Harvard University’s endowment manager no longer reports a direct ownership stake in Flutter Entertainment, the Irish parent company of the U.S. gambling brand FanDuel.
Harvard Management Company’s latest public SEC filing shows that it has exited its Flutter position.
Its Q1 2026 Form 13F showed 80,341 Flutter shares worth about $8.19 million as of March 31, 2026.
Its newest filing, dated Aug. 14 and covering holdings as of June 30, contains no directly disclosed Flutter position.
Harvard had already been cutting the stake before exiting the remaining 80,341-share position during the April–June quarter.
In November 2025, Harvard Management Company disclosed ownership of 115,481 shares of Flutter valued at $29.3 million as of Sept. 30, 2025.
The stake represented approximately 1.4% of Harvard Management Company’s disclosed 13F portfolio at the time.
Troubles for Flutter
As of Aug. 19, 2026, Flutter’s stock was down roughly 66% over the prior 12 months. The company recently announced that its CEO will be stepping down.
Harvard Management Company’s divestment from Flutter came amid declining public support for online sports betting in the U.S. More Americans oppose legal sports betting than support it — 44% to 25% — according to an April Ipsos poll.
In December 2025, FanDuel also launched FanDuel Predicts, initially offering prediction markets in five states. The company has specifically targeted sports-event contracts at states without legal online sports betting. Some states have argued that CFTC-regulated sports-event contracts amount to illegal or unlicensed sports wagering under state law.
Harvard Management Company has not publicly said why it exited its Flutter stake.
