Expensify
EXFY
97 hedge funds and large institutions have $277M invested in Expensify in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 8 closing their positions.
275% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 8
29% more funds holding
Funds holding: 75 → 97 (+22)
27% more call options, than puts
Call options by funds: $334K | Put options by funds: $263K
12% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 25
0.78% more ownership
Funds ownership: 48.99% → 49.77% (+0.78%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less capital invested
Capital invested by funds: $295M → $277M (-$18.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$4.36M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.44M |
| 3 |
Millennium Management
New York
|
+$2.17M |
| 4 |
KC
Kadensa Capital
Central,
Hong Kong
|
+$1.81M |
| 5 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$9.36M |
| 2 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
-$4.51M |
| 3 |
KAH
Kathryn A. Hall
|
-$3.24M |
| 4 |
BlackRock
New York
|
-$2.97M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Rockefeller Capital Management
New York
| – | -$5K | -575 | Closed |
|
102
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3.97K | -450 | Closed |
|
|
MCC
103
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$1.1K | -125 | Closed |
|
|
NA
104
NewEdge Advisors
New Orleans,
Louisiana
| – | -$44 | -5 | Closed |
|
105
Fidelity Investments
Boston,
Massachusetts
| – | -$34 | -4 | Closed |
|
EXFY Hedge Fund Activity: Q1 2023 in Review
97 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Expensify (EXFY) for Q1 2023, worth a combined $277M — down 6.2% from $295M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new EXFY positions and 8 closed out — a net gain of 22 holders — while 28 added to existing stakes and 25 trimmed.
The largest buyer was Janus Henderson Group, adding an estimated $4.36M. The largest seller was Durable Capital Partners, cutting an estimated $9.36M.
- 97 institutional investors held Expensify (EXFY) as of Q1 2023, up from 75 in Q4 2022.
- Funds reported $277M of Expensify stock for Q1 2023, down 6.2% quarter-over-quarter.
- 30 funds opened new Expensify positions in Q1 2023 and 8 closed out, a net change of +22 holders.
- The largest Expensify buyer in Q1 2023 was Janus Henderson Group, an estimated $4.36M added.
- The largest Expensify seller in Q1 2023 was Durable Capital Partners, an estimated $9.36M sold.
Based on aggregated 13F filings for Q1 2023.