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 ($136.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $34.40. Options: 48 managers hold calls ($1.3bn notional), 39 hold puts ($910.1m).
Trends to Q4 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 |
| Q4 2025 | 822 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 363 | 432 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $1.3bn | $770.8m | 0.60 |
| Q2 2025 | $1.4bn | $992.7m | 0.70 |
| Q3 2025 | $1.3bn | $1.2bn | 0.98 |
| Q4 2025 | $1.3bn | $910.1m | 0.70 |
Biggest buyers
| Capital World Investors | Added | +12.0m |
| CITADEL ADVISORS LLC | Added | +9.3m |
| JANUS HENDERSON GROUP PLC | Added | +8.5m |
| AQR CAPITAL MANAGEMENT LLC | Added | +4.8m |
| CADIAN CAPITAL MANAGEMENT, LP | Added | +4.1m |
| VIKING GLOBAL INVESTORS LP | Added | +4.1m |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC | Added | +3.9m |
| MORGAN STANLEY | Added | +3.1m |
| AMERIPRISE FINANCIAL INC | Added | +2.6m |
| FMR LLC | Added | +2.4m |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -19.1m |
| MACQUARIE GROUP LTD | Reduced | -2.7m |
| Clearbridge Investments, LLC | Reduced | -2.6m |
| Contour Asset Management LLC | Sold out | -2.4m |
| SAMLYN CAPITAL, LLC | Sold out | -2.4m |
| NEUBERGER BERMAN GROUP LLC | Reduced | -2.1m |
| Balyasny Asset Management L.P. | Reduced | -1.9m |
| BROWN ADVISORY INC | Reduced | -1.5m |
| JANE STREET GROUP, LLC | Reduced | -1.2m |
| Baird Financial Group, Inc. | Sold out | -1.2m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $302.2m8.8m shares |
| UBS Group AG | Added | $148.4m4.3m shares |
| CITADEL ADVISORS LLC | Added | $141.5m4.1m shares |
| JANE STREET GROUP, LLC | Reduced | $114.7m3.3m shares |
| Walleye Trading LLC | Reduced | $78.3m2.3m shares |
| IMC-Chicago, LLC | Added | $58.9m1.7m shares |
| SIMPLEX TRADING, LLC | Added | $56.8m1.6m shares |
| JPMORGAN CHASE & CO | New | $46.2m1.3m shares |
| Tidal Investments LLC | Reduced | $41.4m1.2m shares |
| BARCLAYS PLC | Added | $38.0m1.1m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $123.7m3.6m shares |
| UBS Group AG | Added | $117.7m3.4m shares |
| D. E. Shaw & Co., Inc. | Added | $99.5m2.9m shares |
| JANE STREET GROUP, LLC | Reduced | $69.5m2.0m shares |
| CITADEL ADVISORS LLC | Reduced | $64.5m1.9m shares |
| Walleye Trading LLC | Reduced | $55.9m1.6m shares |
| PEAK6 LLC | Reduced | $48.6m1.4m shares |
| BARCLAYS PLC | Reduced | $38.4m1.1m shares |
| JPMORGAN CHASE & CO | Added | $35.5m1.0m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $34.5m1.0m 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2025 | 2 | $1.1m | 2 | $5.4m | $5.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-01 | Dodge R Stanton Chief Legal Officer | Sold plan | $1.8m52.8k shares |
| 2025-11-14 | Ellingson Alan Wayne Chief Financial Officer | Sold plan | $246.1k8.4k shares |
| 2025-11-11 | SLOAN HARRY Director | Bought | $757.5k25.0k shares |
| 2025-11-11 | Wendt Gregory Westin Director | Bought | $302.7k10.0k shares |
| 2025-11-06 | Dodge R Stanton Chief Legal Officer | Sold plan | $1.5m52.8k shares |
| 2025-10-17 | Dodge R Stanton Chief Legal Officer | Sold plan | $1.8m52.8k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 44.8m $1.5bn | Added +1.4m |
| FMR LLC 0.05% of their portfolio | 26.6m $916.6m | Added +2.4m |
| BlackRock, Inc. 0.02% of their portfolio | 26.4m $908.2m | Reduced -778.3k |
| JANUS HENDERSON GROUP PLC 0.38% of their portfolio | 25.3m $858.9m | Added +8.5m |
| VIKING GLOBAL INVESTORS LP 1.75% of their portfolio | 19.1m $658.9m | Added +4.1m |
| T. Rowe Price Investment Management, Inc. 0.26% of their portfolio | 18.8m $646.5m | Reduced -105.3k |
| Capital World Investors 0.09% of their portfolio | 18.6m $641.9m | Added +12.0m |
| AQR CAPITAL MANAGEMENT LLC 0.30% of their portfolio | 16.5m $567.7m | Added +4.8m |
