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DocuSign
DOCU

1,007 hedge funds and large institutions have $22.8B invested in DocuSign in 2021 Q4 according to their latest regulatory filings, with 207 funds opening new positions, 409 increasing their positions, 305 reducing their positions, and 219 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 409 | Existing positions reduced: 305

5% less first-time investments, than exits

New positions opened: 207 | Existing positions closed: 219

1.43% less ownership

Funds ownership: 77.48% → 76.05% (-1.4%)

3% less funds holding

Funds holding: 1,037 → 1,007 (-30)

31% less call options, than puts

Call options by funds: $1.85B | Put options by funds: $2.69B

39% less funds holding in top 10

Funds holding in top 10: 23 → 14 (-9)

42% less capital invested

Capital invested by funds: $39.1B → $22.8B (-$16.3B)

Holders
1,007
Holders Change
-30
Holders Change %
-2.89%
% of All Funds
15.5%
Holding in Top 10
14
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-39.13%
% of All Funds
0.22%
New
207
Increased
409
Reduced
305
Closed
219
Calls
$1.85B
Puts
$2.69B
Net Calls
-$840M
Net Calls Change
+$9.7M

Top Buyers

1
Polen Capital Management
Polen Capital Management
Florida
+$852M
2
Fisher Asset Management
Fisher Asset Management
Washington
+$696M
3
Swedbank
Swedbank
Sweden
+$226M
4
NAMA
Nikko Asset Management Americas
New York
+$182M
5
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$177M

Top Sellers

1
Jennison Associates
Jennison Associates
New York
-$1.48B
2
Morgan Stanley
Morgan Stanley
New York
-$992M
3
Invesco
Invesco
Georgia
-$335M
4
SM
SCGE Management
California
-$323M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$297M
Name Holding Trade Value Shares
Change 		Change in
Stake
National Bank of Canada
101
National Bank of Canada
Quebec, Canada
$26M +$38.8M +170,337 New
OWP
102
Obermeyer Wealth Partners
Colorado
$24.9M +$887K +3,891 +2%
ACL
103
APEIRON Capital Ltd
Hong Kong
$23.5M +$17.9M +78,500 +103%
SEI Investments
104
SEI Investments
Pennsylvania
$22.1M +$15.5M +67,968 +88%
Dimensional Fund Advisors
105
Dimensional Fund Advisors
Texas
$21.6M +$141K +620 +0.4%
MSV
106
MN Services Vermogensbeheer
Netherlands
$21.6M +$661K +2,900 +2%
CRCM
107
Cat Rock Capital Management
Connecticut
$21.3M +$31.9M +140,000 New
BNP Paribas Financial Markets
108
BNP Paribas Financial Markets
France
$21.2M +$18.1M +79,532 +133%
Flossbach Von Storch
109
Flossbach Von Storch
Germany
$19.8M +$29.6M +130,000 New
State of Wisconsin Investment Board
110
State of Wisconsin Investment Board
Wisconsin
$19.6M +$1.87M +8,216 +7%
Robeco Institutional Asset Management
111
Robeco Institutional Asset Management
Netherlands
$19.5M +$1.53M +6,723 +6%
RPI
112
Railway Pension Investments
United Kingdom
$19.3M – – –
AQR Capital Management
113
AQR Capital Management
Connecticut
$19M -$2.35M -10,323 -8%
Renaissance Technologies
114
Renaissance Technologies
New York
$18.8M -$205M -897,000 -88%
PAM
115
Panagora Asset Management
Massachusetts
$18.8M +$4M +17,528 +17%
Stifel Financial
116
Stifel Financial
Missouri
$17.9M -$5.74M -25,187 -18%
Thrivent Financial for Lutherans
117
Thrivent Financial for Lutherans
Minnesota
$17.6M -$1.21M -5,319 -5%
SIMG
118
Stephens Investment Management Group
Texas
$17.4M -$9.69M -42,494 -27%
State of New Jersey Common Pension Fund D
119
State of New Jersey Common Pension Fund D
New Jersey
$17.3M -$151K -662 -0.6%
SC
120
Shearwater Capital
Colorado
$17.3M +$25.9M +113,713 New
SO
121
STRS Ohio
Ohio
$17.2M +$8.18M +35,878 +47%
SCH
122
Sylebra Capital (HK)
Hong Kong
$17.1M -$41.9M -183,832 -62%
Twin Tree Management
123
Twin Tree Management
Texas
$16.4M +$11M +48,426 +81%
Treasurer of the State of North Carolina
124
Treasurer of the State of North Carolina
North Carolina
$16.4M +$2.2M +9,643 +10%
WorldQuant Millennium Advisors
125
WorldQuant Millennium Advisors
New York
$16.2M -$16.9M -73,943 -41%
3 4
5
6 7

DOCU Hedge Fund Activity: Q4 2021 in Review

1,007 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in DocuSign (DOCU) for Q4 2021, worth a combined $22.8B — down 42% from $39.1B a quarter earlier.

Sellers outnumbered buyers: 219 funds closed out of DOCU and 207 opened new positions — a net loss of 12 holders — while 305 trimmed existing stakes and 409 added.

The largest buyer was Polen Capital Management, opening a new position worth an estimated $852M. The largest seller was Jennison Associates, exiting entirely with an estimated $1.48B sold.

  • 1,007 institutional investors held DocuSign (DOCU) as of Q4 2021, down from 1,037 in Q3 2021.
  • Funds reported $22.8B of DocuSign stock for Q4 2021, down 42% quarter-over-quarter.
  • 207 funds opened new DocuSign positions in Q4 2021 and 219 closed out, a net change of -12 holders.
  • The largest DocuSign buyer in Q4 2021 was Polen Capital Management, an estimated $852M added.
  • The largest DocuSign seller in Q4 2021 was Jennison Associates, an estimated $1.48B sold.

Based on aggregated 13F filings for Q4 2021.