Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Dave Inc (DAVE)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -14
Streak
1Q ▼
Buyers last Q
53%

Smart Money Signals — DAVE

Based on 271 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their DAVE positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
271 hedge funds hold DAVE right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +72% more funds vs a year ago

fund count last 6Q
+113 new funds entered over the past year (+72% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 53% buying

167 buying148 selling
Last quarter: 167 funds bought or added vs 148 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 106 → 70 → 66 → 56. 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.
🔄

Mostly new holders — 43% entered in last year

■ 23% conviction (2yr+) ■ 34% medium ■ 43% new
Only 62 funds (23%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +0%, value -23%

Value
-22%
Shares
+0%
Last quarter: funds added +0% more shares while total portfolio value only changed -23%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

56 → 106 → 70 → 66 → 56 new funds/Q
New funds entering each quarter: 106 → 70 → 66 → 56. DAVE is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🌱

Early stage — 55% of holders entered in last year

■ 27% veterans ■ 18% 1-2yr ■ 55% new
Of 286 current holders: 157 (55%) entered in the past year, only 77 (27%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
50 of 267 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — DAVE

In 2026 Q1, 167 hedge funds were net buyers of DAVE (56 opened a new position, 111 added to an existing one), while 148 reduced or exited (78 trimmed, 70 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 32% of total institutional value in DAVE is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -14 funds (more exits than new entries). Total institutional holders: 271.

Hedge Fund Ownership: DAVE

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

Market Analysis: DAVE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DAVE

-- --

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

Is It Too Late to Buy Dave Inc (DAVE) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DAVE has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
DAVE
+69.9%
XLK
+40.5%

DAVE outperformed XLK by +29.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
DAVE
+25.5%
XLK
+6.0%

Since the filing became public, DAVE outperformed XLK by +19.5% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

23 top-rated funds 7 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
4.0
/ 10
conviction
Hedge Fund Positioning: DAVE
270 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 270 285 -5.26%
13F Shares 12M 12M 0.19%
Total Value $2.02B $2.61B -22.67%
New Positions 55 66 -11
Increased Positions 105 98 +7
Closed Positions 70 42 +28
Reduced Positions 75 89 -14
Total Calls 11 11 -
Total Puts 8 11 -27.27%
PUT/CALL Ratio 0.73 1.0 Neutral

Statistics: DAVE

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
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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 Q1)

270 + investors

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

QUARTER:
Top 25 DAVE holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Whetstone Capital Advisors, LLC 13.53% 224,155 $39.0M
2 Buckley Capital Advisors, LLC 9.59% 76,690 $13.4M
3 Findell Capital Management LLC 8.67% 170,000 $29.6M
4 Metavasi Capital LP 7.41% 117,594 $20.5M
5 Tenzing Global Management, LLC 5.78% 40,000 $7.0M
6 G2 Investment Partners Management LLC 5.14% 119,840 $20.9M
7 Prospect Capital Advisors, LLC 5.06% 52,240 $9.1M
8 S Squared Technology, LLC 4.94% 75,040 $13.1M
9 Divisadero Street Capital Management, LP 4.66% 640,840 $111.6M
10 Estuary Capital Management LP 3.44% 118,077 $20.6M
11 Western Standard LLC 2.76% 30,156 $5.2M
12 Gratia Capital, LLC 2.62% 34,225 $6.0M
13 Intercapital, LLC 2.29% 39,386 $6.9M
14 Hood River Capital Management LLC 2.00% 1,145,901 $199.5M
15 Portolan Capital Management, LLC 0.98% 105,442 $18.4M
16 SG Capital Management LLC 0.73% 63,487 $11.1M
17 Future Fund LLC 0.71% 11,593 $2.0M
18 Globeflex Capital L P 0.70% 26,621 $4.6M
19 Fund 1 Investments, LLC 0.60% 30,214 $5.3M
20 Cander Asset Management LP 0.59% 18,940 $3.3M
21 Granahan Investment Management, LLC 0.55% 65,462 $11.4M
22 Ares Systematic Credit Ltd 0.54% 4,002 $678K
23 Oberweis Asset Management Inc/ 0.34% 66,702 $11.6M
24 Andina Capital Management, LLC 0.31% 1,996 $347K
25 Havemeyer Place LP 0.28% 14,122 $2.5M
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 — Dave Inc (DAVE)

What does the Smart Money Trend signal show for DAVE?

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

Slight buying edge — 53% buying: Last quarter: 167 funds bought or added vs 148 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DAVE holders?

Strong quality — 32% AUM from major funds: 50 of 267 holders rank in the top 100 by AUM, accounting for 32% 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 DAVE?

Mostly new holders — 43% entered in last year: Only 62 funds (23%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Dave Inc (DAVE) following the 2026 Q1 hedge fund 13F filings?

As of today, DAVE has moved +25.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLK sector ETF — an outperformance of +19.5%. Since the quarter end (March 31, 2026), DAVE has gained +69.9% vs +40.5% for XLK. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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.

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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