Vault-13

DRAFTKINGS INC NEW DKNG 0 03.15.28

NOTE 3/1 · US DOMESTIC · CUSIP 26142RAB0

58 institutional holders -2 vs Q2 2024
42,995,70843.0m shares reported held*
$1.0bnreported value*
7 new 19 added 18 reduced 9 sold out net sold ≈ $90.0m (-26.0m 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 ($7.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.24.

Trends to Q3 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: 60Q3 24: 5858Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202253
Q4 202254
Q1 202351
Q2 202352
Q3 202353
Q4 202349
Q1 202452
Q2 202460
Q3 202458

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 outQ1 23: 18 bought or addedQ1 23: 28 cut or sold outQ1 23Q2 23: 23 bought or addedQ2 23: 26 cut or sold outQ3 23: 22 bought or addedQ3 23: 27 cut or sold outQ3 23Q4 23: 24 bought or addedQ4 23: 20 cut or sold outQ1 24: 29 bought or addedQ1 24: 13 cut or sold outQ1 24Q2 24: 20 bought or addedQ2 24: 25 cut or sold outQ3 24: 26 bought or addedQ3 24: 27 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222918
Q1 20231828
Q2 20232326
Q3 20232227
Q4 20232420
Q1 20242913
Q2 20242025
Q3 20242627

Biggest buyers

ADVENT CAPITAL MANAGEMENT /DE/ Added +23,917,000+23.9m
SONA ASSET MANAGEMENT (US) LLC New +15,000,000+15.0m
Magnetar Financial LLC Added +9,828,000+9.8m
CITIGROUP INC Added +8,101,000+8.1m
BANK OF AMERICA CORP /DE/ Added +6,132,000+6.1m
DeepCurrents Investment Group LLC Added +6,029,000+6.0m
Jump Financial, LLC Added +5,000,000+5.0m
NEW YORK STATE COMMON RETIREMENT FUND Added +4,789,000+4.8m
AQR Arbitrage LLC Added +3,275,000+3.3m
Jefferies Financial Group Inc. Added +2,949,000+2.9m

Biggest sellers

BANK OF MONTREAL /CAN/ Reduced -58,405,000-58.4m
Linden Advisors LP Reduced -37,500,000-37.5m
VOYA INVESTMENT MANAGEMENT LLC Reduced -24,245,000-24.2m
LORD, ABBETT & CO. LLC Reduced -23,906,000-23.9m
Davidson Kempner Capital Management LP Reduced -10,000,000-10.0m
AMERIPRISE FINANCIAL INC Sold out -8,002,000-8.0m
LAZARD ASSET MANAGEMENT LLC Reduced -5,644,000-5.6m
CITADEL ADVISORS LLC Sold out -5,000,000-5.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -4,039,000-4.0m
JPMORGAN CHASE & CO Reduced -3,396,000-3.4m

