Vault-13

DRAFTKINGS INC NEW DKNG 0 03.15.28

NOTE 3/1 · US DOMESTIC · CUSIP 26142RAB0

56 institutional holders +1 vs Q4 2025
83,384,21083.4m shares reported held*
$1.1bnreported value*
9 new 18 added 14 reduced 7 sold out net bought ≈ $34.7m (+70.6m 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 ($17.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.77. Options: 1 managers hold calls ($687.5k notional), 1 hold puts ($201.1k).

Trends to Q1 2026

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: 57Q3 25: 58Q4 25: 55Q1 26: 5656Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 202558
Q4 202555
Q1 202656

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 20 bought or addedQ2 24: 25 cut or sold outQ3 24: 26 bought or addedQ3 24: 27 cut or sold outQ3 24Q4 24: 29 bought or addedQ4 24: 24 cut or sold outQ1 25: 16 bought or addedQ1 25: 34 cut or sold outQ1 25Q2 25: 25 bought or addedQ2 25: 17 cut or sold outQ3 25: 26 bought or addedQ3 25: 28 cut or sold outQ3 25Q4 25: 21 bought or addedQ4 25: 35 cut or sold outQ1 26: 27 bought or addedQ1 26: 21 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242025
Q3 20242627
Q4 20242924
Q1 20251634
Q2 20252517
Q3 20252628
Q4 20252135
Q1 20262721

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ2 25 calls: $274.5kQ2 25 puts: $77.2kQ2 25P/C 0.28Q3 25 calls: $67.3kQ3 25 puts: $78.5kQ3 25P/C 1.17Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $687.5kQ1 26 puts: $201.1kQ1 26P/C 0.29
Numbers
QuarterCallsPutsP/C
Q2 2025$274.5k$77.2k0.28
Q3 2025$67.3k$78.5k1.17
Q4 2025$0$0—
Q1 2026$687.5k$201.1k0.29

Biggest buyers

TUDOR INVESTMENT CORP ET AL New +68,000,000+68.0m
Context Capital Management, LLC New +51,000,000+51.0m
Opti Capital Management, LP Added +47,500,000+47.5m
SONA ASSET MANAGEMENT (US) LLC Added +45,500,000+45.5m
D. E. Shaw & Co., Inc. Added +28,000,000+28.0m
OAKTREE CAPITAL MANAGEMENT LP Added +19,130,000+19.1m
Man Group plc Added +17,000,000+17.0m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +16,096,000+16.1m
Fort Baker Capital Management LP New +12,500,000+12.5m
BlackRock, Inc. Added +5,175,000+5.2m

Biggest sellers

TUDOR INVESTMENT CORP ET AL Sold out -68,000,000-68.0m
Linden Advisors LP Sold out -55,278,000-55.3m
WOLVERINE ASSET MANAGEMENT LLC Reduced -53,468,000-53.5m
Calamos Advisors LLC Reduced -49,394,000-49.4m
LAZARD ASSET MANAGEMENT LLC Sold out -34,430,000-34.4m
AQR Arbitrage LLC Reduced -17,722,000-17.7m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -16,385,000-16.4m
Balyasny Asset Management L.P. Reduced -10,000,000-10.0m
BARCLAYS PLC Reduced -6,436,000-6.4m
Verition Fund Management LLC Reduced -5,000,000-5.0m

