DraftKings (DKNG)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.16 bn	1.16 bn	1.16 bn	1.16 bn	1.16 bn	1.16 bn
Cash burn (monthly)	(no burn)	35.92 mm	99.53 mm	42.80 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	144.05 mm	399.13 mm	171.64 mm	n/a	n/a
Cash remaining	n/a	1.01 bn	757.38 mm	984.87 mm	n/a	n/a
Runway (months of cash)	n/a	28.2	7.6	23.0	n/a	n/a

Beta Read what these cash burn values mean

Financial data from DraftKings earnings reports.

Institutional ownership, Q3 2024

DKNG institutional ownership history Ownership history

75.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	757	789	-4.1%
Opened positions	100	116	-13.8%
Closed positions	132	121	+9.1%
Increased positions	271	305	-11.1%
Reduced positions	246	225	+9.3%

13F shares	Current	Prev Q	Change
Total value	13.54 tn	12.87 tn	+5.2%
Total shares	369.94 mm	354.56 mm	+4.3%
Total puts	17.72 mm	14.66 mm	+20.9%
Total calls	25.60 mm	28.74 mm	-10.9%
Total put/call ratio	0.7	0.5	+35.7%

Largest owners	Shares	Value	Change
Vanguard	42.49 mm	$1.67 tn	+4.1%
BlackRock	31.35 mm	$1.23 tn	NEW
Wellington Management	23.11 mm	$905.98 bn	-0.3%
T. Rowe Price Investment Management	17.86 mm	$700.20 mm	+81.9%
STT State Street	9.50 mm	$372.38 bn	+3.2%
Marshall Wace	8.37 mm	$328.25 bn	-11.0%
Geode Capital Management	7.99 mm	$312.36 bn	+3.7%
Citadel Advisors	6.80 mm	$266.39 bn	+633.0%
CMTDF Sumitomo Mitsui Trust	6.65 mm	$260.54 bn	-1.7%
FMR	6.47 mm	$253.51 bn	+14.7%

Largest transactions	Shares	Bought/sold	Change
BlackRock	31.35 mm	+31.35 mm	NEW
BLK BlackRock	0.00	-30.84 mm	EXIT
T. Rowe Price Investment Management	17.86 mm	+8.04 mm	+81.9%
Citadel Advisors	6.80 mm	+5.87 mm	+633.0%
Norges Bank	0.00	-5.66 mm	EXIT
Capital World Investors	4.82 mm	+4.82 mm	NEW
Aqr Capital Management	259.64 k	-3.62 mm	-93.3%
IVZ Invesco	3.12 mm	-3.45 mm	-52.6%
Millennium Management	3.03 mm	+2.86 mm	+1593.2%
Kodai Capital Management	2.23 mm	+2.23 mm	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

DKNG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Jan 25	Paul Liberman	Class A Common Stock	Sell	Dispose S	Yes	Yes	39	200,000	7.80 mm	1,342,722
1 Jan 25	Dodge R Stanton	Class A Common Stock	Payment of exercise	Dispose F	No	No	37.2	296	11.01 k	542,446
1 Jan 25	Dodge R Stanton	Class A Common Stock	Option exercise	Acquire M	No	No	0	858	0.00	542,742
1 Jan 25	Dodge R Stanton	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	858	0.00	1,716
26 Dec 24	Paul Liberman	Class A Common Stock	Sell	Dispose S	Yes	Yes	38.3	68,654	2.63 mm	68,654
26 Dec 24	Paul Liberman	Class A Common Stock	Sell	Dispose S	Yes	Yes	38.3	463,441	17.75 mm	1,542,722
26 Dec 24	Paul Liberman	Class A Common Stock	Option exercise	Acquire M	Yes	No	0.63	88,441	55.72 k	2,006,163
26 Dec 24	Paul Liberman	Stock Option Class A Common Stock	Option exercise	Dispose M	Yes	No	0.63	88,441	55.72 k	0
9 Dec 24	Dodge R Stanton	Class A Common Stock	Sell	Dispose S	No	No	42.74	228,496	9.77 mm	541,884
9 Dec 24	Dodge R Stanton	Class A Common Stock	Option exercise	Acquire M	No	No	2.95	165,000	486.75 k	770,380