Boothbay Fund Management Increases Stake in Dave Inc.

Investment firm adds 11,503 shares to its position in the fintech company.

Mar. 16, 2026 at 7:52am

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Boothbay Fund Management LLC has increased its stake in Dave Inc. (NASDAQ:DAVE) by 47.8%, according to a recent 13F filing with the SEC. The investment firm now owns 35,547 shares of the fintech company's stock, worth approximately $7.1 million. This move comes as several other large investors, including Vanguard Group and American Century Companies, have also been adding to their positions in Dave.

Why it matters

Dave's mobile app and overdraft protection services have made it a popular fintech company, attracting significant institutional investment. The increase in Boothbay's stake suggests continued confidence in the company's growth potential, even as the stock has experienced some volatility.

The details

According to the 13F filing, Boothbay Fund Management acquired an additional 11,503 shares of Dave during the third quarter, bringing its total position to 35,547 shares. This represents about 0.26% of the fintech company's outstanding shares. The move comes as other major investors, such as Vanguard Group and American Century Companies, have also been increasing their holdings in Dave, signaling broader institutional support for the company.

  • Boothbay Fund Management made the share purchase in the third quarter of the year.
  • Dave Inc. shares have traded in a range of $65.46 to $286.45 over the past 52 weeks.

The players

Boothbay Fund Management LLC

An investment management firm that has increased its stake in Dave Inc.

Dave Inc.

A Los Angeles-based fintech company that offers a mobile app and overdraft protection services.

Vanguard Group Inc.

A major institutional investor that has also been adding to its position in Dave Inc.

American Century Companies Inc.

Another large investor that has increased its holdings in the fintech company.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

The increase in Boothbay's stake in Dave Inc. reflects the continued institutional interest in the fintech company, which has built a loyal customer base for its mobile banking and overdraft protection services. As the company navigates a volatile market, this vote of confidence from a major investor could signal further growth and stability ahead.