Liberman Paul

Liberman Paul has demonstrated a clear selling bias in their recent transactions involving DraftKings Inc. (DKNG), with $15.9 million in total sales compared to $1.9 million in purchases across 35 filings. The most significant activity occurred on March 11, 2026, when Paul executed two large sales totaling $12.2 million—one for $10.8 million and another for $1.36 million—alongside smaller market purchases of $33,938 and $271,244. Prior to this, a $1.32 million buy on February 18, 2026, marked the only substantial acquisition in recent months. Smaller transactions include a mix of sales and purchases, such as a $293,333 buy in November 2025 and multiple sub-$500,000 sales in February and March 2026, often coded as derivative transactions (F) or market purchases (M). Paul’s trading activity has been exclusively concentrated in DKNG, with no other company holdings disclosed in the filings. The pattern suggests a gradual unwinding of positions, particularly given the March 2026 sales, which dwarf earlier transactions in scale. While the February 2026 purchase briefly interrupted the selling trend, the subsequent multi-million-dollar disposals indicate a continued reduction in exposure. The absence of recent buys—coupled with the two most recent transactions being sales—reinforces the directional shift toward divestment. The filings reflect a disciplined, albeit one-sided, approach to managing their DKNG stake over time.