DocuSign

DOCU • NASDAQ

DocuSign is a software - application company in the technology sector on NASDAQ, led by Allan Thygesen, with a market cap of $14.3B. As of Q3 2025, 84% of shares are held by 782 institutional investors, with BlackRock, Inc. as the largest holder at 11.74%.

President and Chief Executive OfficerAllan Thygesen

Market Cap$14.3B

Software - Application

Technology

Employees6.8K

Websitedocusign.com

Country

United States of America

Overview

Overview of institutional ownership in DOCU as of Q3 2025 with a market cap of $14.5B

All Institutions

Institutions: 782
Value Held: $12.1B
Shares Held: 167.9M
Avg Position: $15.5M
Median Position: $681.4K

Hedge Funds

Hedge Funds: 75
Value Held: $1.6B
Shares Held: 21.5M
Avg Position: $20.7M
Median Position: $2.0M

Ownership Breakdown

Institutional (non-HF)

72.82%

$10.6B

Hedge Funds

10.71%

$1.6B

Retail & Other

16.46%

$2.4B

Based on market cap of $14.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DOCU as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.7B 0.03% of portfolio	11.74% 23.6M shares	Q2 2018 Held for 7y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.6B 0.02% of portfolio	10.75% 21.6M shares	Q2 2018 Held for 7y 5m	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$585.1M 0.02% of portfolio	4.04% 8.1M shares	Q2 2018 Held for 7y 5m	$2.88T
J Jericho Capital Asset Management L.P. Hedge Fund•Long/Short	Emer O'Hanlon CFO	$342.8M 3.57% of portfolio	2.36% 4.8M shares	Q4 2023 Held for 1y 11m	$9.6B
C Capital World Investors Institution	-	$303.6M 0.04% of portfolio	2.09% 4.2M shares	Q2 2018 Held for 7y 5m	$730.00B
N Newlands Management Operations LLC Institution	-	$297.2M 1.41% of portfolio	2.05% 4.1M shares	Q4 2022 Held for 2y 11m	$21.1B
A AMERICAN CENTURY COMPANIES INC Institution	-	$293.8M 0.15% of portfolio	2.03% 4.1M shares	Q3 2018 Held for 7y 2m	$195.93B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$292.3M 0.02% of portfolio	2.02% 4.1M shares	Q2 2018 Held for 7y 5m	$1.57T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$281.1M 0.03% of portfolio	1.94% 3.9M shares	Q2 2018 Held for 7y 5m	$912.31B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	David Allen Lippe CEO	$241.0M 0.32% of portfolio	1.66% 3.3M shares	Q3 2019 Held for 6y 2m	$75.8B

Net Capital Flow

Institutional buying and selling activity for DOCU in Q3 2025

Net Flow: −$620.8M
Buyers: 287
Sellers: 364
Total Bought: +$677.2M
Total Sold: −$1.3B
Avg Position: $15.5M

Biggest Buyers

Institution	Net Bought	Current Position
Woodline Partners LP Hedge Fund•Long/Short	+$68.8M +955.0K shares	$69.1M 958.9K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$54.0M +749.7K shares	$54.4M 754.3K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$41.4M +574.0K shares	$63.1M 876.0K shares
A Andra AP-fonden Institution	+$35.0M +484.9K shares	$35.0M 484.9K shares
JPMORGAN CHASE & CO Institution	+$31.7M +440.0K shares	$102.7M 1.4M shares
D Duquesne Family Office LLC Institution	+$28.5M +395.5K shares	$121.5M 1.7M shares
J JANE STREET GROUP, LLC Institution	+$26.4M +366.6K shares	$26.6M 369.4K shares
GOLDMAN SACHS GROUP INC Institution	+$21.3M +295.7K shares	$116.9M 1.6M shares
NLI INTERNATIONAL INC Insurance Manager	+$21.0M +291.4K shares	$36.7M 508.6K shares
AMERIPRISE FINANCIAL INC Institution	+$19.3M +268.3K shares	$115.3M 1.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
FMR LLC Institution	−$173.2M −2.4M shares	$123.1M 1.7M shares
A AMERICAN CENTURY COMPANIES INC Institution	−$107.3M −1.5M shares	$293.8M 4.1M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	−$103.9M −1.4M shares	$72.4M 1.0M shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	−$73.2M −1.0M shares	$23.1M 320.5K shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$60.2M −772.3K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$56.0M −776.2K shares	$224.2M 3.1M shares
JENNISON ASSOCIATES LLC Long Only Manager	−$55.2M −708.1K shares	Sold Off 0 shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$52.2M −724.1K shares	$97.4M 1.4M shares
B BlackRock, Inc. Institution	−$49.4M −684.7K shares	$1.7B 23.6M shares
Third Point LLC Hedge Fund•Multi-Strategy	−$48.7M −625.0K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 36
New Value: $24.2M
Exited Positions: 87
Exited Value: $334.5M

New Positions

Institution	Position Value
Frigate Ventures LP RIA/Wealth	$10.8M 150.0K shares
N NWI MANAGEMENT LP Hedge Fund•Global Macro	$6.2M 85.4K shares
Adviser Investments LLC Family Office	$1.1M 15.7K shares
Concorde Asset Management, LLC RIA/Wealth	$1.1M 15.4K shares
ARDSLEY ADVISORY PARTNERS Hedge Fund•Long/Short	$937.2K 13.0K shares
Sugar Maple Asset Management, LLC RIA/Wealth	$696.9K 9.7K shares
E Eisler Capital Management Ltd. Institution	$461.8K 5.7K shares
T Torrey Growth & Income Advisors RIA/Wealth	$454.9K 6.3K shares
Krilogy Financial LLC RIA/Wealth	$312.3K 4.4K shares
Buckingham Strategic Partners RIA/Wealth	$309.2K 4.4K shares

