Parvus doubles Flutter stake to become second-largest owner
Parvus Asset Management doubled its stake in Flutter to 10.7% on Friday. The hedge fund is now the second-largest investor in the online betting giant.
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Activist investor Parvus Asset Management has more than doubled its ownership in Flutter Entertainment plc, the parent company of FanDuel, according to recent data compiled by LSEG. The hedge fund's stake in the gambling giant rose to 10.7%, up from a previous holding of 5.1%, positioning it as the firm's second-largest investor.
