Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

DRAFTKINGS INC NEW (DKNG)

855 + Investors. Track Smart Money conviction in DKNG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
2Q ▼
Buyers last Q
49%

Smart Money Signals — DKNG

Based on 796 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their DKNG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
796 hedge funds hold DKNG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding DKNG is almost the same as a year ago (+22 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 49% buying

429 buying441 selling
Last quarter: 441 funds reduced or exited vs 429 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+33 vs last Q)

new funds entering per quarter
Funds opening a new DKNG position: 127 → 150 → 125 → 158. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 23% medium ■ 23% new
432 out of 796 hedge funds have held DKNG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~158 new funds/quarter

123 → 127 → 150 → 125 → 158 new funds/Q
New funds entering each quarter: 127 → 150 → 125 → 158. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 59% of holders stayed 2+ years

■ 59% veterans ■ 14% 1-2yr ■ 27% new
Of 855 current holders: 504 (59%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
48 of 796 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in DKNG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: DKNG

How many hedge funds hold DKNG — quarterly history vs. share price
Quarterly hedge fund ownership of DKNG vs. share price

Market Analysis: DKNG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DKNG

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

97 top-rated funds 15 high-conviction
Consensus
8.6
/ 10
breadth
×
Elite
4.9
/ 10
conviction
Hedge Fund Positioning: DKNG
2026 Q1 Stats Unlock in 12 days 855 + Investors

Track Smart Money conviction in DKNG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 855 872 -1.95%
13F Shares 478M 531M -10.06%
Total Value $16.39B $17.24B -4.93%
New Positions 164 127 +37
Increased Positions 355 382 -27
Closed Positions 170 143 +27
Reduced Positions 350 335 +15
Total Calls 39 46 -15.22%
Total Puts 33 33 -
PUT/CALL Ratio 0.85 0.72 Neutral

Statistics: DKNG

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

855 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DKNG. Verified SEC 13F-HR filings.

Top 25 institutional holders of DKNG — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Atlas Venture Advisors, Inc. 94.58% 5,319,866 $115.0M
2 Morangie Management LLC 6.23% 312,870 $6.8M
3 HELIOS CAPITAL MANAGEMENT PTE. LTD 3.24% 142,500 $3.1M
4 Anthracite Investment Company, Inc. 2.12% 98,000 $4.2M
5 Crystal Rock Capital Management 2.02% 157,610 $3.4M
6 Englebert Financial Advisers, LLC 1.72% 69,824 $1.5M
7 Hodges Capital Management Inc. 1.55% 864,644 $18.7M
8 Future Fund LLC 1.25% 163,901 $3.5M
9 PEREGRINE CAPITAL MANAGEMENT LLC 0.96% 1,196,951 $25.9M
10 Cohen Investment Advisors LLC 0.88% 86,103 $1.9M
11 First Dallas Securities Inc. 0.77% 96,490 $2.1M
12 Aurora Investment Counsel 0.73% 61,246 $1.3M
13 Amova Asset Management Americas, Inc. 0.71% 2,330,602 $50.3M
14 1492 Capital Management LLC 0.60% 72,428 $1.6M
15 Bayforest Capital Ltd 0.58% 24,087 $521K
16 Paralel Advisors LLC 0.54% 600,000 $13.0M
17 Sippican Capital Advisors 0.45% 30,249 $654K
18 Avondale Wealth Management 0.39% 36,600 $791K
19 Veery Capital, LLC 0.34% 51,641 $1.1M
20 DAVENPORT & Co LLC 0.33% 2,817,654 $60.9M
21 Thoma Capital Management LLC 0.32% 24,726 $535K
22 Bulltick Wealth Management, LLC 0.31% 65,250 $1.4M
23 Grant Private Wealth Management Inc 0.26% 22,254 $481K
24 LEGACY FINANCIAL INDEPENDENT ADVISORS LLC 0.24% 21,768 $471K
25 Bluebird Wealth Management LLC 0.24% 10,695 $231K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — DRAFTKINGS INC NEW (DKNG)

What does the Smart Money Trend signal show for DKNG?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their DKNG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for DKNG?

More sellers than buyers — 49% buying: Last quarter: 441 funds reduced or exited vs 429 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for DKNG holders?

Elite ownership — 52% AUM from top-100 funds: 48 of 796 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in DKNG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DKNG?

54% of holders stayed for 2+ years: 432 out of 796 hedge funds have held DKNG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.