DRAFTKINGS INC NEW DKNG
COM CL A · Common Stock · CUSIP 26142V105 · ISIN US26142V1052
Daily fantasy sports content provider
- SectorConsumer discretionary
- IndustryServices-Miscellaneous Amusement & Recreation
- HeadquartersBoston, MA
- Founded2011
- Websitedraftkings.com
- FilingsSEC EDGAR
* 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 ($130.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.39. Options: 56 managers hold calls ($1.3bn notional), 42 hold puts ($1.2bn).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 507 |
| Q4 2022 | 485 |
| Q1 2023 | 513 |
| Q2 2023 | 591 |
| Q3 2023 | 651 |
| Q4 2023 | 750 |
| Q1 2024 | 818 |
| Q2 2024 | 802 |
| Q3 2024 | 771 |
| Q4 2024 | 805 |
| Q1 2025 | 816 |
| Q2 2025 | 848 |
| Q3 2025 | 835 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 346 | 306 |
| Q1 2024 | 403 | 361 |
| Q2 2024 | 416 | 349 |
| Q3 2024 | 371 | 373 |
| Q4 2024 | 341 | 371 |
| Q1 2025 | 434 | 338 |
| Q2 2025 | 423 | 378 |
| Q3 2025 | 413 | 367 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $1.3bn | $873.9m | 0.70 |
| Q1 2025 | $1.3bn | $770.8m | 0.60 |
| Q2 2025 | $1.4bn | $992.7m | 0.70 |
| Q3 2025 | $1.3bn | $1.2bn | 0.98 |
Biggest buyers
| VIKING GLOBAL INVESTORS LP | New | +15.0m |
| AQR CAPITAL MANAGEMENT LLC | Added | +4.5m |
| Squarepoint Ops LLC | New | +2.2m |
| FMR LLC | Added | +1.9m |
| JANE STREET GROUP, LLC | Added | +1.7m |
| EMINENCE CAPITAL, LP | Added | +1.5m |
| Balyasny Asset Management L.P. | Added | +1.5m |
| PEAK6 LLC | New | +1.4m |
| Contour Asset Management LLC | Added | +1.3m |
| WELLS FARGO & COMPANY/MN | Added | +1.2m |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -7.0m |
| Whale Rock Capital Management LLC | Sold out | -5.3m |
| FRANKLIN RESOURCES INC | Reduced | -4.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -3.8m |
| SAMLYN CAPITAL, LLC | Reduced | -2.6m |
| Anomaly Capital Management, LP | Sold out | -2.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.8m |
| Alyeska Investment Group, L.P. | Reduced | -1.7m |
| Schonfeld Strategic Advisors LLC | Reduced | -1.3m |
| Wolf Hill Capital Management, LP | Sold out | -1.3m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $291.9m7.8m shares |
| UBS Group AG | Added | $160.9m4.3m shares |
| JANE STREET GROUP, LLC | Added | $126.9m3.4m shares |
| Walleye Trading LLC | Added | $91.1m2.4m shares |
| CITADEL ADVISORS LLC | Reduced | $77.5m2.1m shares |
| SIMPLEX TRADING, LLC | Added | $55.7m1.5m shares |
| Tidal Investments LLC | New | $46.3m1.2m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $40.5m1.1m shares |
| Jefferies Financial Group Inc. | New | $40.2m1.1m shares |
| IMC-Chicago, LLC | Reduced | $38.7m1.0m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $320.7m8.6m shares |
| PEAK6 LLC | Added | $137.3m3.7m shares |
| CITADEL ADVISORS LLC | Added | $109.5m2.9m shares |
| JANE STREET GROUP, LLC | Added | $105.0m2.8m shares |
| UBS Group AG | Added | $90.7m2.4m shares |
| Walleye Trading LLC | Added | $77.8m2.1m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $52.4m1.4m shares |
| BARCLAYS PLC | New | $50.1m1.3m shares |
| WELLS FARGO & COMPANY/MN | New | $48.6m1.3m shares |
| IMC-Chicago, LLC | Added | $44.1m1.2m 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ 13G · institution new · filed 2026-08-13 | 7.3% |
| AQR CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-08-13 | 6.0% |
| DART KENNETH BRYAN 13G · passive investor new · filed 2026-08-14 | 5.8% |
| JANUS HENDERSON GROUP PLC 13G · institution new · filed 2026-02-17 | 5.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.0% |
Fell to 5% or below in the last year: BlackRock, Inc. (4.4%, 2026-07-28), FMR LLC (1.9%, 2026-05-06), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), JPMORGAN CHASE & CO (4.4%, 2026-03-05)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 5 | $136.8m | $28.7m |
| Q1 2024 | 0 | — | 3 | $87.1m | — |
| Q2 2024 | 0 | — | 4 | $61.0m | $26.1m |
| Q3 2024 | 0 | — | 2 | $45.4m | $32.2m |
| Q4 2024 | 0 | — | 3 | $33.5m | $23.6m |
| Q1 2025 | 0 | — | 6 | $159.8m | $150.8m |
| Q2 2025 | 0 | — | 4 | $27.7m | $27.7m |
| Q3 2025 | 0 | — | 5 | $38.2m | $32.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-02 | Dodge R Stanton Chief Legal Officer | Sold plan | $5.0m105.6k shares |
| 2025-08-21 | Moore Ryan R Director | Sold | $3.5m76.4k shares |
| 2025-08-19 | Ellingson Alan Wayne Chief Financial Officer | Sold | $2.0m44.7k shares |
