Stock Analysis
Data Source: SEC EDGAR 13F
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Docusign Inc (DOCU)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -40
Streak
3Q ▼
Buyers last Q
47%

Smart Money Signals — DOCU

Based on 667 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their DOCU positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 84% of 3.0Y peak

84% of all-time peak
667 funds currently hold this stock — 84% of the 3.0-year high of 798 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 14% fewer funds vs a year ago

fund count last 6Q
108 fewer hedge funds hold DOCU compared to a year ago (-14% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 47% buying

346 buying383 selling
Last quarter: 383 funds reduced or exited vs 346 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-14 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 130 → 116 → 109 → 95. 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.
🔒

65% of holders stayed for 2+ years

65% conviction (2yr+) 20% medium 15% new
433 out of 667 hedge funds have held DOCU 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.
📊

Peak discovery — momentum slowing

98 → 130 → 116 → 109 → 95 new funds/Q
New funds entering each quarter: 130 → 116 → 109 → 95. DOCU is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 71% veterans vs 16% newcomers

71% veterans 13% 1-2yr 16% new
Entry-cohort mix of 697 holders: 492 (71%) are 2+ year veterans, 94 entered 1–2 years ago, and 111 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 62% AUM from top-100 funds

62% from top-100 AUM funds
64 of 665 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in DOCU. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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.

Institutional Sentiment Summary — DOCU

In 2026 Q2, 346 hedge funds were net buyers of DOCU (95 opened a new position, 251 added to an existing one), while 383 reduced or exited (248 trimmed, 135 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 62% of total institutional value in DOCU is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -40 funds (more exits than new entries). Total institutional holders: 667.

Hedge Fund Ownership: DOCU

How many hedge funds hold DOCU — quarterly history vs. share price
Quarterly hedge fund ownership of DOCU vs. share price

Market Analysis: DOCU

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DOCU

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

26 top-rated funds 1 high-conviction
Consensus
6.2
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: DOCU
662 + Investors

Track Smart Money conviction in DOCU. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 662 707 -6.36%
13F Shares 184M 187M -1.83%
Total Value $7.97B $8.65B -7.9%
New Positions 93 109 -16
Increased Positions 232 262 -30
Closed Positions 136 177 -41
Reduced Positions 244 234 +10
Total Calls 18 27 -33.33%
Total Puts 14 21 -33.33%
PUT/CALL Ratio 0.78 0.78 Neutral

Statistics: DOCU

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Valuation Measures Data as of: --

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Financial Highlights

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Institutional Holders (2026 Q2)

662 + investors

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

QUARTER:
Top 25 DOCU holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Shearwater Capital LLC 2.41% 113,428 $5.0M
2 Global Alpha Capital Management Ltd. 1.79% 673,986 $29.9M
3 Collar Capital Management, LLC 1.69% 64,559 $2.9M
4 Silver Lake Advisory, LLC 1.41% 89,012 $4.0M
5 Andrew Hill Investment Advisors, Inc. 1.36% 41,337 $1.8M
6 Board of the Pension Protection Fund 1.24% 29,500 $1.3M
7 Mork Capital Management, LLC 1.14% 40,000 $1.8M
8 Ceera Investments, LLC 1.09% 57,627 $2.6M
9 Westbourne Investment Advisors, Inc. 0.98% 80,120 $3.6M
10 Selective Wealth Management, Inc. 0.94% 67,719 $3.6M
11 WealthTrust Axiom LLC 0.85% 85,193 $3.8M
12 Quinn Opportunity Partners LLC 0.83% 401,280 $17.8M
13 Distillate Capital Partners LLC 0.75% 323,122 $14.4M
14 Oak Family Advisors, LLC 0.68% 60,240 $2.7M
15 Gilman Hill Asset Management, LLC 0.57% 93,051 $4.1M
16 Lifestyle Asset Management, Inc. 0.45% 37,931 $1.7M
17 ClearAlpha Technologies LP 0.42% 5,560 $247K
18 CapWealth Advisors, LLC 0.40% 129,678 $5.8M
19 Heron Bay Capital Management 0.39% 96,243 $4.3M
20 Syon Capital LLC 0.39% 199,125 $8.8M
21 Trek Financial, LLC 0.38% 171,737 $7.6M
22 Destiny Capital Corp/CO 0.37% 17,937 $797K
23 Lecap Asset Management Ltd 0.36% 19,096 $848K
24 Mitchell & Pahl Private Wealth, LLC 0.36% 22,123 $983K
25 Susquehanna Fundamental Investments, LLC 0.35% 415,810 $18.5M
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 — Docusign Inc (DOCU)

What does the Smart Money Trend signal show for DOCU?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their DOCU 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 DOCU?

More sellers than buyers — 47% buying: Last quarter: 383 funds reduced or exited vs 346 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for DOCU holders?

Elite ownership — 62% AUM from top-100 funds: 64 of 665 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in DOCU. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DOCU?

65% of holders stayed for 2+ years: 433 out of 667 hedge funds have held DOCU 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.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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