Expensify
EXFY
75 hedge funds and large institutions have $295M invested in Expensify in 2022 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 26 increasing their positions, 15 reducing their positions, and 26 closing their positions.
486% more call options, than puts
Call options by funds: $428K | Put options by funds: $73K
73% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 15
1.87% more ownership
Funds ownership: 47.11% → 48.99% (+1.9%)
10% less funds holding
Funds holding: 83 → 75 (-8)
27% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 26
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
38% less capital invested
Capital invested by funds: $478M → $295M (-$183M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SW
SVB Wealth
Boston,
Massachusetts
|
+$37.6M |
| 2 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$16.1M |
| 3 |
Millennium Management
New York
|
+$2.95M |
| 4 |
D.E. Shaw & Co
New York
|
+$2.34M |
| 5 |
MFA
Morling Financial Advisors
Fremont,
California
|
+$1.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$17.2M |
| 2 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$10.6M |
| 3 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$9.72M |
| 4 |
PC
Pier Capital
Stamford,
Connecticut
|
-$6.61M |
| 5 |
AMI
Amica Mutual Insurance
Providence,
Rhode Island
|
-$6.07M |
EXFY Hedge Fund Activity: Q4 2022 in Review
75 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Expensify (EXFY) for Q4 2022, worth a combined $295M — down 38% from $478M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of EXFY and 19 opened new positions — a net loss of 7 holders — while 15 trimmed existing stakes and 26 added.
The largest buyer was SVB Wealth, opening a new position worth an estimated $37.6M. The largest seller was Massachusetts Financial Services, exiting entirely with an estimated $17.2M sold.
- 75 institutional investors held Expensify (EXFY) as of Q4 2022, down from 83 in Q3 2022.
- Funds reported $295M of Expensify stock for Q4 2022, down 38% quarter-over-quarter.
- 19 funds opened new Expensify positions in Q4 2022 and 26 closed out, a net change of -7 holders.
- The largest Expensify buyer in Q4 2022 was SVB Wealth, an estimated $37.6M added.
- The largest Expensify seller in Q4 2022 was Massachusetts Financial Services, an estimated $17.2M sold.
Based on aggregated 13F filings for Q4 2022.