Institutional investors shift stakes in DraftKings and Keurig Dr Pepper

Sei Investments Co. increased its holding in DraftKings Inc. by 260.6% in the first quarter, bringing its stake to 387,483 shares, about 0.08% of the company and valued at roughly $8.4 million. The fund added 280,033 shares during the period, while other investors such as Integrated Wealth Concepts, Mirae Asset Global ETFs Holdings, and Daiwa Securities Group also raised their positions in DraftKings.

In a separate filing, Empowered Funds LLC cut its stake in Keurig Dr Pepper Inc. by 47% in the first quarter, leaving it with 97,473 shares worth about $2.6 million. The fund sold 86,267 shares, while other large holders—including Vanguard Group, State Street Corp, Wellington Management Group, Geode Capital Management, and T. Rowe Price—either increased or added new positions in Keurig Dr Pepper.