Dave & Buster's Entertainment

PLAY • NASDAQ

Dave & Buster's Entertainment is a entertainment company in the communication services sector on NASDAQ, led by Tarun Lal, with a market cap of $688.8M. As of Q3 2025, 121% of shares are held by 182 institutional investors, with Hill Path Capital LP as the largest holder at 20.54%.

Chief Executive OfficerTarun Lal

Market Cap$688.8M

Entertainment

Communication Services

Employees23.3K

Websitedaveandbusters.com

Country

United States of America

Overview

Overview of institutional ownership in PLAY as of Q3 2025 with a market cap of $629.5M

All Institutions

Institutions: 182
Value Held: $762.4M
Shares Held: 42.0M
Avg Position: $4.2M
Median Position: $306.9K

Hedge Funds

Hedge Funds: 27
Value Held: $193.7M
Shares Held: 10.7M
Avg Position: $7.2M
Median Position: $1.4M

Ownership Breakdown

Institutional (non-HF)

90.32%

$568.6M

Hedge Funds

30.77%

$193.7M

Retail & Other

Based on market cap of $629.5M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PLAY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
H Hill Path Capital LP Private Equity	Scott Ian Ross Managing Partner	$129.3M 6.34% of portfolio	20.54% 7.1M shares	Q1 2018 Held for 7y 8m	$2.0B
B BlackRock, Inc. Institution	-	$74.1M 0.00% of portfolio	11.77% 4.1M shares	Q2 2015 Held for 10y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$53.1M 0.00% of portfolio	8.43% 2.9M shares	Q4 2014 Held for 10y 11m	$6.69T
N NOMURA HOLDINGS INC Institution	-	$43.8M 0.24% of portfolio	6.96% 2.4M shares	Q2 2019 Held for 6y 5m	$18.4B
E EMINENCE CAPITAL LLC Hedge Fund•Long/Short	Ricky Chad Sandler CEO	$42.9M 0.62% of portfolio	6.81% 2.4M shares	Q2 2023 Held for 2y 5m	$6.9B
P Patient Capital Management, LLC Hedge Fund•Value	David Khan CFO	$38.8M 1.55% of portfolio	6.17% 2.1M shares	Q3 2024 Held for 1y 2m	$2.5B
C Clearline Capital LP Hedge Fund•Event Driven	Mohit Bhasin CFO	$29.4M 2.49% of portfolio	4.67% 1.6M shares	Q3 2024 Held for 1y 2m	$1.2B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$25.6M 0.00% of portfolio	4.06% 1.4M shares	Q4 2014 Held for 10y 11m	$1.65T
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	Cory Lawrence Martin CEO	$23.5M 0.07% of portfolio	3.73% 1.3M shares	Q4 2023 Held for 1y 11m	$31.4B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$20.8M 0.00% of portfolio	3.30% 1.1M shares	Q4 2015 Held for 9y 11m	$691.34B

Net Capital Flow

Institutional buying and selling activity for PLAY in Q3 2025

Traded: +$28.9M
Buyers: 79
Sellers: 101
Total Bought: +$115.4M
Total Sold: −$86.4M
Avg Position: $3.5M

Biggest Buyers

Institution	Net Bought	Current Position
N NOMURA HOLDINGS INC Institution	+$36.9M +2.0M shares	$43.8M 2.4M shares
I Incline Global Management LLC Hedge Fund•Long/Short	+$12.1M +668.1K shares	$15.4M 846.2K shares
C CastleKnight Management LP Hedge Fund•Event Driven	+$9.8M +541.5K shares	$15.9M 873.9K shares
F Fund 1 Investments, LLC Institution	+$7.8M +429.0K shares	$7.8M 429.0K shares
UBS Group AG Institution	+$5.4M +294.9K shares	$9.3M 509.9K shares
C Clearline Capital LP Hedge Fund•Event Driven	+$5.0M +274.5K shares	$29.4M 1.6M shares
C CIBC World Markets Inc. Institution	+$4.3M +236.9K shares	$6.1M 336.9K shares
S SG Americas Securities, LLC Institution	+$2.8M +153.6K shares	$3.5M 190.8K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$2.7M +149.5K shares	$3.0M 163.5K shares
D DARK FOREST CAPITAL MANAGEMENT LP Pension/Endowment	+$2.3M +124.7K shares	$2.3M 124.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$12.0M −659.3K shares	$6.1M 338.3K shares
E EMINENCE CAPITAL LLC Hedge Fund•Long/Short	−$9.9M −544.3K shares	$42.9M 2.4M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$7.4M −409.1K shares	$4.3M 234.6K shares
JPMORGAN CHASE & CO Institution	−$4.6M −255.2K shares	$1.3M 73.8K shares
GOLDMAN SACHS GROUP INC Institution	−$4.6M −255.0K shares	$20.8M 1.1M shares
Woodline Partners LP Hedge Fund•Long/Short	−$4.2M −141.2K shares	Sold Off 0 shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$3.8M −126.3K shares	Sold Off 0 shares
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	−$3.6M −120.0K shares	Sold Off 0 shares
T TEXAS PERMANENT SCHOOL FUND Institution	−$3.3M −109.6K shares	Sold Off 0 shares
H HRT FINANCIAL LLC Institution	−$2.4M −79.9K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 11
New Value: $2.7M
Exited Positions: 33
Exited Value: $27.2M

