Dave, Inc.

DAVE • NASDAQ

Dave, Inc. is a software - application company in the technology sector on NASDAQ, led by Jason Wilk, with a market cap of $2.8B. As of Q3 2025, 78% of shares are held by 265 institutional investors, with Hood River Capital Management LLC as the largest holder at 8.01%.

CEO of Dave Inc.Jason Wilk

Market Cap$2.8B

Software - Application

Technology

Employees285.0

Websitedave.com

Country

United States of America

Overview

Overview of institutional ownership in DAVE as of Q3 2025 with a market cap of $2.7B

All Institutions

Institutions: 265
Value Held: $2.1B
Shares Held: 10.5M
Avg Position: $7.9M
Median Position: $790.2K

Hedge Funds

Hedge Funds: 53
Value Held: $737.8M
Shares Held: 3.7M
Avg Position: $13.9M
Median Position: $3.9M

Ownership Breakdown

Institutional (non-HF)

50.23%

$1.4B

Hedge Funds

27.42%

$737.8M

Retail & Other

22.36%

$601.6M

Based on market cap of $2.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DAVE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Hood River Capital Management LLC Long Only Manager	David Gordon Swank Managing Partner	$215.5M 2.55% of portfolio	8.01% 1.1M shares	Q3 2024 Held for 1y 2m	$8.5B
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	William Zolezzi Managing Partner	$184.5M 8.63% of portfolio	6.85% 925.3K shares	Q2 2024 Held for 1y 5m	$2.1B
B BlackRock, Inc. Institution	-	$147.9M 0.00% of portfolio	5.50% 741.9K shares	Q1 2022 Held for 3y 8m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$130.6M 0.00% of portfolio	4.85% 655.3K shares	Q1 2022 Held for 3y 8m	$6.69T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	David Allen Lippe CEO	$77.0M 0.10% of portfolio	2.86% 386.4K shares	Q4 2023 Held for 1y 11m	$75.8B
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	Stephen Thomas Weber CEO	$61.2M 0.44% of portfolio	2.27% 307.0K shares	Q1 2025 Held for 8 months	$13.9B
D D. E. Shaw & Co., Inc. Institution	-	$56.2M 0.05% of portfolio	2.09% 282.1K shares	Q3 2024 Held for 1y 2m	$115.81B
Whetstone Capital Advisors, LLC Hedge Fund•Long/Short	David Alan Atterbury President	$55.2M 15.28% of portfolio	2.05% 276.7K shares	Q1 2023 Held for 2y 8m	$361.1M
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$48.4M 0.00% of portfolio	1.80% 242.7K shares	Q1 2022 Held for 3y 8m	$1.57T
A AMERICAN CENTURY COMPANIES INC Institution	-	$45.8M 0.02% of portfolio	1.70% 229.7K shares	Q1 2024 Held for 1y 8m	$195.93B

Net Capital Flow

Institutional buying and selling activity for DAVE in Q3 2025

Net Flow: +$9.5M
Buyers: 107
Sellers: 115
Total Bought: +$429.5M
Total Sold: −$420.0M
Avg Position: $8.2M

Biggest Buyers

Institution	Net Bought	Current Position
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	+$77.9M +390.7K shares	$184.5M 925.3K shares
AMERIPRISE FINANCIAL INC Institution	+$37.1M +186.3K shares	$41.7M 209.0K shares
FMR LLC Institution	+$28.4M +142.2K shares	$40.5M 203.4K shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$28.3M +141.8K shares	$28.8M 144.3K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$23.6M +118.2K shares	$35.3M 177.1K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	+$22.9M +115.1K shares	$61.2M 307.0K shares
MANE GLOBAL CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	+$16.6M +83.4K shares	$31.5M 158.0K shares
B BlackRock, Inc. Institution	+$13.3M +66.9K shares	$147.9M 741.9K shares
Azora Capital LP Hedge Fund•Long/Short	+$12.4M +62.3K shares	$26.6M 133.2K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$12.1M +60.7K shares	$17.5M 87.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
N NVP Associates, LLC Institution	−$62.5M −232.7K shares	Sold Off 0 shares
D D. E. Shaw & Co., Inc. Institution	−$44.7M −224.3K shares	$56.2M 282.1K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$23.6M −118.2K shares	$17.5M 87.7K shares
Proem Advisors LLC Hedge Fund•Long/Short	−$19.9M −100.0K shares	$19.5M 97.8K shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	−$18.1M −67.3K shares	Sold Off 0 shares
C Cubist Systematic Strategies, LLC Institution	−$17.1M −85.8K shares	$3.2M 16.1K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	−$17.0M −63.3K shares	Sold Off 0 shares
S Shellback Capital, LP Hedge Fund•Long/Short	−$14.9M −55.3K shares	Sold Off 0 shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$14.9M −74.5K shares	$34.5M 172.9K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$14.0M −70.1K shares	$11.9M 59.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DAVE in Q3 2025

New Positions: 57
New Value: $75.2M
Exited Positions: 47
Exited Value: $161.8M

New Positions

Institution	Position Value
N Neuberger Berman Group LLC Institution	$26.7M 134.1K shares
FINDELL CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$7.6M 38.0K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$6.2M 31.1K shares
Interval Partners, LLC Hedge Fund•Long/Short	$5.3M 26.4K shares
U Universal- Beteiligungs- und Servicegesellschaft mbH Institution	$3.7M 18.4K shares
GRANAHAN INVESTMENT MANAGEMENT INC/MA Long Only Manager	$2.4M 12.0K shares
CASTLEARK MANAGEMENT LLC Long Only Manager	$2.0M 9.9K shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$1.8M 9.2K shares
Engineers Gate Manager LP Hedge Fund•Quant	$1.6M 8.2K shares
C CREDIT AGRICOLE S A Institution	$1.6M 8.0K shares

