Vault-13

DRAFTKINGS INC NEW DKNG 0 03.15.28

NOTE 3/1 · US DOMESTIC · CUSIP 26142RAB0

57 institutional holders +4 vs Q1 2025
23,684,40823.7m shares reported held*
$1.0bnreported value*
9 new 16 added 13 reduced 4 sold out net sold ≈ $228.7m (+1.8m 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. Holder counts are more reliable. Implied quarter-end price ≈ $43.24. Options: 1 managers hold calls ($274.5k notional), 1 hold puts ($77.2k).

Trends to Q2 2025

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: 58Q4 24: 57Q1 25: 53Q2 25: 5757Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202253
Q4 202254
Q1 202351
Q2 202352
Q3 202353
Q4 202349
Q1 202452
Q2 202460
Q3 202458
Q4 202457
Q1 202553
Q2 202557

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 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 24Q3 24: 26 bought or addedQ3 24: 27 cut or sold outQ4 24: 29 bought or addedQ4 24: 24 cut or sold outQ4 24Q1 25: 16 bought or addedQ1 25: 34 cut or sold outQ2 25: 25 bought or addedQ2 25: 17 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232227
Q4 20232420
Q1 20242913
Q2 20242025
Q3 20242627
Q4 20242924
Q1 20251634
Q2 20252517

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $274.5kQ2 25 puts: $77.2kQ2 25P/C 0.28
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$274.5k$77.2k0.28

Biggest buyers

AQR Arbitrage LLC Added +46,468,000+46.5m
MILLENNIUM MANAGEMENT LLC Added +29,267,000+29.3m
Wellesley Asset Management New +20,000,000+20.0m
SONA ASSET MANAGEMENT (US) LLC Added +15,400,000+15.4m
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Added +15,000,000+15.0m
BANK OF AMERICA CORP /DE/ Added +9,931,000+9.9m
BNP PARIBAS FINANCIAL MARKETS Added +6,965,000+7.0m
LAZARD ASSET MANAGEMENT LLC Added +5,534,000+5.5m
SOROS FUND MANAGEMENT LLC New +5,500,000+5.5m
Thrivent Financial for Lutherans Added +5,380,000+5.4m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -283,805,000-283.8m
Amundi Reduced -38,754,000-38.8m
WOLVERINE ASSET MANAGEMENT LLC Reduced -35,604,000-35.6m
WELLINGTON MANAGEMENT GROUP LLP Reduced -17,687,000-17.7m
Linden Advisors LP Reduced -12,889,000-12.9m
Point72 Asset Management, L.P. Sold out -12,500,000-12.5m
Calamos Advisors LLC Reduced -12,162,000-12.2m
Magnetar Financial LLC Sold out -9,594,000-9.6m
SSI INVESTMENT MANAGEMENT LLC Reduced -7,548,000-7.5m
RWC Asset Management LLP Sold out -3,500,000-3.5m

