DoubleVerify
293 hedge funds and large institutions have $2.17B invested in DoubleVerify in 2025 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 98 increasing their positions, 120 reducing their positions, and 70 closing their positions.
428% more call options, than puts
Call options by funds: $28.5M | Put options by funds: $5.39M
2.74% less ownership
Funds ownership: 100.61% → 97.87% (-2.7%)
8% less funds holding
Funds holding: 318 → 293 (-25)
18% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 120
31% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 70
34% less capital invested
Capital invested by funds: $3.27B → $2.17B (-$1.1B)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Sunriver Management
Greenwich,
Connecticut
|
+$31.1M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$30.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$18.2M |
| 4 |
NM
Newtyn Management
New York
|
+$16.6M |
| 5 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
+$15.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
-$36.7M |
| 2 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
-$30.7M |
| 3 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
-$26.4M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$25.6M |
| 5 |
Millennium Management
New York
|
-$23.7M |
DV Hedge Fund Activity: Q1 2025 in Review
293 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in DoubleVerify (DV) for Q1 2025, worth a combined $2.17B — down 34% from $3.27B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of DV and 48 opened new positions — a net loss of 22 holders — while 120 trimmed existing stakes and 98 added.
The largest buyer was Sunriver Management, opening a new position worth an estimated $31.1M. The largest seller was Man Group, exiting entirely with an estimated $36.7M sold.
- 293 institutional investors held DoubleVerify (DV) as of Q1 2025, down from 318 in Q4 2024.
- Funds reported $2.17B of DoubleVerify stock for Q1 2025, down 34% quarter-over-quarter.
- 48 funds opened new DoubleVerify positions in Q1 2025 and 70 closed out, a net change of -22 holders.
- The largest DoubleVerify buyer in Q1 2025 was Sunriver Management, an estimated $31.1M added.
- The largest DoubleVerify seller in Q1 2025 was Man Group, an estimated $36.7M sold.
Based on aggregated 13F filings for Q1 2025.