DoubleVerify Holdings

DV • NYSE

DoubleVerify Holdings is a software - application company in the technology sector on NYSE, led by Mark Zagorski, with a market cap of $1.8B. As of Q3 2025, 100% of shares are held by 320 institutional investors, with BlackRock, Inc. as the largest holder at 11.88%.

Chief Executive OfficerMark Zagorski

Market Cap$1.8B

Software - Application

Technology

Employees1.1K

Websitedoubleverify.com

Country

United States of America

Overview

Overview of institutional ownership in DV as of Q3 2025 with a market cap of $2.0B

All Institutions

Institutions: 320
Value Held: $2.0B
Shares Held: 162.6M
Avg Position: $6.1M
Median Position: $690.8K

Hedge Funds

Hedge Funds: 50
Value Held: $299.2M
Shares Held: 25.0M
Avg Position: $6.0M
Median Position: $2.3M

Ownership Breakdown

Institutional (non-HF)

84.81%

$1.7B

Hedge Funds

15.26%

$299.2M

Retail & Other

Based on market cap of $2.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DV as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$232.9M 0.00% of portfolio	11.88% 19.4M shares	Q2 2021 Held for 4y 5m	$5.67T
Providence Equity Partners L.L.C. Private Equity	John David Phillips Managing Partner	$219.1M 37.55% of portfolio	11.18% 18.3M shares	Q2 2021 Held for 4y 5m	$583.6M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$172.7M 0.00% of portfolio	8.81% 14.4M shares	Q2 2021 Held for 4y 5m	$6.69T
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$66.9M 0.08% of portfolio	3.42% 5.6M shares	Q2 2024 Held for 1y 5m	$82.7B
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	$58.7M 0.55% of portfolio	2.21% 3.6M shares	Q2 2024 Held for 1y 5m	$10.6B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$51.8M 0.00% of portfolio	2.64% 4.3M shares	Q2 2021 Held for 4y 5m	$2.88T
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	$44.8M 1.27% of portfolio	2.29% 3.7M shares	Q4 2021 Held for 3y 11m	$3.5B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$44.8M 0.01% of portfolio	2.28% 3.7M shares	Q1 2022 Held for 3y 8m	$466.32B
A Assenagon Asset Management S.A. Institution	-	$43.4M 0.06% of portfolio	2.21% 3.6M shares	Q2 2024 Held for 1y 5m	$67.7B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$43.2M 0.00% of portfolio	2.20% 3.6M shares	Q2 2021 Held for 4y 5m	$1.65T

Net Capital Flow

Institutional buying and selling activity for DV in Q3 2025

Traded: −$49.2M
Buyers: 196
Sellers: 139
Total Bought: +$305.4M
Total Sold: −$354.5M
Avg Position: $5.4M

Biggest Buyers

Institution	Net Bought	Current Position
I Invenomic Capital Management LP Hedge Fund•Long/Short	+$21.7M +1.8M shares	$21.7M 1.8M shares
J JANE STREET GROUP, LLC Institution	+$16.5M +1.4M shares	$16.5M 1.4M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$14.7M +1.2M shares	$15.5M 1.3M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$13.0M +1.1M shares	$17.5M 1.5M shares
A Assenagon Asset Management S.A. Institution	+$12.6M +1.0M shares	$43.4M 3.6M shares
D DISCIPLINED GROWTH INVESTORS INC /MN Long Only Manager	+$10.3M +863.9K shares	$34.7M 2.9M shares
A ALTA FOX CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	+$10.3M +862.5K shares	$14.8M 1.2M shares
Trexquant Investment LP Hedge Fund•Quant	+$9.4M +782.5K shares	$9.4M 782.5K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$8.9M +743.8K shares	$44.8M 3.7M shares
A Amundi Institution	+$8.6M +762.4K shares	$26.3M 2.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
Providence Equity Partners L.L.C. Private Equity	−$95.8M −8.0M shares	$219.1M 18.3M shares
SG Capital Management LLC Hedge Fund•Event Driven	−$33.6M −2.2M shares	Sold Off 0 shares
C COOPER CREEK PARTNERS MANAGEMENT LLC Hedge Fund•Long/Short	−$21.3M −1.8M shares	$9.4M 780.7K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$17.0M −1.1M shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$14.5M −1.2M shares	$7.8M 648.4K shares
Goodman Financial CORP RIA/Wealth	−$12.9M −859.4K shares	Sold Off 0 shares
M M&G Plc Institution	−$10.7M −712.8K shares	Sold Off 0 shares
N Newtyn Management, LLC Hedge Fund•Event Driven	−$10.5M −700.0K shares	Sold Off 0 shares
BANK OF NOVA SCOTIA / Institution	−$10.2M −849.1K shares	$1.3M 105.4K shares
N NEW YORK STATE COMMON RETIREMENT FUND Institution	−$7.4M −618.5K shares	$797.8K 66.6K shares

