Vault-13

DRAFTKINGS INC NEW DKNG 0 03.15.28

NOTE 3/1 · US DOMESTIC · CUSIP 26142RAB0

60 institutional holders +8 vs Q1 2024
69,008,65769.0m shares reported held*
$1.1bnreported value*
10 new 10 added 23 reduced 2 sold out net sold ≈ $59.4m (-37.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.56.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 53Q4 22: 54Q1 23: 51Q2 23: 52Q3 23: 53Q4 23: 49Q1 24: 52Q2 24: 6060Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202253
Q4 202254
Q1 202351
Q2 202352
Q3 202353
Q4 202349
Q1 202452
Q2 202460

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 29 bought or addedQ4 22: 18 cut or sold outQ4 22Q1 23: 18 bought or addedQ1 23: 28 cut or sold outQ2 23: 23 bought or addedQ2 23: 26 cut or sold outQ2 23Q3 23: 22 bought or addedQ3 23: 27 cut or sold outQ4 23: 24 bought or addedQ4 23: 20 cut or sold outQ4 23Q1 24: 29 bought or addedQ1 24: 13 cut or sold outQ2 24: 20 bought or addedQ2 24: 25 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222918
Q1 20231828
Q2 20232326
Q3 20232227
Q4 20232420
Q1 20242913
Q2 20242025

