DraftKings
DKNG
507 hedge funds and large institutions have $2.96B invested in DraftKings in 2022 Q2 according to their latest regulatory filings, with 73 funds opening new positions, 159 increasing their positions, 158 reducing their positions, and 120 closing their positions.
1% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 158
5.84% less ownership
Funds ownership: 62.58% → 56.75% (-5.8%)
10% less funds holding
Funds holding: 562 → 507 (-55)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
37% less call options, than puts
Call options by funds: $234M | Put options by funds: $369M
39% less first-time investments, than exits
New positions opened: 73 | Existing positions closed: 120
41% less capital invested
Capital invested by funds: $4.98B → $2.96B (-$2.02B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$83.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$81.1M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$80.9M |
| 4 |
DC
Davenport & Co
Richmond,
Virginia
|
+$39.1M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$29.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$160M |
| 2 |
Two Sigma Investments
New York
|
-$83.3M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$66M |
| 4 |
HVCM
HG Vora Capital Management
New York
|
-$56.3M |
| 5 |
Two Sigma Advisers
New York
|
-$52.9M |
DKNG Hedge Fund Activity: Q2 2022 in Review
507 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q2 2022, worth a combined $2.96B — down 41% from $4.98B a quarter earlier.
Sellers outnumbered buyers: 120 funds closed out of DKNG and 73 opened new positions — a net loss of 47 holders — while 158 trimmed existing stakes and 159 added.
The largest buyer was Contrarius Investment Management, opening a new position worth an estimated $83.4M. The largest seller was Wellington Management Group, exiting entirely with an estimated $160M sold.
- 507 institutional investors held DraftKings (DKNG) as of Q2 2022, down from 562 in Q1 2022.
- Funds reported $2.96B of DraftKings stock for Q2 2022, down 41% quarter-over-quarter.
- 73 funds opened new DraftKings positions in Q2 2022 and 120 closed out, a net change of -47 holders.
- The largest DraftKings buyer in Q2 2022 was Contrarius Investment Management, an estimated $83.4M added.
- The largest DraftKings seller in Q2 2022 was Wellington Management Group, an estimated $160M sold.
Based on aggregated 13F filings for Q2 2022.