Entry and Exit Activity

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

New Positions: 30
New Value: $20.4M
Exited Positions: 40
Exited Value: $123.3M

New Positions

Institution	Position Value
Fortress Investment Group LLC RIA/Wealth	$5.7M 473.2K shares
F First Eagle Investment Management, LLC Long Only Manager	$4.0M 337.5K shares
H HUSSMAN STRATEGIC ADVISORS, INC. Institution	$2.5M 210.0K shares
A Andra AP-fonden Institution	$1.9M 157.7K shares
D Daiwa Securities Group Inc. Institution	$818.0K 68.3K shares
O OXFORD ASSET MANAGEMENT Institution	$815.6K 68.1K shares
P PICTON MAHONEY ASSET MANAGEMENT Institution	$781.7K 65.3K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	$759.5K 63.4K shares
HAMILTON LANE ADVISORS LLC Fund of Funds	$606.4K 50.6K shares
S Sender Co & Partners, Inc. Institution	$517.2K 43.2K shares

Exited Positions

Institution	Previous Position
SG Capital Management LLC Hedge Fund•Event Driven	$33.6M 2.2M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$17.0M 1.1M shares
Goodman Financial CORP RIA/Wealth	$12.9M 859.4K shares
M M&G Plc Institution	$10.7M 712.8K shares
N Newtyn Management, LLC Hedge Fund•Event Driven	$10.5M 700.0K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$6.0M 400.0K shares
Quantbot Technologies LLC Hedge Fund•Quant	$5.3M 355.8K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.7M 246.5K shares
C CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Institution	$3.5M 234.6K shares
C Clearline Capital LP Hedge Fund•Event Driven	$3.4M 224.1K shares

Options Activity

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

Call Positions: 9
Call Value: $5.4M
Put Positions: 11
Put Value: $27.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.7M 1.4K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.6M 1.3K contracts
D D. E. Shaw & Co., Inc. Institution	$793.1K 662.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$668.5K 558.0 contracts
J JANE STREET GROUP, LLC Institution	$444.5K 371.0 contracts
W WOLVERINE TRADING, LLC Institution	$184.4K 152.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$31.1K 26.0 contracts
Walleye Trading LLC RIA/Wealth	$3.6K 3.0 contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SG Capital Management LLC Hedge Fund•Event Driven	$12.0M 10.0K contracts
Caption Management, LLC Hedge Fund•Long/Short	$4.2M 3.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.0M 3.3K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.9M 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$1.7M 1.4K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.4M 1.2K contracts
J JANE STREET GROUP, LLC Institution	$1.2M 1.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$536.7K 448.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$307.9K 257.0 contracts
Pensionmark Financial Group, LLC Pension/Endowment	$215.6K - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Providence Equity Partners L.L.C. Private Equity	John David Phillips Managing Partner	37.55% $219.1M	11.18% 18.3M shares	Q2 2021 Held for 4y 5m	$583.6M
C Crestwood Capital Management, L.P. Hedge Fund•Long/Short	Michael Roy Weisberg Managing Partner	9.50% $13.6M	0.70% 1.1M shares	Q4 2022 Held for 2y 11m	$143.6M
Laurus Investment Counsel Inc. Long Only Manager	Chris William Page CEO	6.71% $9.7M	0.50% 812.8K shares	Q4 2021 Held for 3y 11m	$145.2M
A Arohi Asset Management PTE Ltd. Hedge Fund•Value	Chandrashekar Shekar CEO	5.21% $20.6M	1.05% 1.7M shares	Q2 2025 Held for 5 months	$395.2M
G Gagnon Advisors, LLC Hedge Fund•Long/Short	Neil Joseph Gagnon CEO	4.63% $7.5M	0.38% 625.8K shares	Q4 2023 Held for 1y 11m	$162.0M
A ALTA FOX CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Patrick Connor Haley Founder	3.29% $14.8M	0.75% 1.2M shares	Q4 2024 Held for 11 months	$448.5M
Sunriver Management LLC Hedge Fund•Long/Short	Randolph Willett Cook Founder	1.98% $18.2M	0.93% 1.5M shares	Q1 2025 Held for 8 months	$920.0M
GAGNON SECURITIES LLC RIA/Wealth	Neil Joseph Gagnon CEO	1.65% $8.1M	0.42% 679.9K shares	Q4 2023 Held for 1y 11m	$493.8M
G G2 Investment Partners Management LLC Hedge Fund•Long/Short	Joshua M Goldberg Managing Partner	1.28% $6.0M	0.31% 500.0K shares	Q2 2025 Held for 5 months	$467.4M
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	1.27% $44.8M	2.29% 3.7M shares	Q4 2021 Held for 3y 11m	$3.5B

Hedge Fund Spotlight

Discover hedge funds investing in DV

Gagnon Advisors, LLC

Hedge Fund • Long/Short

Portfolio ManagerNeil Joseph Gagnon

Portfolio Value: $162.0M
Positions: 24
Last Reported: Q3 2025

Sector Allocation

Position in DoubleVerify Holdings

Market Value: $7.5M
Shares Held: 625.8K
Portfolio Weight: 4.63%
Owned Since: 2023-Q4

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3 Freshworks, Inc. FRSH	Software - Application Technology	$13.3M	8.21%