Expensify
EXFY
105 hedge funds and large institutions have $59.1M invested in Expensify in 2025 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 31 increasing their positions, 31 reducing their positions, and 17 closing their positions.
606% more call options, than puts
Call options by funds: $219K | Put options by funds: $31K
47% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 17
8% more funds holding
Funds holding: 97 → 105 (+8)
0% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 31
2.69% less ownership
Funds ownership: 42.38% → 39.69% (-2.7%)
33% less capital invested
Capital invested by funds: $88.2M → $59.1M (-$29.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
CastleKnight Management
New York
|
+$1.76M |
| 2 |
PVM
Palogic Value Management
Dallas,
Texas
|
+$874K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$518K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$406K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$400K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Topline Capital Management
Santa Monica,
California
|
-$2.01M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.89M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$944K |
| 4 |
Renaissance Technologies
New York
|
-$839K |
| 5 |
D.E. Shaw & Co
New York
|
-$644K |
EXFY Hedge Fund Activity: Q3 2025 in Review
105 of the 7,641 institutional investors tracked by Wall St. Rank reported a position in Expensify (EXFY) for Q3 2025, worth a combined $59.1M — down 33% from $88.2M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new EXFY positions and 17 closed out — a net gain of 8 holders — while 31 added to existing stakes and 31 trimmed.
The largest buyer was CastleKnight Management, adding an estimated $1.76M. The largest seller was Topline Capital Management, exiting entirely with an estimated $2.01M sold.
- 105 institutional investors held Expensify (EXFY) as of Q3 2025, up from 97 in Q2 2025.
- Funds reported $59.1M of Expensify stock for Q3 2025, down 33% quarter-over-quarter.
- 25 funds opened new Expensify positions in Q3 2025 and 17 closed out, a net change of +8 holders.
- The largest Expensify buyer in Q3 2025 was CastleKnight Management, an estimated $1.76M added.
- The largest Expensify seller in Q3 2025 was Topline Capital Management, an estimated $2.01M sold.
Based on aggregated 13F filings for Q3 2025.