Brown Advisory released its third-quarter 2025 investor letter, showing underperformance compared to the Russell Midcap® Growth Index. The letter highlighted DraftKings Inc. (DKNG), a digital sports entertainment and gaming company. DKNG had a one-month return of 17.41% and a market capitalization of $16.949 billion on December 17, 2025.

The investor letter stated Brown Advisory initiated a position in DraftKings Inc. (DKNG) to tap into the growing online sports betting market. Despite positive revenue growth in the third quarter of 2025, other AI stocks may offer higher upside potential and less downside risk.

DraftKings Inc. (DKNG) was not among the 30 most popular stocks among hedge funds in the third quarter of 2025. While the company saw a 4% year-over-year revenue growth, some AI stocks may offer better investment opportunities. Check out Jim Cramer’s stock picks and other hedge fund investor letters for more insights.

For more on the best and worst Dow stocks for the next 12 months and unstoppable stocks that could double your money, visit the provided links. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Here’s Why Brown Advisory Mid-Cap Growth Strategy Initiated a Position in DraftKings (DKNG)