26 trimmed.
The largest buyer was Vanguard Group, opening a new position worth an estimated $626M. The largest seller was Alpha Wave Global, cutting an estimated $50.9M.
- 309 institutional investors held DraftKings (DKNG) as of Q2 2020, up from 93 in Q1 2020.
- Funds reported $6.07B of DraftKings stock for Q2 2020, up 1,481% quarter-over-quarter.
- 237 funds opened new DraftKings positions in Q2 2020 and 21 closed out, a net change of +216 holders.
- The largest DraftKings buyer in Q2 2020 was Vanguard Group, an estimated $626M added.
- The largest DraftKings seller in Q2 2020 was Alpha Wave Global, an estimated $50.9M sold.
Based on aggregated 13F filings for Q2 2020.