Dave & Buster's
PLAY
193 hedge funds and large institutions have $1.21B invested in Dave & Buster's in 2025 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 45 increasing their positions, 87 reducing their positions, and 29 closing their positions.
51% more capital invested
Capital invested by funds: $800M → $1.21B (+$408M)
45% more call options, than puts
Call options by funds: $85M | Put options by funds: $58.5M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
28% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 29
3% more funds holding
Funds holding: 187 → 193 (+6)
2.33% more ownership
Funds ownership: 113.32% → 115.65% (+2.3%)
48% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 87
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$15M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$14.5M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$11.3M |
| 4 |
JP Morgan Chase
New York
|
+$4.42M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$3.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$46M |
| 2 |
CM
CastleKnight Management
New York
|
-$18.1M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$16.5M |
| 4 |
BlackRock
New York
|
-$15.5M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$12.2M |
PLAY Hedge Fund Activity: Q2 2025 in Review
193 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Dave & Buster's (PLAY) for Q2 2025, worth a combined $1.21B — up 51% from $800M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new PLAY positions and 29 closed out — a net gain of 8 holders — while 45 added to existing stakes and 87 trimmed.
The largest buyer was Millennium Management, adding an estimated $15M. The largest seller was Nomura Holdings, cutting an estimated $46M.
- 193 institutional investors held Dave & Buster's (PLAY) as of Q2 2025, up from 187 in Q1 2025.
- Funds reported $1.21B of Dave & Buster's stock for Q2 2025, up 51% quarter-over-quarter.
- 37 funds opened new Dave & Buster's positions in Q2 2025 and 29 closed out, a net change of +8 holders.
- The largest Dave & Buster's buyer in Q2 2025 was Millennium Management, an estimated $15M added.
- The largest Dave & Buster's seller in Q2 2025 was Nomura Holdings, an estimated $46M sold.
Based on aggregated 13F filings for Q2 2025.