Expensify
EXFY
65 hedge funds and large institutions have $585M invested in Expensify in 2022 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 9 closing their positions.
189% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 9
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
35% more funds holding
Funds holding: 48 → 65 (+17)
29% more capital invested
Capital invested by funds: $454M → $585M (+$132M)
10.1% more ownership
Funds ownership: 38.27% → 48.36% (+10%)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
83% less call options, than puts
Call options by funds: $40K | Put options by funds: $240K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SW
SVB Wealth
Boston,
Massachusetts
|
+$54.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$27.6M |
| 3 |
RIM
Ranger Investment Management
Dallas,
Texas
|
+$11.1M |
| 4 |
IC
IEQ Capital
Foster City,
California
|
+$10.3M |
| 5 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.91M |
| 2 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
-$2.66M |
| 3 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$2.21M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$1.77M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$1.49M |
EXFY Hedge Fund Activity: Q2 2022 in Review
65 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Expensify (EXFY) for Q2 2022, worth a combined $585M — up 29% from $454M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new EXFY positions and 9 closed out — a net gain of 17 holders — while 14 added to existing stakes and 15 trimmed.
The largest buyer was SVB Wealth, opening a new position worth an estimated $54.2M. The largest seller was Bank of Montreal, exiting entirely with an estimated $2.91M sold.
- 65 institutional investors held Expensify (EXFY) as of Q2 2022, up from 48 in Q1 2022.
- Funds reported $585M of Expensify stock for Q2 2022, up 29% quarter-over-quarter.
- 26 funds opened new Expensify positions in Q2 2022 and 9 closed out, a net change of +17 holders.
- The largest Expensify buyer in Q2 2022 was SVB Wealth, an estimated $54.2M added.
- The largest Expensify seller in Q2 2022 was Bank of Montreal, an estimated $2.91M sold.
Based on aggregated 13F filings for Q2 2022.