Ninety One UK Ltd increased its stake in DoorDash by 4.7% during the fourth quarter, according to a recent SEC filing. The asset management firm now owns approximately 997,706 shares worth around $226 million, representing about 0.23% of the company. The investment firm added 44,898 shares to its portfolio during the quarter. Other major institutional investors in DoorDash include American Century Companies, Mitsubishi UFJ Asset Management and Jefferies Financial Group. DoorDash's stock has traded between $143.30 and $285.50 over the past 52 weeks. The increased institutional ownership suggests confidence in the food delivery platform's long-term potential despite recent market volatility in the technology and delivery sectors.

Avantis Investors, a $110 billion investment offering from American Century Investments, has appointed Joseph Chi as senior portfolio manager. Chi joins from Dimensional Fund Advisors, where he served as co-head of portfolio management and chair of the investment committee, overseeing 150 investment professionals globally. Chi, a CFA charterholder with degrees from UCLA and USC, will report to Chief Investment Officer Eduardo Repetto and be based in Los Angeles. Earlier in his career, he practised securities and finance law, specialising in venture capital and mergers and acquisitions. Founded in 2019, Avantis now manages 44 investment strategies across the United States, Australia and Europe. The firm, alongside American Century, ranks as the fourth-largest issuer of active ETFs in the United States.