Draganfly Inc.

DPRO • NASDAQ

Draganfly Inc. is a aerospace & defense company in the industrials sector on NASDAQ, led by Paul Sun, with a market cap of $178.3M. As of Q3 2025, 11% of shares are held by 45 institutional investors, with JANE STREET GROUP, LLC as the largest holder at 2.24%.

CEOPaul Sun

Market Cap$178.3M

Aerospace & Defense

Industrials

Employees54.0

Websitedraganfly.com

Overview

Overview of institutional ownership in DPRO as of Q3 2025 with a market cap of $152.3M

All Institutions

Institutions: 45
Value Held: $16.5M
Shares Held: 2.0M
Avg Position: $367.4K
Median Position: $61.1K

Hedge Funds

Hedge Funds: 7
Value Held: $3.2M
Shares Held: 387.1K
Avg Position: $450.2K
Median Position: $308.9K

Ownership Breakdown

Institutional (non-HF)

8.79%

$13.4M

Hedge Funds

2.07%

$3.2M

Retail & Other

89.14%

$135.7M

Based on market cap of $152.3M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DPRO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
J JANE STREET GROUP, LLC Institution	-	$3.4M 0.00% of portfolio	2.24% 418.4K shares	Q2 2025 Held for 5 months	$84.1B
KIECKHEFER GROUP LLC RIA/Wealth	Robert Allison Kieckhefer Managing Partner	$2.6M 1.19% of portfolio	1.69% 315.7K shares	Q4 2024 Held for 11 months	$215.2M
D DnB Asset Management AS Institution	-	$2.2M 0.01% of portfolio	1.44% 269.6K shares	Q2 2025 Held for 5 months	$26.8B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.4M 0.00% of portfolio	0.91% 170.0K shares	Q4 2021 Held for 3y 11m	$1.65T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$1.4M 0.00% of portfolio	0.90% 168.1K shares	Q3 2025 Held for 2 months	$75.8B
H HRT FINANCIAL LLC Institution	-	$1.4M 0.01% of portfolio	0.89% 167.2K shares	Q2 2025 Held for 5 months	$21.1B
V Virtu Financial LLC Institution	-	$893.6K 0.05% of portfolio	0.59% 109.8K shares	Q3 2025 Held for 2 months	$1.6B
M MYDA Advisors LLC Hedge Fund•Long/Short	Jason Marc Lieber Managing Partner	$569.8K 0.19% of portfolio	0.37% 70.0K shares	Q3 2025 Held for 2 months	$305.2M
Scientech Research LLC Hedge Fund•Market Neutral	Rui Wei Managing Partner	$514.4K 0.18% of portfolio	0.34% 63.2K shares	Q3 2025 Held for 2 months	$283.5M
Centiva Capital, LP Hedge Fund•Multi-Strategy	Timothy Michael Higgins CFO	$308.9K 0.03% of portfolio	0.20% 37.9K shares	Q3 2025 Held for 2 months	$1.1B

Net Capital Flow

Institutional buying and selling activity for DPRO in Q3 2025

Traded: +$13.0M
Buyers: 40
Sellers: 5
Total Bought: +$13.1M
Total Sold: −$124.8K
Avg Position: $351.7K

Biggest Buyers

Institution	Net Bought	Current Position
J JANE STREET GROUP, LLC Institution	+$3.3M +407.3K shares	$3.4M 418.4K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$1.4M +168.1K shares	$1.4M 168.1K shares
D DnB Asset Management AS Institution	+$1.3M +162.4K shares	$2.2M 269.6K shares
H HRT FINANCIAL LLC Institution	+$1.1M +140.2K shares	$1.4M 167.2K shares
KIECKHEFER GROUP LLC RIA/Wealth	+$936.1K +115.0K shares	$2.6M 315.7K shares
V Virtu Financial LLC Institution	+$893.6K +109.8K shares	$893.6K 109.8K shares
MORGAN STANLEY RIA/Wealth	+$812.8K +99.9K shares	$1.4M 170.0K shares
M MYDA Advisors LLC Hedge Fund•Long/Short	+$569.8K +70.0K shares	$569.8K 70.0K shares
Scientech Research LLC Hedge Fund•Market Neutral	+$514.4K +63.2K shares	$514.4K 63.2K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	+$308.9K +37.9K shares	$308.9K 37.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
X XTX Topco Ltd Institution	−$64.9K −20.5K shares	Sold Off 0 shares
WELLS FARGO & COMPANY/MN Institution	−$49.9K −6.1K shares	$32.5K 4.0K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$6.3K −2.0K shares	Sold Off 0 shares
N NATIONAL BANK OF CANADA /FI/ Institution	−$2.5K −445.0 shares	$2.7K 487.0 shares
T TD Waterhouse Canada Inc. Institution	−$1.3K −136.0 shares	$222.0 24.0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DPRO in Q3 2025

