Dave Inc
DAVE
15 hedge funds and large institutions have $8.37M invested in Dave Inc in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 22 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
13.08% more ownership
Funds ownership: 0.34% → 13.41% (+13%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
19% less capital invested
Capital invested by funds: $10.3M → $8.37M (-$1.9M)
55% less funds holding
Funds holding: 33 → 15 (-18)
82% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
+$2.61M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$175K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$171K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$138K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$79.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Corbin Capital Partners
New York
|
-$702K |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$81.7K |
| 3 |
Renaissance Technologies
New York
|
-$67K |
| 4 |
Bank of New York Mellon
New York
|
-$61.4K |
| 5 |
VCM
Vetamer Capital Management
Menlo Park,
California
|
-$60.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIC
26
Johnson Investment Counsel
Cincinnati,
Ohio
| – | -$8.53K | -919 | Closed |
|
27
UBS Group
Zurich,
Switzerland
| – | -$6.34K | -683 | Closed |
|
28
Victory Capital Management
San Antonio,
Texas
| – | -$5.69K | -613 | Closed |
|
|
TI
29
Tidal Investments
Milwaukee,
Wisconsin
| – | -$5K | -580 | Closed |
|
|
MC
30
Moors & Cabot
Boston,
Massachusetts
| – | -$4.21K | -453 | Closed |
|
|
HF
31
HRT Financial
New York
| – | -$3K | -421 | Closed |
|
32
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$3K | -313 | Closed |
|
33
Corient Private Wealth
Miami,
Florida
| – | -$2.9K | -313 | Closed |
|
34
Simplex Trading
Chicago,
Illinois
| – | -$1K | -176 | Closed |
|
|
CG
35
Cutler Group
San Francisco,
California
| – | -$244 | -30 | -63% |
|
36
Bank of America
Charlotte,
North Carolina
| – | -$62 | -7 | Closed |
|
DAVE Hedge Fund Activity: Q1 2023 in Review
15 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Dave Inc (DAVE) for Q1 2023, worth a combined $8.37M — down 19% from $10.3M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of DAVE and 4 opened new positions — a net loss of 18 holders — while 3 trimmed existing stakes and 5 added.
The largest buyer was Whetstone Capital Advisors, opening a new position worth an estimated $2.61M. The largest seller was Corbin Capital Partners, exiting entirely with an estimated $702K sold.
- 15 institutional investors held Dave Inc (DAVE) as of Q1 2023, down from 33 in Q4 2022.
- Funds reported $8.37M of Dave Inc stock for Q1 2023, down 19% quarter-over-quarter.
- 4 funds opened new Dave Inc positions in Q1 2023 and 22 closed out, a net change of -18 holders.
- The largest Dave Inc buyer in Q1 2023 was Whetstone Capital Advisors, an estimated $2.61M added.
- The largest Dave Inc seller in Q1 2023 was Corbin Capital Partners, an estimated $702K sold.
Based on aggregated 13F filings for Q1 2023.