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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

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

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
BlackRock
1
BlackRock
New York
$1.7B -$52.8M -684,664 -3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.56B +$17.4M +225,525 +1%
State Street
3
State Street
Massachusetts
$585M +$3.22M +41,821 +0.5%
JCAM
4
Jericho Capital Asset Management
New York
$343M – – –
Capital World Investors
5
Capital World Investors
California
$304M +$684K +8,880 +0.2%
NMO
6
Newlands Management Operations
Texas
$297M – – –
American Century Companies
7
American Century Companies
Missouri
$294M -$115M -1,488,390 -27%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$292M +$6.15M +79,782 +2%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$281M -$25.5M -331,132 -8%
Renaissance Technologies
10
Renaissance Technologies
New York
$241M -$8.26M -107,199 -3%
Morgan Stanley
11
Morgan Stanley
New York
$224M -$59.8M -776,178 -20%
UBS AM
12
UBS AM
Illinois
$223M -$22.2M -287,965 -9%
ClearBridge Investments
13
ClearBridge Investments
New York
$195M -$5.04M -65,411 -2%
Invesco
14
Invesco
Georgia
$194M +$8.94M +116,047 +5%
Arrowstreet Capital
15
Arrowstreet Capital
Massachusetts
$148M -$1.02M -13,274 -0.6%
Northern Trust
16
Northern Trust
Illinois
$144M +$3.02M +39,140 +2%
Wellington Management Group
17
Wellington Management Group
Massachusetts
$134M +$760K +9,861 +0.5%
Fidelity Investments
18
Fidelity Investments
Massachusetts
$123M -$185M -2,402,196 -58%
DFO
19
Duquesne Family Office
New York
$122M +$30.5M +395,510 +31%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$117M -$1.57M -20,333 -1%
Goldman Sachs
21
Goldman Sachs
New York
$117M +$22.8M +295,682 +22%
Ameriprise
22
Ameriprise
Minnesota
$115M +$20.7M +268,255 +20%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$115M +$3.65M +47,331 +3%
Legal & General Group
24
Legal & General Group
United Kingdom
$110M +$111K +1,436 +0.1%
Charles Schwab
25
Charles Schwab
California
$109M +$5.06M +65,608 +5%
1
2 3 4 5

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.