Exited Positions

Institution	Previous Position
N NVP Associates, LLC Institution	$62.5M 232.7K shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	$18.1M 67.3K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$17.0M 63.3K shares
S Shellback Capital, LP Hedge Fund•Long/Short	$14.9M 55.3K shares
SILVERCREST ASSET MANAGEMENT GROUP LLC RIA/Wealth	$10.6M 39.5K shares
ARDSLEY ADVISORY PARTNERS Hedge Fund•Long/Short	$9.4M 35.0K shares
G GCIC Ltd. Institution	$5.3M 19.8K shares
O OPTIONS SOLUTIONS, LLC Hedge Fund•Sector	$3.1M 11.5K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$2.6M 9.9K shares
F FORA Capital, LLC Hedge Fund•Quant	$1.8M 6.5K shares

Options Activity

Institutions with the largest Call and Put options positions in DAVE as of Q3 2025

Call Positions: 11
Call Value: $206.6M
Put Positions: 13
Put Value: $125.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$108.4M 5.4K contracts
Caption Management, LLC Hedge Fund•Long/Short	$24.0M 1.2K contracts
J JANE STREET GROUP, LLC Institution	$20.5M 1.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$16.9M 849.0 contracts
D D. E. Shaw & Co., Inc. Institution	$9.5M 477.0 contracts
W WOLVERINE TRADING, LLC Institution	$6.9M 328.0 contracts
C Cubist Systematic Strategies, LLC Institution	$5.8M 289.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$5.7M 288.0 contracts
P PEAK6 LLC Institution	$3.8M 191.0 contracts
Interval Partners, LLC Hedge Fund•Long/Short	$3.2M 159.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$51.5M 2.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$31.2M 1.6K contracts
J JANE STREET GROUP, LLC Institution	$11.2M 562.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$5.3M 264.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$4.1M 206.0 contracts
D D. E. Shaw & Co., Inc. Institution	$3.8M 192.0 contracts
P PEAK6 LLC Institution	$3.8M 190.0 contracts
C Cubist Systematic Strategies, LLC Institution	$3.5M 178.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.4M 161.0 contracts
GOLDMAN SACHS GROUP INC Institution	$2.5M 125.0 contracts

Most Committed Institutions

Institutions with DAVE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Whetstone Capital Advisors, LLC Hedge Fund•Long/Short	David Alan Atterbury President	15.28% $55.2M	2.05% 276.7K shares	Q1 2023 Held for 2y 8m	$361.1M
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	William Zolezzi Managing Partner	8.63% $184.5M	6.85% 925.3K shares	Q2 2024 Held for 1y 5m	$2.1B
G G2 Investment Partners Management LLC Hedge Fund•Long/Short	Joshua M Goldberg Managing Partner	6.23% $29.1M	1.08% 146.1K shares	Q1 2024 Held for 1y 8m	$467.4M
M Metavasi Capital LP Hedge Fund•Long/Short	Peter Edward Treadway CIO	5.94% $16.7M	0.62% 84.0K shares	Q4 2024 Held for 11 months	$281.8M
S S Squared Technology, LLC Hedge Fund•Long/Short	Kenneth A Goldblatt Managing Partner	5.10% $13.4M	0.50% 67.4K shares	Q4 2024 Held for 11 months	$263.0M
Proem Advisors LLC Hedge Fund•Long/Short	Thomas Edward Schmidt CEO	4.69% $19.5M	0.72% 97.8K shares	Q4 2024 Held for 11 months	$415.8M
P Prospect Capital Advisors, LLC Hedge Fund•Long/Short	Daniel William Mendoza Managing Partner	4.30% $8.3M	0.31% 41.6K shares	Q2 2025 Held for 5 months	$193.0M
T Tenzing Global Management, LLC Hedge Fund•Long/Short	Chetan Ovinder Kapoor CEO	4.20% $6.0M	0.22% 30.0K shares	Q2 2025 Held for 5 months	$142.4M
FINDELL CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	Ryan Bradley Voerg CFO	3.51% $7.6M	0.28% 38.0K shares	Q3 2025 Held for 2 months	$215.6M
Hood River Capital Management LLC Long Only Manager	David Gordon Swank Managing Partner	2.55% $215.5M	8.01% 1.1M shares	Q3 2024 Held for 1y 2m	$8.5B

Hedge Fund Spotlight

Discover hedge funds investing in DAVE

Prospect Capital Advisors, LLC

Hedge Fund • Long/Short

Portfolio ManagerDaniel William Mendoza

Portfolio Value: $193.0M
Positions: 28
Last Reported: Q3 2025

Sector Allocation

Position in Dave, Inc.

Market Value: $8.3M
Shares Held: 41.6K
Portfolio Weight: 4.30%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 PJT Partners PJT	Financial - Capital Markets Financial Services	$17.1M	8.84%
2 Grand Canyon Education LOPE	Education & Training Services Consumer Defensive	$15.4M	7.98%
3 OSI Systems OSIS	Hardware, Equipment & Parts Technology	$13.1M	6.78%