Expensify
EXFY
98 hedge funds and large institutions have $96.7M invested in Expensify in 2025 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 40 increasing their positions, 27 reducing their positions, and 11 closing their positions.
2,265% more call options, than puts
Call options by funds: $473K | Put options by funds: $20K
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
48% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 27
9% more funds holding
Funds holding: 90 → 98 (+8)
1.21% more ownership
Funds ownership: 38.78% → 39.99% (+1.2%)
4% less capital invested
Capital invested by funds: $100M → $96.7M (-$3.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.48M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.94M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$1.12M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$795K |
| 5 |
EI
EAM Investors
Solana Beach,
California
|
+$773K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$1.17M |
| 2 |
Walleye Capital
New York
|
-$829K |
| 3 |
6CM
683 Capital Management
New York
|
-$740K |
| 4 |
Two Sigma Investments
New York
|
-$691K |
| 5 |
Citigroup
New York
|
-$623K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Man Group
London,
United Kingdom
| – | -$169K | -50,316 | Closed |
|
102
Verition Fund Management
Greenwich,
Connecticut
| – | -$157K | -46,917 | Closed |
|
|
XT
103
XTX Topco
George Town,
Cayman Islands
| – | -$151K | -45,026 | Closed |
|
|
AGM
104
Alpine Global Management
New York
| – | -$79.2K | -23,640 | Closed |
|
105
AQR Capital Management
Greenwich,
Connecticut
| – | -$73.5K | -21,950 | Closed |
|
|
QT
106
Quantbot Technologies
New York
| – | -$68K | -20,300 | Closed |
|
|
SFI
107
Susquehanna Fundamental Investments
Bala Cynwyd,
Pennsylvania
| – | -$66.6K | -19,879 | Closed |
|
108
Wolverine Trading
Chicago,
Illinois
| – | -$67.9K | -19,552 | Closed |
|
109
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$434 | -125 | -81% |
|
EXFY Hedge Fund Activity: Q1 2025 in Review
98 of the 7,466 institutional investors tracked by Wall St. Rank reported a position in Expensify (EXFY) for Q1 2025, worth a combined $96.7M — down 3.6% from $100M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new EXFY positions and 11 closed out — a net gain of 8 holders — while 40 added to existing stakes and 27 trimmed.
The largest buyer was Millennium Management, adding an estimated $2.48M. The largest seller was D.E. Shaw & Co, cutting an estimated $1.17M.
- 98 institutional investors held Expensify (EXFY) as of Q1 2025, up from 90 in Q4 2024.
- Funds reported $96.7M of Expensify stock for Q1 2025, down 3.6% quarter-over-quarter.
- 19 funds opened new Expensify positions in Q1 2025 and 11 closed out, a net change of +8 holders.
- The largest Expensify buyer in Q1 2025 was Millennium Management, an estimated $2.48M added.
- The largest Expensify seller in Q1 2025 was D.E. Shaw & Co, an estimated $1.17M sold.
Based on aggregated 13F filings for Q1 2025.