Institutional Investors Swarm DoorDash: Hedge Fund Moves Revealed

2024-03-12

During the quarter ending on December 31, 2023, DoorDash was found to be a popular choice among institutional investors, with 551 hedge funds collectively holding 331,863,420 shares of the company. Additionally, 34 ETFs were also invested in DoorDash, holding a total of 5,288,100 shares. Notable institutions with significant holdings in DoorDash included SC US (TTGP), LTD., VANGUARD GROUP INC, and MORGAN STANLEY.

In terms of trading activity, the last quarter saw 268 hedge funds purchasing DoorDash shares, while 157 were selling off their holdings. The buying hedge funds acquired 36,270,947 shares, whereas the selling funds divested 31,062,450 shares. Interestingly, 86 hedge funds decided to double down on their positions in DoorDash, while 4 hedge funds opted to offload at least 90% of their DoorDash shares.

Among the institutional investors, there were varying levels of optimism and pessimism towards DoorDash. SUSQUEHANNA INTERNATIONAL GROUP, LLP and VIKING GLOBAL INVESTORS LP were noted as some of the more pessimistic institutions, while JPMORGAN CHASE & CO and Invesco Ltd emerged as the more optimistic players in the market.

The insights provided by sharkstracker.com offer a data-driven perspective on the market dynamics surrounding DoorDash, shedding light on the holdings and trading behaviors of hedge funds and ETFs invested in the company. For a more comprehensive analysis, the full report can be accessed at: [SharksTracker - DoorDash Report](https://www.sharkstracker.com/reports/ReportDetail12:DASH/?rrr=3).