DraftKings
DKNG
516 hedge funds and large institutions have $3.96B invested in DraftKings in 2022 Q3 according to their latest regulatory filings, with 87 funds opening new positions, 127 increasing their positions, 161 reducing their positions, and 72 closing their positions.
56% more funds holding in top 10
Funds holding in top 10: 9 → 14 (+5)
34% more capital invested
Capital invested by funds: $2.96B → $3.96B (+$1.01B)
21% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 72
2% more funds holding
Funds holding: 507 → 516 (+9)
1.44% more ownership
Funds ownership: 56.75% → 58.18% (+1.4%)
21% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 161
38% less call options, than puts
Call options by funds: $333M | Put options by funds: $535M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$125M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$46.5M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$38.3M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$33.7M |
| 5 |
Holocene Advisors
New York
|
+$33.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$131M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
-$29.2M |
| 3 |
Millennium Management
New York
|
-$27.7M |
| 4 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$27.2M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$25.5M |
DKNG Hedge Fund Activity: Q3 2022 in Review
516 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2022, worth a combined $3.96B — up 34% from $2.96B a quarter earlier.
Buyers outnumbered sellers: 87 funds opened new DKNG positions and 72 closed out — a net gain of 15 holders — while 127 added to existing stakes and 161 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $125M. The largest seller was T. Rowe Price Associates, cutting an estimated $131M.
- 516 institutional investors held DraftKings (DKNG) as of Q3 2022, up from 507 in Q2 2022.
- Funds reported $3.96B of DraftKings stock for Q3 2022, up 34% quarter-over-quarter.
- 87 funds opened new DraftKings positions in Q3 2022 and 72 closed out, a net change of +15 holders.
- The largest DraftKings buyer in Q3 2022 was Wellington Management Group, an estimated $125M added.
- The largest DraftKings seller in Q3 2022 was T. Rowe Price Associates, an estimated $131M sold.
Based on aggregated 13F filings for Q3 2022.