Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Docusign Inc (DOCU)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -69
Streak
2Q ▼
Buyers last Q
47%

Smart Money Signals — DOCU

Based on 705 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 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 — 88% of 3.0Y peak

88% of all-time peak
705 funds currently hold this stock — 88% of the 3.0-year high of 797 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 12% fewer funds vs a year ago

fund count last 6Q
92 fewer hedge funds hold DOCU compared to a year ago (-12% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 47% buying

377 buying427 selling
Last quarter: 427 funds reduced or exited vs 377 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 (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 96 → 130 → 115 → 109. 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.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 21% medium ■ 18% new
432 out of 705 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.
💎

Buying through price weakness — shares +5%, value -29%

Value
-28%
Shares
+4%
Last quarter: funds added +5% more shares while total portfolio value only changed -29%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~109 new funds/quarter

126 → 96 → 130 → 115 → 109 new funds/Q
New funds entering each quarter: 96 → 130 → 115 → 109. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 69% veterans vs 20% newcomers

■ 69% veterans ■ 11% 1-2yr ■ 20% new
Entry-cohort mix of 750 holders: 517 (69%) are 2+ year veterans, 85 entered 1–2 years ago, and 148 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
59 of 702 holders are among the 100 largest funds by AUM, controlling 44% 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.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 Q1, 377 hedge funds were net buyers of DOCU (109 opened a new position, 268 added to an existing one), while 427 reduced or exited (249 trimmed, 178 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 44% of total institutional value in DOCU is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -69 funds (more exits than new entries). Total institutional holders: 705.

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

-- --

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

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

Signal Freshness measures how much DOCU 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 · 92d ago
DOCU
-5.0%
XLK
+39.7%

DOCU outperformed XLK by -44.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 47d ago
DOCU
-5.6%
XLK
+5.3%

Since the filing became public, DOCU outperformed XLK by -10.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

46 top-rated funds 2 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: DOCU
699 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 699 774 -9.69%
13F Shares 184M 177M 4.21%
Total Value $8.42B $11.82B -28.75%
New Positions 105 115 -10
Increased Positions 260 249 +11
Closed Positions 180 137 +43
Reduced Positions 232 303 -71
Total Calls 27 22 22.73%
Total Puts 21 18 16.67%
PUT/CALL Ratio 0.78 0.82 Neutral

Statistics: DOCU

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 Q1)

699 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Shearwater Capital LLC 2.82% 113,428 $5.4M
2 Jericho Capital Asset Management L.P. 2.10% 3,000,000 $142.2M
3 Collar Capital Management, LLC 1.92% 62,560 $3.0M
4 Silver Lake Advisory, LLC 1.72% 91,387 $4.3M
5 Woodson Capital Management, LP 1.68% 225,000 $10.7M
6 Cat Rock Capital Management LP 1.65% 224,600 $10.6M
7 Board of the Pension Protection Fund 1.53% 35,200 $1.7M
8 Oasis Management Co Ltd. 1.38% 500,000 $23.7M
9 Oak Family Advisors, LLC 1.34% 100,184 $4.7M
10 Ridgepath Capital Management LLC 1.33% 56,255 $2.7M
11 Ceera Investments, LLC 1.18% 56,662 $2.7M
12 Andrew Hill Investment Advisors, Inc. 1.10% 26,010 $1.2M
13 Selective Wealth Management, Inc. 0.96% 69,320 $3.3M
14 Quinn Opportunity Partners LLC 0.94% 381,280 $18.1M
15 Lecap Asset Management Ltd 0.94% 52,697 $2.5M
16 Westbourne Investment Advisors, Inc. 0.92% 66,870 $3.2M
17 Distillate Capital Partners LLC 0.76% 304,212 $14.4M
18 WealthTrust Axiom LLC 0.69% 59,080 $2.8M
19 Destiny Capital Corp/CO 0.68% 26,903 $1.3M
20 Gilman Hill Asset Management, LLC 0.65% 90,783 $4.3M
21 nVerses Capital, LLC 0.63% 14,682 $696K
22 Step Capital Management Pte. Ltd. 0.57% 30,000 $1.4M
23 Sciencast Management LP 0.54% 89,354 $4.2M
24 Syon Capital LLC 0.49% 206,514 $9.8M
25 Lifestyle Asset Management, Inc. 0.47% 30,405 $1.4M
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 — 2 quarters in a row: For 2 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: 427 funds reduced or exited vs 377 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 — 44% AUM from top-100 funds: 59 of 702 holders are among the 100 largest funds by AUM, controlling 44% 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?

61% of holders stayed for 2+ years: 432 out of 705 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.

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

As of today, DOCU has moved -5.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.3% for the XLK sector ETF — an outperformance of -10.9%. Since the quarter end (March 31, 2026), DOCU has gained -5.0% vs +39.7% 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.

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 →