| 2025-08-15 | Ellingson Alan Wayne Chief Financial Officer | Sold plan | $249.2k5.7k shares |
| 2025-08-13 | Moore Jocelyn Director | Sold plan | $210.0k4.9k shares |
| 2025-08-12 | Kalish Matthew Officer, director | Sold plan | $9.0m210.0k shares |
| 2025-08-11 | Kalish Matthew Officer, director | Sold plan | $9.0m210.0k shares |
| 2025-08-05 | Dodge R Stanton Chief Legal Officer | Sold plan | $4.7m105.6k shares |
| 2025-07-18 | Dodge R Stanton Chief Legal Officer | Sold plan | $4.6m105.6k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 43.4m $1.6bn | Reduced -357.6k |
| BlackRock, Inc. 0.02% of their portfolio | 27.1m $1.0bn | Added +1.1m |
| FMR LLC 0.05% of their portfolio | 24.2m $904.5m | Added +1.9m |
| WELLINGTON MANAGEMENT GROUP LLP 0.13% of their portfolio | 19.5m $730.9m | Reduced -3.8m |
| T. Rowe Price Investment Management, Inc. 0.43% of their portfolio | 18.9m $705.6m | Reduced -35.2k |
| JANUS HENDERSON GROUP PLC 0.29% of their portfolio | 16.8m $627.9m | Added +32.5k |
| VIKING GLOBAL INVESTORS LP 1.46% of their portfolio | 15.0m $561.1m | New |
| AQR CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 11.7m $437.0m | Added +4.5m |
| STATE STREET CORP 0.01% of their portfolio | 9.9m $371.4m | Added +129.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 9.3m $347.0m | Added +288.6k |
| BAILLIE GIFFORD & CO 0.21% of their portfolio | 7.7m $287.5m | Reduced -243.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 7.5m $279.5m | Added +79.2k |
| Capital World Investors 0.03% of their portfolio | 6.6m $247.5m | Added +138.9k |
| EMINENCE CAPITAL, LP 3.45% of their portfolio | 6.3m $234.7m | Added +1.5m |
| Atlas Venture Advisors, Inc. 45.45% of their portfolio | 5.3m $199.0m | Unchanged |
| MORGAN STANLEY 0.01% of their portfolio | 5.2m $193.4m | Added +129.1k |
| BROWN ADVISORY INC 0.21% of their portfolio | 4.3m $159.3m | Added +202.7k |
| Capital Research Global Investors 0.03% of their portfolio | 4.2m $158.7m | Reduced -641.6k |
| BAMCO INC /NY/ 0.41% of their portfolio | 4.1m $153.6m | Added +435.5k |
| Invesco Ltd. 0.02% of their portfolio | 4.1m $153.2m | Added +131.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 3.9m $147.2m | Reduced -1.3m |
| UBS Group AG 0.03% of their portfolio | 3.8m $143.6m | Added +1.1m |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 3.6m $136.2m | Added +21.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.4m $128.7m | Reduced -424.8k |
| ARK Investment Management LLC 0.77% of their portfolio | 3.4m $128.6m | Reduced -1.0m |
| NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio | 3.3m $124.6m | Reduced -353.5k |
| DAVENPORT & Co LLC 0.63% of their portfolio | 3.1m $116.3m | Reduced -130.8k |
| Balyasny Asset Management L.P. 0.23% of their portfolio | 3.0m $113.1m | Added +1.5m |
| Amova Asset Management Americas, Inc. 1.09% of their portfolio | 3.0m $112.7m | Reduced -1.2m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.15% of their portfolio | 2.7m $102.4m | Added +470.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.7m $101.6m | Added +79.1k |
| Clearbridge Investments, LLC 0.08% of their portfolio | 2.7m $100.8m | Reduced -32.5k |
| MACQUARIE GROUP LTD 0.12% of their portfolio | 2.7m $100.2m | Added +23 |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 2.6m $97.2m | Reduced -739.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.4m $90.9m | Added +1.1m |
| Contour Asset Management LLC 2.27% of their portfolio | 2.4m $90.5m | Added +1.3m |
| D. E. Shaw & Co., Inc. 0.07% of their portfolio | 2.4m $90.2m | Added +992.0k |
| SAMLYN CAPITAL, LLC 1.27% of their portfolio | 2.4m $89.2m | Reduced -2.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.3m $86.4m | Reduced -1.2m |
| Squarepoint Ops LLC 0.17% of their portfolio | 2.2m $80.7m | New |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.33% of their portfolio | 2.1m $77.8m | Reduced -562.9k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 2.1m $77.0m | Added +1.2m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 2.0m $75.1m | Reduced -708.0k |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 2.0m $73.6m | Added +1.7m |
| CITIGROUP INC 0.05% of their portfolio | 1.9m $72.5m | Added +270.1k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 1.9m $71.9m | Added +419.3k |
