DraftKings
DKNG
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.
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: $760M | Put options by funds: $566M
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 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
| Rank | Fund | Capital Flow |
|---|---|---|
| 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 |
DKNG Hedge Fund Activity: Q3 2020 in Review
403 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2020, worth a combined $10.7B — up 76% from $6.07B a quarter earlier.
Buyers outnumbered sellers: 165 funds opened new DKNG positions and 68 closed out — a net gain of 97 holders — while 122 added to existing stakes and 86 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $143M. The largest seller was Hudson Bay Capital Management, cutting an estimated $104M.
- 403 institutional investors held DraftKings (DKNG) as of Q3 2020, up from 309 in Q2 2020.
- Funds reported $10.7B of DraftKings stock for Q3 2020, up 76% quarter-over-quarter.
- 165 funds opened new DraftKings positions in Q3 2020 and 68 closed out, a net change of +97 holders.
- The largest DraftKings buyer in Q3 2020 was Wellington Management Group, an estimated $143M added.
- The largest DraftKings seller in Q3 2020 was Hudson Bay Capital Management, an estimated $104M sold.
Based on aggregated 13F filings for Q3 2020.