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DraftKings
DKNG

773 hedge funds and large institutions have $14.7B invested in DraftKings in 2024 Q3 according to their latest regulatory filings, with 92 funds opening new positions, 285 increasing their positions, 256 reducing their positions, and 119 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more call options, than puts

Call options by funds: $1.24B | Put options by funds: $812M

11% more repeat investments, than reductions

Existing positions increased: 285 | Existing positions reduced: 256

9% more capital invested

Capital invested by funds: $13.5B → $14.7B (+$1.18B)

4.06% more ownership

Funds ownership: 73.27% → 77.32% (+4.1%)

4% less funds holding

Funds holding: 806 → 773 (-33)

6% less funds holding in top 10

Funds holding in top 10: 17 → 16 (-1)

23% less first-time investments, than exits

New positions opened: 92 | Existing positions closed: 119

Holders
773
Holders Change
-33
Holders Change %
-4.09%
% of All Funds
11.1%
Holding in Top 10
16
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5.88%
% of All Funds
0.23%
New
92
Increased
285
Reduced
256
Closed
119
Calls
$1.24B
Puts
$812M
Net Calls
+$431M
Net Calls Change
-$168M

Top Buyers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$290M
2
Citadel Advisors
Citadel Advisors
Florida
+$212M
3
Capital World Investors
Capital World Investors
California
+$174M
4
Millennium Management
Millennium Management
New York
+$103M
5
KCM
Kodai Capital Management
Illinois
+$80.5M

Top Sellers

1
AQR Capital Management
AQR Capital Management
Connecticut
-$131M
2
Invesco
Invesco
Georgia
-$125M
3
Renaissance Technologies
Renaissance Technologies
New York
-$74.6M
4
Neuberger Berman Group
Neuberger Berman Group
New York
-$70.3M
5
JAM
Jupiter Asset Management
United Kingdom
-$61.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.67B +$60.5M +1,673,828 +4%
BlackRock
2
BlackRock
New York
$1.23B +$18.5M +513,127 +2%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$906M -$2.4M -66,499 -0.3%
T. Rowe Price Investment Management
4
T. Rowe Price Investment Management
Maryland
$700M +$290M +8,040,958 +82%
State Street
5
State Street
Massachusetts
$372M +$10.5M +291,879 +3%
Marshall Wace
6
Marshall Wace
United Kingdom
$328M -$37.4M -1,036,737 -11%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$312M +$10.3M +284,131 +4%
Citadel Advisors
8
Citadel Advisors
Florida
$266M +$212M +5,868,470 +633%
Sumitomo Mitsui Trust Group
9
Sumitomo Mitsui Trust Group
Japan
$261M -$4.09M -113,092 -2%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$254M +$29.9M +826,626 +15%
N
11
Nuveen
North Carolina
$252M -$8.37M -231,799 -3%
AIM
12
ARK Investment Management
Florida
$236M -$5.87M -162,541 -3%
AVA
13
Atlas Venture Advisors
Massachusetts
$231M – – –
NAMA
14
Nikko Asset Management Americas
New York
$230M -$1.99M -55,002 -0.9%
Capital Research Global Investors
15
Capital Research Global Investors
California
$229M – – –
Massachusetts Financial Services
16
Massachusetts Financial Services
Massachusetts
$226M -$597K -16,527 -0.3%
Morgan Stanley
17
Morgan Stanley
New York
$225M +$157K +4,347 +0.1%
Norges Bank
18
Norges Bank
Norway
$224M +$2.3M +63,771 +1%
SC
19
Samlyn Capital
New York
$222M +$70.2M +1,943,875 +52%
Macquarie Group
20
Macquarie Group
Australia
$205M -$71.8K -1,988 -0%
Ameriprise
21
Ameriprise
Minnesota
$197M -$23M -637,910 -11%
Capital World Investors
22
Capital World Investors
California
$189M +$174M +4,821,858 New
JCAM
23
Jericho Capital Asset Management
New York
$187M -$3.03M -83,791 -2%
FAM
24
Fred Alger Management
New York
$182M +$53.3M +1,476,003 +47%
WRCM
25
Whale Rock Capital Management
Massachusetts
$179M -$22.7M -627,482 -12%
1
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DKNG Hedge Fund Activity: Q3 2024 in Review

773 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q3 2024, worth a combined $14.7B — up 8.7% from $13.5B a quarter earlier.

Sellers outnumbered buyers: 119 funds closed out of DKNG and 92 opened new positions — a net loss of 27 holders — while 256 trimmed existing stakes and 285 added.

The largest buyer was T. Rowe Price Investment Management, adding an estimated $290M. The largest seller was AQR Capital Management, cutting an estimated $131M.

  • 773 institutional investors held DraftKings (DKNG) as of Q3 2024, down from 806 in Q2 2024.
  • Funds reported $14.7B of DraftKings stock for Q3 2024, up 8.7% quarter-over-quarter.
  • 92 funds opened new DraftKings positions in Q3 2024 and 119 closed out, a net change of -27 holders.
  • The largest DraftKings buyer in Q3 2024 was T. Rowe Price Investment Management, an estimated $290M added.
  • The largest DraftKings seller in Q3 2024 was AQR Capital Management, an estimated $131M sold.

Based on aggregated 13F filings for Q3 2024.