AQR Capital Management Holdings, LLC and its wholly owned subsidiary AQR Capital Management, LLC report beneficial ownership of DraftKings Inc. Class A common stock. They beneficially own 29,668,714 shares, representing 5.98% of the Class A common stock. This total includes Convertible Notes representing 633 shares of Class A common stock.
The AQR entities report no sole voting or dispositive power. Instead, they have shared voting power over 28,894,920 shares and shared dispositive power over 29,668,714 shares. Both entities are organized in the United States, with principal offices in Greenwich, Connecticut, and identify as parent holding company and investment manager in relation to these holdings.
Positive
None.
Negative
None.
Key Figures
Beneficial ownership:29,668,714 sharesOwnership percentage:5.98%Shared voting power:28,894,920 shares+2 more
5 metrics
Beneficial ownership29,668,714 sharesTotal DraftKings Class A shares beneficially owned by AQR entities
Ownership percentage5.98%Percent of DraftKings Class A common stock beneficially owned
Shared voting power28,894,920 sharesDraftKings shares over which AQR entities share voting power
Shared dispositive power29,668,714 sharesDraftKings shares over which AQR entities share dispositive power
Convertible Notes component633 sharesConvertible Notes representing 633 DraftKings Class A shares included in total
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"6 | Shared Voting Power 28,894,920.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"8 | Shared Dispositive Power 29,668,714.00"
Convertible Notesfinancial
"The reported amount includes Convertible Notes representing 633 shares"
Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.
parent holding companyfinancial
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"
FAQ
What percentage of DraftKings (DKNG) does AQR currently beneficially own?
AQR Capital Management entities beneficially own 5.98% of DraftKings Inc. Class A common stock, representing 29,668,714 shares in total, including a small portion held through Convertible Notes representing 633 shares of Class A common stock.
How many DraftKings (DKNG) shares are reported as beneficially owned by AQR?
AQR reports beneficial ownership of 29,668,714 DraftKings Class A shares. This amount includes Convertible Notes representing 633 shares. The same total is attributed to both AQR Capital Management, LLC and AQR Capital Management Holdings, LLC as related entities.
What voting power does AQR have over its DraftKings (DKNG) shares?
AQR reports shared voting power over 28,894,920 DraftKings Class A shares and no sole voting power. This means voting decisions on these shares are made jointly, not unilaterally, by the AQR entities or related parties.
What dispositive power does AQR hold over DraftKings (DKNG) shares?
AQR entities have shared dispositive power over 29,668,714 DraftKings Class A shares and no sole dispositive power. Dispositive power concerns the authority to sell or otherwise dispose of the shares, which is held on a shared basis here.
Which AQR entities are reporting ownership of DraftKings (DKNG) stock?
The reporting parties are AQR Capital Management, LLC and AQR Capital Management Holdings, LLC. AQR Capital Management, LLC is described as a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and both are organized in the United States.
Does AQR’s DraftKings (DKNG) position include any convertible securities?
Yes. The reported 29,668,714 DraftKings shares include Convertible Notes representing 633 shares of Class A common stock. The remainder of the position consists of other forms of beneficial ownership of DraftKings Class A shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
DraftKings Inc.
(Name of Issuer)
Class A Common Stock, $0.0001 par value
(Title of Class of Securities)
26142V105
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
26142V105
1
Names of Reporting Persons
AQR Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
28,894,920.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
29,668,714.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
29,668,714.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.98 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
26142V105
1
Names of Reporting Persons
AQR Capital Management Holdings, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
28,894,920.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
29,668,714.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
29,668,714.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.98 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
DraftKings Inc.
(b)
Address of issuer's principal executive offices:
222 BERKELEY STREET, BOSTON, MASSACHUSETTS
02116
Item 2.
(a)
Name of person filing:
AQR Capital Management, LLC
AQR Capital Management Holdings, LLC
(b)
Address or principal business office or, if none, residence:
ONE GREENWICH PLAZA
SUITE 130
Greenwich, Connecticut
06830
(c)
Citizenship:
AQR Capital Management, LLC - UNITED STATES
AQR Capital Management Holdings, LLC - UNITED STATES
(d)
Title of class of securities:
Class A Common Stock, $0.0001 par value
(e)
CUSIP Number(s):
26142V105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
29,668,714
The reported amount includes Convertible Notes representing 633 shares of Class A Common Stock, $0.0001 par value
(b)
Percent of class:
5.98 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
AQR Capital Management, LLC - 0
AQR Capital Management Holdings, LLC - 0
(ii) Shared power to vote or to direct the vote:
AQR Capital Management, LLC - 28,894,920
AQR Capital Management Holdings, LLC - 28,894,920
(iii) Sole power to dispose or to direct the disposition of:
AQR Capital Management, LLC - 0
AQR Capital Management Holdings, LLC - 0
(iv) Shared power to dispose or to direct the disposition of:
AQR Capital Management, LLC - 29,668,714
AQR Capital Management Holdings, LLC - 29,668,714
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Item 2(a) above.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
AQR Capital Management, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
08/13/2026
AQR Capital Management Holdings, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
08/13/2026
Exhibit Information
AQR Capital Management Holdings, LLC and AQR Capital Management, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.