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 2.03% of their portfolio New York, NY 277,307,000277.3m $241.2m $241.2m 2.03% Reduced -37.5m -37,500,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.14% of their portfolio ATLANTA, GA 156,305,000156.3m $136.1m $136.1m 0.14% Reduced -24.2m -24,245,000
3 WOLVERINE ASSET MANAGEMENT LLC 2.33% of their portfolio CHICAGO, IL 148,752,000148.8m $129.7m $129.7m 2.33% Added +807.0k +807,000
4 Calamos Advisors LLC 0.37% of their portfolio NAPERVILLE, IL 91,071,00091.1m $79.6m $79.6m 0.37% Reduced -14.0k -14,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 1.74% of their portfolio NEW YORK, NY 80,203,00080.2m $69.8m $69.8m 1.74% Added +23.9m +23,917,000
6 Magnetar Financial LLC 0.76% of their portfolio EVANSTON, IL 40,094,00040.1m $34.9m $34.9m 0.76% Added +9.8m +9,828,000
7 Amundi 0.01% of their portfolio Paris, I0 39,104,00039.1m $33.4m $33.4m 0.01% Added +1.1m +1,085,000
8 AQR Arbitrage LLC 0.71% of their portfolio Greenwich, CT 35,055,00035.1m $30.5m $30.5m 0.71% Added +3.3m +3,275,000
9 DeepCurrents Investment Group LLC 0.79% of their portfolio NEW YORK, NY 28,229,00028.2m $24.6m $24.6m 0.79% Added +6.0m +6,029,000
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 26,250,00026.2m $22.9m $22.9m 0.00% Unchanged
11 AVIVA PLC 0.06% of their portfolio LONDON, X0 25,000,00025.0m $21.8m $21.8m 0.06% Unchanged
12 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 22,518,00022.5m $19.5m $19.5m 0.06% Reduced -23.9m -23,906,000
13 Davidson Kempner Capital Management LP 0.38% of their portfolio New York, NY 20,000,00020.0m $17.3m $17.3m 0.38% Reduced -10.0m -10,000,000
14 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 19,382,00019.4m $16.9m $16.9m 0.00% Added +197.0k +197,000
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 17,427,00017.4m $15.1m $15.1m 0.00% Reduced -1.7m -1,723,000
16 SONA ASSET MANAGEMENT (US) LLC 0.69% of their portfolio NEW YORK, NY 15,000,00015.0m $13.1m $13.1m 0.69% New
17 Jefferies Financial Group Inc. 0.17% of their portfolio NEW YORK, NY 12,177,00012.2m $10.6m $10.6m 0.17% Added +2.9m +2,949,000
18 SSI INVESTMENT MANAGEMENT LLC 0.77% of their portfolio Los Angeles, CA 12,052,00012.1m $10.4m $10.4m 0.77% Reduced -547.0k -547,000
19 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 11,846,00011.8m $10.3m $10.3m 0.01% Added +4.8m +4,789,000
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 10,650,00010.7m $9.2m $9.2m 0.00% First filing
21 Western Asset Management Company, LLC 9.03% of their portfolio Pasadena, CA 10,200,00010.2m $8.8m $8.8m 9.03% Unchanged
22 Jump Financial, LLC 0.18% of their portfolio Chicago, IL 10,000,00010.0m $8.7m $8.7m 0.18% Added +5.0m +5,000,000
23 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 8,380,0008.4m $7.3m $7.3m 0.01% Added +8.1m +8,101,000
24 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 8,058,0008.1m $7.0m $7.0m 0.05% Added +1.2m +1,224,000
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,144,0007.1m $6.3m $6.3m 0.00% Reduced -3.4m -3,396,000
26 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 6,312,0006.3m $5.4m $5.4m 0.00% Reduced -1.6m -1,562,000
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,283,6006.3m $5.4m $5.4m 0.00% Added +6.1m +6,132,000
28 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 5,000,0005.0m $4.3m $4.3m 0.00% Unchanged
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,935,0004.9m $4.3m $4.3m 0.00% Added +522.0k +522,000
30 RATIONAL ADVISORS, INC. 0.28% of their portfolio San Juan, PR 3,350,0003.4m $2.9m $2.9m 0.28% Reduced -1.7m -1,670,000
31 PIER 88 INVESTMENT PARTNERS LLC 0.64% of their portfolio SAN FRANCISCO, CA 3,350,0003.4m $2.9m $2.9m 0.64% Reduced -1.7m -1,670,000
32 SHENKMAN CAPITAL MANAGEMENT INC 0.20% of their portfolio NEW YORK, NY 2,901,0002.9m $2.6m $2.6m 0.20% Reduced -524.0k -524,000
33 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,201,0002.2m $1.9m $1.9m 0.00% Reduced -2.9m -2,899,000
34 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.04% of their portfolio CHICAGO, IL 2,000,0002.0m $1.8m $1.8m 0.04% Unchanged
35 Saba Capital Management, L.P. 0.04% of their portfolio NEW YORK, NY 2,000,0002.0m $1.7m $1.7m 0.04% New
36 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,869,0001.9m $1.6m $1.6m 0.00% Reduced -5.6m -5,644,000
37 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 937,000937.0k $815.1k $815.1k 0.00% Reduced -1.9m -1,869,000
38 BASSO CAPITAL MANAGEMENT, L.P. 0.64% of their portfolio STAMFORD, CT 800,000800.0k $692.4k $692.4k 0.64% Unchanged
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 800,000800.0k $697.7k $697.7k 0.00% Unchanged
40 Paloma Partners Management Co 0.03% of their portfolio GREENWICH, CT 750,000750.0k $653.3k $653.3k 0.03% New
41 Central Pacific Bank - Trust Division 0.07% of their portfolio HONOLULU, HI 617,000617.0k $534.0k $534.0k 0.07% Unchanged
42 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 506,000506.0k $443.7k $443.7k 0.00% Reduced -58.4m -58,405,000
43 NOMURA HOLDINGS INC 0.12% of their portfolio TOKYO, M0 398,208398.2k $15.6m $15.6m 0.12% New
44 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 186,000186.0k $162.5k $162.5k 0.01% Reduced -1.0k -1,000
45 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 163,000163.0k $141.1k $141.1k 0.00% Unchanged
46 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 78,00078.0k $67.5k $67.5k 0.00% Reduced -4.0m -4,039,000
47 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 77,00077.0k $66.3k $66.3k 0.00% Added +23.0k +23,000
48 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 65,00065.0k $56.3k $56.3k 0.00% Added +14.0k +14,000
49 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 45,00045.0k $38.9k $38.9k 0.00% Unchanged
50 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 38,00038.0k $32.9k $32.9k 0.00% Unchanged
51 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 29,00029.0k $25.1k $25.1k 0.00% Added +5.0k +5,000
52 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 25,00025.0k $2.2m $2.2m 0.01% Added +5.9k +5,900
53 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 10,00010.0k $8.7k $8.7k 0.00% New
54 SEARLE & CO. 0.08% of their portfolio GREENWICH, CT 8,5008.5k $333.2k $333.2k 0.08% New
55 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 5,0005.0k $4.3k $4.3k 0.00% Unchanged
56 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,5004.5k $3.9k $3.9k 0.00% Added +1.5k +1,500
57 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,3004.3k $4.0k $4.0k 0.00% New
58 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged