Right here’s Why Brown Advisory Mid-Cap Development Technique Initiated a Place in DraftKings (DKNG)

Brown Advisory, an funding administration firm, launched its “Brown Advisory Mid-Cap Development Technique” third-quarter 2025 investor letter. A replica of the letter could be downloaded right here. The technique underperformed its benchmark, the Russell Midcap® Development Index, within the third quarter of 2025, which elevated roughly 3%.  As well as, please test the fund’s prime 5 holdings to know its finest picks in 2025.

In its third-quarter 2025 investor letter, Brown Advisory Mid-Cap Development Technique highlighted shares similar to DraftKings Inc. (NASDAQ:DKNG). DraftKings Inc. (NASDAQ:DKNG) is a digital sports activities leisure and gaming firm. The one-month return of DraftKings Inc. (NASDAQ:DKNG) was 17.41%, and its shares misplaced 13.58% of their worth over the past 52 weeks. On December 17, 2025, DraftKings Inc. (NASDAQ:DKNG) inventory closed at $34.05 per share, with a market capitalization of $16.949 billion.

Brown Advisory Mid-Cap Development Technique acknowledged the next concerning DraftKings Inc. (NASDAQ:DKNG) in its third quarter 2025 investor letter:

“We initiated a place in DraftKings Inc. (NASDAQ:DKNG) to realize publicity to the fast-growing on-line sports activities betting and iCasino markets, the place DraftKings and FanDuel have established a robust duopoly. We anticipate this dominant place to help increasing unit economics and quicker progress as further states legalize on-line wagering.”

DraftKings Inc. (NASDAQ:DKNG) isn’t on our record of 30 Most In style Shares Amongst Hedge Funds. In response to our database, 68 hedge fund portfolios held DraftKings Inc. (NASDAQ:DKNG) on the finish of the third quarter, up from 66 within the earlier quarter. Within the third quarter 2025, DraftKings Inc. (NASDAQ:DKNG) generated $1.144 billion of income, representing a 4% year-over-year progress. Whereas we acknowledge the potential of DraftKings Inc. (NASDAQ:DKNG) as an funding, we imagine sure AI shares supply better upside potential and carry much less draw back danger. If you happen to’re on the lookout for a particularly undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the finest short-term AI inventory.

In one other article, we lined DraftKings Inc. (NASDAQ:DKNG) and shared the record of shares Jim Cramer mentioned. As well as, please take a look at our hedge fund investor letters Q3 2025 web page for extra investor letters from hedge funds and different main traders.

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Disclosure: None. This text is initially revealed at Insider Monkey.