Which funds own DKNG
Draftkings Inc New in the Q2 2026 filings. At least 8 of the 91 current managers on file reported a position, worth $2.3bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 8
- at least, of 91 current
- Combined value
- $2.3bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 3
- already held
- Trimmed or sold out
- 6
- 3 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| AQR Capital Management LLC Quantitative · $287bn book | $749m | 0.3% | 29,668,081 | +$268m+6,815,596 | Added |
| Janus Henderson Group Ltd Long-only · $245bn book | $638m | 0.3% | 25,274,243 | +$50m-2,391,456 | Trimmed |
| Capital World Investors Long-only · $846bn book | $626m | 0.1% | 24,798,304 | +$92m+86,351 | Added |
| Baillie Gifford & Co Long-only · $110bn book | $181m | 0.2% | 7,176,652 | +$25m-36,605 | Trimmed |
| Oaktree Capital Management LP Activist · $7.2bn book | $55m | 0.8% | 58,501,000 | +$15m+14,146,000 | Added |
| ARK Investment Management LLC Long-only · $15.4bn book | $31m | 0.2% | 1,228,846 | +$1.8m-124,263 | Trimmed |
| Steadfast Capital Management LP Long/short equity · $3.3bn book | $26m | 0.8% | 1,018,900 | opened1,018,900 | New |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $20m | 0.2% | 779,805 | opened779,805 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Capital Research Global Investors · Long-only$39m held before
- Holocene Advisors LP · Long/short equity$19m held before
- Verition Fund Management LLC · Multi-strategy$14m held before
Ownership through time
At least 11 of the 95 managers whose filings are on file listed DKNG in Q2 2026, against 6 in Q2 2022. 5 managers fewer than in Q1 2026: 3 started positions; 1 listed it again; 1 sold out, by its own filing; 8 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2022: 6
- Q3 2022: 12
- Q4 2022: 4
- Q1 2023: 12
- Q2 2023: 16
- Q3 2023: 20
- Q4 2023: 21
- Q1 2024: 25
- Q2 2024: 17
- Q3 2024: 20
- Q4 2024: 20
- Q1 2025: 22
- Q2 2025: 20
- Q3 2025: 21
- Q4 2025: 19
- Q1 2026: 16
- Q2 2026: 11
- Q2 2022: $559m
- Q3 2022: $843m
- Q4 2022: $474m
- Q1 2023: $1.3bn
- Q2 2023: $1.8bn
- Q3 2023: $2.1bn
- Q4 2023: $2.8bn
- Q1 2024: $4.3bn
- Q2 2024: $3.1bn
- Q3 2024: $3.2bn
- Q4 2024: $4.2bn
- Q1 2025: $4.1bn
- Q2 2025: $5.4bn
- Q3 2025: $4.9bn
- Q4 2025: $5.1bn
- Q1 2026: $2.2bn
- Q2 2026: $2.5bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- AQR Capital Management LLC22,852,485 to 29,668,081 shares+$172m
- Steadfast Capital Management LPnew: 1,018,900 shares+$26m
- Davidson Kempner Capital Management LPnew: 779,805 shares+$20m
- ExodusPoint Capital Management LPnew: 251,087 shares+$6.3m
- Capital World Investors24,711,953 to 24,798,304 shares+$2.2m
Largest decreases, by shares
- Janus Henderson Group Ltd27,665,699 to 25,274,243 shares-$60m
- ARK Investment Management LLC1,353,109 to 1,228,846 shares-$3.1m
- Bridgewater Associates LP395,860 to 299,841 shares-$2.4m
- Baillie Gifford & Co7,213,257 to 7,176,652 shares-$925k
Left it
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| AQR Capital Management LLC | Q2 2023 | $749m | $749m | |
| Janus Henderson Group Ltd | Q4 2024 | $859m | $638m | |
| Capital World Investors | Q3 2024 | $642m | $626m | |
| MFS Investment Management | Q3 2023 | $317m | $187m | |
| Baillie Gifford & Co | Q3 2022 | $340m | $181m | |
| ARK Investment Management LLC | Q2 2022 | $480m | $31m | |
| Steadfast Capital Management LP | Q4 2025 | $26m | $26m | |
| Man Group PLC | Q3 2024 | $54m | $25m | |
| Davidson Kempner Capital Management LP | Q3 2022 | $44m | $20m | |
| Bridgewater Associates LP | Q1 2025 | $32m | $7.6m | |
| ExodusPoint Capital Management LP | Q3 2025 | $6.3m | $6.3m | |
| Wellington Management Group LLP | Q3 2022 | $1.1bn | last listed Q3 2025 | |
| Fidelity (FMR LLC) | Q4 2024 | $954m | last listed Q4 2025 | |
| Viking Global Investors LP | Q3 2025 | $659m | last listed Q4 2025 | |
| Marshall Wace LLP | Q2 2023 | $359m | last listed Q1 2025 | |
| Citadel Advisors LLC | Q3 2024 | $357m | last listed Q4 2025 | |
| Capital Research Global Investors | Q2 2022 | $350m | last listed Q1 2026 | |
| Invesco Ltd | Q3 2023 | $317m | last listed Q2 2024 | |
| Whale Rock Capital Management LLC | Q2 2023 | $281m | last listed Q2 2025 | |
| D. E. Shaw & Co. | Q1 2023 | $241m | last listed Q3 2025 | |
| Point72 Asset Management LP | Q3 2022 | $199m | last listed Q1 2026 |
What DKNG is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around DKNG →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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