NRCM
AVDX

North Reef Capital Management’s AvidXchange AVDX Stock Holding History

North Reef Capital Management’s Portfolio AVDX Stock Details AVDX Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q2 		– Sell
-8,675,000
Closed -$73.6M – 42
2025
Q1 		$73.6M Buy
8,675,000
+681,000
+9% +$6.29M 3.18% 12
2024
Q4 		$82.7M Buy
7,994,000
+194,000
+2% +$1.89M 3.71% 10
2024
Q3 		$63.3M Buy
7,800,000
+1,500,000
+24% +$14.1M 2.95% 13
2024
Q2 		$76M Buy
6,300,000
+800,000
+15% +$9.13M 3.52% 12
2024
Q1 		$72.3M Buy
5,500,000
+1,002,200
+22% +$12M 3.77% 13
2023
Q4 		$55.7M Sell
4,497,800
-12,200
-0.3% -$122K 3.25% 15
2023
Q3 		$42.8M Buy
4,510,000
+1,768,120
+64% +$18.5M 2.7% 16
2023
Q2 		$28.5M Sell
2,741,880
-1,573,120
-36% -$14.2M 2.19% 20
2023
Q1 		$33.7M Buy
4,315,000
+612,117
+17% +$5.89M 3.77% 10
2022
Q4 		$36.8M Buy
3,702,883
+2,634,041
+246% +$22.9M 4.03% 11
2022
Q3 		$9M Buy
+1,068,842
New +$8.28M 2.25% 16
2022
Q2 		– Sell
-683,256
Closed -$5.5M – 37
2022
Q1 		$5.5M Buy
683,256
+503,256
+280% +$5.07M 2.25% 16
2021
Q4 		$2.71M Buy
+180,000
New +$3.76M 1.25% 23

Other funds holding AVDX

Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
MF
Magnetar Financial Evanston, Illinois $9.84B AUM 190.64% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
GCL
Glazer Capital LLC New York $4.71B AUM 81.93% 1-Year Est. Return
NAM
Nexpoint Asset Management Dallas, Texas $1.49B AUM 61.08% 1-Year Est. Return
AA
AQR Arbitrage Greenwich, Connecticut $6.09B AUM 27.01% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
TAL
TIG Advisors LLC New York $2.16B AUM 72.99% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

North Reef Capital Management's AVDX Position: Q2 2025 in Review

North Reef Capital Management sold out of AvidXchange (AVDX) in Q2 2025, closing a stake of 8,675,000 shares — an estimated $73.6M sold.

North Reef Capital Management first reported a position in AVDX in Q4 2021 and held it in 13 quarters. The position peaked at $82.7M in Q4 2024. 219 funds tracked by Wall St. Rank hold AVDX as of Q2 2025.

  • North Reef Capital Management reported no remaining AvidXchange position as of Q2 2025 after selling out during the quarter.
  • North Reef Capital Management sold 8,675,000 AvidXchange shares in Q2 2025, an estimated $73.6M.
  • North Reef Capital Management first reported a position in AvidXchange in Q4 2021 and held it in 13 quarters.
  • North Reef Capital Management's AvidXchange position peaked at $82.7M in Q4 2024.
  • 219 funds tracked by Wall St. Rank held AvidXchange as of Q2 2025.

Based on North Reef Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.