DraftKings
DKNG
600 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, 69 reducing their positions, and 63 closing their positions.
322% more first-time investments, than exits
New positions opened: 266 | Existing positions closed: 63
228% more repeat investments, than reductions
Existing positions increased: 226 | Existing positions reduced: 69
49% more funds holding
Funds holding: 403 → 600 (+197)
24% more call options, than puts
Call options by funds: $953M | Put options by funds: $769M
5% more funds holding in top 10
Funds holding in top 10: 21 → 22 (+1)
0.87% more ownership
Funds ownership: 51.24% → 52.11% (+0.87%)
11% less capital invested
Capital invested by funds: $10.7B → $9.51B (-$1.16B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
+$177M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$150M |
| 3 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$143M |
| 4 |
BlackRock
New York
|
+$142M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$131M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GP
Galileo PTC
Road Town, Tortola,
British Virgin Islands
|
-$319M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$237M |
| 3 |
RC
Raine Capital
New York
|
-$237M |
| 4 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$224M |
| 5 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$176M |
DKNG Hedge Fund Activity: Q4 2020 in Review
600 of the 5,676 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 63 closed out — a net gain of 203 holders — while 226 added to existing stakes and 69 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.
- 600 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 63 closed out, a net change of +203 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.