Expensify
EXFY
104 hedge funds and large institutions have $102M invested in Expensify in 2023 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 43 increasing their positions, 19 reducing their positions, and 17 closing their positions.
126% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 19
103% more call options, than puts
Call options by funds: $264K | Put options by funds: $130K
41% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 17
7% more funds holding
Funds holding: 97 → 104 (+7)
7.29% less ownership
Funds ownership: 52.95% → 45.66% (-7.3%)
65% less capital invested
Capital invested by funds: $289M → $102M (-$188M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$14.1M |
| 2 |
Millennium Management
New York
|
+$4.45M |
| 3 |
PVM
Palogic Value Management
Dallas,
Texas
|
+$3.24M |
| 4 |
Walleye Capital
New York
|
+$3.08M |
| 5 |
D.E. Shaw & Co
New York
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OM
OpenView Management
Boston,
Massachusetts
|
-$80.2M |
| 2 |
KC
Kadensa Capital
Central,
Hong Kong
|
-$4.39M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.19M |
| 4 |
SW
SVB Wealth
Boston,
Massachusetts
|
-$2.43M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$1.97M |
EXFY Hedge Fund Activity: Q3 2023 in Review
104 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Expensify (EXFY) for Q3 2023, worth a combined $102M — down 65% from $289M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new EXFY positions and 17 closed out — a net gain of 7 holders — while 43 added to existing stakes and 19 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $14.1M. The largest seller was OpenView Management, exiting entirely with an estimated $80.2M sold.
- 104 institutional investors held Expensify (EXFY) as of Q3 2023, up from 97 in Q2 2023.
- Funds reported $102M of Expensify stock for Q3 2023, down 65% quarter-over-quarter.
- 24 funds opened new Expensify positions in Q3 2023 and 17 closed out, a net change of +7 holders.
- The largest Expensify buyer in Q3 2023 was Citadel Advisors, an estimated $14.1M added.
- The largest Expensify seller in Q3 2023 was OpenView Management, an estimated $80.2M sold.
Based on aggregated 13F filings for Q3 2023.