"Investors often turn to 13F filings from institutional giants to gain insights into smart money moves. These quarterly reports reveal what hedge funds, asset managers, and other big players are buying or selling, offering a window into their extensive research and analysis on companies. It's not about blindly copying their trades - after all, these filings are backward-looking and don't explain the full strategy."
"Take Vanguard Group, one of the world's largest and most respected asset managers with trillions of dollars under management. In its latest 13F, Vanguard disclosed a massive $4.9 billion stake in Flutter Entertainment (NYSE:FLUT), the online betting powerhouse. - a $3.5 billion, 13.8 million-share increase. That's a significant bet on a stock not yet added to major indexes like the S&P 500."
"Flutter Entertainment stands as the global leader in online sports betting and iGaming, boasting a portfolio of powerhouse brands like FanDuel, Paddy Power, Betfair, PokerStars, and Sportsbet. In the U.S., where sports betting has exploded since legalization in 2018, FanDuel commands a 43% market share in gross gaming revenue, outpacing rivals such as DraftKings ( NASDAQ:DKNG ). The company operates in 22 states for sportsbooks, with iGaming in several more."
13F filings reveal institutional buying and selling and can serve as a starting point for independent research rather than direct trade instructions. Vanguard reported a $4.9 billion stake in Flutter Entertainment, including a $3.5 billion, 13.8 million-share increase, indicating an active, deliberate position rather than index-driven buying. Flutter's shares have fallen roughly 26% from their 52-week high and trade under $230 per share. Flutter operates major betting and iGaming brands such as FanDuel, Paddy Power, Betfair, PokerStars, and Sportsbet. FanDuel holds about 43% of U.S. gross gaming revenue and the company runs sportsbooks in 22 states with broader iGaming presence.
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