Exited Positions

Institution	Previous Position
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	$60.2M 772.3K shares
JENNISON ASSOCIATES LLC Long Only Manager	$55.2M 708.1K shares
Third Point LLC Hedge Fund•Multi-Strategy	$48.7M 625.0K shares
Contour Asset Management LLC Hedge Fund•Long/Short	$48.6M 623.5K shares
Candlestick Capital Management LP Hedge Fund•Long/Short	$30.0M 385.1K shares
S Styrax Capital, LP Hedge Fund•Long/Short	$19.2M 247.1K shares
Ardmore Road Asset Management LP Hedge Fund•Long/Short	$12.2M 156.0K shares
T Tairen Capital Ltd Institution	$7.9M 101.0K shares
Proem Advisors LLC Hedge Fund•Long/Short	$6.2M 80.0K shares
A AXA Institution	$6.0M 77.3K shares

Options Activity

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

Call Positions: 29
Call Value: $355.4M
Put Positions: 27
Put Value: $328.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$136.6M 18.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$51.9M 7.2K contracts
J JANE STREET GROUP, LLC Institution	$47.4M 6.6K contracts
UBS Group AG Institution	$28.9M 4.0K contracts
W WOLVERINE TRADING, LLC Institution	$15.6M 1.9K contracts
Walleye Trading LLC RIA/Wealth	$14.8M 2.1K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$13.6M 1.9K contracts
N NWI MANAGEMENT LP Hedge Fund•Global Macro	$12.3M 1.7K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$9.2M 1.3K contracts
D D. E. Shaw & Co., Inc. Institution	$4.8M 662.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$92.8M 12.9K contracts
UBS Group AG Institution	$36.5M 5.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$36.0M 5.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$29.0M 4.0K contracts
J JANE STREET GROUP, LLC Institution	$27.8M 3.9K contracts
Walleye Trading LLC RIA/Wealth	$25.5M 3.5K contracts
P PEAK6 LLC Institution	$24.7M 3.4K contracts
W WOLVERINE TRADING, LLC Institution	$16.7M 2.0K contracts
BARCLAYS PLC Institution	$12.5M 1.7K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$5.4M 753.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Shearwater Capital LLC RIA/Wealth	Jared Andrew Meese CCO	4.90% $8.2M	0.06% 114.4K shares	Q4 2021 Held for 3y 11m	$168.5M
D Duquesne Family Office LLC Institution	-	3.81% $121.5M	0.84% 1.7M shares	Q1 2025 Held for 8 months	$3.2B
J Jericho Capital Asset Management L.P. Hedge Fund•Long/Short	Emer O'Hanlon CFO	3.57% $342.8M	2.36% 4.8M shares	Q4 2023 Held for 1y 11m	$9.6B
S SYMMETRY PEAK MANAGEMENT LLC Institution	-	3.40% $461.4K	0.00% 6.4K shares	Q1 2025 Held for 8 months	$13.6M
S Shannon River Fund Management CO LLC Hedge Fund•Long/Short	Spencer Marshal Waxman Managing Partner	3.29% $20.4M	0.14% 283.5K shares	Q4 2024 Held for 11 months	$621.2M
OAK FAMILY ADVISORS, LLC RIA/Wealth	Terrence Scott Wilson CEO	2.32% $7.1M	0.05% 99.1K shares	Q4 2023 Held for 1y 11m	$308.4M
Cat Rock Capital Management LP Hedge Fund•Long/Short	Alexander Salah Captain Managing Partner	2.05% $16.7M	0.11% 231.0K shares	Q4 2021 Held for 3y 11m	$810.4M
C CEERA INVESTMENTS, LLC RIA/Wealth	Rajesh Chelapurath President	1.65% $5.2M	0.04% 72.1K shares	Q1 2021 Held for 4y 8m	$315.3M
CenterStar Asset Management, LLC Hedge Fund•Multi-Strategy	Michelin Aldridge Sloneker COO	1.61% $848.6K	0.01% 11.8K shares	Q3 2025 Held for 2 months	$52.6M
NLI INTERNATIONAL INC Insurance Manager	Daisuke Nmn Ishida CEO	1.55% $36.7M	0.25% 508.6K shares	Q4 2024 Held for 11 months	$2.4B

Hedge Fund Spotlight

Discover hedge funds investing in DOCU

ARROWSTREET CAPITAL LIMITED PARTNERSHIP

Hedge Fund • Quant

Portfolio ManagerAnthony Ryan

Portfolio Value: $158.92B
Positions: 1,827
Last Reported: Q3 2025

Sector Allocation

Position in DocuSign

Market Value: $148.1M
Shares Held: 2.1M
Portfolio Weight: 0.09%
Owned Since: 2022-Q3

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$7.2B	4.51%
2 Microsoft MSFT	Software - Infrastructure Technology	$6.5B	4.11%
3 Nvidia NVDA	Semiconductors Technology	$4.8B	3.02%