New Positions

Institution	Position Value
F First Eagle Investment Management, LLC Long Only Manager	$1.8M 101.0K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$448.7K 24.7K shares
AlTi Global, Inc. Institution	$246.7K 13.6K shares
Toroso Investments, LLC ETF Provider	$196.5K 10.8K shares
S Salomon & Ludwin, LLC Institution	$6.5K 343.0 shares
Caitong International Asset Management Co., Ltd RIA/Wealth	$4.9K 271.0 shares
Groupe la Francaise Fund of Funds	$3.2K 200.0 shares
O Optiver Holding B.V. Institution	$2.3K 128.0 shares
Sontag Advisory, LLC RIA/Wealth	$2.0K 108.0 shares
B BROWN BROTHERS HARRIMAN & CO RIA/Wealth	$327.0 18.0 shares

Exited Positions

Institution	Previous Position
Woodline Partners LP Hedge Fund•Long/Short	$4.2M 141.2K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$3.8M 126.3K shares
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	$3.6M 120.0K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.3M 109.6K shares
H HRT FINANCIAL LLC Institution	$2.4M 79.9K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$1.4M 46.7K shares
JENNISON ASSOCIATES LLC Long Only Manager	$959.3K 31.9K shares
Levin Easterly Partners LLC Long Only Manager	$940.3K 31.3K shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral	$906.6K 30.1K shares
V Virtu Financial LLC Institution	$685.0K 22.8K shares

Options Activity

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

Call Positions: 15
Call Value: $44.5M
Put Positions: 14
Put Value: $26.2M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.6M 5.8K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.6M 3.6K contracts
J JANE STREET GROUP, LLC Institution	$5.1M 2.8K contracts
C CastleKnight Management LP Hedge Fund•Event Driven	$3.7M 2.1K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$3.2M 1.8K contracts
D D. E. Shaw & Co., Inc. Institution	$3.1M 1.7K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$2.5M 1.4K contracts
W WOLVERINE TRADING, LLC Institution	$2.3M 1.2K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.3M 1.2K contracts
GOLDMAN SACHS GROUP INC Institution	$1.6M 900.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.2M 3.4K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$4.7M 2.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.9M 2.1K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$3.5M 1.9K contracts
D D. E. Shaw & Co., Inc. Institution	$2.5M 1.4K contracts
W WOLVERINE TRADING, LLC Institution	$1.4M 761.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.0M 552.0 contracts
Crawford Fund Management, LLC Hedge Fund•Long/Short	$998.8K 550.0 contracts
Walleye Trading LLC RIA/Wealth	$819.0K 451.0 contracts
J JANE STREET GROUP, LLC Institution	$617.4K 340.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
H Hill Path Capital LP Private Equity	Scott Ian Ross Managing Partner	6.34% $129.3M	20.54% 7.1M shares	Q1 2018 Held for 7y 8m	$2.0B
I Incline Global Management LLC Hedge Fund•Long/Short	Jeffrey Louis Lignelli CEO	4.56% $15.4M	2.44% 846.2K shares	Q4 2024 Held for 11 months	$337.3M
C Clearline Capital LP Hedge Fund•Event Driven	Mohit Bhasin CFO	2.49% $29.4M	4.67% 1.6M shares	Q3 2024 Held for 1y 2m	$1.2B
K Kazazian Asset Management, LLC Hedge Fund•Long/Short	George Nanidzhanyan Managing Partner	1.66% $1.4M	0.22% 75.7K shares	Q4 2024 Held for 11 months	$82.7M
P Patient Capital Management, LLC Hedge Fund•Value	David Khan CFO	1.55% $38.8M	6.17% 2.1M shares	Q3 2024 Held for 1y 2m	$2.5B
S Sapience Investments, LLC Long Only Manager	Samir (Nmn) Sikka CEO	1.25% $318.4K	0.05% 17.5K shares	Q3 2024 Held for 1y 2m	$25.5M
M M.E. ALLISON & CO., INC. Institution	-	1.09% $1.6M	0.25% 86.0K shares	Q1 2025 Held for 8 months	$143.6M
F Fund 1 Investments, LLC Institution	-	0.96% $7.8M	1.24% 429.0K shares	Q3 2025 Held for 2 months	$814.8M
C CastleKnight Management LP Hedge Fund•Event Driven	Aaron Michael Weitman CIO	0.85% $15.9M	2.52% 873.9K shares	Q4 2021 Held for 3y 11m	$1.9B
E EMINENCE CAPITAL LLC Hedge Fund•Long/Short	Ricky Chad Sandler CEO	0.62% $42.9M	6.81% 2.4M shares	Q2 2023 Held for 2y 5m	$6.9B

Hedge Fund Spotlight

Discover hedge funds investing in PLAY

Caption Management, LLC

Hedge Fund • Long/Short

Portfolio ManagerWilliam Lamblè Cooper

Portfolio Value: $1.7B
Positions: 576
Last Reported: Q3 2025

Sector Allocation

Position in Dave & Buster's Entertainment

Market Value: $257.0K
Shares Held: 14.2K
Portfolio Weight: 0.02%
Owned Since: 2022-Q1

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