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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
Balyasny Asset Management
51
Balyasny Asset Management
Illinois
-$2.71M -61,578 Closed
SCM
52
Steadfast Capital Management
New York
-$2.28M -51,790 Closed
HI
53
HBK Investments
Texas
-$2.2M -50,000 Closed
CCM
54
Crestwood Capital Management
New York
-$1.98M -45,000 Closed
DKCM
55
Davidson Kempner Capital Management
New York
-$1.14M -26,000 Closed
RCMU
56
Rokos Capital Management (UK)
United Kingdom
-$1.06M -25,000 Closed
Squarepoint
57
Squarepoint
New York
-$1.1M -25,000 Closed
Millennium Management
58
Millennium Management
New York
-$816K -18,539 Closed
LCM
59
Laurion Capital Management
New York
-$761K -17,300 Closed
Legal & General Group
60
Legal & General Group
United Kingdom
-$659K -15,000 Closed
PCM
61
Pinz Capital Management
New York
-$645K -14,652 Closed
Two Sigma Investments
62
Two Sigma Investments
New York
-$453K -10,289 Closed
AI
63
Atom Investors
Texas
-$378K -8,602 Closed
CSS
64
Cubist Systematic Strategies
Connecticut
-$327K -7,436 Closed
JP Morgan Chase
65
JP Morgan Chase
New York
-$197K -4,479 Closed
PNC Financial Services Group
66
PNC Financial Services Group
Pennsylvania
-$88K -2,000 Closed
WBC
67
West Branch Capital
Massachusetts
-$44K -1,000 Closed
RA
68
Resolute Advisors
California
-$4K -100 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.