Asana
ASAN
213 hedge funds and large institutions have $917M invested in Asana in 2024 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 61 increasing their positions, 74 reducing their positions, and 39 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
10% more call options, than puts
Call options by funds: $37.5M | Put options by funds: $34.2M
0.82% less ownership
Funds ownership: 43.3% → 42.47% (-0.82%)
3% less funds holding
Funds holding: 220 → 213 (-7)
13% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 39
18% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 74
19% less capital invested
Capital invested by funds: $1.13B → $917M (-$211M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
+$16.6M |
| 2 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$15.3M |
| 3 |
WCM
Westerly Capital Management
San Francisco,
California
|
+$9.33M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.79M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$5.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$22.9M |
| 2 |
D.E. Shaw & Co
New York
|
-$13.1M |
| 3 |
Renaissance Technologies
New York
|
-$12.1M |
| 4 |
BlackRock
New York
|
-$11.6M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$5.37M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$57 | -3 | Closed |
|
|
C
252
Covestor
London,
United Kingdom
| – | -$18 | -1 | -14% |
|
ASAN Hedge Fund Activity: Q1 2024 in Review
213 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Asana (ASAN) for Q1 2024, worth a combined $917M — down 19% from $1.13B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of ASAN and 34 opened new positions — a net loss of 5 holders — while 74 trimmed existing stakes and 61 added.
The largest buyer was VOYA Investment Management, adding an estimated $16.6M. The largest seller was Morgan Stanley, cutting an estimated $22.9M.
- 213 institutional investors held Asana (ASAN) as of Q1 2024, down from 220 in Q4 2023.
- Funds reported $917M of Asana stock for Q1 2024, down 19% quarter-over-quarter.
- 34 funds opened new Asana positions in Q1 2024 and 39 closed out, a net change of -5 holders.
- The largest Asana buyer in Q1 2024 was VOYA Investment Management, an estimated $16.6M added.
- The largest Asana seller in Q1 2024 was Morgan Stanley, an estimated $22.9M sold.
Based on aggregated 13F filings for Q1 2024.