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DocuSign
DOCU

812 hedge funds and large institutions have $12.2B invested in DocuSign in 2025 Q3 according to their latest regulatory filings, with 131 funds opening new positions, 272 increasing their positions, 292 reducing their positions, and 88 closing their positions.

New
Increased
Maintained
Reduced
Closed

49% more first-time investments, than exits

New positions opened: 131 | Existing positions closed: 88

4% more funds holding

Funds holding: 778 → 812 (+34)

5% more call options, than puts

Call options by funds: $402M | Put options by funds: $382M

7% less repeat investments, than reductions

Existing positions increased: 272 | Existing positions reduced: 292

2.91% less ownership

Funds ownership: 86.95% → 84.04% (-2.9%)

11% less capital invested

Capital invested by funds: $13.7B → $12.2B (-$1.48B)

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
812
Holders Change
+34
Holders Change %
+4.37%
% of All Funds
10.66%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.04%
New
131
Increased
272
Reduced
292
Closed
88
Calls
$402M
Puts
$382M
Net Calls
+$19.9M
Net Calls Change
-$6.43M

Top Buyers

Rank Fund Capital Flow
1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$112M
2
WP
Woodline Partners
California
+$73.6M
3
Squarepoint
Squarepoint
New York
+$57.8M
4
Millennium Management
Millennium Management
New York
+$44.2M
5
AAF
Andra AP-fonden
Sweden
+$37.4M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$185M
2
American Century Companies
American Century Companies
Missouri
-$115M
3
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$111M
4
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
-$78.3M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$60.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
QWM
801
Quaker Wealth Management
New Jersey
$217 – – –
TIM
802
Tortoise Investment Management
New York
$216 -$462 -6 -67%
EPIM
803
Evelyn Partners Investment Management
$216 – – –
SA
804
Seneschal Advisors
Washington
$145 +$154 +2 New
HC
805
Hurley Capital
New York
$144 – – –
PWAM
806
Private Wealth Asset Management
Iowa
$144 – – –
DFA
807
DHJJ Financial Advisors
Illinois
$73 – – –
TFM
808
TFC Financial Management
Massachusetts
$73 – – –
CAC
809
Core Alternative Capital
Georgia
$72 – – –
NB
810
NBT Bank
New York
$72 – – –
PA
811
Pineridge Advisors
Missouri
$72 – – –
AWM
812
Activest Wealth Management
Florida
$72 +$77 +1 New
Norges Bank
813
Norges Bank
Norway
– -$141M -1,810,082 Closed
Massachusetts Financial Services
814
Massachusetts Financial Services
Massachusetts
– -$60.2M -772,289 Closed
Jennison Associates
815
Jennison Associates
New York
– -$55.2M -708,149 Closed
TP
816
Third Point
New York
– -$48.7M -625,000 Closed
CAM
817
Contour Asset Management
New York
– -$48.6M -623,503 Closed
CCM
818
Candlestick Capital Management
Connecticut
– -$30M -385,137 Closed
SC
819
Styrax Capital
New York
– -$19.2M -247,111 Closed
ARAM
820
Ardmore Road Asset Management
New York
– -$12.2M -156,000 Closed
TC
821
Tairen Capital
Hong Kong
– -$7.87M -101,011 Closed
PA
822
Proem Advisors
Texas
– -$6.23M -80,000 Closed
Axa
823
Axa
France
– -$6.02M -77,327 Closed
MC
824
Maverick Capital
Texas
– -$5.13M -65,829 Closed
PAMS
825
Pinpoint Asset Management (Singapore)
– -$4.44M -56,985 Closed
31 32
33
34 35

DOCU Hedge Fund Activity: Q3 2025 in Review

812 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in DocuSign (DOCU) for Q3 2025, worth a combined $12.2B — down 11% from $13.7B a quarter earlier.

Buyers outnumbered sellers: 131 funds opened new DOCU positions and 88 closed out — a net gain of 43 holders — while 272 added to existing stakes and 292 trimmed.

The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $112M. The largest seller was Fidelity Investments, cutting an estimated $185M.

  • 812 institutional investors held DocuSign (DOCU) as of Q3 2025, up from 778 in Q2 2025.
  • Funds reported $12.2B of DocuSign stock for Q3 2025, down 11% quarter-over-quarter.
  • 131 funds opened new DocuSign positions in Q3 2025 and 88 closed out, a net change of +43 holders.
  • The largest DocuSign buyer in Q3 2025 was Balyasny Asset Management, an estimated $112M added.
  • The largest DocuSign seller in Q3 2025 was Fidelity Investments, an estimated $185M sold.

Based on aggregated 13F filings for Q3 2025.