| CITADEL ADVISORS LLC 0.24% of their portfolio | 10.4m $357.4m | Added +9.3m |
| STATE STREET CORP 0.01% of their portfolio | 10.0m $345.6m | Added +96.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 9.5m $326.4m | Added +192.2k |
| EMINENCE CAPITAL, LP 4.59% of their portfolio | 8.4m $290.4m | Added +2.2m |
| NORGES BANK 0.03% of their portfolio | 8.3m $284.5m | Not comparable |
| MORGAN STANLEY 0.02% of their portfolio | 8.2m $283.4m | Added +3.1m |
| BAILLIE GIFFORD & CO 0.21% of their portfolio | 7.5m $256.9m | Reduced -232.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 7.4m $255.2m | Reduced -68.0k |
| Capital Research Global Investors 0.04% of their portfolio | 6.6m $228.0m | Added +2.4m |
| CADIAN CAPITAL MANAGEMENT, LP 13.75% of their portfolio | 5.5m $190.4m | Added +4.1m |
| Atlas Venture Advisors, Inc. 95.70% of their portfolio | 5.3m $183.3m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 5.2m $178.2m | Added +2.6m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 4.7m $162.4m | Added +1.3m |
| BAMCO INC /NY/ 0.44% of their portfolio | 4.7m $161.1m | Added +568.5k |
| ARK Investment Management LLC 1.04% of their portfolio | 4.5m $156.5m | Added +1.1m |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 4.4m $150.6m | Added +434.0k |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 4.20% of their portfolio | 4.2m $144.9m | Added +3.9m |
| UBS Group AG 0.03% of their portfolio | 3.7m $128.0m | Reduced -124.7k |
| Invesco Ltd. 0.01% of their portfolio | 3.6m $123.7m | Reduced -505.1k |
| Amova Asset Management Americas, Inc. 1.41% of their portfolio | 3.5m $121.9m | Added +523.6k |
| DAVENPORT & Co LLC 0.65% of their portfolio | 3.5m $119.6m | Added +348.3k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 3.3m $115.7m | Reduced -303.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.8m $95.8m | Added +61.6k |
| BROWN ADVISORY INC 0.13% of their portfolio | 2.7m $93.5m | Reduced -1.5m |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 2.5m $85.6m | Added +424.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.4m $84.2m | Added +133.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio | 2.4m $82.1m | Reduced -353.2k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.34% of their portfolio | 2.4m $82.1m | Added +302.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.4m $81.5m | Reduced -66.6k |
| D. E. Shaw & Co., Inc. 0.06% of their portfolio | 2.1m $73.6m | Reduced -276.1k |
| IEQ CAPITAL, LLC 0.22% of their portfolio | 2.1m $72.8m | Added +219.2k |
| Holocene Advisors, LP 0.13% of their portfolio | 1.8m $63.1m | New |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio | 1.7m $60.1m | Added +1.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.7m $59.6m | Added +24.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 1.7m $57.4m | Added +1.5m |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 1.6m $55.7m | Reduced -305.1k |
| Nuveen, LLC 0.01% of their portfolio | 1.6m $54.7m | Added +242.1k |
| Legal & General Group Plc 0.01% of their portfolio | 1.5m $51.7m | Added +32.7k |
| ArrowMark Colorado Holdings LLC 1.07% of their portfolio | 1.4m $48.4m | Reduced -246.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.3m $45.7m | Reduced -682.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio | 1.3m $45.3m | Added +879.2k |
| PEREGRINE CAPITAL MANAGEMENT LLC 1.35% of their portfolio | 1.3m $44.0m | Added +318.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.2m $42.3m | Reduced -511.9k |
| Swiss National Bank 0.03% of their portfolio | 1.2m $42.2m | Reduced -63.1k |
| CITIGROUP INC 0.03% of their portfolio | 1.2m $41.1m | Reduced -746.1k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 1.2m $41.1m | Reduced -2.1m |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.2m $40.8m | Reduced -518.2k |
