Divisadero Street Capital Management Boosts Stake in Dave Inc.

The investment firm increased its holdings in the fintech company by 73.1% in the third quarter.

Mar. 16, 2026 at 10:08am

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Divisadero Street Capital Management LP increased its stake in Dave Inc. (NASDAQ:DAVE) by 73.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor now owns 925,266 shares of the fintech company's stock, making it Dave's second-largest shareholder with a 0.07% stake worth $184.5 million.

Why it matters

The increased investment by Divisadero Street Capital Management suggests the firm sees strong growth potential in Dave, a financial technology company that offers overdraft protection and budgeting tools to consumers. Dave's stock has seen significant volatility over the past year, but the company's user base and revenue have continued to expand.

The details

Divisadero Street Capital Management purchased an additional 390,676 shares of Dave in the third quarter, bringing its total holdings to 925,266 shares. The firm now owns approximately 0.07% of Dave's outstanding shares. Several other hedge funds and institutional investors have also increased their stakes in Dave recently, including Bank of New York Mellon Corp, ProShare Advisors LLC, and Geode Capital Management LLC.

  • Divisadero Street Capital Management increased its stake in Dave during the third quarter of 2026.

The players

Divisadero Street Capital Management LP

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

Dave Inc.

A Los Angeles-based financial technology company that offers overdraft protection and budgeting tools to consumers.

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The takeaway

Divisadero Street Capital Management's increased investment in Dave suggests the firm believes the fintech company has strong growth potential, despite the stock's recent volatility. This move highlights the continued investor interest in the financial technology sector and Dave's ability to attract institutional backing.