Biggest calls

Limestone Investment Advisors LP First filing $274.5k6.4k shares

Biggest puts

Limestone Investment Advisors LP First filing $77.2k1.8k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.34% of their portfolio New York, NY 243,873,000243.9m $218.9m $218.9m 1.34% Reduced -12.9m -12,889,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.13% of their portfolio ATLANTA, GA 150,805,000150.8m $135.6m $135.6m 0.13% Reduced -283.8m -283,805,000
3 WOLVERINE ASSET MANAGEMENT LLC 1.55% of their portfolio CHICAGO, IL 103,148,000103.1m $92.7m $92.7m 1.55% Reduced -35.6m -35,604,000
4 Calamos Advisors LLC 0.35% of their portfolio NAPERVILLE, IL 89,874,00089.9m $80.7m $80.7m 0.35% Reduced -12.2m -12,162,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 1.56% of their portfolio NEW YORK, NY 78,967,00079.0m $71.0m $71.0m 1.56% Added +2.0m +1,952,000
6 AQR Arbitrage LLC 1.34% of their portfolio Greenwich, CT 63,402,00063.4m $57.0m $57.0m 1.34% Added +46.5m +46,468,000
7 BlackRock, Inc. 0.00% of their portfolio New York, NY 51,450,00051.5m $46.0m $46.0m 0.00% Added +140.0k +140,000
8 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 38,619,00038.6m $34.8m $34.8m 0.03% Added +29.3m +29,267,000
9 DeepCurrents Investment Group LLC 1.03% of their portfolio NEW YORK, NY 31,229,00031.2m $28.0m $28.0m 1.03% Added +5.0m +5,000,000
10 SONA ASSET MANAGEMENT (US) LLC 0.92% of their portfolio NEW YORK, NY 30,400,00030.4m $27.3m $27.3m 0.92% Added +15.4m +15,400,000
11 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 29,020,00029.0m $26.0m $26.0m 0.06% Added +5.4m +5,380,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,607,00024.6m $22.0m $22.0m 0.00% Reduced -2.2m -2,200,000
13 Wellesley Asset Management 1.71% of their portfolio PORTSMOUTH, NH 20,000,00020.0m $17.9m $17.9m 1.71% New
14 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.42% of their portfolio CHICAGO, IL 17,000,00017.0m $15.3m $15.3m 0.42% Added +15.0m +15,000,000
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 16,883,40016.9m $15.1m $15.1m 0.00% Added +9.9m +9,931,000
16 Jefferies Financial Group Inc. 0.20% of their portfolio NEW YORK, NY 13,423,00013.4m $12.0m $12.0m 0.20% Added +3.9m +3,907,000
17 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 12,409,00012.4m $11.1m $11.1m 0.01% Unchanged
18 FMR LLC 0.00% of their portfolio BOSTON, MA 11,272,00011.3m $10.1m $10.1m 0.00% Unchanged
19 RATIONAL ADVISORS, INC. 0.77% of their portfolio San Juan, PR 8,650,0008.7m $7.7m $7.7m 0.77% Unchanged
20 PIER 88 INVESTMENT PARTNERS LLC 1.44% of their portfolio SAN FRANCISCO, CA 8,650,0008.7m $7.7m $7.7m 1.44% Unchanged
21 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 7,480,0007.5m $6.7m $6.7m 0.00% Reduced -17.7m -17,687,000
22 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 7,265,0007.3m $6.5m $6.5m 0.01% Added +7.0m +6,965,000
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,931,0006.9m $6.2m $6.2m 0.00% Added +4.4m +4,360,000
24 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 6,297,0006.3m $5.7m $5.7m 0.01% Added +5.5m +5,534,000
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,902,0005.9m $5.3m $5.3m 0.00% Unchanged
26 SOROS FUND MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 5,500,0005.5m $4.9m $4.9m 0.08% New
27 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 4,770,0004.8m $4.3m $4.3m 0.01% Reduced -83.0k -83,000
28 Western Asset Management Company, LLC 5.54% of their portfolio Pasadena, CA 4,700,0004.7m $4.2m $4.2m 5.54% Reduced -990.0k -990,000
29 SSI INVESTMENT MANAGEMENT LLC 0.29% of their portfolio Los Angeles, CA 4,648,0004.6m $4.2m $4.2m 0.29% Reduced -7.5m -7,548,000
30 KIM, LLC 0.37% of their portfolio WICHITA, KS 4,000,0004.0m $3.6m $3.6m 0.37% New
31 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 3,062,0003.1m $2.8m $2.8m 0.00% Unchanged
32 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,500,0002.5m $2.2m $2.2m 0.00% New
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,374,0002.4m $2.1m $2.1m 0.00% Added +2.0m +2,005,000
34 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 2,000,0002.0m $1.8m $1.8m 0.00% New
35 Saba Capital Management, L.P. 0.05% of their portfolio NEW YORK, NY 2,000,0002.0m $1.8m $1.8m 0.05% Unchanged
36 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 1,777,0001.8m $1.6m $1.6m 0.00% Unchanged
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,203,0001.2m $1.1m $1.1m 0.00% Reduced -3.4m -3,400,000
38 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 950,000950.0k $852.3k $852.3k 0.00% Unchanged
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 500,500500.5k $447.7k $447.7k 0.00% Added +496.0k +496,000
40 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 500,000500.0k $445.9k $445.9k 0.00% Added +500.0k +500,000
41 NOMURA HOLDINGS INC 0.14% of their portfolio TOKYO, M0 398,208398.2k $17.1m $17.1m 0.14% Unchanged
42 Amundi 0.00% of their portfolio Paris, I0 275,000275.0k $246.0k $246.0k 0.00% Reduced -38.8m -38,754,000
43 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $179.5k $179.5k 0.00% Reduced -200.0k -200,000
44 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 146,000146.0k $130.6k $130.6k 0.00% Unchanged
45 Calamos Wealth Management LLC 0.00% of their portfolio NAPERVILLE, IL 125,000125.0k $112.2k $112.2k 0.00% Reduced -33.0k -33,000
46 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 102,000102.0k $91.2k $91.2k 0.00% New
47 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 53,00053.0k $47.5k $47.5k 0.00% New
48 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 42,00042.0k $37.6k $37.6k 0.00% New
49 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 36,00036.0k $32.2k $32.2k 0.00% Unchanged
50 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 26,00026.0k $23.2k $23.2k 0.00% New
51 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 22,00022.0k $19.7k $19.7k 0.00% Unchanged
52 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 21,80021.8k $2.0m $2.0m 0.01% Unchanged
53 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 13,00013.0k $11.6k $11.6k 0.00% Unchanged
54 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 11,00011.0k $9.8k $9.8k 0.00% Unchanged
55 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 5,0005.0k $4.5k $4.5k 0.00% Unchanged
56 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 200200 $179.5k $179.5k 0.01% Unchanged
57 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged