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Expensify

65 hedge funds and large institutions have $585M invested in Expensify in 2022 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

189% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 9

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

35% more funds holding

Funds holding: 4865 (+17)

29% more capital invested

Capital invested by funds: $454M → $585M (+$132M)

10.1% more ownership

Funds ownership: 38.27%48.36% (+10%)

7% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 15

83% less call options, than puts

Call options by funds: $40K | Put options by funds: $240K

Holders
65
Holders Change
+17
Holders Change %
+35.42%
% of All Funds
1.1%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
26
Increased
14
Reduced
15
Closed
9
Calls
$40K
Puts
$240K
Net Calls
-$200K
Net Calls Change
-$155K
Name Holding Trade Value Shares
Change
Change in
Stake
Victory Capital Management
26
Victory Capital Management
Texas
$1.33M -$18 -1 -0%
D.E. Shaw & Co
27
D.E. Shaw & Co
New York
$1.31M -$272K -15,347 -17%
Goldman Sachs
28
Goldman Sachs
New York
$1.17M -$128K -7,245 -10%
State Street
29
State Street
Massachusetts
$854K +$217K +12,262 +34%
Charles Schwab
30
Charles Schwab
California
$809K -$26.3K -1,485 -3%
Bank of America
31
Bank of America
North Carolina
$793K +$765K +43,239 +3,210%
GAG
32
GM Advisory Group
New York
$791K +$787K +44,482 New
BC
33
BIT Capital
Germany
$764K +$760K +42,939 New
APP
34
Alpha Paradigm Partners
Illinois
$761K +$757K +42,767 New
Swiss National Bank
35
Swiss National Bank
Switzerland
$571K +$568K +32,100 New
Morgan Stanley
36
Morgan Stanley
New York
$552K +$59.1K +3,341 +12%
SHGA
37
Sand Hill Global Advisors
California
$484K +$481K +27,189 New
HighTower Advisors
38
HighTower Advisors
Illinois
$484K +$481K +27,199 New
KC
39
Kadensa Capital
Hong Kong
$467K +$465K +26,247 New
Northern Trust
40
Northern Trust
Illinois
$406K +$116K +6,558 +40%
BAM
41
Bullseye Asset Management
Colorado
$374K +$372K +20,998 New
Wellington Management Group
42
Wellington Management Group
Massachusetts
$336K +$334K +18,864 New
CSS
43
Cubist Systematic Strategies
Connecticut
$324K +$322K +18,188 New
State of Wisconsin Investment Board
44
State of Wisconsin Investment Board
Wisconsin
$254K +$253K +14,281 New
BAMCO Inc
45
BAMCO Inc
New York
$249K
California State Teachers Retirement System (CalSTRS)
46
California State Teachers Retirement System (CalSTRS)
California
$208K +$206K +11,664 New
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$163K +$162K +9,169 New
CS
48
Credit Suisse
Switzerland
$160K +$159K +8,967 New
Legal & General Group
49
Legal & General Group
United Kingdom
$154K +$153K +8,655 New
Osaic Holdings
50
Osaic Holdings
Arizona
$101K +$52.5K +2,966 +109%

EXFY Hedge Fund Activity: Q2 2022 in Review

65 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Expensify (EXFY) for Q2 2022, worth a combined $585M — up 29% from $454M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new EXFY positions and 9 closed out — a net gain of 17 holders — while 14 added to existing stakes and 15 trimmed.

The largest buyer was SVB Wealth, opening a new position worth an estimated $54.2M. The largest seller was Bank of Montreal, exiting entirely with an estimated $2.91M sold.

  • 65 institutional investors held Expensify (EXFY) as of Q2 2022, up from 48 in Q1 2022.
  • Funds reported $585M of Expensify stock for Q2 2022, up 29% quarter-over-quarter.
  • 26 funds opened new Expensify positions in Q2 2022 and 9 closed out, a net change of +17 holders.
  • The largest Expensify buyer in Q2 2022 was SVB Wealth, an estimated $54.2M added.
  • The largest Expensify seller in Q2 2022 was Bank of Montreal, an estimated $2.91M sold.

Based on aggregated 13F filings for Q2 2022.