Biggest calls

Limestone Investment Advisors LP New $687.5k31.8k shares

Biggest puts

Limestone Investment Advisors LP New $201.1k9.3k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.16% of their portfolio ATLANTA, GA 169,805,000169.8m $153.2m $153.2m 0.16% Unchanged
2 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 116,500,000116.5m $105.1m $105.1m 0.08% Added +28.0m +28,000,000
3 AQR Arbitrage LLC 1.29% of their portfolio Greenwich, CT 87,300,00087.3m $78.7m $78.7m 1.29% Reduced -17.7m -17,722,000
4 Opti Capital Management, LP 5.37% of their portfolio New York, NY 82,250,00082.2m $74.5m $74.5m 5.37% Added +47.5m +47,500,000
5 SONA ASSET MANAGEMENT (US) LLC 2.71% of their portfolio NEW YORK, NY 78,400,00078.4m $70.7m $70.7m 2.71% Added +45.5m +45,500,000
6 DeepCurrents Investment Group LLC 2.87% of their portfolio NEW YORK, NY 77,164,00077.2m $69.7m $69.7m 2.87% Unchanged
7 TUDOR INVESTMENT CORP ET AL 0.33% of their portfolio STAMFORD, CT 68,000,00068.0m $61.5m $61.5m 0.33% New
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 66,565,00066.6m $59.9m $59.9m 0.00% Added +5.2m +5,175,000
9 Man Group plc 0.10% of their portfolio LONDON, X0 54,500,00054.5m $49.2m $49.2m 0.10% Added +17.0m +17,000,000
10 Context Capital Management, LLC 1.06% of their portfolio LAJOLLA, CA 51,000,00051.0m $46.0m $46.0m 1.06% New
11 TENOR CAPITAL MANAGEMENT Co., L.P. 0.64% of their portfolio NEW YORK, NY 46,096,00046.1m $41.6m $41.6m 0.64% Added +16.1m +16,096,000
12 OAKTREE CAPITAL MANAGEMENT LP 0.68% of their portfolio LOS ANGELES, CA 44,355,00044.4m $40.0m $40.0m 0.68% Added +19.1m +19,130,000
13 WOLVERINE ASSET MANAGEMENT LLC 0.60% of their portfolio CHICAGO, IL 42,878,00042.9m $38.7m $38.7m 0.60% Reduced -53.5m -53,468,000
14 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 40,452,00040.5m $36.5m $36.5m 0.14% Reduced -49.4m -49,394,000
15 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 34,228,00034.2m $30.8m $30.8m 0.06% Added +280.0k +280,000
16 ADVENT CAPITAL MANAGEMENT /DE/ 0.87% of their portfolio NEW YORK, NY 32,652,00032.7m $29.5m $29.5m 0.87% Reduced -16.4m -16,385,000
17 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 27,657,00027.7m $24.9m $24.9m 0.00% Added +500.0k +500,000
18 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 23,500,00023.5m $21.1m $21.1m 0.01% Unchanged
19 Verition Fund Management LLC 0.13% of their portfolio GREENWICH, CT 15,000,00015.0m $13.5m $13.5m 0.13% Reduced -5.0m -5,000,000
20 Fort Baker Capital Management LP 1.00% of their portfolio Larkspur, CA 12,500,00012.5m $11.3m $11.3m 1.00% New
21 Walleye Capital LLC 0.06% of their portfolio NEW YORK, NY 11,500,00011.5m $10.4m $10.4m 0.06% Reduced -2.0m -2,000,000
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 10,763,00010.8m $9.7m $9.7m 0.00% Reduced -1.5m -1,532,400
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,063,0008.1m $7.3m $7.3m 0.00% Added +2.5m +2,509,000
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,803,0007.8m $7.0m $7.0m 0.00% Added +4.9m +4,948,000
25 KIM, LLC 1.00% of their portfolio WICHITA, KS 7,500,0007.5m $6.8m $6.8m 1.00% Added +3.5m +3,500,000
26 FMR LLC 0.00% of their portfolio BOSTON, MA 7,181,0007.2m $6.5m $6.5m 0.00% Unchanged
27 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 6,434,0006.4m $5.8m $5.8m 0.01% Added +1.5m +1,509,000
28 RATIONAL ADVISORS, INC. 0.53% of their portfolio San Juan, PR 5,780,0005.8m $5.2m $5.2m 0.53% Unchanged
29 PIER 88 INVESTMENT PARTNERS LLC 1.33% of their portfolio SAN FRANCISCO, CA 5,780,0005.8m $5.2m $5.2m 1.33% Unchanged
30 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 4,626,0004.6m $4.2m $4.2m 0.01% Added +74.0k +74,000
31 SSI INVESTMENT MANAGEMENT LLC 0.29% of their portfolio Los Angeles, CA 4,597,0004.6m $4.1m $4.1m 0.29% New
32 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $2.7m $2.7m 0.01% Unchanged
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,500,0002.5m $2.2m $2.2m 0.00% Unchanged
34 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,500,0002.5m $2.2m $2.2m 0.00% New
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,322,0002.3m $2.1m $2.1m 0.00% Added +574.0k +574,000
36 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 2,000,0002.0m $1.8m $1.8m 0.00% Added +1.2m +1,249,000
37 PALISADE CAPITAL MANAGEMENT, LP 0.06% of their portfolio FORT LEE, NJ 2,000,0002.0m $1.8m $1.8m 0.06% New
38 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 1,777,0001.8m $1.6m $1.6m 0.00% Unchanged
39 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,458,0001.5m $1.3m $1.3m 0.00% Reduced -761.0k -761,000
40 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 1,000,0001.0m $902.3k $902.3k 0.00% Reduced -10.0m -10,000,000
41 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 550,000550.0k $496.6k $496.6k 0.00% New
42 Ares Systematic Credit Ltd 0.29% of their portfolio LONDON, X0 400,000400.0k $360.8k $360.8k 0.29% Unchanged
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 370,500370.5k $333.4k $333.4k 0.00% Added +86.0k +86,000
44 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 146,000146.0k $131.4k $131.4k 0.00% Unchanged
45 Amundi 0.00% of their portfolio Paris, I0 125,000125.0k $112.5k $112.5k 0.00% Unchanged
46 Calamos Wealth Management LLC 0.00% of their portfolio NAPERVILLE, IL 100,000100.0k $90.3k $90.3k 0.00% Reduced -25.0k -25,000
47 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 73,00073.0k $65.6k $65.6k 0.00% Reduced -6.4m -6,436,000
48 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 24,00024.0k $21.7k $21.7k 0.00% Reduced -42.0k -42,000
49 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 20,00020.0k $18.0k $18.0k 0.00% Reduced -4.0k -4,000
50 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 18,00018.0k $16.2k $16.2k 0.00% Unchanged
51 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 13,10013.1k $1.2m $1.2m 0.00% Added +3.3k +3,300
52 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 11,00011.0k $9.9k $9.9k 0.00% Reduced -9.0k -9,000
53 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 5,0005.0k $4.5k $4.5k 0.00% Unchanged
54 Limestone Investment Advisors LP 0.02% of their portfolio NEW YORK, NY 2,0102.0k $43.5k $43.5k 0.02% New
55 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,0002.0k $2.0k $2.0k 0.00% New
56 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 200200 $179.6k $179.6k 0.01% Unchanged