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DraftKings
DKNG

815 hedge funds and large institutions have $13.8B invested in DraftKings in 2025 Q1 according to their latest regulatory filings, with 133 funds opening new positions, 317 increasing their positions, 230 reducing their positions, and 110 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more call options, than puts

Call options by funds: $1.29B | Put options by funds: $771M

38% more repeat investments, than reductions

Existing positions increased: 317 | Existing positions reduced: 230

21% more first-time investments, than exits

New positions opened: 133 | Existing positions closed: 110

7% more funds holding in top 10

Funds holding in top 10: 14 → 15 (+1)

1.81% more ownership

Funds ownership: 81.34% → 83.15% (+1.8%)

1% more funds holding

Funds holding: 807 → 815 (+8)

6% less capital invested

Capital invested by funds: $14.8B → $13.8B (-$917M)

Holders
815
Holders Change
+8
Holders Change %
+0.99%
% of All Funds
10.93%
Holding in Top 10
15
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+7.14%
% of All Funds
0.2%
New
133
Increased
317
Reduced
230
Closed
110
Calls
$1.29B
Puts
$771M
Net Calls
+$519M
Net Calls Change
+$139M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$342M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$232M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$184M
4
EC
Eminence Capital
New York
+$141M
5
AM
AGF Management
Ontario, Canada
+$103M

Top Sellers

1
JCAM
Jericho Capital Asset Management
New York
-$195M
2
Holocene Advisors
Holocene Advisors
New York
-$160M
3
Marshall Wace
Marshall Wace
United Kingdom
-$153M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$132M
5
N
Nuveen
North Carolina
-$120M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.43B +$704K +17,146 +0%
BlackRock
2
BlackRock
New York
$988M -$59.7M -1,453,243 -5%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$729M +$342M +8,332,368 +61%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$632M -$132M -3,206,395 -14%
T. Rowe Price Investment Management
5
T. Rowe Price Investment Management
Maryland
$621M +$5.36M +130,434 +0.7%
Janus Henderson Group
6
Janus Henderson Group
United Kingdom
$530M +$232M +5,644,497 +60%
State Street
7
State Street
Massachusetts
$323M -$549K -13,374 -0.1%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$284M +$19.7M +480,627 +6%
Baillie Gifford & Co
9
Baillie Gifford & Co
United Kingdom
$279M +$72.2M +1,756,778 +26%
Norges Bank
10
Norges Bank
Norway
$258M +$13.5M +328,595 +4%
Massachusetts Financial Services
11
Massachusetts Financial Services
Massachusetts
$236M +$12.4M +301,134 +4%
Citadel Advisors
12
Citadel Advisors
Florida
$224M -$92.4M -2,249,533 -25%
WRCM
13
Whale Rock Capital Management
Massachusetts
$203M +$46.4M +1,130,075 +23%
Morgan Stanley
14
Morgan Stanley
New York
$196M +$7.53M +183,361 +3%
Sumitomo Mitsui Trust Group
15
Sumitomo Mitsui Trust Group
Japan
$179M -$21.5M -522,239 -9%
AVA
16
Atlas Venture Advisors
Massachusetts
$177M -$23.6M -574,543 -10%
EC
17
Eminence Capital
New York
$172M +$141M +3,423,909 +195%
Invesco
18
Invesco
Georgia
$172M +$83.5M +2,033,877 +65%
Capital Research Global Investors
19
Capital Research Global Investors
California
$170M -$22.8M -554,259 -10%
UBS Group
20
UBS Group
Switzerland
$169M +$93.9M +2,286,044 +81%
Capital World Investors
21
Capital World Investors
California
$161M +$309K +7,528 +0.2%
AIM
22
ARK Investment Management
Florida
$160M -$28.9M -704,035 -13%
AQR Capital Management
23
AQR Capital Management
Connecticut
$156M +$184M +4,486,488 +2,139%
NAMA
24
Nikko Asset Management Americas
New York
$152M -$21.4M -522,099 -10%
SC
25
Samlyn Capital
New York
$150M +$7.31M +177,924 +4%
1
2 3 4 5

DKNG Hedge Fund Activity: Q1 2025 in Review

815 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q1 2025, worth a combined $13.8B — down 6.2% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 133 funds opened new DKNG positions and 110 closed out — a net gain of 23 holders — while 317 added to existing stakes and 230 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $342M. The largest seller was Jericho Capital Asset Management, exiting entirely with an estimated $195M sold.

  • 815 institutional investors held DraftKings (DKNG) as of Q1 2025, up from 807 in Q4 2024.
  • Funds reported $13.8B of DraftKings stock for Q1 2025, down 6.2% quarter-over-quarter.
  • 133 funds opened new DraftKings positions in Q1 2025 and 110 closed out, a net change of +23 holders.
  • The largest DraftKings buyer in Q1 2025 was Fidelity Investments, an estimated $342M added.
  • The largest DraftKings seller in Q1 2025 was Jericho Capital Asset Management, an estimated $195M sold.

Based on aggregated 13F filings for Q1 2025.