Here’s Why Brown Advisory Mid-Cap Growth Strategy Initiated a Position in DraftKings (DKNG)

Brown Advisory, an concern absorption company, released its “Brown Advisory Mid-Cap Growth Strategy” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. The strategy underperformed its benchmark, the Russell Midcap® Growth Index, successful the 3rd 4th of 2025, which accrued astir 3%.  In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its third-quarter 2025 capitalist letter, Brown Advisory Mid-Cap Growth Strategy highlighted stocks specified arsenic DraftKings Inc. (NASDAQ:DKNG). DraftKings Inc. (NASDAQ:DKNG) is simply a integer sports amusement and gaming company. The one-month instrumentality of DraftKings Inc. (NASDAQ:DKNG) was 17.41%, and its shares mislaid 13.58% of their worth implicit the past 52 weeks. On December 17, 2025, DraftKings Inc. (NASDAQ:DKNG) banal closed astatine $34.05 per share, with a marketplace capitalization of $16.949 billion.

Brown Advisory Mid-Cap Growth Strategy stated the pursuing regarding DraftKings Inc. (NASDAQ:DKNG) successful its 3rd 4th 2025 capitalist letter:

"We initiated a presumption successful DraftKings Inc. (NASDAQ:DKNG) to summation vulnerability to the fast-growing online sports betting and iCasino markets, wherever DraftKings and FanDuel person established a beardown duopoly. We expect this ascendant presumption to enactment expanding portion economics and faster maturation arsenic further states legalize online wagering."

DraftKings Inc. (NASDAQ:DKNG) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. According to our database, 68 hedge money portfolios held DraftKings Inc. (NASDAQ:DKNG) astatine the extremity of the 3rd quarter, up from 66 successful the erstwhile quarter. In the 3rd 4th 2025, DraftKings Inc. (NASDAQ:DKNG) generated $1.144 cardinal of revenue, representing a 4% year-over-year growth. While we admit the imaginable of DraftKings Inc. (NASDAQ:DKNG) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

In another article, we covered DraftKings Inc. (NASDAQ:DKNG) and shared the database of stocks Jim Cramer discussed. In addition, delight cheque retired our hedge money capitalist letters Q3 2025 page for much capitalist letters from hedge funds and different starring investors.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.