Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Draftkings Inc New (DKNG)

707 + Investors. Track Smart Money conviction in DKNG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -116
Streak
3Q ▼
Buyers last Q
41%

Smart Money Signals — DKNG

Based on 712 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their DKNG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 84% of 3.0Y peak

84% of all-time peak
712 funds currently hold this stock — 84% of the 3.0-year high of 847 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 12% fewer funds vs a year ago

fund count last 6Q
95 fewer hedge funds hold DKNG compared to a year ago (-12% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 41% buying

333 buying477 selling
Last quarter: 477 funds reduced or exited vs 333 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-70 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 157 → 128 → 165 → 95. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 22% medium ■ 21% new
408 out of 712 hedge funds have held DKNG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -16%, value -48%

Value
-48%
Shares
-15%
Last quarter: funds added -16% more shares while total portfolio value only changed -48%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~95 new funds/quarter

132 → 157 → 128 → 165 → 95 new funds/Q
New funds entering each quarter: 157 → 128 → 165 → 95. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 62% veterans vs 23% newcomers

■ 62% veterans ■ 14% 1-2yr ■ 23% new
Entry-cohort mix of 762 holders: 475 (62%) are 2+ year veterans, 109 entered 1–2 years ago, and 178 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
64 of 701 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in DKNG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DKNG

In 2026 Q1, 333 hedge funds were net buyers of DKNG (95 opened a new position, 238 added to an existing one), while 477 reduced or exited (266 trimmed, 211 sold completely) — a 41% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 48% of total institutional value in DKNG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -116 funds (more exits than new entries). Total institutional holders: 712.

Hedge Fund Ownership: DKNG

How many hedge funds hold DKNG — quarterly history vs. share price
Quarterly hedge fund ownership of DKNG vs. share price

Market Analysis: DKNG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DKNG

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Draftkings Inc New (DKNG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DKNG has moved relative to its sector benchmark (XLY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
DKNG
+20.8%
XLY
nan%

DKNG outperformed XLY by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
DKNG
+4.5%
XLY
nan%

Since the filing became public, DKNG outperformed XLY by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

52 top-rated funds 4 high-conviction
Consensus
7.5
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: DKNG
707 + Investors

Track Smart Money conviction in DKNG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 707 828 -14.61%
13F Shares 408M 483M -15.61%
Total Value $8.61B $16.58B -48.1%
New Positions 93 165 -72
Increased Positions 224 258 -34
Closed Positions 214 170 +44
Reduced Positions 251 274 -23
Total Calls 33 39 -15.38%
Total Puts 27 33 -18.18%
PUT/CALL Ratio 0.82 0.85 Neutral

Statistics: DKNG

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

707 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DKNG. Verified SEC 13F-HR filings.

QUARTER:
Top 25 DKNG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Point72 Private Investments, LLC 100.00% 14,573 $315K
2 Atlas Venture Advisors, Inc. 94.58% 5,319,866 $115.0M
3 Raine Capital LLC 40.35% 263,445 $5.7M
4 Axon Capital LP 13.32% 427,000 $9.2M
5 Cadian Capital Management, LP 9.64% 3,662,983 $79.2M
6 Spruce House Investment Management LLC 7.45% 9,650,000 $208.6M
7 Morangie Management LLC 6.23% 312,870 $6.8M
8 Solel Partners LP 4.15% 897,170 $19.4M
9 Helios Capital Management PTE. Ltd 3.24% 142,500 $3.1M
10 Anthracite Investment Company, Inc. 2.12% 98,000 $4.2M
11 Crystal Rock Capital Management 2.02% 157,610 $3.4M
12 August Group Capital Ltd 1.78% 71,000 $1.5M
13 KCM Capital Inc 1.74% 500,000 $10.8M
14 Englebert Financial Advisers, LLC 1.72% 69,824 $1.5M
15 StepStone Group LP 1.68% 160,902 $3.5M
16 Hodges Capital Management Inc. 1.55% 864,644 $18.7M
17 Cypress Point Investment Management LP 1.54% 302,140 $6.5M
18 Future Fund LLC 1.25% 163,901 $3.5M
19 Scholtz & Company, LLC 1.09% 98,221 $2.1M
20 Perbak Capital Partners LLP 1.01% 188,913 $4.1M
21 Peregrine Capital Management LLC 0.96% 1,196,951 $25.9M
22 ArrowMark Colorado Holdings LLC 0.92% 1,604,630 $34.7M
23 Cohen Investment Advisors LLC 0.88% 86,103 $1.9M
24 Evansbrook LLC 0.88% 60,704 $1.3M
25 Buckland Partners Management Co LLC 0.79% 60,000 $1.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Draftkings Inc New (DKNG)

What does the Smart Money Trend signal show for DKNG?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their DKNG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for DKNG?

More sellers than buyers — 41% buying: Last quarter: 477 funds reduced or exited vs 333 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for DKNG holders?

Elite ownership — 48% AUM from top-100 funds: 64 of 701 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in DKNG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DKNG?

57% of holders stayed for 2+ years: 408 out of 712 hedge funds have held DKNG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Draftkings Inc New (DKNG) following the 2026 Q1 hedge fund 13F filings?

As of today, DKNG has moved +4.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), DKNG has gained +20.8% vs nan% for XLY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →