DraftKings
DKNG
810 hedge funds and large institutions have $14.8B invested in DraftKings in 2024 Q4 according to their latest regulatory filings, with 140 funds opening new positions, 254 increasing their positions, 282 reducing their positions, and 89 closing their positions.
57% more first-time investments, than exits
New positions opened: 140 | Existing positions closed: 89
43% more call options, than puts
Call options by funds: $1.25B | Put options by funds: $874M
5% more funds holding
Funds holding: 775 → 810 (+35)
4.07% more ownership
Funds ownership: 77.27% → 81.34% (+4.1%)
0% more capital invested
Capital invested by funds: $14.7B → $14.8B (+$30.9M)
10% less repeat investments, than reductions
Existing positions increased: 254 | Existing positions reduced: 282
13% less funds holding in top 10
Funds holding in top 10: 16 → 14 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
|
+$371M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$284M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$263M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$94.1M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$87.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$113M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$85.8M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$85.2M |
| 4 |
KCM
Kodai Capital Management
Chicago,
Illinois
|
-$84M |
| 5 |
Millennium Management
New York
|
-$78.2M |
DKNG Hedge Fund Activity: Q4 2024 in Review
810 of the 7,614 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2024, worth a combined $14.8B — up 0.21% from $14.7B a quarter earlier.
Buyers outnumbered sellers: 140 funds opened new DKNG positions and 89 closed out — a net gain of 51 holders — while 254 added to existing stakes and 282 trimmed.
The largest buyer was Janus Henderson Group, adding an estimated $371M. The largest seller was Fred Alger Management, cutting an estimated $113M.
- 810 institutional investors held DraftKings (DKNG) as of Q4 2024, up from 775 in Q3 2024.
- Funds reported $14.8B of DraftKings stock for Q4 2024, up 0.21% quarter-over-quarter.
- 140 funds opened new DraftKings positions in Q4 2024 and 89 closed out, a net change of +51 holders.
- The largest DraftKings buyer in Q4 2024 was Janus Henderson Group, an estimated $371M added.
- The largest DraftKings seller in Q4 2024 was Fred Alger Management, an estimated $113M sold.
Based on aggregated 13F filings for Q4 2024.