Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Draftkings Inc New (DKNG)

686 + 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
↓ -15
Streak
4Q ▼
Buyers last Q
45%

Smart Money Signals — DKNG

Based on 700 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 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 — 83% of 3.0Y peak

83% of all-time peak
700 funds currently hold this stock — 83% of the 3.0-year high of 848 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 17% fewer funds vs a year ago

fund count last 6Q
148 fewer hedge funds hold DKNG compared to a year ago (-17% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 45% buying

331 buying408 selling
Last quarter: 408 funds reduced or exited vs 331 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.
📈

More new buyers each quarter (+32 vs last Q)

new funds entering per quarter
Funds opening a new DKNG position: 128 → 165 → 96 → 128. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 23% medium ■ 20% new
395 out of 700 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.
💰

Value +39% but shares only +16% — price-driven

Value
+38%
Shares
+16%
Last quarter: the total dollar value of institutional holdings rose +39%, but actual share count only changed +16%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📊

Peak discovery — momentum slowing

158 → 128 → 165 → 96 → 128 new funds/Q
New funds entering each quarter: 128 → 165 → 96 → 128. DKNG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 64% veterans vs 23% newcomers

■ 64% veterans ■ 13% 1-2yr ■ 23% new
Entry-cohort mix of 764 holders: 486 (64%) are 2+ year veterans, 102 entered 1–2 years ago, and 176 (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
63 of 688 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.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — 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 Q2, 331 hedge funds were net buyers of DKNG (128 opened a new position, 203 added to an existing one), while 408 reduced or exited (265 trimmed, 143 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. This extends a 4-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: -15 funds (more exits than new entries). Total institutional holders: 700.

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 Q2 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 June 30, 2026 · 85d ago
DKNG
-13.0%
XLY
-4.1%

DKNG outperformed XLY by -8.9% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 40d ago
DKNG
-16.0%
XLY
-4.8%

Since the filing became public, DKNG outperformed XLY by -11.2% .

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 ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

33 top-rated funds 6 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
4.2
/ 10
conviction
Hedge Fund Positioning: DKNG
686 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 686 715 -4.06%
13F Shares 482M 416M 16.08%
Total Value $12.30B $8.87B 38.72%
New Positions 128 96 +32
Increased Positions 189 227 -38
Closed Positions 145 210 -65
Reduced Positions 247 252 -5
Total Calls 44 33 33.33%
Total Puts 31 27 14.81%
PUT/CALL Ratio 0.7 0.82 Neutral

Statistics: DKNG

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Valuation Measures Data as of: --

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

686 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Point72 Private Investments, LLC 100.00% 14,573 $368K
2 Atlas Venture Advisors, Inc. 93.68% 5,319,866 $134.4M
3 Raine Capital LLC 49.25% 263,445 $6.7M
4 Axon Capital LP 14.64% 427,000 $10.8M
5 Spruce House Investment Management LLC 7.17% 9,650,000 $243.8M
6 Morangie Management LLC 5.19% 247,626 $6.3M
7 Helios Capital Management PTE. Ltd 3.52% 142,500 $3.6M
8 Cypress Point Investment Management LP 3.43% 748,649 $18.9M
9 PointState Capital LP 2.90% 8,986,638 $227.0M
10 Contour Asset Management LLC 2.76% 4,620,776 $116.7M
11 Crystal Rock Capital Management 2.70% 209,610 $5.3M
12 Capital Impact Advisors, LLC 2.20% 1,553,691 $39.2M
13 KCM Capital Inc 2.04% 500,000 $12.6M
14 August Group Capital Ltd 1.97% 71,000 $1.8M
15 Solel Partners LP 1.92% 447,170 $11.3M
16 Englebert Financial Advisers, LLC 1.68% 67,340 $1.7M
17 Decision Investments, Inc 1.48% 64,410 $1.6M
18 Future Fund LLC 1.38% 190,338 $4.8M
19 Elevated Private Wealth, LLC 1.34% 56,095 $1.4M
20 Mirabella Financial Services LLP 1.23% 508,583 $12.8M
21 Hodges Capital Management Inc. 1.18% 705,377 $17.8M
22 Scholtz & Company, LLC 1.18% 93,246 $2.4M
23 CIBC Bancorp USA Inc. 1.15% 37,316,338 $942.6M
24 Peregrine Capital Management LLC 1.08% 1,319,418 $33.3M
25 PointState Capital LP 0.97% 3,000,000 $75.8M
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 — 4 quarters in a row: For 4 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 — 45% buying: Last quarter: 408 funds reduced or exited vs 331 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: 63 of 688 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?

56% of holders stayed for 2+ years: 395 out of 700 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 Q2 hedge fund 13F filings?

As of today, DKNG has moved -16.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -4.8% for the XLY sector ETF — an outperformance of -11.2%. Since the quarter end (June 30, 2026), DKNG has gained -13.0% vs -4.1% 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.

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