Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Dave & Busters Entmt Inc (PLAY)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -18
Streak
1Q ▼
Buyers last Q
46%

Smart Money Signals — PLAY

Based on 172 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their PLAY 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 — 75% of 3.0Y peak

75% of all-time peak
172 funds currently hold this stock — 75% of the 3.0-year high of 229 funds (reached 2024 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 11% fewer funds vs a year ago

fund count last 6Q
21 fewer hedge funds hold PLAY compared to a year ago (-11% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

95 buying113 selling
Last quarter: 113 funds reduced or exited vs 95 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 (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 27 → 39 → 45 → 32. 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.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 21% medium ■ 17% new
107 out of 172 hedge funds have held PLAY 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.
📈

Growing discovery — still being found

34 → 27 → 39 → 45 → 32 new funds/Q
New funds entering each quarter: 27 → 39 → 45 → 32. A growing number of institutions are discovering PLAY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 72% veterans vs 16% newcomers

■ 72% veterans ■ 11% 1-2yr ■ 16% new
Entry-cohort mix of 192 holders: 139 (72%) are 2+ year veterans, 22 entered 1–2 years ago, and 31 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
41 of 169 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.4
out of 10
Low Exit Risk
Exit risk score 2.4/10 — 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.

Institutional Sentiment Summary — PLAY

In 2026 Q2, 95 hedge funds were net buyers of PLAY (32 opened a new position, 63 added to an existing one), while 113 reduced or exited (63 trimmed, 50 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. 36% of total institutional value in PLAY is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -18 funds (more exits than new entries). Total institutional holders: 172.

Hedge Fund Ownership: PLAY

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

Market Analysis: PLAY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PLAY

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: PLAY
168 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 168 190 -11.58%
13F Shares 47M 43M 7.96%
Total Value $514M $460M 11.86%
New Positions 32 45 -13
Increased Positions 60 56 +4
Closed Positions 51 45 +6
Reduced Positions 56 55 +1
Total Calls 13 15 -13.33%
Total Puts 10 14 -28.57%
PUT/CALL Ratio 0.77 0.93 Neutral

Statistics: PLAY

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

168 + investors

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

QUARTER:
Top 25 PLAY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Hill Path Capital LP 4.23% 7,119,255 $81.2M
2 Windward Management LP 1.56% 450,000 $5.1M
3 Wolf Hill Capital Management, LP 1.29% 1,356,903 $15.5M
4 Windward Management LP 1.21% 350,000 $4.0M
5 Kazazian Asset Management, LLC 1.15% 112,390 $1.3M
6 Eminence Capital, LP 0.58% 2,346,038 $25.4M
7 M.E. Allison & CO., INC. 0.58% 87,700 $1000K
8 Clearline Capital LP 0.22% 318,130 $3.6M
9 CenterBook Partners LP 0.19% 334,709 $3.8M
10 Landscape Capital Management, L.L.C. 0.14% 184,305 $2.1M
11 Shay Capital LLC 0.12% 165,969 $1.9M
12 Occudo Quantitative Strategies LP 0.12% 200,671 $2.3M
13 Saba Capital Management, L.P. 0.11% 382,606 $4.4M
14 Numerai GP LLC 0.10% 112,525 $1.3M
15 Diametric Capital, LP 0.10% 85,863 $979K
16 CastleKnight Management LP 0.10% 619,365 $7.1M
17 Engineers Gate Manager LP 0.08% 537,254 $6.1M
18 MUFG Securities EMEA plc 0.08% 658,000 $7.5M
19 Crawford Fund Management, LLC 0.08% 45,000 $513K
20 Patient Capital Management, LLC 0.08% 204,022 $2.3M
21 Farringdon Capital, Ltd. 0.07% 12,623 $144K
22 Quinn Opportunity Partners LLC 0.07% 131,405 $1.5M
23 Campbell & CO Investment Adviser LLC 0.06% 108,059 $1.2M
24 Nomura Holdings Inc 0.03% 2,411,191 $27.5M
25 ING Groep NV 0.03% 451,000 $5.1M
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 — Dave & Busters Entmt Inc (PLAY)

What does the Smart Money Trend signal show for PLAY?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PLAY 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 PLAY?

More sellers than buyers — 46% buying: Last quarter: 113 funds reduced or exited vs 95 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 PLAY holders?

Strong quality — 36% AUM from major funds: 41 of 169 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PLAY?

62% of holders stayed for 2+ years: 107 out of 172 hedge funds have held PLAY 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.

Full history →