DraftKings
DKNG
708 hedge funds and large institutions have $8.31B invested in DraftKings in 2026 Q1 according to their latest regulatory filings, with 93 funds opening new positions, 226 increasing their positions, 250 reducing their positions, and 196 closing their positions.
133% more call options, than puts
Call options by funds: $912M | Put options by funds: $392M
10% less repeat investments, than reductions
Existing positions increased: 226 | Existing positions reduced: 250
9.15% less ownership
Funds ownership: 86.95% → 77.8% (-9.1%)
10% less capital inflows, than outflows
Capital inflows: $3.33B | Capital outflows: $3.72B
14% less funds holding
Funds holding: 824 → 708 (-116)
50% less funds holding in top 10
Funds holding in top 10: 18 → 9 (-9)
53% less first-time investments, than exits
New positions opened: 93 | Existing positions closed: 196
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$173M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$165M |
| 3 |
SHIM
Spruce House Investment Management
New York
|
+$148M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$108M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$96.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Viking Global Investors
Stamford,
Connecticut
|
-$659M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$467M |
| 3 |
EC
Eminence Capital
New York
|
-$290M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$262M |
| 5 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$192M |
DKNG Hedge Fund Activity: Q1 2026 in Review
708 of the 8,210 institutional investors tracked by Wall St. Rank reported a position in DraftKings (DKNG) for Q1 2026, worth a combined $8.31B — down 44% from $14.9B a quarter earlier.
Sellers outnumbered buyers: 196 funds closed out of DKNG and 93 opened new positions — a net loss of 103 holders — while 250 trimmed existing stakes and 226 added.
The largest buyer was AQR Capital Management, adding an estimated $173M. The largest seller was Viking Global Investors, exiting entirely with an estimated $659M sold.
- 708 institutional investors held DraftKings (DKNG) as of Q1 2026, down from 824 in Q4 2025.
- Funds reported $8.31B of DraftKings stock for Q1 2026, down 44% quarter-over-quarter.
- 93 funds opened new DraftKings positions in Q1 2026 and 196 closed out, a net change of -103 holders.
- The largest DraftKings buyer in Q1 2026 was AQR Capital Management, an estimated $173M added.
- The largest DraftKings seller in Q1 2026 was Viking Global Investors, an estimated $659M sold.
Based on aggregated 13F filings for Q1 2026.