Cathie Wood's position in DraftKings is currently worth $35.7M. That's 0.24% of their equity portfolio (65th largest holding). The first DraftKings trade was made in Q1 2021. Since then Cathie Wood bought shares nine more times and sold shares on fourteen occasions. The investor's estimated purchase price is $61.4M, resulting in a loss of 42%.
DraftKings dives on a lower-than-expected guidance, missed user numbers. Cathie Wood, ARK Invest sell DKNG, buy crypto stocks.
https://www.investing.com/news/company-news/cathie-woods-ark-sells-draftkings-buys-shopify-stock-93CH-3430421
https://www.investing.com/news/company-news/cathie-woods-ark-buys-palantir-sells-coinbase-and-draftkings-stock-93CH-3426796
https://www.investing.com/news/company-news/cathie-woods-ark-buys-more-tesla-sells-draftkings-stock-93CH-3381256