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HomeStocksDKNGInstitutional Holders

DKNG logoDraftKings Inc. (DKNG) Institutional Ownership

Q2 2026 13F Data|Updated 2026-11-07

✨

Institutional ownership increased this quarter (+6.69 pp), with a relatively well-distributed shareholder base.

Institutional Ownership
Can exceed 100% due to securities lending, short interest, and reporting timing differences.
94.8%$11.8B total value · ▲ +6.69 pp vs prior quarter
Smart Money Score
Based on ownership concentration, fund quality, buying/selling activity, ownership indicators, and institutional trend.
66 / 100Bullish
Institutions & Flow705 holders-14 net flow (+110 / -124)

AI Insights & Key Takeaways

  • Negative Institutional Flow (-14)
  • Marquee funds including Susquehanna International Group, Llp and Jane Street Group, Llc maintain significant positions
  • Top 10 holders control 46.9% of institutional value
  • No Insider Signal

Top Institutional Holders of DKNG

Ranked by reported Q2 2026 13F market value

Top 10 Holders
46.9%
Top 25 Holders
70.2%

Share of total reported institutional value in DKNG held by the largest 10 / 25 filers.

#InstitutionShares HeldMarket ValueQoQ ChangeOwnership %% of Fund
1CIBC Bancorp USA Inc.37.3M$942.6M+205.0%7.522%1.15%
2AQR CAPITAL MANAGEMENT LLC29.7M$749.4M+29.8%5.980%0.26%
3Jupiter Topco LLC25.3M$638.4M—5.094%0.26%

Quarterly Institutional Activity

Filings activity in DKNG during Q2 2026, grouped by how each filer changed its position.

OverviewNew Buyers110Added To401Trimmed163Exited124
  • JANE STREET GROUP, LLC$249.3M
  • STATE STREET CORP$211.2M

DKNG Institutional Ownership by Quarter

8 quarters of 13F filings · Δ columns show change vs prior quarter

QuarterInst. HoldersΔ HoldersOwnership %Δ OwnershipTotal 13F ValueΔ Value
Q2 20267050.3%94.85%+6.69 pp$11.82B+28%
Q1 202670713%88.16%9.03 pp$9.20B43%
Q4 20258121.2%97.19%11.14 pp$16.21B2.7%
Q3 2025822+1.0%108.33%+20.30 pp$16.67B5.6%
Q2 2025814+4.9%88.03%+2.51 pp$17.66B+33%
Q1 2025776

DKNG — Frequently Asked Questions

Quick answers to the most common questions about buying DKNG stock.

What percentage of DKNG is owned by institutions?

Based on Q2 2026 13F filings, institutional ownership of DraftKings Inc. stands at 94.8%, held across 705 reporting institutions.

Who is the largest institutional holder of DKNG?

CIBC Bancorp USA Inc. is the largest reported institutional holder of DKNG, with approximately 37,316,338 shares worth $0.94B as of Q2 2026.

Is DKNG a hedge fund favorite?

Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of DKNG, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, JANE STREET GROUP, LLC, CITADEL ADVISORS LLC.

What is DKNG's Smart Money Score?

Our composite Smart Money Score for DKNG is 66 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.

How many institutions bought DKNG this quarter?
4Capital World Investors24.8M$626.4M+0.4%4.998%0.07%
5BlackRock, Inc.23.0M$579.9M-13.7%4.627%0.01%
6VANGUARD CAPITAL MANAGEMENT LLC21.6M$545.0M+1.2%4.349%0.01%
7VANGUARD PORTFOLIO MANAGEMENT LLC19.2M$484.8M+3.2%3.869%0.02%
8SUSQUEHANNA INTERNATIONAL GROUP, LLP14.6M$369.6M-2.4%2.949%0.03%
9PointState Capital LP12.0M$302.8M—2.416%3.87%
10NORGES BANK11.8M$299.3M—2.388%0.03%
11UBS Group AG10.3M$260.2M-10.7%2.076%0.03%
12JANE STREET GROUP, LLC9.9M$249.3M-17.7%1.989%0.02%
13SPRUCE HOUSE INVESTMENT MANAGEMENT LLC9.7M$243.8M0.0%1.945%7.17%
14GEODE CAPITAL MANAGEMENT, LLC9.5M$240.4M-1.9%1.918%0.01%
15STATE STREET CORP8.4M$211.2M-17.8%1.685%0.00%
16MASSACHUSETTS FINANCIAL SERVICES CO /MA/7.4M$187.3M+0.9%1.494%0.06%
17GOLDMAN SACHS GROUP INC7.2M$182.1M+22.5%1.453%0.02%
18CITADEL ADVISORS LLC7.2M$181.4M-3.8%1.448%0.01%
19BAILLIE GIFFORD & CO7.2M$181.3M-0.5%1.447%0.16%
20MORGAN STANLEY6.2M$155.9M-9.5%1.244%0.01%
21WELLS FARGO & COMPANY/MN6.1M$153.7M+9.9%1.226%0.02%
22Atlas Venture Advisors, Inc.5.3M$134.4M0.0%1.072%93.68%
23FMR LLC5.1M$128.1M-45.8%1.022%0.01%
24AMERIPRISE FINANCIAL INC5.1M$127.7M+37.5%1.019%0.03%
25Contour Asset Management LLC4.6M$116.7M—0.931%2.76%

denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in DKNG — a direct measure of their conviction.

FMR LLC
$128.1M
  • BANK OF AMERICA CORP /DE/$82.1M
  • Sumitomo Mitsui Trust Group, Inc.$47.4M
  • Amova Asset Management Americas, Inc.$47.2M
  • Invesco Ltd.$30.5M
  • BARCLAYS PLC$30.3M
  • FIRST TRUST ADVISORS LP$26.4M
  • Neuberger Berman Group LLC$26.3M
  • Squarepoint Ops LLC$26.1M
  • Legal & General Group Plc$22.7M
  • +1.3%
    85.52%
    +4.64 pp
    $13.27B
    5.3%
    Q4 2024766+4.2%80.88%+4.17 pp$14.01B+0.5%
    Q3 2024735—76.71%—$13.93B—

    Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.

    110 institutions opened new positions in DKNG during Q2 2026, while 124 fully exited. 401 added to existing positions and 163 trimmed.

    How is institutional ownership of DKNG changing?

    DKNG institutional ownership rose by 6.69 percentage points quarter-over-quarter, with a net change of -2 holders.

    How concentrated is DKNG ownership among the top holders?

    The top 10 institutions account for 46.9% of all reported 13F value in DKNG, and the top 25 account for 70.2%.

    Where does this DKNG institutional ownership data come from?

    All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.

    DKNGDraftKings Inc.
    $18.51$9.2B
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