DraftKings
DKNG
824 hedge funds and large institutions have $14.9B invested in DraftKings in 2025 Q4 according to their latest regulatory filings, with 155 funds opening new positions, 262 increasing their positions, 273 reducing their positions, and 162 closing their positions.
125% more funds holding in top 10
Funds holding in top 10: 8 → 18 (+10)
47% more call options, than puts
Call options by funds: $1.3B | Put options by funds: $886M
4.86% more ownership
Funds ownership: 82.09% → 86.95% (+4.9%)
2% less capital invested
Capital invested by funds: $15.2B → $14.9B (-$335M)
4% less repeat investments, than reductions
Existing positions increased: 262 | Existing positions reduced: 273
4% less first-time investments, than exits
New positions opened: 155 | Existing positions closed: 162
2% less funds holding
Funds holding: 838 → 824 (-14)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$395M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$306M |
| 3 |
Janus Henderson Group
London,
|
+$280M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$157M |
| 5 |
CCM
Cadian Capital Management
New York
|
+$136M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$627M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$248M |
| 3 |
CAM
Contour Asset Management
New York
|
-$90.5M |
| 4 |
SC
Samlyn Capital
New York
|
-$89.2M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$87.6M |
DKNG Hedge Fund Activity: Q4 2025 in Review
824 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q4 2025, worth a combined $14.9B — down 2.2% from $15.2B a quarter earlier.
Sellers outnumbered buyers: 162 funds closed out of DKNG and 155 opened new positions — a net loss of 7 holders — while 273 trimmed existing stakes and 262 added.
The largest buyer was Capital World Investors, adding an estimated $395M. The largest seller was Wellington Management Group, cutting an estimated $627M.
- 824 institutional investors held DraftKings (DKNG) as of Q4 2025, down from 838 in Q3 2025.
- Funds reported $14.9B of DraftKings stock for Q4 2025, down 2.2% quarter-over-quarter.
- 155 funds opened new DraftKings positions in Q4 2025 and 162 closed out, a net change of -7 holders.
- The largest DraftKings buyer in Q4 2025 was Capital World Investors, an estimated $395M added.
- The largest DraftKings seller in Q4 2025 was Wellington Management Group, an estimated $627M sold.
Based on aggregated 13F filings for Q4 2025.