Is DraftKings (DKNG) Trading at an Attractive Multiple?
Baron Capital, an investment management company, released its Q1 2026 investor letter for the “Baron Discovery Fund”. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Leucadia National Ian Cumming And Joseph Steinberg | 171,472 | $3,707,225 | +682% | 0.03% |
| 2. | Zevenbergen Capital Investments Nancy Zevenbergen | 116,540 | $2,519,595 | -39% | 0.07% |
| 3. | Bayforest Capital Theodoros Tsagaris | 24,087 | $520,761 | +61% | 0.58% |
| 4. | Hurley Capital Charles Goldblum | 50 | $1,081 | 0% | |
| 5. | 0 | $0 | 0% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $21.85 | 100,000 | $2,185,000.00 | 350,219 | 2026-02-17 | Filing | |
| $30.30 | 25,000 | $757,500.00 | 249,712 | 2025-11-11 | Filing | |
| $30.27 | 10,000 | $302,700.00 | 10,000 | 2025-11-11 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $25.60 | 2,150 | $55,040.00 | 1,406 | 2026-03-13 | Filing | |
| $25.16 | 53,870 | $1,355,369.20 | 213,597 | 2026-03-11 | Filing | |
| $25.16 | 430,547 | $10,832,562.52 | 1,669,955 | 2026-03-11 | Filing | |
| $24.77 | 1,354 | $33,538.58 | 38,168 | 2026-03-03 | Filing | |
| $24.37 | 1,529 | $37,261.73 | 39,522 | 2026-03-03 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 21,320,598 | $460,951,329 | 0.01% | |
| 2. | 18,593,772 | $401,997,351 | 0.02% | |
| 3. | 7,213,257 | $155,950,616 | 0.16% | |
| 4. | 5,319,866 | $115,015,503 | 94.58% | |
| 5. | 4,619,538 | $99,874,412 | 0.01% |