Docebo
DCBO
89 hedge funds and large institutions have $343M invested in Docebo in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 32 increasing their positions, 26 reducing their positions, and 16 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 26
3.15% more ownership
Funds ownership: 40.38% → 43.53% (+3.1%)
1% more capital invested
Capital invested by funds: $340M → $343M (+$2.92M)
2% less funds holding
Funds holding: 91 → 89 (-2)
13% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 16
22% less call options, than puts
Call options by funds: $607K | Put options by funds: $778K
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$26.3M |
| 2 |
TCM
Topline Capital Management
Santa Monica,
California
|
+$8.1M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.06M |
| 4 |
Two Sigma Investments
New York
|
+$3.3M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPP
Long Path Partners
Stamford,
Connecticut
|
-$4.88M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$4.45M |
| 3 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$4.4M |
| 4 |
TM
TFJ Management
Somerville,
Massachusetts
|
-$4.26M |
| 5 |
D.E. Shaw & Co
New York
|
-$2.91M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Raymond James Financial
St Petersburg,
Florida
| – | -$17.4K | -600 | Closed |
|
102
Daiwa Securities Group
Tokyo,
Japan
| – | -$12K | -420 | Closed |
|
103
Group One Trading
Chicago,
Illinois
| – | -$2.89K | -100 | Closed |
|
104
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$926 | -32 | Closed |
|
105
Wells Fargo
San Francisco,
California
| – | -$464 | -16 | Closed |
|
DCBO Hedge Fund Activity: Q3 2025 in Review
89 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Docebo (DCBO) for Q3 2025, worth a combined $343M — up 0.86% from $340M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of DCBO and 14 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 32 added.
The largest buyer was Beutel, Goodman & Co, adding an estimated $26.3M. The largest seller was Long Path Partners, cutting an estimated $4.88M.
- 89 institutional investors held Docebo (DCBO) as of Q3 2025, down from 91 in Q2 2025.
- Funds reported $343M of Docebo stock for Q3 2025, up 0.86% quarter-over-quarter.
- 14 funds opened new Docebo positions in Q3 2025 and 16 closed out, a net change of -2 holders.
- The largest Docebo buyer in Q3 2025 was Beutel, Goodman & Co, an estimated $26.3M added.
- The largest Docebo seller in Q3 2025 was Long Path Partners, an estimated $4.88M sold.
Based on aggregated 13F filings for Q3 2025.