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DraftKings
DKNG

754 hedge funds and large institutions have $11.7B invested in DraftKings in 2023 Q4 according to their latest regulatory filings, with 165 funds opening new positions, 226 increasing their positions, 250 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

166% more first-time investments, than exits

New positions opened: 165 | Existing positions closed: 62

33% more capital invested

Capital invested by funds: $8.86B → $11.7B (+$2.89B)

15% more funds holding

Funds holding: 657 → 754 (+97)

6.62% more ownership

Funds ownership: 64.85% → 71.47% (+6.6%)

5% more call options, than puts

Call options by funds: $1.17B | Put options by funds: $1.11B

10% less repeat investments, than reductions

Existing positions increased: 226 | Existing positions reduced: 250

35% less funds holding in top 10

Funds holding in top 10: 23 → 15 (-8)

Holders
754
Holders Change
+97
Holders Change %
+14.76%
% of All Funds
10.99%
Holding in Top 10
15
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-34.78%
% of All Funds
0.22%
New
165
Increased
226
Reduced
250
Closed
62
Calls
$1.17B
Puts
$1.11B
Net Calls
+$57.3M
Net Calls Change
+$260M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$305M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$179M
3
N
Nuveen
North Carolina
+$110M
4
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$91.2M
5
First Trust Advisors
First Trust Advisors
Illinois
+$84.6M

Top Sellers

1
AIM
ARK Investment Management
Florida
-$77.3M
2
JCAM
Jericho Capital Asset Management
New York
-$72.1M
3
SAM
Scopus Asset Management
New York
-$70.3M
4
NAMA
Nikko Asset Management Americas
New York
-$60.5M
5
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
-$58.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.38B +$74.5M +2,225,759 +6%
BlackRock
2
BlackRock
New York
$749M +$43.8M +1,308,819 +7%
Morgan Stanley
3
Morgan Stanley
New York
$518M +$305M +9,122,382 +164%
AIM
4
ARK Investment Management
Florida
$434M -$77.3M -2,310,617 -16%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$378M +$179M +5,350,514 +99%
State Street
6
State Street
Massachusetts
$310M +$15M +449,651 +5%
Sumitomo Mitsui Trust Group
7
Sumitomo Mitsui Trust Group
Japan
$296M -$58.5M -1,747,618 -17%
WRCM
8
Whale Rock Capital Management
Massachusetts
$268M -$24.3M -725,719 -9%
NAMA
9
Nikko Asset Management Americas
New York
$263M -$60.5M -1,809,087 -19%
Capital Research Global Investors
10
Capital Research Global Investors
California
$252M – – –
Invesco
11
Invesco
Georgia
$251M -$256K -7,651 -0.1%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$249M +$11.6M +347,124 +5%
AVA
13
Atlas Venture Advisors
Massachusetts
$231M – – –
D.E. Shaw & Co
14
D.E. Shaw & Co
New York
$199M -$52.1M -1,558,153 -22%
Norges Bank
15
Norges Bank
Norway
$192M +$46.8M +1,399,284 +35%
Qube Research & Technologies (QRT)
16
Qube Research & Technologies (QRT)
United Kingdom
$184M +$91.2M +2,726,977 +109%
JCAM
17
Jericho Capital Asset Management
New York
$176M -$72.1M -2,153,967 -30%
RC
18
Raine Capital
New York
$165M – – –
SBLIC
19
Security Benefit Life Insurance Company
Kansas
$163M – – –
N
20
Nuveen
North Carolina
$158M +$110M +3,300,925 +272%
Two Sigma Advisers
21
Two Sigma Advisers
New York
$157M -$42.1M -1,256,900 -22%
Massachusetts Financial Services
22
Massachusetts Financial Services
Massachusetts
$156M +$26.1M +781,058 +21%
First Trust Advisors
23
First Trust Advisors
Illinois
$149M +$84.6M +2,528,503 +148%
Ameriprise
24
Ameriprise
Minnesota
$133M -$22.4M -670,780 -15%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$126M -$3.08M -91,921 -3%
1
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DKNG Hedge Fund Activity: Q4 2023 in Review

754 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2023, worth a combined $11.7B — up 33% from $8.86B a quarter earlier.

Buyers outnumbered sellers: 165 funds opened new DKNG positions and 62 closed out — a net gain of 103 holders — while 226 added to existing stakes and 250 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $305M. The largest seller was ARK Investment Management, cutting an estimated $77.3M.

  • 754 institutional investors held DraftKings (DKNG) as of Q4 2023, up from 657 in Q3 2023.
  • Funds reported $11.7B of DraftKings stock for Q4 2023, up 33% quarter-over-quarter.
  • 165 funds opened new DraftKings positions in Q4 2023 and 62 closed out, a net change of +103 holders.
  • The largest DraftKings buyer in Q4 2023 was Morgan Stanley, an estimated $305M added.
  • The largest DraftKings seller in Q4 2023 was ARK Investment Management, an estimated $77.3M sold.

Based on aggregated 13F filings for Q4 2023.