DraftKings
DKNG
697 hedge funds and large institutions have $13.7B invested in DraftKings in 2021 Q1 according to their latest regulatory filings, with 180 funds opening new positions, 257 increasing their positions, 189 reducing their positions, and 75 closing their positions.
140% more first-time investments, than exits
New positions opened: 180 | Existing positions closed: 75
65% more call options, than puts
Call options by funds: $1.71B | Put options by funds: $1.04B
44% more capital invested
Capital invested by funds: $9.51B → $13.7B (+$4.21B)
36% more repeat investments, than reductions
Existing positions increased: 257 | Existing positions reduced: 189
16% more funds holding
Funds holding: 599 → 697 (+98)
4.15% more ownership
Funds ownership: 52.11% → 56.25% (+4.1%)
9% less funds holding in top 10
Funds holding in top 10: 22 → 20 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$287M |
| 2 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
+$263M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$207M |
| 4 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$205M |
| 5 |
NAMA
Nikko Asset Management Americas
New York
|
+$204M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
ACME LLC
San Francisco,
California
|
-$284M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$124M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$79.4M |
| 4 |
RGMC
Revolution Growth Management Company
Washington,
District of Columbia
|
-$75.1M |
| 5 |
FAM
Fred Alger Management
New York
|
-$60M |
DKNG Hedge Fund Activity: Q1 2021 in Review
697 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q1 2021, worth a combined $13.7B — up 44% from $9.51B a quarter earlier.
Buyers outnumbered sellers: 180 funds opened new DKNG positions and 75 closed out — a net gain of 105 holders — while 257 added to existing stakes and 189 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $287M. The largest seller was ACME LLC, cutting an estimated $284M.
- 697 institutional investors held DraftKings (DKNG) as of Q1 2021, up from 599 in Q4 2020.
- Funds reported $13.7B of DraftKings stock for Q1 2021, up 44% quarter-over-quarter.
- 180 funds opened new DraftKings positions in Q1 2021 and 75 closed out, a net change of +105 holders.
- The largest DraftKings buyer in Q1 2021 was JP Morgan Chase, an estimated $287M added.
- The largest DraftKings seller in Q1 2021 was ACME LLC, an estimated $284M sold.
Based on aggregated 13F filings for Q1 2021.