New Positions: 22
New Value: $3.0M
Exited Positions: 2
Exited Value: $71.2K

New Positions

Institution	Position Value
M MYDA Advisors LLC Hedge Fund•Long/Short	$569.8K 70.0K shares
Scientech Research LLC Hedge Fund•Market Neutral	$514.4K 63.2K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$308.9K 37.9K shares
W WOLVERINE TRADING, LLC Institution	$293.4K 42.2K shares
L LPL Financial LLC Institution	$275.4K 33.8K shares
Connective Capital Management, LLC Hedge Fund•Long/Short	$200.6K 24.6K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	$140.8K 17.3K shares
VERUS CAPITAL PARTNERS, LLC RIA/Wealth	$111.1K 13.7K shares
S SG Americas Securities, LLC Institution	$89.2K 11.0K shares
Q Quadrature Capital Ltd Institution	$88.0K 10.8K shares

Exited Positions

Institution	Previous Position
X XTX Topco Ltd Institution	$64.9K 20.5K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$6.3K 2.0K shares

Options Activity

Institutions with the largest Call and Put options positions in DPRO as of Q3 2025

Call Positions: 8
Call Value: $19.6M
Put Positions: 5
Put Value: $2.1M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$9.5M 11.7K contracts
J JANE STREET GROUP, LLC Institution	$5.0M 6.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.9M 2.3K contracts
P PEAK6 LLC Institution	$1.7M 2.1K contracts
M Murchinson Ltd. Institution	$814.0K 1.0K contracts
W WOLVERINE TRADING, LLC Institution	$452.4K 651.0 contracts
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$223.0K 274.0 contracts
B Belvedere Trading LLC Institution	$96.9K 119.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.5M 1.9K contracts
J JANE STREET GROUP, LLC Institution	$353.9K 433.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$140.8K 173.0 contracts
W WOLVERINE TRADING, LLC Institution	$82.0K 118.0 contracts
B Belvedere Trading LLC Institution	$1.6K 2.0 contracts

Most Committed Institutions

Institutions with DPRO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
KIECKHEFER GROUP LLC RIA/Wealth	Robert Allison Kieckhefer Managing Partner	1.19% $2.6M	1.69% 315.7K shares	Q4 2024 Held for 11 months	$215.2M
M MYDA Advisors LLC Hedge Fund•Long/Short	Jason Marc Lieber Managing Partner	0.19% $569.8K	0.37% 70.0K shares	Q3 2025 Held for 2 months	$305.2M
Connective Capital Management, LLC Hedge Fund•Long/Short	Robert Magnus Romero CEO	0.18% $200.6K	0.13% 24.6K shares	Q3 2025 Held for 2 months	$108.7M
Scientech Research LLC Hedge Fund•Market Neutral	Rui Wei Managing Partner	0.18% $514.4K	0.34% 63.2K shares	Q3 2025 Held for 2 months	$283.5M
Gordian Capital Singapore Pte Ltd Fund of Funds	Mark Robert Voumard CEO	0.11% $77.3K	0.05% 9.5K shares	Q3 2025 Held for 2 months	$72.7M
V Virtu Financial LLC Institution	-	0.05% $893.6K	0.59% 109.8K shares	Q3 2025 Held for 2 months	$1.6B
Centiva Capital, LP Hedge Fund•Multi-Strategy	Timothy Michael Higgins CFO	0.03% $308.9K	0.20% 37.9K shares	Q3 2025 Held for 2 months	$1.1B
WEXFORD CAPITAL LP Hedge Fund•Multi-Strategy	Charles Eugene Davidson Chairman	0.02% $66.5K	0.04% 8.2K shares	Q3 2025 Held for 2 months	$330.0M
D DnB Asset Management AS Institution	-	0.01% $2.2M	1.44% 269.6K shares	Q2 2025 Held for 5 months	$26.8B
VERUS CAPITAL PARTNERS, LLC RIA/Wealth	Zachary Taylor Mason Managing Partner	0.01% $111.1K	0.07% 13.7K shares	Q3 2025 Held for 2 months	$1.4B

Hedge Fund Spotlight

Discover hedge funds investing in DPRO

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in Draganfly Inc.

Market Value: $123.1K
Shares Held: 15.1K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%