What smart money is saying about DoorDash
3 funds in our archive have pitched DoorDash — most recently Artisan Partners Global Opportunities Strategy in June 2026.
DoorDash, Inc. operates a comprehensive logistics platform globally and within the United States, linking merchants, consumers, and delivery personnel ('dashers'). Through its primary marketplaces, DoorDash and Wolt, the company provides essential services designed to help merchants overcome critical challenges, including customer acquisition, delivery logistics, data insights and analytics, merchandising support, payment processing, and customer assistance. Additionally, DoorDash offers subscription-based products like DashPass and Wolt+, alongside white-label delivery fulfillment services under DoorDash Drive and Wolt Drive. Its portfolio also includes DoorDash Storefront, which enables merchants to provide on-demand e-commerce access to their customers, and Bbot, a solution offering digital ordering and payment processing for both in-store and online channels. Founded in 2013 as Palo Alto Delivery Inc., the company officially adopted the name DoorDash, Inc. in 2015. It is headquartered in San Francisco, California.
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Position history
Between Q1 2025 and Q2 2026, 6 fund letters reported a position in DoorDash — 2 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 5 | 1 | 0 | 1 |
| Q1 2026 | 1 | 1 | 0 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 6 positions · 2 moves
- June 2026
“While consumer discretionary opportunities are not as plentiful, in our view, our selective holdings in franchises such as Viking Holdings, DoorDash and Texas Roadhouse have been performing well.”
DoorDash - June 2026
Listed in Montaka Global (Montaka Global Fund’s reported holdings.
DoorDash - HoldsOptimist FundJune 2026
Listed in Optimist Fund’s reported holdings.
DoorDash - June 2026
“Notable adds during the quarter included DoorDash and Keyence. DoorDash operates a technology-driven local commerce marketplace. Recent results demonstrated continued strength in underlying demand, with record membership additions and ongoing market share gains across the restaurant, retail and grocery delivery segments. While investments in new verticals have tempered near-term margin expansion, we believe they have the potential to meaningfully extend the company’s growth runway. Shares have also been pressured by concerns that AI could disrupt consumer internet companies, but DoorDash’s fulfillment network solves a physical, logistics-intensive problem that we believe is less vulnerable to near-term AI disruption. We continue to believe the market underestimates the durability of DoorDash’s network and long-term monetization opportunity, and we increased the position following the recent pullback.”
DoorDash - HoldsMontaka Global FundJune 2026
Listed in Montaka Global Fund’s reported holdings.
DoorDash - March 2026
“DoorDash Inc. operates a commerce platform that connects merchants, consumers, and dashers. The combination of a mixed fourth quarter and lower-than-expected first-quarter guidance led to a -34% sell-off. Of note, there was a record number of new Dash Pass enrollers. With investments front-end loaded, DoorDash is positioned for a second-half margin expansion, and that is why we added to the position.”
DoorDash
Also mentioned · 1
These funds discuss DoorDash — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedHayden CapitalJune 2026
“For example, remember that viral 2028 thought experiment that made the rounds and sparked fear in the markets earlier this year (LINK)? The one imagining a world where DoorDash and the other marketplaces lose their pricing power, as our personal AI agents quickly comparison- shop dozens of vibe coded competing sites on our behalf? At a high level, I suspect the piece is directionally right. But it just doesn't feel like a world that's only two years away. We're still ordering pad thai the old fashioned way, and DoorDash stock has recovered to where it traded before the "SaaS-pocalypse" narrative took hold.”
DoorDash
Fund coverage · 3 theses
DoorDash has durable fulfillment नेटवर्क advantages, strong demand, and a long growth runway from new verticals.
Read the full thesis- Sands Capital Global GrowthDecember 2025
DoorDash is the leading U.S. delivery platform with strong growth and improving unit economics, reinvesting from a position of strength across multiple adjacencies.
Read the full thesis - Artisan US Mid Cap Growth StrategyMarch 2025
DoorDash is a technology-driven marketplace that leads the restaurant delivery sector while expanding into grocery delivery, aiming for profitability through its established Dasher network despite current losses in that area.
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