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Expensify

48 hedge funds and large institutions have $454M invested in Expensify in 2022 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

2.35% more ownership

Funds ownership: 35.92%38.27% (+2.3%)

13% less funds holding

Funds holding: 5548 (-7)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

35% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 20

57% less capital invested

Capital invested by funds: $1.07B → $454M (-$613M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $45K

Holders
48
Holders Change
-7
Holders Change %
-12.73%
% of All Funds
0.76%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
13
Increased
16
Reduced
11
Closed
20
Calls
Puts
$45K
Net Calls
-$45K
Net Calls Change
-$45K
Name Holding Trade Value Shares
Change
Change in
Stake
State Street
26
State Street
Massachusetts
$627K +$727K +29,831 +506%
Jane Street
27
Jane Street
New York
$550K +$764K +31,343 New
Morgan Stanley
28
Morgan Stanley
New York
$486K +$77.1K +3,164 +13%
SSA
29
Schonfeld Strategic Advisors
New York
$329K -$962K -39,438 -68%
Northern Trust
30
Northern Trust
Illinois
$286K -$8.92K -366 -2%
Fidelity Investments
31
Fidelity Investments
Massachusetts
$264K -$21.2M -869,789 -98%
BAMCO Inc
32
BAMCO Inc
New York
$246K -$73.1K -3,000 -18%
Alyeska Investment Group
33
Alyeska Investment Group
Illinois
$246K +$341K +13,994 New
Tudor Investment Corp
34
Tudor Investment Corp
Connecticut
$194K -$614K -25,175 -70%
QT
35
Quantbot Technologies
New York
$86K +$121K +4,950 New
TRCT
36
Tower Research Capital (TRC)
New York
$74K +$103K +4,220 New
Osaic Holdings
37
Osaic Holdings
Arizona
$48K -$43.4K -1,782 -40%
Bank of America
38
Bank of America
North Carolina
$24K +$25.4K +1,041 +340%
Simplex Trading
39
Simplex Trading
Illinois
$23K +$32.1K +1,317 New
NFSG
40
Newbridge Financial Services Group
Florida
$18K
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$18K +$24.4K +1,000 New
UBS Group
42
UBS Group
Switzerland
$14K +$19.5K +800 New
MCC
43
Money Concepts Capital
Florida
$13K +$18.7K +765 New
OLVIG
44
Oliver Lagore Vanvalin Investment Group
Michigan
$4K +$5.9K +242 New
BDWM
45
Brewin Dolphin Wealth Management
Ireland
$2K
CG
46
Cutler Group
California
$2K +$3.97K +163 New
SC
47
Stephens Consulting
Michigan
$1.76K
Wells Fargo
48
Wells Fargo
California
$1K
Tiger Global Management
49
Tiger Global Management
New York
-$11M -250,000 Closed
CCM
50
CAAS Capital Management
New York
-$3.47M -78,771 Closed

EXFY Hedge Fund Activity: Q1 2022 in Review

48 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Expensify (EXFY) for Q1 2022, worth a combined $454M — down 57% from $1.07B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of EXFY and 13 opened new positions — a net loss of 7 holders — while 11 trimmed existing stakes and 16 added.

The largest buyer was Light Street Capital Management, adding an estimated $13.1M. The largest seller was Fidelity Investments, cutting an estimated $21.2M.

  • 48 institutional investors held Expensify (EXFY) as of Q1 2022, down from 55 in Q4 2021.
  • Funds reported $454M of Expensify stock for Q1 2022, down 57% quarter-over-quarter.
  • 13 funds opened new Expensify positions in Q1 2022 and 20 closed out, a net change of -7 holders.
  • The largest Expensify buyer in Q1 2022 was Light Street Capital Management, an estimated $13.1M added.
  • The largest Expensify seller in Q1 2022 was Fidelity Investments, an estimated $21.2M sold.

Based on aggregated 13F filings for Q1 2022.