Docebo
DCBO
104 hedge funds and large institutions have $363M invested in Docebo in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 35 increasing their positions, 42 reducing their positions, and 16 closing their positions.
0.72% less ownership
Funds ownership: 43% → 42.27% (-0.72%)
8% less funds holding
Funds holding: 113 → 104 (-9)
17% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 42
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
38% less capital invested
Capital invested by funds: $585M → $363M (-$222M)
56% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 16
74% less call options, than puts
Call options by funds: $301K | Put options by funds: $1.14M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WP
Warburg Pincus
New York
|
+$13.7M |
| 2 |
LPP
Long Path Partners
Stamford,
Connecticut
|
+$6.1M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.93M |
| 4 |
NWM
Nicola Wealth Management
Vancouver,
British Columbia, Canada
|
+$4.5M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$4.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$27.4M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$10.6M |
| 3 |
AAMU
AEGON Asset Management (UK)
Edinburgh,
United Kingdom
|
-$8.17M |
| 4 |
BCM
Barrier Capital Management
San Francisco,
California
|
-$6.25M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$5.16M |
DCBO Hedge Fund Activity: Q1 2025 in Review
104 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Docebo (DCBO) for Q1 2025, worth a combined $363M — down 38% from $585M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of DCBO and 7 opened new positions — a net loss of 9 holders — while 42 trimmed existing stakes and 35 added.
The largest buyer was Warburg Pincus, adding an estimated $13.7M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $27.4M sold.
- 104 institutional investors held Docebo (DCBO) as of Q1 2025, down from 113 in Q4 2024.
- Funds reported $363M of Docebo stock for Q1 2025, down 38% quarter-over-quarter.
- 7 funds opened new Docebo positions in Q1 2025 and 16 closed out, a net change of -9 holders.
- The largest Docebo buyer in Q1 2025 was Warburg Pincus, an estimated $13.7M added.
- The largest Docebo seller in Q1 2025 was Hillsdale Investment Management, an estimated $27.4M sold.
Based on aggregated 13F filings for Q1 2025.