Endava plc (DAVA): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Endava plc (DAVA) following the 2026 Q1 hedge fund 13F filings?

As of today, DAVA has moved -31.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.0% for the XLK sector ETF — an outperformance of -35.2%. Since the quarter end (March 31, 2026), DAVA gained -40.3% vs +37.9% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Endava plc (DAVA)

82 + Investors. Track Smart Money conviction in DAVA. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — DAVA

Based on 82 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 9 quarters in a row

last 6Q

For 9 consecutive quarters, more hedge funds reduced or closed their DAVA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🔻

Below peak — only 43% of 3.0Y high

43% of all-time peak

Only 82 funds hold DAVA today versus a peak of 192 funds at 2023 Q4 — just 43% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.

📉

Outflows — 47% fewer funds vs a year ago

fund count last 6Q

73 fewer hedge funds hold DAVA compared to a year ago (-47% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🔴

Heavy selling pressure — only 32% buying

30 buying64 selling

Last quarter: 64 funds sold vs only 30 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

⚠️

Fewer new buyers each quarter (-16 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 8 → 27 → 25 → 9. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 18% medium ■ 16% new

54 out of 82 hedge funds have held DAVA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💎

Buying through price weakness — shares +2%, value -51%

Value

-51%

+1%

Last quarter: funds added +2% more shares while total portfolio value only changed -51%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~9 new funds/quarter

24 → 8 → 27 → 25 → 9 new funds/Q

New funds entering each quarter: 8 → 27 → 25 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 69% veterans vs 17% newcomers

■ 69% veterans ■ 14% 1-2yr ■ 17% new

Entry-cohort mix of 88 holders: 61 (69%) are 2+ year veterans, 12 entered 1–2 years ago, and 15 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

📋

Smaller funds dominant — 11% AUM from top-100

11% from top-100 AUM funds

15 of 80 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

1.4

out of 10

Low Exit Risk

Exit risk score 1.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	82	103	-20.39%
13F Shares	20M	20M	1.81%
Total Value	$63M	$128M	-51.19%
New Positions	9	25	-16
Increased Positions	17	30	-13
Closed Positions	30	42	-12
Reduced Positions	34	33	+1
Total Calls	5	5	-
Total Puts	3	4	-25.0%
PUT/CALL Ratio	0.6	0.8	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

103

-20.39%

13F Shares

20M

1.81%

Total Value

$63M

$128M

-51.19%

New Positions

-16

Increased Positions

-13

Closed Positions

-12

Reduced Positions

Total Calls

Total Puts

-25.0%

PUT/CALL Ratio

0.6

0.8

Bullish

Institutional Holders (2026 Q1)

82 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DAVA. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 DAVA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	CDAM (UK) Ltd	2.89%	2,949,572	$13.0M
2	Paradice Investment Management LLC	2.47%	2,979,268	$13.2M
3	Kerrisdale Advisers, LLC	0.95%	567,416	$2.5M
4	Prescott Group Capital Management, L.L.C.	0.70%	1,592,554	$7.0M
5	Barometer Capital Management INC.	0.16%	106,300	$470K
6	Invenomic Capital Management LP	0.14%	710,345	$3.1M
7	CenterBook Partners LP	0.12%	491,272	$2.2M
8	Sovereign's Capital Management, LLC	0.06%	16,971	$75K
9	SmartHarvest Portfolios, LLC	0.04%	19,059	$84K
10	Alberta Investment Management Corp	0.03%	950,000	$4.2M
11	RAM Investment Partners, LLC	0.02%	26,601	$118K
12	BIP Wealth, LLC	0.02%	98,975	$437K
13	ANTIPODES PARTNERS Ltd	0.01%	132,101	$584K
14	Investors Research Corp	0.01%	11,750	$52K
15	Perennial Advisors, LLC	0.01%	10,000	$44K
16	Rathbones Group PLC	0.01%	360,823	$1.6M
17	Aquatic Capital Management LLC	0.00%	32,077	$142K
18	Hennessy Advisors Inc	0.00%	20,800	$92K
19	Advisory Services Network, LLC	0.00%	44,433	$196K
20	Engineers Gate Manager LP	0.00%	39,641	$175K
21	U.S. Capital Wealth Advisors, LLC	0.00%	18,000	$80K
22	WealthCollab, LLC	0.00%	1,005	$4K
23	Marshall Wace, LLP	0.00%	395,038	$1.7M
24	Public Employees Retirement System of Ohio	0.00%	107,824	$477K
25	State of New Jersey Common Pension Fund D	0.00%	82,819	$366K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Endava plc (DAVA)

What does the Smart Money Trend signal show for DAVA?

Selling streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds reduced or closed their DAVA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for DAVA?

Heavy selling pressure — only 32% buying: Last quarter: 64 funds sold vs only 30 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for DAVA holders?

Smaller funds dominant — 11% AUM from top-100: 15 of 80 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DAVA?

66% of holders stayed for 2+ years: 54 out of 82 hedge funds have held DAVA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Endava plc (DAVA) following the 2026 Q1 hedge fund 13F filings?

As of today, DAVA has moved -31.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.0% for the XLK sector ETF — an outperformance of -35.2%. Since the quarter end (March 31, 2026), DAVA has gained -40.3% vs +37.9% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Endava plc (DAVA)

Smart Money Signals — DAVA

Selling streak — 9 quarters in a row

Below peak — only 43% of 3.0Y high

Outflows — 47% fewer funds vs a year ago

Heavy selling pressure — only 32% buying

Fewer new buyers each quarter (-16 vs last Q)

66% of holders stayed for 2+ years

Buying through price weakness — shares +2%, value -51%

Steady discovery — ~9 new funds/quarter

Veteran-anchored — 69% veterans vs 17% newcomers

Smaller funds dominant — 11% AUM from top-100

Institutional Sentiment Summary — DAVA

Hedge Fund Ownership: DAVA

Market Analysis: DAVA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: DAVA

Is It Too Late to Buy Endava plc (DAVA) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: DAVA

Statistics: DAVA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Endava plc (DAVA)

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