Biggest buyers

Linden Advisors LP Added +47,675,000+47.7m
AQR Arbitrage LLC New +31,780,000+31.8m
Davidson Kempner Capital Management LP Added +15,000,000+15.0m
Jump Financial, LLC New +5,000,000+5.0m
WELLINGTON MANAGEMENT GROUP LLP Added +4,615,000+4.6m
BNP PARIBAS FINANCIAL MARKETS New +4,117,000+4.1m
DeepCurrents Investment Group LLC Added +1,500,000+1.5m
SSI INVESTMENT MANAGEMENT LLC Added +1,123,000+1.1m
BlackRock Inc. Added +925,000+925.0k
WELLS FARGO & COMPANY/MN Added +575,000+575.0k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -43,000,000-43.0m
MORGAN STANLEY Reduced -41,513,000-41.5m
LORD, ABBETT & CO. LLC Reduced -34,618,000-34.6m
D. E. Shaw & Co., Inc. Sold out -16,989,000-17.0m
Western Asset Management Company, LLC Reduced -10,530,000-10.5m
Jefferies Financial Group Inc. Reduced -6,287,000-6.3m
BANK OF MONTREAL /CAN/ Reduced -5,700,000-5.7m
RWC Asset Management LLP Sold out -5,500,000-5.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -4,930,000-4.9m
JPMORGAN CHASE & CO Reduced -4,808,000-4.8m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 2.18% of their portfolio New York, NY 314,807,000314.8m $261.3m $261.3m 2.18% Added +47.7m +47,675,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio ATLANTA, GA 180,550,000180.6m $150.5m $150.5m 0.15% Reduced -43.0m -43,000,000
3 WOLVERINE ASSET MANAGEMENT LLC 2.31% of their portfolio CHICAGO, IL 147,945,000147.9m $122.6m $122.6m 2.31% Unchanged
4 Calamos Advisors LLC 0.37% of their portfolio NAPERVILLE, IL 91,085,00091.1m $75.4m $75.4m 0.37% Reduced -4.1m -4,079,000
5 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 58,911,00058.9m $48.6m $48.6m 0.01% Reduced -5.7m -5,700,000
6 ADVENT CAPITAL MANAGEMENT /DE/ 1.14% of their portfolio NEW YORK, NY 56,286,00056.3m $46.9m $46.9m 1.14% Reduced -4.9m -4,930,000
7 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 46,424,00046.4m $38.5m $38.5m 0.06% Reduced -34.6m -34,618,000
8 Amundi 0.01% of their portfolio Paris, I0 38,019,00038.0m $31.3m $31.3m 0.01% Reduced -135.0k -135,000
9 AQR Arbitrage LLC 0.69% of their portfolio Greenwich, CT 31,780,00031.8m $26.5m $26.5m 0.69% New
10 Magnetar Financial LLC 0.52% of their portfolio EVANSTON, IL 30,266,00030.3m $25.1m $25.1m 0.52% Unchanged
11 Davidson Kempner Capital Management LP 0.41% of their portfolio New York, NY 30,000,00030.0m $24.9m $24.9m 0.41% Added +15.0m +15,000,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 26,250,00026.2m $21.7m $21.7m 0.00% Reduced -1.4m -1,350,000
13 AVIVA PLC 0.06% of their portfolio LONDON, X0 25,000,00025.0m $20.7m $20.7m 0.06% Unchanged
14 DeepCurrents Investment Group LLC 0.74% of their portfolio NEW YORK, NY 22,200,00022.2m $18.4m $18.4m 0.74% Added +1.5m +1,500,000
15 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 19,185,00019.2m $15.9m $15.9m 0.00% Added +4.6m +4,615,000
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 19,150,00019.1m $15.9m $15.9m 0.00% Reduced -41.5m -41,513,000
17 SSI INVESTMENT MANAGEMENT LLC 0.80% of their portfolio Los Angeles, CA 12,599,00012.6m $10.4m $10.4m 0.80% Added +1.1m +1,123,000
18 BlackRock Inc. 0.00% of their portfolio New York, NY 11,150,00011.2m $9.2m $9.2m 0.00% Added +925.0k +925,000
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,540,00010.5m $8.7m $8.7m 0.00% Reduced -4.8m -4,808,000
20 Western Asset Management Company, LLC 10.45% of their portfolio Pasadena, CA 10,200,00010.2m $8.5m $8.5m 10.45% Reduced -10.5m -10,530,000
21 Jefferies Financial Group Inc. 0.15% of their portfolio NEW YORK, NY 9,228,0009.2m $7.7m $7.7m 0.15% Reduced -6.3m -6,287,000
22 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 8,002,0008.0m $6.6m $6.6m 0.00% Unchanged
23 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 7,874,0007.9m $6.6m $6.6m 0.00% Reduced -345.0k -345,000
24 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 7,513,0007.5m $6.3m $6.3m 0.01% Reduced -133.0k -133,000
25 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 7,057,0007.1m $5.8m $5.8m 0.01% Unchanged
26 Verition Fund Management LLC 0.04% of their portfolio GREENWICH, CT 6,834,0006.8m $5.7m $5.7m 0.04% Added +307.0k +307,000
27 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 5,100,0005.1m $4.2m $4.2m 0.00% Reduced -1.2m -1,225,000
28 RATIONAL ADVISORS, INC. 0.41% of their portfolio San Juan, PR 5,020,0005.0m $4.2m $4.2m 0.41% Unchanged
29 PIER 88 INVESTMENT PARTNERS LLC 0.93% of their portfolio SAN FRANCISCO, CA 5,020,0005.0m $4.2m $4.2m 0.93% Unchanged
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 5,000,0005.0m $4.1m $4.1m 0.00% Unchanged
31 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,000,0005.0m $4.1m $4.1m 0.00% Unchanged
32 Jump Financial, LLC 0.08% of their portfolio Chicago, IL 5,000,0005.0m $4.1m $4.1m 0.08% New
33 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,413,0004.4m $3.7m $3.7m 0.00% Reduced -1.6m -1,609,000
34 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,117,0004.1m $3.4m $3.4m 0.00% New
35 SHENKMAN CAPITAL MANAGEMENT INC 0.25% of their portfolio NEW YORK, NY 3,425,0003.4m $2.9m $2.9m 0.25% Reduced -695.0k -695,000
36 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,806,0002.8m $2.3m $2.3m 0.00% Reduced -1.2m -1,246,000
37 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.05% of their portfolio CHICAGO, IL 2,000,0002.0m $1.7m $1.7m 0.05% Unchanged
38 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,300,0001.3m $1.1m $1.1m 0.01% Added +350.0k +350,000
39 Liberty Mutual Group Asset Management Inc. 0.10% of their portfolio Boston, MA 828,000828.0k $686.0k $686.0k 0.10% Unchanged
40 BASSO CAPITAL MANAGEMENT, L.P. 0.60% of their portfolio STAMFORD, CT 800,000800.0k $662.8k $662.8k 0.60% Unchanged
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 800,000800.0k $663.4k $663.4k 0.00% Unchanged
42 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 752,000752.0k $623.6k $623.6k 0.00% Added +575.0k +575,000
43 Central Pacific Bank - Trust Division 0.06% of their portfolio HONOLULU, HI 617,000617.0k $511.2k $511.2k 0.06% Unchanged
44 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 279,000279.0k $231.2k $231.2k 0.00% New
45 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 187,000187.0k $154.8k $154.8k 0.01% Added +8.0k +8,000
46 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 163,000163.0k $135.0k $135.0k 0.00% Reduced -77.0k -77,000
47 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 151,600151.6k $125.6k $125.6k 0.00% Reduced -265.4k -265,400
48 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 55,65755.7k $2.1m $2.1m 0.00% Reduced -5.3k -5,324
49 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 54,00054.0k $44.4k $44.4k 0.00% New
50 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 51,00051.0k $42.3k $42.3k 0.00% New
51 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 45,00045.0k $37.3k $37.3k 0.00% Unchanged
52 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 38,00038.0k $31.2k $31.2k 0.00% New
53 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 24,00024.0k $19.9k $19.9k 0.00% Unchanged
54 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 19,10019.1k $1.6m $1.6m 0.01% Reduced -12.5k -12,500
55 Goodman Financial Corp 0.00% of their portfolio HOUSTON, TX 11,00011.0k $9.1k $9.1k 0.00% New
56 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 5,0005.0k $4.1k $4.1k 0.00% New
57 Context Capital Management, LLC 0.15% of their portfolio LAJOLLA, CA 4,9655.0k $4.1m $4.1m 0.15% Reduced -5.5k -5,500
58 Alpine Global Management, LLC 0.43% of their portfolio NEW YORK, NY 3,0003.0k $2.5m $2.5m 0.43% Reduced -1.0k -1,000
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,0003.0k $2.5k $2.5k 0.00% New
60 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged