13FPulse
DO

DOCN DIGITALOCEAN HOLDINGS INC

2026Q2 · CUSIP 25402D102 · Cloud Computing · Sector: Technology

Piling in

Net holder growth ranks near the top of the market

Funds that own it
557
Institutions that reported holding it to the SEC
Net increase in holders
+111
Last quarter 446 → now 557
How unusual is that
Top 5%
Stronger buying than 99% of US stocks
What the filings say, in one paragraph

557 funds held DOCN at the end of 2026Q2, up 111 from the quarter before. That is stronger buying than 98.5% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $1.0B(YoY +21.4%), the P/E is 48.1x, return on equity is 25.3%. DOCN has had 10 buying rushes in its history, and the price moved +29.1% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Cloud Computing.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2021Q2: holders=93 2021Q3: holders=197 2021Q4: holders=292 2022Q1: holders=298 2022Q2: holders=274 2022Q3: holders=277 2022Q4: holders=248 2023Q1: holders=256 2023Q2: holders=257 2023Q3: holders=222 2023Q4: holders=264 2024Q1: holders=263 2024Q2: holders=271 2024Q3: holders=278 2024Q4: holders=270 2025Q1: holders=297 2025Q2: holders=296 2025Q3: holders=323 2025Q4: holders=362 2026Q1: holders=446 2026Q2: holders=557 -111 -55.5 +0 +55.5 +111 83334585 21Q221Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 10 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 5%
2026Q1 Top 5%
2025Q4 Top 20% +134.8%
2025Q3 Top 20% +53.0% +259.4%
2025Q1 Top 10% +1.8% +46.8%
2023Q4 Top 20% -8.2% -5.8%
2023Q1 Top 20% -3.7% -18.5%
2021Q4 Top 5% -41.5% -27.1%
2021Q3 Top 1% in the market -56.8% -68.5%
2021Q2 Top 20% +145.5% +17.4%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
225
Change in large funds
+41
Total value they hold
$14.9B
Funds buying for the first time
192
Funds that sold out entirely
81
Price change that quarter
-28.9%
Funds holding puts (bearish)
25
Funds holding calls (bullish)
27

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
48.1
EPS (TTM)
$2.18
EPS YoY
+67.7%
Revenue (TTM)
$1.0B
Revenue YoY
+21.4%
Net margin
23.3%
ROE
25.3%
Debt ratio
70.2%
FCF (TTM)
$194M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.02 2021-12-31: EPS -0.10 2022-03-31: EPS -0.17 2022-06-30: EPS -0.07 2022-09-30: EPS 0.08 2022-12-31: EPS -0.12 2023-03-31: EPS -0.17 2023-06-30: EPS 0.01 2023-09-30: EPS 0.20 2023-12-31: EPS 0.17 2024-03-31: EPS 0.15 2024-06-30: EPS 0.20 2024-09-30: EPS 0.33 2024-12-31: EPS 0.19 2025-03-31: EPS 0.39 2025-06-30: EPS 0.39 2025-09-30: EPS 1.51 2025-12-31: EPS 0.23 2026-03-31: EPS 0.15 2026-06-30: EPS 0.29 0M 141M 281M $M -0.19 0.74 1.66 202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 51 17 109 201 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-12M38M88M 2020202120222023202420252026
Latest quarter $7M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.