SCHEDULE: FMR LLC Discloses DraftKings Stake

FMR LLC and Abigail P. Johnson have reported beneficial ownership of 1.9% of DraftKings Inc.'s Class A Common Stock as of March 31, 2026.

Summary

• FMR LLC and Abigail P. Johnson have filed a Schedule 13G, indicating their beneficial ownership of DraftKings Inc. Class A Common Stock.
• As of March 31, 2026, FMR LLC beneficially owns 9,352,688.23 shares, representing 1.9% of the class.
• Abigail P. Johnson also beneficially owns 9,352,688.23 shares, representing 1.9% of the class.
• FMR LLC is classified as a holding company (HC), and Abigail P. Johnson is classified as an insider (IN).
• The filing indicates that other persons have the right to receive or direct the sale of dividends from these shares, but no single other person holds more than five percent.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a standard disclosure of beneficial ownership and does not inherently signal positive or negative performance for DraftKings Inc.

Positives

• FMR LLC and Abigail P. Johnson maintain a significant, albeit minority, stake in DraftKings Inc., suggesting continued confidence or investment strategy.
• The filing is an amendment to a previous filing, indicating ongoing monitoring and reporting of share ownership.

Negatives

• The filing does not contain any negative financial or operational information about DraftKings Inc. itself, as it pertains to ownership reporting.

Risks

• The filing does not explicitly mention any risks related to DraftKings Inc.'s operations or market position.

Future Outlook

This filing is a reporting of past ownership as of a specific date and does not contain forward-looking statements or guidance from DraftKings Inc.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by FMR LLC and Abigail P. Johnson is a routine disclosure for significant institutional investors. It provides transparency on major shareholders in the online gaming and sports betting industry, a sector characterized by dynamic growth and significant capital investment.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional investor's holdings, which can influence market perception.
• Management of DraftKings Inc.: Acknowledges the presence of major investors and their reporting obligations.
• Regulators (SEC): Ensures compliance with disclosure requirements for significant share ownership.

Next Steps

• Continued monitoring of FMR LLC and Abigail P. Johnson's ownership stake in DraftKings Inc. through subsequent filings.

Key Dates

Keywords

DraftKings Inc., Schedule 13G, FMR LLC, Abigail P. Johnson, Class A Common Stock, Beneficial Ownership, SEC Filing, Investment Management