Kenneth Dart Extends Buying Streak with $46.4M in Total Return Swaps
FLUT is trading near its 52-week low of $89.71 (5.6% above the low).
Summary
10% owner Kenneth Dart purchased $46.4 million in Total Return Swaps, extending a multi-month buying streak and increasing his economic stake in Flutter Entertainment.
Key Events · Ownership and Investor Activity · FLUT
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$46.4M Swap Purchase
Kenneth Dart acquired 499,874 notional shares via Total Return Swaps at a reference price of $92.83, totaling $46.4 million.
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Aggregate Position Exceeds 21.2M Shares
Post-transaction, Dart's aggregate notional position reaches 21,227,847 shares, representing a significant economic stake.
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Continued Accumulation Pattern
This is the fifth large swap purchase by Dart since May 2026, totaling over $175 million in notional exposure added during the period.
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Swap Terms
The swap matures March 2, 2028, is cash-settled, and requires Dart to pay monthly interest based on OBFR while receiving dividend equivalents.
Analysis · FLUT · Technology
On August 6, 10% owner Kenneth Dart purchased $46.4 million in Total Return Swaps, continuing a pattern of large, open-market derivative buys that began in May. The transaction lifts his aggregate notional position to over 21.2 million shares, reinforcing his conviction in Flutter despite the company's recent $296M Q2 loss and CEO transition. While the swaps are cash-settled and provide economic exposure without direct share ownership, the consistent accumulation by a sophisticated investor is a notable vote of confidence.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.5% of the 1626 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. 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 $94.75 on NYSE in the Technology sector, with a market capitalization of approximately $16.4B. The 52-week trading range was $89.71 to $309.41. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.