10% Owner Kenneth Dart Acquires $43.4M in Total Return Swaps, Increasing Synthetic Long Position
FLUT is trading near its 52-week low of $99.96 (4.9% above the low).
Summary
10% owner Kenneth Dart acquired $43.4 million in Total Return Swaps, further increasing his synthetic long position in Flutter Entertainment, signaling continued conviction near 52-week lows.
Key Events · Ownership and Investor Activity · FLUT
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Significant Synthetic Purchase
Kenneth Dart, a 10% owner, acquired $43,362,760 worth of Total Return Swaps on March 18, 2026, representing a synthetic long position of 400,000 shares.
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Continued Accumulation
This transaction is part of a pattern of substantial synthetic purchases by Mr. Dart, demonstrating ongoing conviction in Flutter Entertainment, following previous acquisitions on March 6, 9, 11, and 12.
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Trading Near 52-Week Lows
The acquisition occurred while Flutter Entertainment's stock is trading near its 52-week low, potentially indicating a belief in future upside from a major investor.
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Aligns with Share Buyback
This insider accumulation coincides with the company's recently announced $250 million share repurchase program on March 11, suggesting alignment in capital allocation strategy.
Analysis · FLUT · Technology
Kenneth Dart, a significant 10% owner, continues to build his synthetic long position in Flutter Entertainment through a substantial $43.4 million acquisition of Total Return Swaps. This transaction, occurring while the stock trades near its 52-week low, signals strong conviction in the company's future prospects. This ongoing accumulation by a major investor, alongside the company's recently announced share repurchase program, could be interpreted as a bullish signal, especially given the company's recent net loss.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FLUT was trading at $104.81 on NYSE in the Technology sector, with a market capitalization of approximately $18.4B. The 52-week trading range was $99.96 to $313.69. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.