L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
38
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 17 listed it in both
Shares listed
164,231,541
combined, among listed positions
Reported value
$5.6bn
combined, at the quarter end

Among the 92 comparable managers: 22 buyers (opened or added shares) and 22 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +19,088,481.

Managers listing DKNG in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

38 of 38 holders

ActionFiling
Fidelity (FMR LLC)26,597,639$917munder 0.1%Added+2,413,18917 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd25,313,909$859m0.38%Added+8,524,92317 Feb 2026 (the filing on sec.gov)
Viking Global Investors LP19,119,912$659m1.75%Added+4,116,56117 Feb 2026 (the filing on sec.gov)
Capital World Investors18,626,429$642m0.09%Added+12,008,35711 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC16,474,009$568m0.30%Added+4,788,33717 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC10,372,434$357m0.05%Added+9,295,01017 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co7,454,948$257m0.21%Trimmed-232,89323 Jan 2026 (the filing on sec.gov)
MFS Investment Management7,405,106$255m0.08%Trimmed-67,99322 Jan 2026 (the filing on sec.gov)
Capital Research Global Investors6,615,721$228munder 0.1%Added+2,372,52011 Feb 2026 (the filing on sec.gov)
ARK Investment Management LLC4,540,766$156m1.04%Added+1,101,85011 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,591,011$124munder 0.1%Trimmed-505,12419 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP2,383,663$82munder 0.1%Trimmed-353,17217 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.2,136,255$74munder 0.1%Trimmed-276,09917 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP1,830,513$63m0.13%Newnew17 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,228,426$42munder 0.1%Trimmed-511,87917 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC1,191,946$41munder 0.1%Trimmed-2,138,41327 Oct 2026 (the filing on sec.gov)
Balyasny Asset Management LLC1,134,096$39munder 0.1%Trimmed-1,889,07317 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,045,840$36munder 0.1%Added+478,39917 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC993,913$34munder 0.1%Trimmed-1,163,77813 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC864,812$30m0.09%Added+825,33313 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC734,928$25munder 0.1%Trimmed-1,233,29612 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP686,689$24munder 0.1%Trimmed-886,34117 Feb 2026 (the filing on sec.gov)
Steadfast Capital Management LP539,000$19m0.32%Newnew17 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP526,410$18munder 0.1%Added+12,30513 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP516,928$18m0.13%Newnew17 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
20 in Q3 2024 to 11 in Q2 2026

Tracked managers listing it, at least.

01020302023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
DKNG by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20226$559mn.a.n.a.
Q3 202212$843mn.a.n.a.
Q4 20224$474mn.a.n.a.
Q1 202312$1.3bnn.a.n.a.
Q2 202316$1.8bnn.a.n.a.
Q3 202320$2.1bnn.a.n.a.
Q4 202321$2.8bn119
Q1 202425$4.3bn1513
Q2 202417$3.1bn913
Q3 202420$3.2bn912
Q4 202420$4.2bn146
Q1 202522$4.1bn149
Q2 202520$5.4bn129
Q3 202521$4.9bn146
Q4 202519$5.1bn2222
Q1 202616$2.2bn1726
Q2 202611$2.5bn1328

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

DKNG and AMZN →DKNG and TSLA →DKNG and HD →Choose a stock to compare with DKNG →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own DKNG, latest filings →Back to the 13F Explorer →