| Solel Partners LP 6.58% of their portfolio | 1.2m $40.7m | New |
| PEAK6 LLC 0.54% of their portfolio | 1.1m $39.4m | Reduced -269.0k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 1.1m $39.1m | Reduced -1.9m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.1m $38.8m | Reduced -15.9k |
| Two Creeks Capital Management, LP 3.17% of their portfolio | 1.1m $38.6m | New |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $38.1m | Reduced -27.1k |
| CIBC Private Wealth Group LLC 0.06% of their portfolio | 1.1m $36.8m | Reduced -558.9k |
| Jain Global LLC 0.35% of their portfolio | 1.1m $36.2m | Added +520.7k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.0m $36.0m | Added +478.4k |
| Ardmore Road Asset Management LP 2.72% of their portfolio | 1.0m $35.9m | Added +142.5k |
| Squarepoint Ops LLC 0.07% of their portfolio | 993.9k $34.3m | Reduced -1.2m |
| TD Asset Management Inc 0.03% of their portfolio | 930.1k $32.1m | Reduced -546.9k |
| Bienville Capital Management, LLC 4.96% of their portfolio | 905.8k $31.2m | Added +347.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 882.9k $30.4m | Added +723.1k |
| BARCLAYS PLC 0.01% of their portfolio | 867.0k $29.9m | Reduced -279.7k |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 865.8k $29.8m | Reduced -807.8k |
| Empower Advisory Group, LLC 0.08% of their portfolio | 865.3k $29.8m | Added +257.4k |
| Walleye Capital LLC 0.17% of their portfolio | 864.8k $29.8m | Added +825.3k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.30% of their portfolio | 817.6k $28.2m | Reduced -601.9k |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 801.0k $28.6m | Reduced -312.9k |
| Owl Creek Asset Management, L.P. 3.32% of their portfolio | 800.0k $27.6m | Reduced -332.6k |
| BWCP, LP 4.32% of their portfolio | 756.3k $26.1m | Added +147.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 752.2k $25.9m | Reduced -337.3k |
| Walleye Trading LLC 0.41% of their portfolio | 738.0k $25.4m | Added +343.1k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 734.9k $25.3m | Reduced -1.2m |
| Amundi 0.01% of their portfolio | 723.7k $24.9m | Reduced -450.8k |
| Hodges Capital Management Inc. 2.16% of their portfolio | 721.2k $24.9m | Added +148.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 714.1k $24.6m | Reduced -22.1k |
| KCM Capital Inc 4.85% of their portfolio | 700.0k $24.1m | First filing |
| California Public Employees Retirement System 0.01% of their portfolio | 692.3k $23.9m | Reduced -143.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 686.7k $23.7m | Reduced -886.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 662.6k $23.0m | Reduced -159.5k |
| CYPRESS POINT INVESTMENT MANAGEMENT LP 4.55% of their portfolio | 614.0k $21.2m | First filing |
| Paralel Advisors LLC 0.80% of their portfolio | 600.0k $20.7m | Unchanged |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 573.8k $19.8m | Reduced -21.2k |
| Cresset Asset Management, LLC 0.08% of their portfolio | 555.0k $19.1m | Added +571 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 549.6k $18.9m | Reduced -934.0k |
| Corient Private Wealth LP 0.01% of their portfolio | 545.5k $18.3m | Added +245.2k |
| ATWOOD & PALMER INC 1.06% of their portfolio | 543.0k $18.7m | Added +850 |
| STEADFAST CAPITAL MANAGEMENT LP 0.33% of their portfolio | 539.0k $18.6m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 526.4k $18.1m | Added +12.3k |
| Freestone Grove Partners LP 0.13% of their portfolio | 516.9k $17.8m | New |
| Divisadero Street Capital Management, LP 0.99% of their portfolio | 502.2k $17.3m | Added +404.7k |
| INFINITUM ASSET MANAGEMENT, LLC 0.07% of their portfolio | 500.0k $450.0k | New |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 491.3k $16.9m | Reduced -82.5k |