JPMorgan reports 22.8M shares (4.4%) of DraftKings
DraftKings Inc. Schedule 13G/A: JPMorgan Chase & Co. reports beneficial ownership of 22,801,938 shares of Class A common stock, representing 4.4% of the class.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
DraftKings Inc. Schedule 13G/A: JPMorgan Chase & Co. reports beneficial ownership of 22,801,938 shares of Class A common stock, representing 4.4% of the class. This is Amendment No. 1 to the Schedule 13G and the filing is signed on 03/05/2026.
Insights
JPMorgan holds a 4.4% stake in DraftKings as disclosed in the amendment.
JPMorgan Chase & Co. reports beneficial ownership of 22,801,938 shares of DraftKings Class A common stock, equal to 4.4% of the class. The filing is labeled as Amendment No. 1 and signed on 03/05/2026.
Timing and transaction details are not stated in the excerpt; subsequent filings would show activity if holders trade. Cash‑flow treatment and any arrangements on behalf of other persons are not indicated in the provided text.
Disclosure is a routine beneficial ownership update by an institutional holder.
The schedule lists sole voting and dispositive power of 22,801,938 shares for JPMorgan Chase & Co., with 0.0% shared power shown. Subsidiaries listed include J.P. MORGAN SE, J.P. Morgan Securities PLC, and J.P. Morgan Securities LLC.
The filing notes "Ownership of 5 percent or less of a class" language; this report documents an institutional position without further operational or contractual changes in the excerpt.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does JPMorgan hold in DraftKings (DKNG)?
When was the Schedule 13G/A amendment for DKNG signed?
AI-generated analysis. How Rhea-AI works. Not financial advice.