| IEQ CAPITAL, LLC 0.22% of their portfolio | 1.9m $70.8m | Added +248.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.7m $65.1m | Added +2.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.7m $63.8m | Reduced -366.0k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.7m $63.7m | Reduced -977 |
| FEDERATED HERMES, INC. 0.11% of their portfolio | 1.7m $62.6m | Reduced -81.8k |
| ArrowMark Colorado Holdings LLC 1.15% of their portfolio | 1.7m $61.8m | Reduced -43.2k |
| CIBC Private Wealth Group LLC 0.10% of their portfolio | 1.6m $60.8m | Reduced -28.0k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.6m $58.8m | Reduced -87.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.5m $55.5m | Added +627.9k |
| TD Asset Management Inc 0.04% of their portfolio | 1.5m $55.2m | Reduced -42.3k |
| Legal & General Group Plc 0.01% of their portfolio | 1.5m $54.9m | Added +40.6k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.48% of their portfolio | 1.4m $53.1m | Added +18.0k |
| PEAK6 LLC 0.69% of their portfolio | 1.4m $52.8m | New |
| CADIAN CAPITAL MANAGEMENT, LP 3.09% of their portfolio | 1.4m $51.9m | Added +1.2m |
| Nuveen, LLC 0.01% of their portfolio | 1.3m $50.3m | Reduced -28.5k |
| Swiss National Bank 0.03% of their portfolio | 1.3m $48.2m | Reduced -74.4k |
| Baird Financial Group, Inc. 0.07% of their portfolio | 1.2m $44.3m | Reduced -189.8k |
| Amundi 0.01% of their portfolio | 1.2m $41.1m | Added +560.8k |
| BARCLAYS PLC 0.02% of their portfolio | 1.1m $42.9m | Added +201.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.1m $42.8m | Reduced -10.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $42.4m | Reduced -106.2k |
| Owl Creek Asset Management, L.P. 4.81% of their portfolio | 1.1m $42.4m | Added +229.1k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 1.1m $39.2m | Reduced -935.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 1.1m $40.7m | Reduced -134.9k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.1m $40.3m | Reduced -7.0m |
| Davidson Kempner Capital Management LP 0.53% of their portfolio | 1.0m $38.2m | Unchanged |
| Jefferies Financial Group Inc. 0.35% of their portfolio | 1.0m $38.0m | Added +1.0m |
| PEREGRINE CAPITAL MANAGEMENT LLC 1.08% of their portfolio | 957.0k $35.8m | Reduced -19.8k |
| US BANCORP \DE\ 0.04% of their portfolio | 909.8k $34.0m | Reduced -13.8k |
| Ardmore Road Asset Management LP 2.17% of their portfolio | 900.0k $33.7m | Added +50.0k |
| Bridgewater Associates, LP 0.12% of their portfolio | 852.5k $31.9m | Added +446.7k |
| California Public Employees Retirement System 0.02% of their portfolio | 836.0k $31.3m | Added +204.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 822.1k $30.7m | Added +57.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 736.3k $27.5m | Added +782 |
| Columbus Hill Capital Management, L.P. 3.52% of their portfolio | 713.6k $26.7m | Reduced -470.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 683.0k $25.5m | Added +119.5k |
| Shellback Capital, LP 1.54% of their portfolio | 650.0k $24.3m | Added +100.0k |
| TREMBLANT CAPITAL GROUP 2.42% of their portfolio | 628.1k $23.5m | Added +39.1k |
| BWCP, LP 3.94% of their portfolio | 608.7k $22.8m | Reduced -13.5k |
| Empower Advisory Group, LLC 0.06% of their portfolio | 607.9k $22.7m | New |
| Paralel Advisors LLC 0.87% of their portfolio | 600.0k $22.4m | Unchanged |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 595.0k $22.3m | Reduced -8.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 573.8k $21.5m | Added +4.4k |
| Hodges Capital Management Inc. 1.85% of their portfolio | 572.9k $21.4m | Added +3.2k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 567.4k $21.2m | Reduced -1.8m |
| Bienville Capital Management, LLC 3.98% of their portfolio | 558.8k $20.9m | Reduced -111.6k |
| Cresset Asset Management, LLC 0.09% of their portfolio | 554.5k $20.7m | Reduced -1.2k |
| BLAIR WILLIAM & CO/IL 0.06% of their portfolio | 553.6k $20.7m | Reduced -3.0k |
| ATWOOD & PALMER INC 1.19% of their portfolio | 542.1k $20.3m | Added +1.5k |
| Interval Partners, LP 0.43% of their portfolio | 535.7k $20.0m | Reduced -71.5k |
| Jain Global LLC 0.26% of their portfolio | 530.4k $19.8m | Reduced -1.1m |
| Susquehanna Portfolio Strategies, LLC 0.31% of their portfolio | 519.3k $19.4m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 514.1k $19.2m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 491.0k $18.4m | Reduced -62.0k |