DraftKings
DKNG
562 hedge funds and large institutions have $4.98B invested in DraftKings in 2022 Q1 according to their latest regulatory filings, with 78 funds opening new positions, 217 increasing their positions, 153 reducing their positions, and 149 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 217 | Existing positions reduced: 153
4.31% less ownership
Funds ownership: 66.9% → 62.58% (-4.3%)
12% less funds holding
Funds holding: 641 → 562 (-79)
17% less call options, than puts
Call options by funds: $519M | Put options by funds: $622M
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
33% less capital invested
Capital invested by funds: $7.49B → $4.98B (-$2.51B)
48% less first-time investments, than exits
New positions opened: 78 | Existing positions closed: 149
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$138M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$66.4M |
| 3 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
+$51.4M |
| 4 |
DC
Davenport & Co
Richmond,
Virginia
|
+$50.5M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$33.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$227M |
| 2 |
JP Morgan Chase
New York
|
-$128M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$85M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$83.8M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$43.3M |
DKNG Hedge Fund Activity: Q1 2022 in Review
562 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q1 2022, worth a combined $4.98B — down 33% from $7.49B a quarter earlier.
Sellers outnumbered buyers: 149 funds closed out of DKNG and 78 opened new positions — a net loss of 71 holders — while 153 trimmed existing stakes and 217 added.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $138M. The largest seller was T. Rowe Price Associates, cutting an estimated $227M.
- 562 institutional investors held DraftKings (DKNG) as of Q1 2022, down from 641 in Q4 2021.
- Funds reported $4.98B of DraftKings stock for Q1 2022, down 33% quarter-over-quarter.
- 78 funds opened new DraftKings positions in Q1 2022 and 149 closed out, a net change of -71 holders.
- The largest DraftKings buyer in Q1 2022 was HG Vora Capital Management, an estimated $138M added.
- The largest DraftKings seller in Q1 2022 was T. Rowe Price Associates, an estimated $227M sold.
Based on aggregated 13F filings for Q1 2022.