Expensify
EXFY
80 hedge funds and large institutions have $39.5M invested in Expensify in 2024 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 15 increasing their positions, 34 reducing their positions, and 27 closing their positions.
6.26% less ownership
Funds ownership: 43.24% → 36.98% (-6.3%)
9% less funds holding
Funds holding: 88 → 80 (-8)
30% less capital invested
Capital invested by funds: $56.1M → $39.5M (-$16.6M)
30% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 27
56% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 34
97% less call options, than puts
Call options by funds: $1K | Put options by funds: $34K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.19M |
| 2 |
RC
RBF Capital
San Francisco,
California
|
+$686K |
| 3 |
Goldman Sachs
New York
|
+$581K |
| 4 |
CM
CastleKnight Management
New York
|
+$402K |
| 5 |
PVM
Palogic Value Management
Dallas,
Texas
|
+$366K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$4.57M |
| 2 |
State Street
Boston,
Massachusetts
|
-$1.4M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$983K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$557K |
| 5 |
Walleye Capital
New York
|
-$328K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AB
101
Amalgamated Bank
New York
| – | -$3K | -1,863 | Closed |
|
|
PD
102
Point72 (DIFC)
Dubai,
United Arab Emirates
| – | -$2.13K | -1,160 | Closed |
|
|
EWA
103
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$1.69K | -1,059 | Closed |
|
104
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$432 | -274 | -56% |
|
|
AW
105
Avion Wealth
The Woodlands,
Texas
| – | -$1K | -273 | Closed |
|
|
FFA
106
Farther Finance Advisors
San Francisco,
California
| – | -$22 | -13 | Closed |
|
|
AWM
107
Avior Wealth Management
Omaha,
Nebraska
| – | -$20 | -11 | Closed |
|
EXFY Hedge Fund Activity: Q2 2024 in Review
80 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Expensify (EXFY) for Q2 2024, worth a combined $39.5M — down 30% from $56.1M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of EXFY and 19 opened new positions — a net loss of 8 holders — while 34 trimmed existing stakes and 15 added.
The largest buyer was Ameriprise, adding an estimated $2.19M. The largest seller was BlackRock, cutting an estimated $4.57M.
- 80 institutional investors held Expensify (EXFY) as of Q2 2024, down from 88 in Q1 2024.
- Funds reported $39.5M of Expensify stock for Q2 2024, down 30% quarter-over-quarter.
- 19 funds opened new Expensify positions in Q2 2024 and 27 closed out, a net change of -8 holders.
- The largest Expensify buyer in Q2 2024 was Ameriprise, an estimated $2.19M added.
- The largest Expensify seller in Q2 2024 was BlackRock, an estimated $4.57M sold.
Based on aggregated 13F filings for Q2 2024.