We are live on ! Find out more
EXFY icon

Expensify
EXFY

97 hedge funds and large institutions have $88.2M invested in Expensify in 2025 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 35 increasing their positions, 25 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

4,118% more call options, than puts

Call options by funds: $717K | Put options by funds: $17K

40% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 25

2.39% more ownership

Funds ownership: 39.99% → 42.38% (+2.4%)

4% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 28

1% less funds holding

Funds holding: 98 → 97 (-1)

9% less capital invested

Capital invested by funds: $96.7M → $88.2M (-$8.46M)

Holders
97
Holders Change
-1
Holders Change %
-1.02%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
27
Increased
35
Reduced
25
Closed
28
Calls
$717K
Puts
$17K
Net Calls
+$700K
Net Calls Change
+$247K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$7.22M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$1.98M
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.94M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$1.67M
5
CM
CastleKnight Management
New York
+$1.34M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$4.28M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.05M
3
Ameriprise
Ameriprise
Minnesota
-$1.14M
4
Tudor Investment Corp
Tudor Investment Corp
Connecticut
-$890K
5
Jane Street
Jane Street
New York
-$761K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
26
Globeflex Capital
California
$845K +$834K +326,444 New
ETC
27
Exchange Traded Concepts
Oklahoma
$771K -$15.5K -6,061 -2%
JP Morgan Chase
28
JP Morgan Chase
New York
$710K -$71.8K -28,093 -9%
Susquehanna International Group
29
Susquehanna International Group
Pennsylvania
$695K -$2.05M -801,475 -75%
Qube Research & Technologies (QRT)
30
Qube Research & Technologies (QRT)
United Kingdom
$621K -$517K -202,423 -46%
RC
31
RBF Capital
California
$546K -$75.1K -29,400 -12%
Goldman Sachs
32
Goldman Sachs
New York
$541K -$703K -275,034 -57%
BCM
33
Bridgeway Capital Management
Texas
$503K – – –
Bank of New York Mellon
34
Bank of New York Mellon
New York
$440K +$303K +118,494 +231%
BNP Paribas Financial Markets
35
BNP Paribas Financial Markets
France
$426K -$71.9K -28,117 -15%
Federated Hermes
36
Federated Hermes
Pennsylvania
$422K -$6.9K -2,700 -2%
MFA
37
Morling Financial Advisors
California
$386K – – –
Barclays
38
Barclays
United Kingdom
$378K -$64.2K -25,119 -15%
IQI
39
Integrated Quantitative Investments
Washington
$366K +$246K +96,372 +215%
American Century Companies
40
American Century Companies
Missouri
$315K +$56K +21,912 +22%
Bank of America
41
Bank of America
North Carolina
$290K +$120K +46,999 +72%
SOW
42
State of Wyoming
Wyoming
$240K -$87.9K -34,385 -27%
HIM
43
Hillsdale Investment Management
Ontario, Canada
$220K – – –
N
44
Nuveen
North Carolina
$201K +$198K +77,657 New
Victory Capital Management
45
Victory Capital Management
Texas
$195K +$117K +45,799 +155%
WANY
46
Wealthspire Advisors (New York)
New York
$171K – – –
UBS Group
47
UBS Group
Switzerland
$158K -$614K -240,318 -80%
XT
48
XTX Topco
Cayman Islands
$157K +$155K +60,472 New
HSBC Holdings
49
HSBC Holdings
United Kingdom
$156K +$14.5K +5,688 +10%
DTL
50
Dynamic Technology Lab
Singapore
$156K +$34.2K +13,388 +29%
1
2
3 4 5

EXFY Hedge Fund Activity: Q2 2025 in Review

97 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Expensify (EXFY) for Q2 2025, worth a combined $88.2M — down 8.8% from $96.7M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of EXFY and 27 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 35 added.

The largest buyer was BlackRock, adding an estimated $7.22M. The largest seller was Millennium Management, exiting entirely with an estimated $4.28M sold.

  • 97 institutional investors held Expensify (EXFY) as of Q2 2025, down from 98 in Q1 2025.
  • Funds reported $88.2M of Expensify stock for Q2 2025, down 8.8% quarter-over-quarter.
  • 27 funds opened new Expensify positions in Q2 2025 and 28 closed out, a net change of -1 holder.
  • The largest Expensify buyer in Q2 2025 was BlackRock, an estimated $7.22M added.
  • The largest Expensify seller in Q2 2025 was Millennium Management, an estimated $4.28M sold.

Based on aggregated 13F filings for Q2 2025.