DK

DKNG DRAFTKINGS INC-CL A

2026Q2 · CUSIP 26142V105 · Sector: Other

Normal

Fund flows are within the usual range

Funds that own it
689
Institutions that reported holding it to the SEC
Net decrease in holders
15
Last quarter 704 → now 689
How unusual is that
Bottom 20%
Stronger than only 5% of US stocks
What the filings say, in one paragraph

689 funds held DKNG at the end of 2026Q2, down 15 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $6.2B(YoY +15.0%), return on equity is -29.3%. DKNG has had 9 buying rushes in its history, and the price moved +10.6% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Other sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2021Q1: holders=3 2021Q2: holders=3 2021Q3: holders=3 2021Q4: holders=4 2022Q1: holders=17 2022Q2: holders=476 2022Q3: holders=498 2022Q4: holders=476 2023Q1: holders=507 2023Q2: holders=581 2023Q3: holders=643 2023Q4: holders=741 2024Q1: holders=809 2024Q2: holders=794 2024Q3: holders=764 2024Q4: holders=799 2025Q1: holders=809 2025Q2: holders=841 2025Q3: holders=832 2025Q4: holders=817 2026Q1: holders=704 2026Q2: holders=689 -459 -229.5 +0 +229.5 +459 2443884 21Q121Q322Q122Q323Q123Q324Q124Q325Q125Q326Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 9 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q2 Top 10% -35.3% -49.2%
2024Q4 Top 20% -31.0% -14.6%
2024Q1 Top 5% -22.2% -9.9%
2023Q4 Top 5% -0.8% -22.8%
2023Q3 Top 1% in the market +10.7% +19.9%
2023Q2 Top 1% in the market +35.4% +62.6%
2023Q1 Top 5% +15.4% +60.2%
2022Q3 Top 5% +38.2% +62.2%
2022Q2 Top 1% in the market -25.0% -13.4%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
234
Change in large funds
-3
Total value they hold
$10.3B
Funds buying for the first time
126
Funds that sold out entirely
141
Price change that quarter
-1.9%
Funds holding puts (bearish)
31
Funds holding calls (bullish)
44

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
—
EPS (TTM)
$-0.35
EPS YoY
—
Revenue (TTM)
$6.2B
Revenue YoY
+15.0%
Net margin
-2.7%
ROE
-29.3%
Debt ratio
86.7%
FCF (TTM)
$651M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -1.35 2021-12-31: EPS -0.80 2022-03-31: EPS -1.14 2022-06-30: EPS -0.50 2022-09-30: EPS -1.00 2022-12-31: EPS -0.52 2023-03-31: EPS -0.87 2023-06-30: EPS -0.17 2023-09-30: EPS -0.61 2023-12-31: EPS -0.08 2024-03-31: EPS -0.30 2024-06-30: EPS 0.10 2024-09-30: EPS -0.60 2024-12-31: EPS -0.25 2025-03-31: EPS -0.07 2025-06-30: EPS 0.30 2025-09-30: EPS -0.52 2025-12-31: EPS 0.28 2026-03-31: EPS 0.03 2026-06-30: EPS -0.14 0B 1.0B 2.0B $B -1.49 -0.58 0.33 20212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
250 271 292 2026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-365M-21M323M 202120222023202420252026
Latest quarter $-56M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.