Freshworks
FRSH
183 hedge funds and large institutions have $2.42B invested in Freshworks in 2023 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 66 increasing their positions, 33 reducing their positions, and 38 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 33
80% more funds holding in top 10
Funds holding in top 10: 5 → 9 (+4)
61% more call options, than puts
Call options by funds: $9.7M | Put options by funds: $6.02M
31% more capital invested
Capital invested by funds: $1.85B → $2.42B (+$574M)
21% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 38
10.68% more ownership
Funds ownership: 71.28% → 81.96% (+11%)
5% more funds holding
Funds holding: 175 → 183 (+8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$122M |
| 2 |
State Street
Boston,
Massachusetts
|
+$35M |
| 3 |
Jane Street
New York
|
+$31.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$29.4M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$24.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
-$37.2M |
| 2 |
Tiger Global Management
New York
|
-$22.3M |
| 3 |
SFM
Soros Fund Management
New York
|
-$21.9M |
| 4 |
SCM
Scopia Capital Management
New York
|
-$13.2M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$13M |
FRSH Hedge Fund Activity: Q2 2023 in Review
183 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Freshworks (FRSH) for Q2 2023, worth a combined $2.42B — up 31% from $1.85B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new FRSH positions and 38 closed out — a net gain of 8 holders — while 66 added to existing stakes and 33 trimmed.
The largest buyer was BlackRock, adding an estimated $122M. The largest seller was Polar Capital Holdings, exiting entirely with an estimated $37.2M sold.
- 183 institutional investors held Freshworks (FRSH) as of Q2 2023, up from 175 in Q1 2023.
- Funds reported $2.42B of Freshworks stock for Q2 2023, up 31% quarter-over-quarter.
- 46 funds opened new Freshworks positions in Q2 2023 and 38 closed out, a net change of +8 holders.
- The largest Freshworks buyer in Q2 2023 was BlackRock, an estimated $122M added.
- The largest Freshworks seller in Q2 2023 was Polar Capital Holdings, an estimated $37.2M sold.
Based on aggregated 13F filings for Q2 2023.