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DraftKings

DKNG

Market cap $12.5B

403 hedge funds and large institutions have $10.7B invested in DraftKings in 2020 Q3 according to their latest regulatory filings, with 165 funds opening new positions, 122 increasing their positions, 86 reducing their positions, and 68 closing their positions.

New

Increased

Maintained

Reduced

Closed

143% more first-time investments, than exits

New positions opened: 165 | Existing positions closed: 68

76% more capital invested

Capital invested by funds: $6.07B → $10.7B (+$4.6B)

42% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 86

34% more call options, than puts

Call options by funds: $748M | Put options by funds: $558M

31% more funds holding in top 10

Funds holding in top 10: 16 → 21 (+5)

30% more funds holding

Funds holding: 309 → 403 (+94)

0.64% less ownership

Funds ownership: 51.88% → 51.24% (-0.64%)

Holders

403

Holders Change

+94

Holders Change %

+30.42%

% of All Funds

8.13%

Holding in Top 10

Holding in Top 10 Change

Holding in Top 10 Change %

+31.25%

% of All Funds

0.42%

New

165

Increased

122

Reduced

Closed

Calls

$748M

Puts

$558M

Net Calls

+$191M

Net Calls Change

+$55.9M

Top Buyers

1	Wellington Management Group Boston, Massachusetts	+$143M
2	GQG Partners Ft. Lauderdale, Florida	+$117M
3	ACH ArrowMark Colorado Holdings Denver, Colorado	+$114M
4	T. Rowe Price Associates Baltimore, Maryland	+$76.7M
5	Macquarie Group Sydney, NSW 2000, Australia	+$57.7M

Top Sellers

1	Hudson Bay Capital Management Stamford, Connecticut	-$104M
2	Goldman Sachs New York	-$82.4M
3	Vanguard Group Malvern, Pennsylvania	-$73.3M
4	AWG Alpha Wave Global New York	-$65M
5	Capital World Investors Los Angeles, California	-$59.8M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	RC 1 Raine Capital New York	$1.28B	–	–	–
2	2 Vanguard Group Malvern, Pennsylvania	$1.22B	-$73.3M	-1,884,256	-8%
3	3 T. Rowe Price Associates Baltimore, Maryland	$1.13B	+$76.7M	+1,972,471	+11%
4	4 Wellington Management Group Boston, Massachusetts	$861M	+$143M	+3,684,279	+33%
5	5 Capital Research Global Investors Los Angeles, California	$526M	-$1.29M	-33,075	-0.4%
6	AVA 6 Atlas Venture Advisors Boston, Massachusetts	$487M	–	–	–
7	7 Franklin Resources San Mateo, California	$351M	–	–	–
8	GP 8 Galileo PTC Road Town, Tortola, British Virgin Islands	$319M	-$157K	-4,035	-0.1%
9	AL 9 ACME LLC San Francisco, California	$316M	-$36.8M	-946,712	-15%
10	CIA 10 Caledonia Investments (Australia) Sydney NSW, Australia	$273M	–	–	–
11	11 BlackRock New York	$250M	-$5.62M	-144,561	-3%
12	PWAM 12 Park West Asset Management San Francisco, California	$224M	–	–	–
13	13 GQG Partners Ft. Lauderdale, Florida	$176M	+$117M	+2,999,662	New
14	ACH 14 ArrowMark Colorado Holdings Denver, Colorado	$173M	+$114M	+2,944,743	New
15	15 Macquarie Group Sydney, NSW 2000, Australia	$167M	+$57.7M	+1,484,049	+110%
16	16 Fidelity Investments Boston, Massachusetts	$165M	+$1.37M	+35,142	+1%
17	SFM 17 Soros Fund Management New York	$139M	-$4.53M	-116,482	-5%
18	EAM 18 Eagle Asset Management St Petersburg, Florida	$126M	+$3.64M	+93,553	+4%
19	19 Geode Capital Management Boston, Massachusetts	$120M	-$510K	-13,108	-0.6%
20	20 Susquehanna International Group Bala Cynwyd, Pennsylvania	$116M	-$21.2M	-546,010	-22%
21	21 Capital World Investors Los Angeles, California	$106M	-$59.8M	-1,537,000	-46%
22	FAM 22 Fred Alger Management New York	$101M	-$55.8M	-1,434,224	-46%
23	23 Morgan Stanley New York	$96.2M	+$11.6M	+298,308	+22%
24	24 Lord, Abbett & Co Jersey City, New Jersey	$94.3M	+$9.41M	+242,085	+18%
25	25 Neuberger Berman Group New York	$82.4M	+$14.3M	+368,088	+36%