Expensify
EXFY
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.
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: 55 → 48 (-7)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$13.1M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$12.1M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$11.1M |
| 4 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$10.9M |
| 5 |
PC
Pier Capital
Stamford,
Connecticut
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$21.2M |
| 2 |
Tiger Global Management
New York
|
-$11M |
| 3 |
BlackRock
New York
|
-$5.15M |
| 4 |
CCM
CAAS Capital Management
New York
|
-$3.47M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$2.71M |
EXFY Hedge Fund Activity: Q1 2022 in Review
48 of the 6,360 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.